Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.009%

Price spread now: Paradex against 01 Exchange+0.091%55s7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.091% dearer against 01 Exchange than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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	01 Exchange XRPUSD	1.5170	0.0104	pay 0.0013% / 1h	10m 40s	$8K	$2K	10x
Short	Paradex XRP-USD-PERP	1.5184	0.0100	get 0.0100% / 8h	10m 40s	$473K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now +0.091%Rate

Funding earned: −$0.84
Price spread: +0.091% → 0.000%: $9.07
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$2.77
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Paradex: live order book, 28 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Paradex live order book, 28 min ago	4.93 bp	6.9 bp −$7	152.6 bp −$1,526	doesn't fit	doesn't fit

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5163	−0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5175	+0.034%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5163	−0.044%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.571%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5173	+0.021%	$14.5M	$73.6M	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5175	+0.033%	$7.7M	$24.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5181	+0.075%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5184	+0.092%	$605K	$3.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5177	+0.046%	$17K	$78K	7x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5163	−0.046%	$20K	$382K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5164	−0.039%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5179	+0.060%	$38.5M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5183	+0.089%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5185	+0.098%	$529.7M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5185	+0.099%	$350.0M	$949.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	+0.112%	$127.3M	$863.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.013%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5193	+0.152%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.053%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5169	−0.007%	$377.7M	$162.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5188	+0.119%	$311.9M	$928.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5183	+0.086%	$106.7M	$183.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5186	+0.105%	$269.2M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5164	−0.040%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5163	−0.049%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.125%	$658K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	+0.065%	$1.1M	$34.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5182	+0.079%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5171	+0.007%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5168	−0.013%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5164	−0.043%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5166	−0.026%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	+0.032%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5170	+0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5169	−0.007%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5163	−0.046%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5168	−0.013%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5184	+0.091%	$473K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5167	−0.019%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSDlong	+0.0104%	1h	1.5170	long leg	$8K	$2K	10x
Aevo XRP-PERP	+0.0104%	1h	1.5167	−0.023%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0108% / S −0.0072%	1h	1.5172	+0.016%	$773K	—	200x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5182	+0.077%	$289.8M	$268.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5171	+0.007%	$1.8M	$33.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0175%	1h	1.5183	+0.086%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5176	+0.040%	$5.6M	$48.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5172	+0.013%	$23.6M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5162	−0.055%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5172	+0.015%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.066%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0586%	1h	1.5169	−0.009%	$2K	$16K	10x	as long as short