Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h +0.024%
Price spread now: Backpack against Pacifica+0.037%7-day average −0.067% · you sell dearer than you buy
Net, funding: paid 7d − costs−$16as in the Funding arb table
Net, price: spread back to 7d avg − costs−$11as in the Price arb table
costs, in and out, $10k−$220.218% of the position
Funding, last 7 days+0.057%+$6 on $10k
+Price spread, last 7 days−0.456%−$46 · spread now +0.037%, 7d avg −0.067%
=Together, before fees−0.399%+ Points / potential airdropPacifica: Active · farm board−$40 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Backpack is 0.104% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of −0.067%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XRP | 1.5163 | 0.0100 | pay 0.0013% / 1h | 54m 06s | $608K | $1.1M | 20x |
| Short | Backpack XRP_USDC_PERP | 1.5169 | 0.0200 | get 0.0025% / 1h | 54m 06s | $1.9M | $1.3M | 25x |
Pacifica XRP
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Pacifica. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $20.99
- Price spread: +0.037% → −0.067%
- $10.41
- Slippage, 4 orders
- −$3.8
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $9.61
- Costs to cover
- 0.218%
- Break-even
- 3.8 days
Slippage from Pacifica: live order book, 5 min ago; Backpack: live order book, 5 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 Pacifica live order book, 5 min ago | 0.33 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.33 bp | 6.0 bp −$6 | 8.3 bp −$83 | 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 | 1.5159 | −0.029% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5159 | −0.031% | $14.3M | $73.5M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5158 | −0.036% | $1.1M | $114K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5157 | −0.042% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5160 | −0.022% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.616% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0036% / S +0.0034% | 1h | 1.5156 | −0.048% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0048% | 1h | 1.5156 | −0.048% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0078% | 8h | 1.5151 | −0.081% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5158 | −0.037% | $2.8M | $14.5M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5163 | −0.002% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5144 | −0.128% | $9K | $314K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5162 | −0.006% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5172 | +0.057% | $281.9M | $224.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5161 | −0.017% | $38.3M | $83.2M | 100x | as long as short |
| Pacifica XRPlong | +0.0100% | 1h | 1.5163 | long leg | $608K | $1.1M | 20x | |
| Binance XRPUSDT | +0.0100% | 8h | 1.5160 | −0.023% | $534.4M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5157 | −0.042% | $345.2M | $930.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5158 | −0.035% | $125.9M | $873.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5155 | −0.055% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5159 | −0.029% | $113K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | +0.006% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5160 | −0.022% | $369.0M | $152.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5162 | −0.009% | $295.4M | $893.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5161 | −0.015% | $108.4M | $172.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5154 | −0.062% | $268.0M | $382.7M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5159 | −0.029% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5167 | +0.024% | $5.5M | $37.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5119 | −0.294% | $657K | $108.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5161 | −0.015% | $1.1M | $35.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5114 | −0.325% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | −0.008% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5161 | −0.015% | $42K | $451K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5155 | −0.052% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5153 | −0.067% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5166 | +0.016% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5159 | −0.029% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5159 | −0.028% | $49.6M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5162 | −0.009% | $54.0M | $30.4M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5154 | −0.064% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5151 | −0.080% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5155 | −0.054% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0176% | 1h | 1.5164 | +0.007% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5158 | −0.035% | $5.6M | $47.0M | 50x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0200% | 1h | 1.5169 | +0.037% | $1.9M | $1.3M | 25x | |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5161 | −0.015% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5165 | +0.011% | $24.3M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0328% | 8h | 1.5164 | +0.004% | $2.1M | $34.4M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5160 | −0.022% | $516K | $780K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5170 | +0.044% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0651% | 1h | 1.5165 | +0.010% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD