XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.022%

Price spread now: Pacifica against Coinbase International−0.155%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.380%+$38 · spread now −0.155%, 7d avg −0.011%

Together, before fees+0.388%+ Points / potential airdropPacifica: Active · farm board+$39 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.144% cheaper against Coinbase International than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5242	0.0192	pay 0.0024% / 1h	33m 45s	$5.4M	$43.2M	50x
Short	Pacifica XRP	1.5218	0.0100	get 0.0013% / 1h	33m 45s	$662K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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 Coinbase InternationalbpFee PacificabpOrdersPrice spread, now −0.155%Rate

Funding earned: −$19.32
Price spread: −0.155% → −0.011%: −$14.35
Slippage, 4 orders: −$8.21
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$59.89
Costs to cover: 0.262%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Pacifica: live order book, just now.

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 Coinbase International live order book, 5 min ago	0.33 bp	6.8 bp −$7	9.7 bp −$97	25.9 bp −$2,589	doesn't fit
Sell Pacifica live order book, just now	0.66 bp	6.3 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	1.5234	−0.055%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5259	+0.112%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5219	−0.149%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	+0.052%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5237	−0.033%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5234	−0.051%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.315%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5230	−0.079%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5227	−0.096%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5229	−0.085%	$442K	$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	1.5242	+0.003%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5238	−0.023%	$38.7M	$71.5M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5218	−0.155%	$662K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5215	−0.174%	$544.2M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5216	−0.171%	$340.9M	$834.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5213	−0.190%	$122.8M	$825.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5253	+0.072%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5258	+0.105%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.121%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5235	−0.046%	$355.8M	$129.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5215	−0.177%	$289.2M	$801.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5236	−0.040%	$112.4M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5231	−0.072%	$265.0M	$338.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5232	−0.066%	—	$113.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5254	+0.079%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.181%	$662K	$95.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	−0.012%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.144%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5241	−0.005%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5242	0.000%	$50K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5234	−0.055%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5233	−0.060%	$820K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5246	+0.026%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5232	−0.066%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5227	−0.099%	$50.1M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5238	−0.026%	$54.5M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5217	−0.161%	$474K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5256	+0.092%	$12K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5232	−0.067%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5233	−0.059%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0128%	1h	1.5248	+0.039%	$1.7M	$923K	25x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5251	+0.059%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5232	−0.068%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0192%	1h	1.5242	long leg	$5.4M	$43.2M	50x
Reya XRPRUSDPERP	+0.0210%	1h	1.5232	−0.062%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5251	+0.059%	$23.8M	$66.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0221%	8h	1.5249	+0.046%	$1.7M	$31.6M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5250	+0.053%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5258	+0.105%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0445%	1h	1.5247	+0.032%	$279.9M	$180.1M	20x	as long as short
Aftermath Perps XRPUSD	+0.0532%	1h	1.5256	+0.090%	$1K	$10K	10x	as long as short