Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Aster−0.010%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on Aster Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.010%, 7d avg +0.003%

Together, before fees+0.115%+ Points / potential airdropAster: Stage 5 · Pacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5318	0.0100	pay 0.0100% / 8h	2h 55m	$39.0M	$71.1M	100x
Short	Pacifica XRP	1.5316	0.0100	get 0.0013% / 1h	55m 26s	$675K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Aster. 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 AsterbpFee PacificabpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.003%: −$1.31
Slippage, 4 orders: −$4.81
Fee Aster: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.12
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Pacifica: live order book, 3 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 Aster live order book, 4 min ago	0.65 bp	4.7 bp −$5	5.5 bp −$55	12.1 bp −$1,205	doesn't fit
Sell Pacifica live order book, 3 min ago	0.65 bp	6.2 bp −$6	9.9 bp −$99	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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5321	+0.022%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5308	−0.062%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5313	−0.027%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5310	−0.049%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5322	+0.031%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5327	+0.062%	$9.3M	$23.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.180%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5322	+0.029%	$180K	$785K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5314	−0.022%	$2.9M	$11.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5315	−0.016%	$445K	$3.1M	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	1.5315	−0.019%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5318	long leg	$39.0M	$71.1M	100x
Pacifica XRPshort	+0.0100%	1h	1.5316	−0.010%	$675K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5322	+0.029%	$549.5M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5328	+0.068%	$346.1M	$827.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5326	+0.055%	$123.6M	$827.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5303	−0.095%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5320	+0.016%	$116K	$635K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	−0.021%	$1.6M	$344K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5318	+0.003%	$356.5M	$127.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	+0.029%	$302.5M	$782.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5319	+0.011%	$113.0M	$145.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5323	+0.036%	$266.9M	$335.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5323	+0.036%	—	$112.6M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5334	+0.108%	$1.7M	$914K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5304	−0.085%	$6.4M	$24.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5291	−0.174%	$664K	$94.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5312	−0.034%	$1.1M	$42.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5293	−0.160%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5315	−0.014%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5325	+0.049%	$52K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	+0.018%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5304	−0.090%	$824K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5311	−0.041%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5322	+0.029%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5319	+0.007%	$50.4M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5326	+0.055%	$54.8M	$27.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5314	−0.020%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5320	+0.016%	$11K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5313	−0.031%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5325	+0.049%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5323	+0.036%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5321	+0.022%	$15.3M	$62.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5337	+0.127%	$5.3M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0205%	8h	1.5308	−0.062%	$1.7M	$32.0M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5320	+0.016%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5299	−0.121%	$24.1M	$66.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5289	−0.187%	$19K	$54K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5324	+0.044%	$405K	$503K	10x	as long as short
Hyperliquid XRP	+0.0460%	1h	1.5338	+0.134%	$287.1M	$174.1M	20x	as long as short
Aftermath Perps XRPUSD	+0.0544%	1h	1.5322	+0.029%	$1K	$10K	10x	as long as short