Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bullet against Pacifica−0.180%45s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.180% cheaper against Pacifica than usual: you would sell low and buy high, −$18 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 45 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	1.5232	0.0100	pay 0.0013% / 1h	30m 37s	$663K	$1.0M	20x
Short	Bullet XRP-USD	1.5205	0.0100	get 0.0013% / 1h	30m 37s	$42K	$59K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.180%Rate

Funding earned: $0
Price spread: −0.180% → 0.000%: −$18.01
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$34.01
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Bullet: no order-book sample. Net counts fees only.

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	0.66 bp	5.2 bp −$5	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0210% / S +0.0297%	1h	1.5205	−0.178%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5203	−0.192%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5229	−0.019%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	−0.081%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5213	−0.127%	$9.1M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5205	−0.180%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.379%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5199	−0.219%	$177K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5231	−0.010%	$2.9M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5232	−0.002%	$442K	$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	1.5202	−0.196%	$1.0M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5223	−0.058%	$38.7M	$71.6M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5232	long leg	$663K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5232	−0.002%	$544.8M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5246	+0.090%	$341.4M	$834.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5242	+0.064%	$122.8M	$827.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5194	−0.252%	$566K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5247	+0.096%	$114K	$646K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.205%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5243	+0.070%	$355.9M	$129.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5243	+0.070%	$291.1M	$803.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5229	−0.024%	$112.8M	$146.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5245	+0.083%	$265.3M	$338.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5239	+0.044%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5254	+0.142%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5218	−0.097%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.129%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.173%	$1.0M	$848K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5207	−0.166%	$50K	$474K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5205	−0.180%	$42K	$59K	20x
Derive XRP-PERP	+0.0100%	1h	1.5203	−0.193%	$819K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	−0.145%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5210	−0.146%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5193	−0.255%	$50.0M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5210	−0.146%	$54.4M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5244	+0.077%	$475K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	−0.189%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5235	+0.018%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5242	+0.062%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5207	−0.166%	$71K	$40K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0118%	1h	1.5219	−0.087%	$1.7M	$915K	25x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5241	+0.057%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0171%	1h	1.5211	−0.141%	$15.2M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5216	−0.107%	$5.4M	$43.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0210%	8h	1.5213	−0.127%	$1.7M	$31.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5203	−0.192%	$1.3M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5207	−0.166%	$23.8M	$66.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5209	−0.155%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5245	+0.082%	$404K	$496K	10x	as long as short
Hyperliquid XRP	+0.0448%	1h	1.5240	+0.050%	$279.1M	$180.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0555%	1h	1.5229	−0.022%	$1K	$10K	10x	as long as short