Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against HTX+0.198%7-day average +0.057% · 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−$16as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.198%, 7d avg +0.057%

Together, before fees−0.119%+ Points / potential airdropPacifica: Active · farm board−$12 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 0.140% dearer against HTX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5313	0.0100	pay 0.0100% / 8h	7h 16m	$50.2M	$15.4M	75x
Short	Pacifica XRP	1.5343	0.0100	get 0.0013% / 1h	16m 36s	$634K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → +0.057%: $14.04
Slippage, 4 orders: −$10.4
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$16.35
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from HTX: 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 HTX live order book, 3 min ago	0.03 bp	9.3 bp −$9	10.1 bp −$101	35.9 bp −$3,586	136.6 bp −$68.3K
Sell Pacifica live order book, 2 min ago	0.98 bp	6.3 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	1.5322	+0.061%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5331	+0.122%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.007%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0016% / S +0.0075%	1h	1.5309	−0.023%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.615%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5318	+0.035%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5338	+0.165%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5343	+0.200%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5345	+0.211%	$515K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5331	+0.120%	$9K	$280K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5340	+0.177%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	+0.167%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5340	+0.179%	$38.8M	$83.3M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5343	+0.198%	$634K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5337	+0.161%	$542.0M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5337	+0.159%	$341.9M	$920.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5338	+0.165%	$124.7M	$868.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	+0.028%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5341	+0.185%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.249%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5338	+0.165%	$374.2M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5341	+0.185%	$308.3M	$910.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5338	+0.163%	$110.4M	$166.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5335	+0.146%	$268.4M	$375.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5338	+0.165%	—	$123.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	+0.015%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5316	+0.024%	$667K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5327	+0.093%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5312	−0.005%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5327	+0.093%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5313	+0.001%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	+0.055%	$825K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5314	+0.007%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5321	+0.054%	$30K	$1.8M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5313	long leg	$50.2M	$15.4M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5325	+0.080%	$54.5M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	+0.022%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5331	+0.122%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5318	+0.033%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0142%	1h	1.5324	+0.074%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5317	+0.030%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	+0.067%	$24.1M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5325	+0.080%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5322	+0.060%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5335	+0.146%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5322	+0.061%	$2.0M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5292	−0.137%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0381%	1h	1.5350	+0.244%	$289.2M	$214.8M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	+0.048%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0798%	1h	1.5331	+0.118%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5339	+0.172%	$543K	$773K	10x	as long as short