Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.031%

Price spread now: Coinbase International against Paradex−0.056%7-day average +0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Paradex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.057%+$6 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now −0.056%, 7d avg +0.012%

Together, before fees+0.054%+ Points / potential airdropParadex: Active · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.068% cheaper against Paradex than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.012%). If the spread goes back, that is −$7 on $10k: about 3.0 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5240	0.0100	pay 0.0100% / 8h	1h 15m	$475K	$54K	50x
Short	Coinbase International XRP-PERP-INTX	1.5231	0.0176	get 0.0022% / 1h	15m 03s	$5.7M	$48.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee Coinbase InternationalbpOrdersPrice spread, now −0.056%Rate

Funding earned: $15.96
Price spread: −0.056% → +0.012%: −$6.79
Slippage, 4 orders: −$14.96
Fee Paradex: 2 bp × 2 orders: −$4
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$19.79
Costs to cover: 0.290%
Break-even: 15.7 days

Slippage from Paradex: live order book, 29 min ago; Coinbase International: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex live order book, 29 min ago	4.62 bp	6.6 bp −$7	153.1 bp −$1,531	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.66 bp	6.6 bp −$7	9.6 bp −$96	28.4 bp −$2,837	doesn't fit

XRP on 50 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5243	+0.023%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5233	−0.042%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.134%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5223	−0.108%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5233	−0.042%	$14.5M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.103%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5237	−0.017%	$7.9M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0089% / S −0.0042%	1h	1.5223	−0.111%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5235	−0.030%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5236	−0.023%	$548K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5221	−0.122%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5232	−0.046%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5234	−0.033%	$38.7M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5235	−0.030%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5235	−0.030%	$535.0M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5228	−0.076%	$349.2M	$965.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5232	−0.049%	$127.9M	$884.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5239	−0.003%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5231	−0.056%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5234	−0.036%	$378.0M	$161.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5236	−0.023%	$311.6M	$931.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5234	−0.036%	$107.9M	$182.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5229	−0.069%	$269.3M	$397.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5229	−0.069%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5233	−0.044%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5248	+0.057%	$664K	$114.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	+0.001%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5258	+0.121%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5233	−0.041%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5226	−0.089%	$64K	$508K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5233	−0.044%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5231	−0.056%	$75K	$695K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5238	−0.007%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5234	−0.036%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5238	−0.011%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5233	−0.043%	$54.6M	$32.6M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.220%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5240	long leg	$475K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5228	−0.075%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5231	−0.056%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5228	−0.076%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5239	−0.004%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0176%	1h	1.5231	−0.056%	$5.7M	$48.4M	50x
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5245	+0.036%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0214%	1h	1.5250	+0.069%	$290.4M	$265.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5222	−0.114%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5234	−0.036%	$23.6M	$78.3M	125x	as long as short
Kalshi KXXRPPERP	+0.0225%	8h	1.5242	+0.016%	$1.8M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5228	−0.073%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5235	−0.032%	$2K	$16K	10x	as long as short