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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Pacifica against Lighter RH+0.009%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$18as in the Price arb table
costs, in and out, $10k−$160.163% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.091%+$9 on $10k
Price spread, last 7 days−0.015%−$1 · spread now +0.009%, 7d avg +0.021%
Together, before fees+0.077%+ Points / potential airdropLighter RH: Points live · Pacifica: Active · farm board+$8 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XRP1.55310.0096pay 0.0012% / 1h3m 25s$629K$3.1M20x
ShortPacifica XRP1.55320.0100get 0.0013% / 1h3m 25s$629K$1.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Lighter RH. 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
$0.84
Price spread: +0.009% → +0.021%
−$1.22
Slippage, 4 orders
−$8.35
Fee Lighter RH: 0 bp × 2 orders
$0
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$16.73
Costs to cover
0.163%
Break-even
146.4 days
Slippage from Lighter RH: live order book, 5 min ago; Pacifica: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 5 min ago2.59 bp3.0 bp −$36.7 bp −$6746.5 bp −$4,650doesn't fit
Sell Pacifica live order book, just now0.32 bp4.9 bp −$5doesn't fitdoesn't fitdoesn't fit

XRP on 50 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
Kraken Futures PF_XRPUSD−0.0168%1h1.5542+0.069%$14.3M$73.7M50xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5529−0.013%$5K$3K20xas long as short
Phoenix XRP0.0000%1h1.5490−0.264%$70K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5536+0.033%$252K150xas long as short
dYdX XRP-USD+0.0005%1h1.5531−0.002%$1.1M$155K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0007%1h1.5545+0.090%$8.1M$22.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+0.187%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0056%1h1.5535+0.029%$18K$78K7xas long as short
01 Exchange XRPUSD+0.0064%1h1.55310.000%$9K$2K10xas long as short
Lighter XRP+0.0096%1h1.5527−0.028%$2.8M$14.8M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRPlong+0.0096%1h1.5531long leg$629K$3.1M20x
Katana Perps XRP-USD+0.0100%8h1.5526−0.032%$20K$378K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5538+0.043%$485K$52K50xas long as short
Nado XRP-PERP+0.0100%1h1.5517−0.087%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5528−0.020%$39.3M$82.8M100xas long as short
Pacifica XRPshort+0.0100%1h1.5532+0.009%$629K$1.0M20x
Binance XRPUSDT+0.0100%8h1.5524−0.047%$542.7M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5527−0.026%$360.8M$906.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5525−0.039%$126.5M$851.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5449−0.528%$567K$40K5xas long as short
Arcus XRP-USD+0.0100%1h1.5537+0.039%$163K$699K20xas long as short
Bulk XRP-USD+0.0100%1h1.5432−0.636%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.55310.000%$390.9M$160.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5523−0.052%$317.7M$941.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5524−0.043%$109.7M$180.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5532+0.006%$275.4M$361.1M125xas long as short
BingX XRP-USDT+0.0100%8h1.5526−0.032%$105.3Mas long as short
Variational Omni XRP+0.0100%8h1.5506−0.161%$4.9M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5483−0.310%$674K$113.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5525−0.038%$1.1M$32.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5485−0.296%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5533+0.011%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5532+0.006%$53K$502K20xas long as short
Bullet XRP-USD+0.0100%1h1.5536+0.033%$42K$66K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5541+0.064%$79K$646K50xas long as short
SunX XRP-USDT+0.0100%8h1.5544+0.084%$130K$1.6M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5539+0.052%$31K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5535+0.025%$50.6M$14.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5537+0.039%$55.2M$33.2M50xas long as short
Extended XRP-USD+0.0104%1h1.5520−0.073%$2.1M$5.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5539+0.055%$60K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0142% / S −0.0108%1h1.5534+0.019%$832K200xas long as short
Coinbase International XRP-PERP-INTX+0.0160%1h1.5541+0.064%$5.4M$46.9M50xas long as short
Kalshi KXXRPPERP+0.0171%8h1.5530−0.006%$1.8M$33.0M2.9xas long as short
Hyperliquid XRP+0.0197%1h1.5551+0.129%$299.8M$265.4M20xas long as short
BloFin XRP-USDT+0.0220%8h1.5514−0.109%$23.9M$79.0M125xas long as short
Reya XRPRUSDPERP+0.0222%1h1.5530−0.006%$1.4M$4K15xas long as short
Backpack XRP_USDC_PERP+0.0241%1h1.5545+0.090%$2.0M$1.3M25xas long as short
RISEx XRP/USDC+0.0337%1h1.5535+0.024%$523K$796K10xas long as short
Aftermath Perps XRPUSD+0.0483%1h1.5459−0.461%$3K$15K10xas long as short