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: Paradex against Variational Omni−0.015%53s7-day average +0.008% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Paradex

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)−0.128%−$13 · spread now −0.015%, 7d avg +0.008%

Together, before fees−0.129%+ Points / potential airdropVariational Omni: Active · Paradex: Active · farm board−$13 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: Paradex is 0.023% cheaper against Variational Omni than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.008%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5202	0.0100	pay 0.0100% / 8h	3h 45m	$4.9M	$38.2M	—
Short	Paradex XRP-USD-PERP	1.5200	0.0100	get 0.0100% / 8h	3h 45m	$474K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Variational Omni. 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 Variational OmnibpFee ParadexbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.008%: −$2.28
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$6.28
Costs to cover: 0.040%
Break-even: 3606373.4 days

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Paradex: live order book, 8 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	2.04 bp	doesn't fit	4.1 bp −$41	24.2 bp −$2,421	doesn't fit
Sell Paradex live order book, 8 min ago	4.61 bp	6.6 bp −$7	155.8 bp −$1,558	doesn't fit	doesn't fit

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	1.5206	+0.027%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	+0.006%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	−0.006%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5205	+0.021%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5199	−0.017%	$14.4M	$74.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.356%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0015%	1h	1.5201	−0.006%	$780K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5205	+0.022%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5202	+0.001%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5197	−0.032%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5203	+0.008%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5206	+0.031%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5201	−0.002%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5203	+0.007%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5202	+0.004%	$534.5M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5202	+0.001%	$346.8M	$941.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5203	+0.008%	$127.3M	$887.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5232	+0.198%	$566K	$29K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5201	−0.006%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.137%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5204	+0.014%	$371.6M	$153.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5204	+0.014%	$293.2M	$899.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5209	+0.046%	$108.9M	$176.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.012%	$269.2M	$388.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5207	+0.034%	—	$4.2M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5202	long leg	$4.9M	$38.2M	—
edgeX XRPUSDC	+0.0100%	4h	1.5208	+0.040%	$660K	$109.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.041%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5214	+0.080%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5206	+0.026%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5207	+0.034%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5203	+0.008%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5205	+0.018%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5201	−0.004%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	+0.008%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	+0.003%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5202	+0.001%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5200	−0.015%	$474K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5203	+0.009%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5202	+0.003%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5204	+0.014%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5207	+0.034%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5201	−0.004%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5212	+0.067%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5214	+0.078%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5212	+0.067%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0298%	1h	1.5214	+0.080%	$292.6M	$234.6M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0303%	1h	1.5209	+0.047%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5203	+0.005%	$518K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.119%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5212	+0.069%	$2K	$15K	10x	as long as short