Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
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: Variational Omni against Paradex+0.385%7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.001%$0 on $10k
Price spread, last 4 days (all we have)−0.085%−$9 · spread now +0.385%, 7d avg −0.008%
Together, before fees−0.085%+ Points / potential airdropParadex: Active · Variational Omni: Active · farm board−$8 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.393% dearer against Paradex than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XRP-USD-PERP1.51670.0100pay 0.0100% / 8h36m 31s$473K$55K50x
ShortVariational Omni XRP1.52260.0100get 0.0100% / 8h36m 31s$5.0M$38.7M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$0
Price spread: +0.385% → −0.008%
$39.3
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$35.3
Costs to cover
0.040%
Break-even
from the start
Slippage unknown: Paradex: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 3 min ago4.93 bp6.9 bp −$7145.0 bp −$1,450doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago2.04 bpdoesn't fit3.4 bp −$3417.7 bp −$1,769doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5179+0.078%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5171+0.029%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5174+0.045%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5172+0.032%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.590%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5168+0.005%$14.5M$73.8M50xas long as short
Lighter XRP+0.0096%1h1.5172+0.035%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5169+0.012%$603K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5156−0.073%$20K$380K20xas long as short
Nado XRP-PERP+0.0100%1h1.5154−0.087%$1.0M$6.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XRPUSDT+0.0100%8h1.5159−0.056%$38.4M$86.8M100xas long as short
Pacifica XRP+0.0100%1h1.5169+0.014%$612K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5158−0.058%$531.0M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5154−0.087%$349.1M$956.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5155−0.080%$127.8M$867.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5179+0.078%$564K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5164−0.021%$144K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.151%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5166−0.007%$378.0M$160.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5163−0.027%$312.9M$922.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5171+0.023%$106.2M$183.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5159−0.054%$267.9M$390.2M125xas long as short
BingX XRP-USDC+0.0100%8h1.5162−0.034%$4.2Mas long as short
Variational Omni XRPshort+0.0100%8h1.5226+0.385%$5.0M$38.7M
edgeX XRPUSDC+0.0100%4h1.5205+0.251%$660K$113.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5210+0.282%$1.1M$35.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5239+0.474%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5187+0.128%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5178+0.072%$51K$510K20xas long as short
Bullet XRP-USD+0.0100%1h1.5177+0.063%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5174+0.045%$77K$688K50xas long as short
Derive XRP-PERP+0.0100%1h1.5186+0.126%$817K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5183+0.107%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5168+0.006%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5166−0.009%$49.5M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5169+0.012%$54.2M$32.7M50xas long as short
Paradex XRP-USD-PERPlong+0.0100%8h1.5167long leg$473K$55K50x
GMX XRP/USD [ETH-USDC]L +0.0101% / S −0.0061%1h1.5174+0.044%$783K200xas long as short
Extended XRP-USD+0.0104%1h1.5156−0.071%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5161−0.040%$8K$2K10xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5194+0.175%$17K$78K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5169+0.014%$58K$25K3xas long as short
Hyperliquid XRP+0.0131%1h1.5183+0.105%$289.6M$267.7M20xas long as short
Backpack XRP_USDC_PERP+0.0151%1h1.5186+0.124%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5176+0.058%$5.6M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0195%8h1.5187+0.131%$1.8M$34.5M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5175+0.052%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5169+0.012%$23.5M$77.6M125xas long as short
RISEx XRP/USDC+0.0394%1h1.5165−0.016%$521K$806K10xas long as short
Phoenix XRP+0.0526%1h1.5230+0.415%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0645%1h1.5216+0.323%$2K$16K10xas long as short