Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against Paradex−0.029%7-day average −0.021% · 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−$25as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Paradex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.029%, 7d avg −0.021%

Together, before fees−0.018%+ Points / potential airdropParadex: Active · farm board−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5222	0.0100	pay 0.0100% / 8h	1h 25m	$475K	$54K	50x
Short	OKX XRP-USDT-SWAP	1.5218	0.0100	get 0.0100% / 8h	1h 25m	$127.6M	$886.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.021%: −$0.86
Slippage, 4 orders: −$10.19
Fee Paradex: 2 bp × 2 orders: −$4
Fee OKX: 5 bp × 2 orders: −$10
Net: −$25.05
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Paradex: live order book, 19 min ago; OKX: 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, 19 min ago	4.62 bp	6.6 bp −$7	153.1 bp −$1,531	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	0.33 bp	5.3 bp −$5	6.0 bp −$60	12.0 bp −$1,201	30.9 bp −$15.4K

XRP on 51 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	1.5214	−0.055%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5221	−0.012%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	−0.082%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	+0.023%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5232	+0.061%	$14.4M	$74.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.217%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5233	+0.069%	$7.7M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	−0.119%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5218	−0.029%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5227	+0.030%	$547K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5227	+0.030%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5232	+0.059%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5230	+0.050%	$38.6M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5217	−0.034%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5227	+0.029%	$534.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5220	−0.016%	$347.0M	$963.1M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5218	−0.029%	$127.6M	$886.8M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.161%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5239	+0.109%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5227	+0.030%	$378.0M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5230	+0.050%	$304.3M	$926.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5235	+0.082%	$108.0M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5217	−0.036%	$268.5M	$397.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5223	+0.004%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5222	−0.004%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	−0.159%	$660K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5212	−0.069%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5207	−0.101%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5235	+0.080%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5240	+0.115%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5226	+0.023%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5221	−0.009%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.486%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5225	+0.018%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5218	−0.029%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5229	+0.044%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	+0.023%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.430%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5222	long leg	$475K	$54K	50x
Extended XRP-USD	+0.0104%	1h	1.5228	+0.035%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5217	−0.036%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5242	+0.128%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5226	+0.024%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5234	+0.076%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0187%	1h	1.5241	+0.122%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0201%	1h	1.5248	+0.168%	$289.9M	$265.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5228	+0.036%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	+0.037%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5205	−0.115%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5235	+0.081%	$532K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0616%	1h	1.5192	−0.198%	$2K	$16K	10x	as long as short