Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Pacifica against MEXC+0.147%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs+$2as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on MEXC Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.082%+$8 on $10k

Price spread, last 4 days (all we have)−0.146%−$15 · spread now +0.147%, 7d avg +0.016%

Together, before fees−0.064%+ Points / potential airdropPacifica: Active · farm board−$6 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 0.131% dearer against MEXC than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5599	0.0100	pay 0.0100% / 8h	50m 38s	$303.7M	$863.4M	300x
Short	Pacifica XRP	1.5622	0.0100	get 0.0013% / 1h	50m 38s	$643K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against MEXC. 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 MEXCbpFee PacificabpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.016%: $13.1
Slippage, 4 orders: −$3.58
Fee MEXC: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $1.52
Costs to cover: 0.116%
Break-even: from the start

Slippage from MEXC: live order book, 4 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy MEXC live order book, 4 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	5.9 bp −$591	25.4 bp −$12.7K
Sell Pacifica live order book, 3 min ago	0.64 bp	4.6 bp −$5	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	1.5658	+0.378%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5606	+0.045%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5690	+0.583%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5633	+0.218%	$9.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5633	+0.219%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0004% / S +0.0107%	1h	1.5633	+0.215%	$860K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5634	+0.225%	$15.7M	$68.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5632	+0.212%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.250%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5622	+0.147%	$3.0M	$12.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5638	+0.250%	$446K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5638	+0.253%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5632	+0.213%	$39.7M	$79.9M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5622	+0.147%	$643K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5615	+0.102%	$560.2M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5595	−0.026%	$348.0M	$913.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5595	−0.026%	$127.9M	$889.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5650	+0.327%	$582K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5604	+0.032%	$117K	$753K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.219%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5632	+0.212%	$374.0M	$142.9M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5599	long leg	$303.7M	$863.4M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5633	+0.221%	$113.7M	$162.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5595	−0.026%	$272.5M	$369.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5597	−0.013%	—	$120.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5607	+0.054%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5645	+0.296%	$679K	$102.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5674	+0.483%	$1.1M	$41.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5691	+0.590%	$1.0M	$887K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5644	+0.289%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5639	+0.256%	$45K	$451K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5635	+0.230%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5632	+0.214%	$841K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5634	+0.225%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5632	+0.212%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5631	+0.205%	$51.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5630	+0.199%	$55.6M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5632	+0.209%	$487K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5658	+0.378%	$13K	$264K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5592	−0.048%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5637	+0.241%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5659	+0.385%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5633	+0.216%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5625	+0.167%	$24.4M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5641	+0.269%	$5.9M	$48.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5671	+0.462%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5659	+0.385%	$2.0M	$33.6M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0399%	1h	1.5633	+0.218%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0601%	1h	1.5653	+0.346%	$297.7M	$207.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5617	+0.117%	$509K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0777%	1h	1.5637	+0.245%	$1K	$11K	10x	as long as short