Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.042%

Price spread now: Pacifica against edgeX−0.316%7-day average +0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$220.224% of the position

Long on edgeX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 4 days (all we have)+0.214%+$21 · spread now −0.316%, 7d avg +0.013%

Together, before fees+0.366%+ Points / potential airdropedgeX: Active · Pacifica: Active · farm board+$37 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 0.329% cheaper against edgeX than usual: you would sell low and buy high, −$33 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5643	0.0100	pay 0.0050% / 4h	1h 37m	$679K	$99.9M	30x
Short	Pacifica XRP	1.5594	0.0100	get 0.0013% / 1h	37m 33s	$673K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against edgeX. 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 edgeXbpFee PacificabpOrdersPrice spread, now −0.316%Rate

Funding earned: $0
Price spread: −0.316% → +0.013%: −$32.88
Slippage, 4 orders: −$5.36
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$55.24
Costs to cover: 0.224%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 2 min ago	0.96 bp	5.5 bp −$5	5.5 bp −$55	8.7 bp −$870	doesn't fit
Sell Pacifica live order book, 1 min ago	0.96 bp	5.5 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
Hotstuff XRP-PERP	−0.0080%	1h	1.5610	−0.213%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5594	−0.318%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5617	−0.169%	$9.7M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5653	+0.062%	$262K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.259%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5606	−0.239%	$15.6M	$68.0M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5643	−0.002%	$81K	$938K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0134%	1h	1.5653	+0.060%	$922K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5594	−0.313%	$3.0M	$11.9M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5600	−0.277%	$461K	$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	1.5589	−0.351%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5592	−0.328%	$39.6M	$76.5M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5594	−0.316%	$673K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5593	−0.320%	$562.9M	$1.94B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5593	−0.322%	$350.8M	$880.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5590	−0.341%	$127.4M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5693	+0.317%	$584K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5602	−0.264%	$119K	$729K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.253%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5595	−0.309%	$374.4M	$137.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5591	−0.335%	$293.2M	$836.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5592	−0.326%	$114.9M	$156.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5588	−0.354%	$271.2M	$357.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5598	−0.290%	—	$116.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.296%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5643	long leg	$679K	$99.9M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5652	+0.056%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.010%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5601	−0.273%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5593	−0.322%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5604	−0.250%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5645	+0.008%	$842K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5668	+0.154%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5613	−0.194%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5604	−0.250%	$51.3M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5614	−0.188%	$55.6M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5592	−0.327%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5601	−0.271%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5592	−0.329%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5615	−0.181%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0128%	1h	1.5657	+0.085%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5604	−0.252%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5587	−0.362%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5619	−0.156%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5633	−0.066%	$24.5M	$72.9M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5625	−0.117%	$1.8M	$972K	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5650	+0.042%	$1.9M	$32.3M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+0.554%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5608	−0.226%	$509K	$615K	10x	as long as short
Hyperliquid XRP	+0.0614%	1h	1.5610	−0.213%	$291.1M	$199.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0647%	1h	1.5674	+0.194%	$1K	$11K	10x	as long as short