Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Pacifica−0.021%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$250.248% of the position

Long on Pacifica Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.063%+$6 · spread now −0.021%, 7d avg −0.014%

Together, before fees+0.027%+ Points / potential airdropPacifica: Active · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5212	0.0100	pay 0.0013% / 1h	39m 17s	$662K	$1.0M	20x
Short	Bitget XRPUSDT	1.5209	0.0100	get 0.0100% / 8h	2h 39m	$264.5M	$336.6M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → −0.014%: −$0.63
Slippage, 4 orders: −$4.75
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$25.38
Costs to cover: 0.248%
Break-even: never at this rate

Slippage from Pacifica: live order book, 5 min ago; Bitget: 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	5.3 bp −$5	6.4 bp −$64	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	0.33 bp	6.9 bp −$7	14.1 bp −$141	20.8 bp −$2,078	33.2 bp −$16.6K

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
GMX XRP/USD [ETH-USDC]	L −0.0211% / S +0.0297%	1h	1.5210	−0.015%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5253	+0.269%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5210	−0.014%	$1.1M	$100K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5270	+0.380%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5196	−0.106%	$9.2M	$23.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5211	−0.005%	$255K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.512%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5208	−0.027%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5187	−0.168%	$2.9M	$11.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5188	−0.159%	$441K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5201	−0.076%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5205	−0.046%	$38.7M	$71.7M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5212	long leg	$662K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5193	−0.128%	$543.1M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5209	−0.021%	$340.9M	$832.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5209	−0.021%	$122.3M	$822.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5254	+0.275%	$568K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5209	−0.021%	$115K	$645K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5260	+0.317%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5206	−0.040%	$354.7M	$128.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5211	−0.007%	$290.5M	$798.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5209	−0.023%	$111.2M	$146.0M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5209	−0.021%	$264.5M	$336.6M	125x
BingX XRP-USDC	+0.0100%	8h	1.5210	−0.014%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5263	+0.332%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5261	+0.324%	$663K	$95.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5246	+0.225%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5264	+0.341%	$1.0M	$842K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5208	−0.027%	$52K	$460K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5210	−0.013%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	−0.030%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5213	+0.006%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5181	−0.205%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5184	−0.185%	$50.0M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5191	−0.139%	$54.3M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5206	−0.043%	$474K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5215	+0.022%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5214	+0.012%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5207	−0.036%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5209	−0.024%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0113%	1h	1.5258	+0.301%	$1.7M	$931K	25x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5209	−0.021%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0172%	1h	1.5174	−0.252%	$15.3M	$63.0M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5185	−0.178%	$5.4M	$42.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5205	−0.047%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5195	−0.113%	$23.7M	$65.8M	125x	as long as short
Kalshi KXXRPPERP	+0.0223%	8h	1.5203	−0.060%	$1.7M	$31.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5256	+0.286%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5213	+0.006%	$403K	$498K	10x	as long as short
Hyperliquid XRP	+0.0435%	1h	1.5223	+0.071%	$279.2M	$179.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0508%	1h	1.5238	+0.172%	$1K	$10K	10x	as long as short