Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Bybit−0.217%58s7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$230.231% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.050%+$5 on $10k
Price spread, last 7 days+0.192%+$19 · spread now −0.217%, 7d avg +0.011%
Together, before fees+0.241%+ Points / potential airdropPacifica: Active · farm board+$24 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 0.228% cheaper against Bybit than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit XRPUSDT1.50370.0100pay 0.0100% / 8h2h 22m$342.3M$963.8M100x
ShortPacifica XRP1.50040.0100get 0.0013% / 1h22m 42s$600K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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

Funding earned
$0
Price spread: −0.217% → +0.011%
−$22.81
Slippage, 4 orders
−$4.11
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$45.93
Costs to cover
0.231%
Break-even
never at this rate
Slippage from Bybit: live order book, 1 min ago; Pacifica: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 1 min ago0.33 bp6.0 bp −$67.4 bp −$7413.7 bp −$1,36927.2 bp −$13.6K
Sell Pacifica live order book, 1 min ago1.00 bp6.2 bp −$6doesn't fitdoesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5007−0.200%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5012−0.169%$14.1M$74.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5023−0.092%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.4980−0.379%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5002−0.231%$243K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.478%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.4999−0.250%$788K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0083%1h1.5012−0.166%$7.6M$25.6M50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5000−0.246%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5029−0.055%$2.8M$15.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5035−0.013%$544K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.4991−0.306%$10K$360K20xas long as short
Nado XRP-PERP+0.0100%1h1.5004−0.220%$946K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5039+0.013%$286.8M$261.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5028−0.058%$38.2M$87.3M100xas long as short
Pacifica XRPshort+0.0100%1h1.5004−0.217%$600K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5035−0.016%$522.4M$2.21B100xas long as short
Bybit XRPUSDTlong+0.0100%8h1.5037long leg$342.3M$963.8M100x
OKX XRP-USDT-SWAP+0.0100%8h1.5040+0.020%$124.7M$879.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.4996−0.273%$556K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5003−0.226%$143K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5027−0.067%$1.6M$4K20xas long as short
Gate XRP_USDT+0.0100%8h1.5028−0.060%$368.8M$159.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5028−0.060%$283.5M$920.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5026−0.076%$104.7M$180.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5025−0.080%$263.8M$397.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5029−0.053%$106.0Mas long as short
Variational Omni XRP+0.0100%8h1.4960−0.512%$4.7M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.4951−0.570%$649K$112.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.4988−0.329%$1.1M$37.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.4945−0.612%$1.2M$1.1M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5000−0.246%$51K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5001−0.236%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5008−0.193%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5003−0.224%$807K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5013−0.157%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5011−0.173%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5001−0.239%$49.0M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5015−0.146%$53.5M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5011−0.174%$468K$55K50xas long as short
Vest XRP-PERP+0.0100%1h1.5002−0.235%$15K10xas long as short
Extended XRP-USD+0.0104%1h1.5024−0.084%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5007−0.200%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0160%8h1.5010−0.180%$1.7M$35.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0167%1h1.5027−0.067%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5016−0.140%$5.5M$48.1M50xas long as short
Hibachi XRP/USDT-P+0.0200%1h1.4994−0.287%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.4994−0.284%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5005−0.213%$23.2M$76.4M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5002−0.233%$515K$784K10xas long as short
Aftermath Perps XRPUSD+0.0621%1h1.5007−0.200%$2K$16K10xas long as short