Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Pacifica+0.023%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on Pacifica Short on Binance

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)−0.073%−$7 · spread now +0.023%, 7d avg −0.015%

Together, before fees−0.155%+ Points / potential airdropPacifica: Active · farm board−$16 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: Binance is 0.038% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5366	0.0100	pay 0.0013% / 1h	15m 44s	$635K	$1.1M	20x
Short	Binance XRPUSDT	1.5369	0.0100	get 0.0100% / 8h	7h 15m	$543.1M	$2.05B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → −0.015%: $3.82
Slippage, 4 orders: −$3.96
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$18.14
Costs to cover: 0.220%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Binance: live order book, 13 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, 3 min ago	0.98 bp	5.0 bp −$5	8.6 bp −$86	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	12.2 bp −$1,216	28.4 bp −$14.2K

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	1.5322	−0.284%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	−0.019%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5340	−0.168%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0017% / S +0.0075%	1h	1.5340	−0.167%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.265%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5347	−0.121%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5338	−0.180%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5360	−0.037%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5363	−0.017%	$516K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5357	−0.056%	$9K	$280K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5365	−0.006%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	−0.178%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5362	−0.022%	$38.8M	$83.3M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5366	long leg	$635K	$1.1M	20x
Binance XRPUSDTshort	+0.0100%	8h	1.5369	+0.023%	$543.1M	$2.05B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5366	+0.002%	$342.6M	$919.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5360	−0.037%	$124.9M	$868.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	−0.317%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5368	+0.015%	$117K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.593%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5361	−0.030%	$375.1M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5366	+0.002%	$308.3M	$911.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5357	−0.053%	$110.6M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5364	−0.011%	$268.9M	$374.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5361	−0.030%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.218%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5316	−0.320%	$667K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5327	−0.251%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5312	−0.349%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5342	−0.154%	$49K	$444K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5338	−0.179%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5350	−0.100%	$826K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5344	−0.142%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5355	−0.069%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5344	−0.144%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5352	−0.089%	$54.6M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5333	−0.213%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5359	−0.042%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.110%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0206%	1h	1.5355	−0.069%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5336	−0.191%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5323	−0.278%	$24.1M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5360	−0.037%	$5.8M	$46.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5358	−0.051%	$14.6M	$70.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5362	−0.024%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5292	−0.482%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5348	−0.115%	$2.0M	$34.8M	2.9x	as long as short
Hyperliquid XRP	+0.0382%	1h	1.5372	+0.041%	$289.7M	$214.9M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.297%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0793%	1h	1.5332	−0.219%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5363	−0.016%	$543K	$773K	10x	as long as short