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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.087%
Price spread now: Pacifica against Hyperliquid+0.146%7-day average −0.036% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$200.202% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.121%−$12 on $10k
Price spread, last 7 days−0.201%−$20 · spread now +0.146%, 7d avg −0.036%
Together, before fees−0.321%+ Points / potential airdropHyperliquid: Season 2 · Pacifica: Active · farm board−$32 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 0.182% dearer against Hyperliquid than usual: you sell high and buy low, +$18 on $10k if it goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XRP1.50410.0100pay 0.0013% / 1h40m 54s$289.0M$258.7M20x
ShortPacifica XRP1.50630.0100get 0.0013% / 1h40m 54s$604K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Hyperliquid. 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
$0
Price spread: +0.146% → −0.036%
$18.18
Slippage, 4 orders
−$3.22
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$2.04
Costs to cover
0.202%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 13 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 Hyperliquid live order book, 13 min ago0.33 bp4.8 bp −$54.8 bp −$488.8 bp −$878doesn't fit
Sell Pacifica live order book, 3 min ago1.00 bp5.0 bp −$5doesn'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%1h1.5053+0.080%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5044+0.020%$14.2M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.5060+0.126%$1.1M$115K10xas long as short
Phoenix XRP0.0000%1h1.5050+0.060%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5040−0.007%$257K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0016%1h1.5049+0.053%$7.6M$25.7M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.451%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0064%1h1.5057+0.106%$8K$8K10xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5039−0.013%$788K200xas long as short
Lighter XRP+0.0096%1h1.5043+0.013%$2.8M$14.8M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5043+0.013%$495K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5050+0.060%$11K$358K20xas long as short
Nado XRP-PERP+0.0100%1h1.5058+0.111%$895K$6.2M20xas long as short
Hyperliquid XRPlong+0.0100%1h1.5041long leg$289.0M$258.7M20x
Aster XRPUSDT+0.0100%8h1.5019−0.146%$38.5M$86.5M100xas long as short
Pacifica XRPshort+0.0100%1h1.5063+0.146%$604K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5021−0.133%$528.1M$2.19B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5019−0.146%$341.3M$955.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5019−0.146%$124.3M$887.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5055+0.093%$560K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5060+0.126%$136K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5057+0.106%$1.6M$30K20xas long as short
Gate XRP_USDT+0.0100%8h1.5022−0.126%$371.6M$156.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5018−0.153%$286.9M$908.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5020−0.138%$106.1M$179.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5019−0.146%$265.9M$394.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5021−0.133%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5042+0.007%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5058+0.116%$654K$111.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5078+0.245%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5059+0.120%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5056+0.101%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5056+0.100%$49K$491K20xas long as short
Bullet XRP-USD+0.0100%1h1.5040−0.007%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5043+0.013%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5042+0.003%$809K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5049+0.050%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5044+0.020%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5048+0.045%$49.2M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5042+0.007%$53.6M$31.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5060+0.130%$470K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5017−0.157%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5042+0.009%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0124%8h1.5037−0.027%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0163%1h1.5035−0.040%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5047+0.040%$5.6M$48.2M50xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5050+0.063%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5036−0.033%$24.1M$75.9M125xas long as short
Hibachi XRP/USDT-P+0.0232%1h1.5056+0.103%$17K$82K7xas long as short
RISEx XRP/USDC+0.0305%1h1.5060+0.123%$514K$777K10xas long as short
Aftermath Perps XRPUSD+0.0604%1h1.5083+0.283%$2K$15K10xas long as short