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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Pacifica against gTrade (Gains Network)+0.059%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$277as in the Price arb table
costs, in and out, $10k−$2802.803% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.097%+$10 on $10k
Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.059%, 7d avg +0.021%
Together, before fees−0.013%+ Points / potential airdropPacifica: Active · farm board−$1 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 0.038% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5074L +0.0003% / S −0.0004%pay 0.0000% / 1h15m 59s$244K150x
ShortPacifica XRP1.50830.0100get 0.0013% / 1h15m 59s$600K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against gTrade (Gains Network). 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
$20.3
Price spread: +0.059% → +0.021%
$3.78
Slippage, 4 orders
−$262.34
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$256.25
Costs to cover
2.803%
Break-even
95.4 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 33 min ago; Pacifica: live order book, 3 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 gTrade (Gains Network) virtual book (oracle venue), 33 min ago130.02 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell Pacifica live order book, 3 min ago0.66 bp5.6 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%1h1.5073−0.007%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5071−0.017%$14.1M$74.9M50xas long as short
dYdX XRP-USD0.0000%1h1.5078+0.030%$1.1M$133K10xas long as short
Phoenix XRP0.0000%1h1.5090+0.106%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5074long leg$244K150x
Injective XRP/USDC PERP+0.0033%1h1.5560+3.224%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0071% / S −0.0015%1h1.5073−0.009%$795K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0082%1h1.5075+0.007%$7.7M$25.5M50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5084+0.066%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5077+0.017%$2.8M$15.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5077+0.020%$545K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5080+0.040%$10K$361K20xas long as short
Nado XRP-PERP+0.0100%1h1.5080+0.043%$975K$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5082+0.053%$38.3M$87.2M100xas long as short
Pacifica XRPshort+0.0100%1h1.5083+0.059%$600K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5084+0.066%$524.6M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5088+0.093%$344.3M$964.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5080+0.040%$126.0M$883.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5044−0.199%$561K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5089+0.100%$144K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5026−0.315%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5076+0.013%$370.4M$160.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5084+0.066%$287.6M$923.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5079+0.031%$106.3M$180.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5080+0.040%$264.9M$398.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5078+0.027%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5046−0.187%$4.7M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5054−0.131%$654K$113.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5083+0.060%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5092+0.119%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5085+0.071%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5084+0.066%$51K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5076+0.011%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5073−0.007%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5073−0.005%$811K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5078+0.029%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.50740.000%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5081+0.049%$49.3M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5075+0.007%$53.8M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5090+0.105%$470K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5080+0.037%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5071−0.021%$58K$25K3xas long as short
Hyperliquid XRP+0.0110%1h1.5089+0.100%$288.0M$262.1M20xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5078+0.027%$5.7M$48.4M50xas long as short
Hibachi XRP/USDT-P+0.0192%1h1.5080+0.042%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0192%1h1.5087+0.086%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0196%8h1.5079+0.033%$1.7M$35.7M2.9xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5076+0.015%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5077+0.020%$23.1M$77.0M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5088+0.094%$519K$786K10xas long as short
Aftermath Perps XRPUSD+0.0601%1h1.5063−0.073%$2K$16K10xas long as short