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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%
Price spread now: Pacifica against Hotstuff+0.022%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHotstuff: Active · Pacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Pacifica is 0.022% dearer against Hotstuff than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff XRP-PERP1.5137−0.0080get 0.0010% / 1h12m 13s$5K$3K20x
ShortPacifica XRP1.51400.0100get 0.0013% / 1h12m 13s$607K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Hotstuff. 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
$37.8
Price spread: +0.022% → 0.000%
$2.2
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Pacifica: 4 bp × 2 orders
−$8
Net
$27
Costs to cover
0.130%
Break-even
2.0 days
Slippage unknown: Hotstuff: no order-book sample; Pacifica: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hotstuff no order-book sample
Sell Pacifica live order book, 2 min ago0.66 bp6.0 bp −$6doesn't fitdoesn't fitdoesn't fit
Hotstuff: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-PERPlong−0.0080%1h1.5137long leg$5K$3K20x
dYdX XRP-USD0.0000%1h1.5141+0.025%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5132−0.034%$258K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5138+0.007%$7.7M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5134−0.022%$14.4M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.794%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5132−0.036%$794K200xas long as short
Lighter XRP+0.0096%1h1.5137+0.003%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.51370.000%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5135−0.013%$9K$351K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5132−0.030%$962K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5131−0.037%$38.9M$85.8M100xas long as short
Pacifica XRPshort+0.0100%1h1.5140+0.022%$607K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5132−0.033%$533.4M$2.16B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5136−0.007%$344.2M$945.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5138+0.007%$125.5M$883.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5148+0.073%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5138+0.007%$137K$721K20xas long as short
Bulk XRP-USD+0.0100%1h1.5138+0.009%$1.6M$29K20xas long as short
Gate XRP_USDT+0.0100%8h1.5133−0.026%$371.6M$157.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5135−0.013%$296.9M$907.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5135−0.011%$109.1M$178.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5134−0.020%$268.7M$390.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5134−0.020%$127.8Mas long as short
Variational Omni XRP+0.0100%8h1.5151+0.091%$4.8M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5159+0.144%$658K$110.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5154+0.112%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5169+0.211%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5136−0.005%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5134−0.020%$45K$479K20xas long as short
Bullet XRP-USD+0.0100%1h1.5130−0.046%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5131−0.040%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5133−0.024%$814K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5135−0.011%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5135−0.013%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5142+0.030%$49.5M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5136−0.007%$53.9M$31.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5136−0.009%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5130−0.045%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5132−0.030%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5138+0.007%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5136−0.007%$5.7M$48.1M50xas long as short
Kalshi KXXRPPERP+0.0215%8h1.5147+0.066%$1.9M$35.3M2.9xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5130−0.045%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5144+0.046%$24.2M$75.7M125xas long as short
Backpack XRP_USDC_PERP+0.0247%1h1.5151+0.092%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5152+0.096%$17K$82K7xas long as short
RISEx XRP/USDC+0.0358%1h1.5139+0.011%$515K$776K10xas long as short
Hyperliquid XRP+0.0401%1h1.5149+0.079%$297.5M$251.7M20xas long as short
Phoenix XRP+0.0528%1h1.5160+0.152%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0653%1h1.5157+0.135%$2K$15K10xas long as short