Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Pacifica−0.075%94s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.245% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.136%+$14 on $10k

Price spread, last 4 days (all we have)−0.217%−$22 · spread now −0.075%, 7d avg −0.005%

Together, before fees−0.081%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.071% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.075% now, against its 7-day average of −0.005%). If the spread goes back, that is −$7 on $10k: about 47 hours of funding at the current rate (+$4 a day). The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5155	0.0100	pay 0.0013% / 1h	57m 45s	$608K	$1.1M	20x
Short	BloFin XRP-USDT	1.5144	0.0220	get 0.0220% / 8h	3h 57m	$24.2M	$76.1M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.075%Rate

Funding earned: $25.2
Price spread: −0.075% → −0.005%: −$7.08
Slippage, 4 orders: −$4.53
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$6.4
Costs to cover: 0.245%
Break-even: 8.8 days

Slippage from Pacifica: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago	0.66 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.66 bp	6.7 bp −$7	10.0 bp −$100	14.2 bp −$1,424	25.8 bp −$12.9K

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	1.5138	−0.115%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5153	−0.014%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.036%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5137	−0.122%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.155%	$253K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5134	−0.141%	$14.3M	$73.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.670%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0048% / S +0.0018%	1h	1.5131	−0.161%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0095%	8h	1.5134	−0.141%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5158	+0.015%	$2.8M	$14.6M	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	1.5153	−0.016%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5128	−0.181%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5132	−0.151%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5145	−0.069%	$38.3M	$83.9M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5155	long leg	$608K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5152	−0.022%	$533.0M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	−0.023%	$346.8M	$938.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	−0.009%	$127.7M	$877.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5138	−0.115%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5147	−0.056%	$118K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.273%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5146	−0.062%	$370.1M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5150	−0.036%	$292.4M	$895.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5155	+0.001%	$108.0M	$175.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5146	−0.062%	$268.2M	$386.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5142	−0.089%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	−0.010%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5150	−0.035%	$658K	$108.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5140	−0.101%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5143	−0.082%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5138	−0.118%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	−0.128%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5133	−0.148%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5137	−0.120%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5138	−0.114%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5136	−0.128%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5134	−0.139%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5137	−0.122%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5151	−0.031%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5139	−0.106%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5131	−0.160%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5138	−0.115%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0131%	1h	1.5159	+0.024%	$280.4M	$228.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5141	−0.095%	$5.6M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0191%	1h	1.5151	−0.029%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5142	−0.090%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5130	−0.166%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5144	−0.075%	$24.2M	$76.1M	125x
Kalshi KXXRPPERP	+0.0313%	8h	1.5142	−0.089%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5140	−0.102%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0671%	1h	1.5144	−0.073%	$2K	$15K	10x	as long as short