Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.028%
Price spread now: Deribit against Pacifica+0.058%7-day average +0.010% · 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−$19as in the Price arb table
costs, in and out, $10k−$230.233% of the position
Funding, last 7 days+0.070%+$7 on $10k
+Price spread, last 3 days (all we have)−0.178%−$18 · spread now +0.058%, 7d avg +0.010%
=Together, before fees−0.108%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Deribit is 0.048% dearer against Pacifica than usual: you sell high and buy low (spread +0.058% now, against its 7-day average of +0.010%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 hours. Mind the row above: over the last 7 days funding on this pair paid +0.070%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica XRP | 1.5594 | 0.0100 | pay 0.0013% / 1h | 37m 12s | $673K | $1.1M | 20x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5603 | 0 | get 0.0000% / 1h | 37m 12s | $9.7M | $25.1M | 50x |
Pacifica XRP
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$21
- Price spread: +0.058% → +0.010%
- $4.81
- Slippage, 4 orders
- −$8.34
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$39.53
- Costs to cover
- 0.233%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 2 min ago; Deribit: live order book, 2 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, 2 min ago | 0.96 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Deribit live order book, 2 min ago | 2.24 bp | 5.7 bp −$6 | 8.1 bp −$81 | 48.3 bp −$4,830 | 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 | 1.5610 | +0.103% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5594 | −0.002% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | 0.0000% | 1h | 1.5603 | +0.058% | $9.7M | $25.1M | 50x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5598 | +0.029% | $261K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.949% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5599 | +0.032% | $15.6M | $68.0M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5601 | +0.045% | $78K | $941K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0133% | 1h | 1.5606 | +0.078% | $919K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5604 | +0.061% | $3.0M | $11.9M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5606 | +0.077% | $458K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5589 | −0.035% | $1.1M | $5.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5600 | +0.038% | $39.6M | $76.6M | 100x | as long as short |
| Pacifica XRPlong | +0.0100% | 1h | 1.5594 | long leg | $673K | $1.1M | 20x | |
| Binance XRPUSDT | +0.0100% | 8h | 1.5607 | +0.080% | $563.4M | $1.94B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5603 | +0.058% | $350.9M | $880.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5602 | +0.051% | $127.5M | $872.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5693 | +0.635% | $584K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5602 | +0.051% | $119K | $729K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5683 | +0.571% | $1.7M | $616K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5602 | +0.051% | $374.6M | $137.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5607 | +0.083% | $295.1M | $837.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5601 | +0.048% | $114.9M | $157.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5601 | +0.045% | $271.5M | $357.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5602 | +0.051% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5690 | +0.614% | $12.0M | $29.9M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5643 | +0.317% | $679K | $99.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5652 | +0.373% | $1.1M | $41.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5645 | +0.327% | $1.0M | $880K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5601 | +0.043% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5593 | −0.006% | $46K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5604 | +0.066% | $42K | $64K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5605 | +0.069% | $840K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5599 | +0.035% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5600 | +0.038% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5582 | −0.074% | $51.2M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5606 | +0.077% | $55.6M | $29.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5592 | −0.011% | $486K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5601 | +0.045% | $12K | $249K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5599 | +0.031% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5601 | +0.045% | $73K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0128% | 1h | 1.5657 | +0.402% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5604 | +0.064% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5587 | −0.047% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5607 | +0.083% | $5.8M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5608 | +0.090% | $24.6M | $73.3M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0298% | 1h | 1.5609 | +0.096% | $1.8M | $976K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0325% | 8h | 1.5614 | +0.128% | $1.9M | $32.3M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5730 | +0.872% | $70K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5608 | +0.090% | $509K | $615K | 10x | as long as short |
| Hyperliquid XRP | +0.0611% | 1h | 1.5615 | +0.135% | $291.2M | $199.5M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0669% | 1h | 1.5648 | +0.345% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
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
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Phoenix XRP
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD