Funding you earn now, next payment 02:00 UTC−0.0207%/8h= −22.7% APRnext payment −$0.26 per $10,000 · paid last 24h −0.019%
Price spread now: Pacifica against Backpack+0.081%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$10as in the Price arb table
costs, in and out, $10k−$210.207% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.056%−$6 · spread now +0.081%, 7d avg −0.025%
=Together, before fees−0.108%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.106% dearer against Backpack than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.025%): +$11 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.052% in total) that is about 14 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5102 | 0.0307 | pay 0.0038% / 1h | 54m 31s | $1.9M | $1.3M | 25x |
| Short | Pacifica XRP | 1.5114 | 0.0100 | get 0.0013% / 1h | 54m 31s | $614K | $1.1M | 20x |
Backpack XRP_USDC_PERP
Pacifica XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$43.54
- Price spread: +0.081% → −0.025%
- $10.56
- Slippage, 4 orders
- −$2.7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$53.68
- Costs to cover
- 0.207%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 5 min ago; Pacifica: live order book, 4 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 Backpack live order book, 5 min ago | 0.33 bp | 5.3 bp −$5 | 6.6 bp −$66 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 4 min ago | 0.33 bp | 4.3 bp −$4 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni XRPUSDT | −0.0111% | 1h | 1.5197 | +0.629% | $1.2M | $1.0M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5102 | 0.000% | $5K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5114 | +0.081% | $1.1M | $120K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5079 | −0.152% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0020% / S +0.0068% | 1h | 1.5079 | −0.154% | $827K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.033% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5088 | −0.092% | $14.7M | $72.1M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0066% | 8h | 1.5086 | −0.106% | $58K | $936K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0081% | 1h | 1.5090 | −0.079% | $9.0M | $25.0M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5124 | +0.149% | $2.8M | $14.0M | 20x | as long as short |
ApeX Omni XRPUSDT
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5118 | +0.106% | $508K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5089 | −0.086% | $11K | $288K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5093 | −0.056% | $894K | $5.7M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5106 | +0.026% | $279.7M | $221.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5109 | +0.045% | $38.2M | $84.0M | 100x | as long as short |
| Pacifica XRPshort | +0.0100% | 1h | 1.5114 | +0.081% | $614K | $1.1M | 20x | |
| Binance XRPUSDT | +0.0100% | 8h | 1.5095 | −0.045% | $531.7M | $2.08B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5094 | −0.053% | $337.8M | $932.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5102 | 0.000% | $121.8M | $864.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5111 | +0.060% | $565K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5100 | −0.013% | $113K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5203 | +0.669% | $1.6M | $305K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5097 | −0.033% | $364.5M | $148.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5104 | +0.013% | $290.1M | $891.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5109 | +0.048% | $108.8M | $170.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5094 | −0.053% | $263.0M | $382.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5100 | −0.013% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5096 | −0.039% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5193 | +0.602% | $660K | $107.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5150 | +0.318% | $1.1M | $38.1M | 20x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5101 | −0.005% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5104 | +0.013% | $44K | $451K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5085 | −0.113% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5090 | −0.080% | $812K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5094 | −0.051% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5091 | −0.073% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5091 | −0.074% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5095 | −0.046% | $53.6M | $29.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5104 | +0.013% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5101 | −0.007% | $2.0M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5087 | −0.097% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5094 | −0.053% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5093 | −0.057% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5095 | −0.046% | $5.7M | $46.1M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5074 | −0.185% | $24.0M | $74.5M | 125x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0307% | 1h | 1.5102 | long leg | $1.9M | $1.3M | 25x | |
| Kalshi KXXRPPERP | +0.0322% | 8h | 1.5099 | −0.020% | $1.9M | $35.4M | 2.9x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5086 | −0.104% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5097 | −0.031% | $535K | $778K | 10x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5150 | +0.318% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0861% | 1h | 1.5202 | +0.659% | $2K | $13K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kalshi KXXRPPERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD