Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Binance+0.006%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

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

costs, in and out, $10k−$220.215% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now +0.006%, 7d avg +0.015%

Together, before fees+0.131%+ Points / potential airdropPacifica: Active · farm board+$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5696	0.0100	pay 0.0100% / 8h	1h 42m	$569.5M	$1.93B	100x
Short	Pacifica XRP	1.5697	0.0100	get 0.0013% / 1h	42m 12s	$678K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.015%: −$0.91
Slippage, 4 orders: −$3.53
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$22.44
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Pacifica: live order book, 2 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 Binance live order book, 2 min ago	0.32 bp	5.3 bp −$5	7.1 bp −$71	13.9 bp −$1,391	31.5 bp −$15.8K
Sell Pacifica live order book, 2 min ago	0.95 bp	5.0 bp −$5	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5711	+0.095%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5698	+0.014%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5698	+0.012%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5702	+0.041%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.587%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5695	−0.006%	$15.7M	$67.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5697	+0.006%	$82K	$938K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0081% / S +0.0139%	1h	1.5698	+0.013%	$925K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5701	+0.033%	$3.1M	$11.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5703	+0.044%	$464K	$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
Aster XRPUSDT	+0.0100%	8h	1.5701	+0.030%	$39.9M	$75.9M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5697	+0.006%	$678K	$1.1M	20x
Binance XRPUSDTlong	+0.0100%	8h	1.5696	long leg	$569.5M	$1.93B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5701	+0.032%	$354.0M	$877.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5693	−0.019%	$128.5M	$874.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.516%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5706	+0.063%	$121K	$726K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−1.077%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5696	0.000%	$379.8M	$136.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5699	+0.019%	$295.7M	$830.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5697	+0.006%	$114.3M	$155.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5696	0.000%	$273.1M	$355.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5696	0.000%	—	$116.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	−0.395%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5683	−0.086%	$681K	$99.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5730	+0.218%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5698	+0.012%	$1.0M	$879K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5711	+0.092%	$1.1M	$5.4M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5703	+0.042%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5704	+0.051%	$48K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5696	0.000%	$42K	$63K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5701	+0.033%	$845K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5698	+0.014%	$132K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5696	0.000%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5690	−0.037%	$51.6M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5697	+0.006%	$55.9M	$28.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5698	+0.014%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5711	+0.095%	$13K	$250K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5696	−0.002%	$2.2M	$7.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5704	+0.053%	$18K	$81K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5699	+0.019%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5714	+0.114%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5701	+0.034%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5704	+0.051%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5717	+0.134%	$24.8M	$72.6M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5709	+0.083%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0361%	1h	1.5703	+0.044%	$1.8M	$970K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5740	+0.280%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5718	+0.142%	$413K	$560K	10x	as long as short
Aftermath Perps XRPUSD	+0.0598%	1h	1.5660	−0.232%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0644%	1h	1.5716	+0.127%	$292.1M	$198.3M	20x	as long as short