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 BingX+0.084%7-day average +0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.130%−$13 · spread now +0.084%, 7d avg +0.036%

Together, before fees−0.109%+ Points / potential airdropPacifica: Active · farm board−$11 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 0.048% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5186	0.0100	pay 0.0100% / 8h	2h 45m	—	$3.7M	—
Short	Pacifica XRP	1.5199	0.0100	get 0.0013% / 1h	45m 14s	$662K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.036%: $4.84
Slippage, 4 orders: −$10.69
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.85
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from BingX: 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 BingX live order book, 5 min ago	0.99 bp	9.9 bp −$10	12.5 bp −$125	26.8 bp −$2,677	60.8 bp −$30.4K
Sell Pacifica live order book, 4 min ago	0.33 bp	5.9 bp −$6	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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5201	+0.099%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5209	+0.151%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5199	+0.087%	$1.1M	$100K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.158%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5197	+0.072%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5202	+0.103%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.685%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5192	+0.040%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5191	+0.030%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5195	+0.059%	$441K	$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	1.5199	+0.089%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5196	+0.069%	$38.6M	$71.3M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5199	+0.084%	$662K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5183	−0.019%	$542.8M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5181	−0.033%	$338.9M	$830.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5182	−0.026%	$122.3M	$820.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5215	+0.191%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5201	+0.099%	$115K	$645K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5182	−0.026%	$353.5M	$128.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5182	−0.026%	$294.7M	$793.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5194	+0.050%	$111.3M	$145.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5182	−0.026%	$263.8M	$336.2M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5186	long leg	—	$3.7M	—
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5192	+0.040%	$1.7M	$923K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5196	+0.063%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5204	+0.117%	$661K	$95.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.100%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5203	+0.112%	$1.0M	$827K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5200	+0.089%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5203	+0.112%	$51K	$457K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5200	+0.094%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	+0.060%	$818K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5205	+0.128%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5192	+0.040%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.001%	$50.0M	$14.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5189	+0.020%	$54.2M	$28.1M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5279	+0.612%	$1.6M	$350K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5198	+0.079%	$474K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5193	+0.046%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5193	+0.046%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5197	+0.070%	$71K	$40K	3x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5194	+0.052%	$15.1M	$62.7M	50x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5199	+0.086%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5208	+0.145%	$5.3M	$42.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0204%	8h	1.5205	+0.125%	$1.7M	$31.8M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5200	+0.093%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5198	+0.079%	$23.9M	$65.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5204	+0.117%	$19K	$55K	7x	as long as short
Hyperliquid XRP	+0.0411%	1h	1.5197	+0.072%	$277.9M	$178.0M	20x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5205	+0.126%	$402K	$503K	10x	as long as short
Aftermath Perps XRPUSD	+0.0541%	1h	1.5237	+0.337%	$1K	$10K	10x	as long as short