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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%
Price spread now: Pacifica against dYdX+0.078%7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$33as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$520.521% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.195%+$20 on $10k
Price spread, last 7 days−0.131%−$13 · spread now +0.078%, 7d avg +0.006%
Together, before fees+0.064%+ Points / potential airdropPacifica: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Pacifica is 0.072% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.006%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX XRP-USD1.51430get 0.0000% / 1h36m 34s$1.1M$148K10x
ShortPacifica XRP1.51550.0100get 0.0013% / 1h36m 34s$616K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against dYdX. 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
$21
Price spread: +0.078% → +0.006%
$7.19
Slippage, 4 orders
−$34.07
Fee dYdX: 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$23.88
Costs to cover
0.521%
Break-even
15.0 days
Slippage from dYdX: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 3 min ago15.19 bp20.5 bp −$2122.0 bp −$22047.3 bp −$4,731175.2 bp −$87.6K
Sell Pacifica live order book, 2 min ago0.99 bp5.8 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%1h1.5165+0.147%$5K$3K20xas long as short
dYdX XRP-USDlong0.0000%1h1.5143long leg$1.1M$148K10x
Phoenix XRP0.0000%1h1.5150+0.048%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5152+0.063%$245K150xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5165+0.145%$14.4M$75.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.756%$2K$107K30xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5168+0.167%$7.7M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0082% / S −0.0031%1h1.5164+0.142%$800K200xas long as short
01 Exchange XRPUSD+0.0088%1h1.5157+0.094%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5157+0.091%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5156+0.088%$545K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5150+0.048%$12K$368K20xas long as short
Nado XRP-PERP+0.0100%1h1.5156+0.091%$985K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5150+0.050%$38.5M$87.5M100xas long as short
Pacifica XRPshort+0.0100%1h1.5155+0.078%$616K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5151+0.055%$531.0M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5143+0.002%$345.2M$964.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5140−0.018%$127.2M$882.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5151+0.055%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5158+0.101%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5145+0.015%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5152+0.061%$376.1M$159.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5152+0.061%$298.9M$922.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5151+0.052%$107.2M$181.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5151+0.055%$267.3M$397.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.5150+0.048%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5148+0.034%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5136−0.045%$658K$113.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5151+0.057%$1.1M$36.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5156+0.088%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5165+0.149%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5169+0.174%$47K$490K20xas long as short
Bullet XRP-USD+0.0100%1h1.5167+0.160%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5165+0.147%$65K$774K50xas long as short
Derive XRP-PERP+0.0100%1h1.5145+0.014%$815K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5172+0.194%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5166+0.154%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5168+0.168%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5154+0.075%$54.2M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5162+0.129%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5149+0.039%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5165+0.145%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0160%1h1.5153+0.071%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0168%1h1.5164+0.141%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0172%1h1.5168+0.167%$288.3M$264.6M20xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5170+0.180%$5.7M$48.3M50xas long as short
Kalshi KXXRPPERP+0.0209%8h1.5164+0.141%$1.7M$35.2M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5162+0.128%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5153+0.068%$23.5M$77.8M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5170+0.181%$523K$797K10xas long as short
Aftermath Perps XRPUSD+0.0581%1h1.5157+0.093%$2K$16K10xas long as short