Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: Pacifica against Katana Perps+0.046%57s7-day average +0.049% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Katana Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.031%+$3 on $10k

Price spread, last 7 days+0.011%+$1 · spread now +0.046%, 7d avg +0.049%

Together, before fees+0.042%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps XRP-USD	1.5238	0.0098	pay 0.0098% / 8h	3h 51m	$12K	$338K	20x
Short	Pacifica XRP	1.5245	0.0100	get 0.0013% / 1h	51m 50s	$612K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Katana Perps. 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 Katana PerpsbpFee PacificabpOrdersPrice spread, now +0.046%Rate

Funding earned: $0.42
Price spread: +0.046% → +0.049%: −$0.26
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$11.64
Costs to cover: 0.118%
Break-even: 201.0 days

Slippage unknown: Katana Perps: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Katana Perps no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 2 min ago	0.66 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit

Katana Perps: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5209	−0.190%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	+0.042%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	−0.081%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5226	−0.079%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5219	−0.123%	$14.4M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.113%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0017%	1h	1.5224	−0.095%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5250	+0.079%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	+0.072%	$501K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5229	−0.059%	$62K	$934K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USDlong	+0.0098%	8h	1.5238	long leg	$12K	$338K	20x
Nado XRP-PERP	+0.0100%	1h	1.5243	+0.032%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5255	+0.109%	$38.6M	$84.3M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5245	+0.046%	$612K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5239	+0.005%	$535.6M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5246	+0.053%	$349.1M	$940.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5247	+0.059%	$127.8M	$888.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.420%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5245	+0.046%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.374%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5246	+0.053%	$373.2M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5249	+0.072%	$291.6M	$897.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5264	+0.170%	$109.2M	$176.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5246	+0.053%	$269.8M	$388.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5249	+0.072%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.651%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	−0.470%	$659K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.656%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5184	−0.354%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	−0.088%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5232	−0.039%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5227	−0.072%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5228	−0.069%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	−0.047%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.085%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5233	−0.030%	$49.8M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	−0.079%	$54.3M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5245	+0.044%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5249	+0.074%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5224	−0.093%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5248	+0.066%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5225	−0.085%	$5.6M	$47.5M	50x	as long as short
Hyperliquid XRP	+0.0214%	1h	1.5260	+0.144%	$293.0M	$234.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5232	−0.038%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5200	−0.249%	$24.2M	$76.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0232%	1h	1.5206	−0.208%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5231	−0.046%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0315%	1h	1.5247	+0.059%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5246	+0.052%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.512%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0646%	1h	1.5172	−0.434%	$2K	$15K	10x	as long as short