Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Gate0.000%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now 0.000%, 7d avg +0.018%

Together, before fees−0.107%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5287	0.0100	pay 0.0100% / 8h	2h 51m	$355.6M	$128.1M	100x
Short	Pacifica XRP	1.5287	0.0100	get 0.0013% / 1h	51m 24s	$673K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.018%: −$1.79
Slippage, 4 orders: −$9.82
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$34.61
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Gate: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	0.33 bp	9.5 bp −$10	13.3 bp −$133	28.0 bp −$2,803	39.0 bp −$19.5K
Sell Pacifica live order book, 2 min ago	0.65 bp	6.5 bp −$7	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	1.5286	−0.005%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5270	−0.111%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5283	−0.027%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5300	+0.085%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5285	−0.013%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5288	+0.004%	$256K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.020%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5277	−0.065%	$180K	$785K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5284	−0.016%	$3.0M	$11.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5287	0.000%	$444K	$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	1.5288	+0.003%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5285	−0.013%	$38.8M	$71.2M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5287	0.000%	$673K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5292	+0.035%	$547.5M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5290	+0.020%	$344.3M	$829.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5287	0.000%	$123.6M	$826.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5294	+0.046%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5296	+0.059%	$115K	$643K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5287	long leg	$355.6M	$128.1M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5284	−0.020%	$295.8M	$786.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5290	+0.020%	$112.2M	$145.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5287	0.000%	$266.2M	$336.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5285	−0.013%	—	$112.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5295	+0.052%	$1.7M	$914K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5304	+0.114%	$6.4M	$24.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5297	+0.063%	$665K	$94.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5308	+0.137%	$1.1M	$42.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5297	+0.065%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5286	−0.006%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5293	+0.039%	$51K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5285	−0.013%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5281	−0.037%	$823K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5288	+0.008%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5281	−0.039%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5282	−0.031%	$50.3M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5281	−0.039%	$54.6M	$27.9M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5279	−0.052%	$1.6M	$350K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5289	+0.012%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5292	+0.033%	$12K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5289	+0.010%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5284	−0.022%	$71K	$40K	3x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5279	−0.052%	$15.3M	$62.6M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5289	+0.013%	$5.3M	$42.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0202%	8h	1.5287	0.000%	$1.7M	$31.9M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5288	+0.007%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5286	−0.007%	$24.0M	$65.6M	125x	as long as short
01 Exchange XRPUSD	+0.0248%	1h	1.5299	+0.078%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5299	+0.076%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5304	+0.109%	$405K	$503K	10x	as long as short
Hyperliquid XRP	+0.0442%	1h	1.5306	+0.124%	$285.7M	$174.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5302	+0.096%	$1K	$10K	10x	as long as short