Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Pacifica against Arcus−0.005%7-day average +0.019% · 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−$23as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Arcus Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now −0.005%, 7d avg +0.019%

Together, before fees+0.035%+ Points / potential airdropPacifica: Active · farm board+$3 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: Pacifica is 0.024% cheaper against Arcus than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5327	0.0100	pay 0.0013% / 1h	3m 45s	$117K	$708K	20x
Short	Pacifica XRP	1.5326	0.0100	get 0.0013% / 1h	3m 45s	$631K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Arcus. 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 ArcusbpFee PacificabpOrdersPrice spread, now −0.005%Rate

Funding earned: $0
Price spread: −0.005% → +0.019%: −$2.37
Slippage, 4 orders: −$8.38
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.24
Costs to cover: 0.209%
Break-even: never at this rate

Slippage from Arcus: live order book, 10 min ago; Pacifica: live order book, just now.

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 Arcus live order book, 10 min ago	1.30 bp	5.3 bp −$5	11.6 bp −$116	doesn't fit	doesn't fit
Sell Pacifica live order book, just now	0.98 bp	5.0 bp −$5	8.6 bp −$86	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	1.5315	−0.078%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5322	−0.036%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.020%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5327	+0.001%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0091%	1h	1.5326	−0.008%	$840K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5328	+0.007%	$9.3M	$25.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5325	−0.011%	$15.0M	$69.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5330	+0.020%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.520%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5325	−0.011%	$2.8M	$13.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5329	+0.013%	$511K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5328	+0.009%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5322	−0.030%	$38.8M	$82.4M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5326	−0.005%	$631K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5324	−0.023%	$540.8M	$2.06B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5325	−0.013%	$338.8M	$930.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5325	−0.013%	$125.2M	$882.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5324	−0.020%	$570K	$41K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5327	long leg	$117K	$708K	20x
Bulk XRP-USD	+0.0100%	1h	1.5333	+0.040%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5323	−0.026%	$361.4M	$149.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5324	−0.020%	$299.7M	$899.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5323	−0.027%	$108.4M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5324	−0.020%	$267.7M	$377.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5321	−0.039%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5290	−0.239%	$8.2M	$33.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5317	−0.062%	$665K	$105.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5343	+0.104%	$1.1M	$40.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5301	−0.170%	$1.0M	$901K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5320	−0.048%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5331	+0.026%	$46K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5328	+0.009%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5331	+0.026%	$825K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5330	+0.020%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5325	−0.013%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5329	+0.014%	$50.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5325	−0.013%	$54.6M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5323	−0.023%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5326	−0.007%	$11K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5321	−0.041%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5326	−0.007%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5329	+0.013%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5326	−0.004%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5301	−0.170%	$24.1M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5336	+0.059%	$5.8M	$46.8M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0263%	1h	1.5331	+0.026%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5295	−0.209%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5325	−0.013%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0558%	1h	1.5339	+0.078%	$290.1M	$215.9M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5328	+0.006%	$529K	$744K	10x	as long as short
Aftermath Perps XRPUSD	+0.0789%	1h	1.5332	+0.034%	$1K	$11K	10x	as long as short