XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.030%

Price spread now: dYdX against Pacifica−0.041%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$84as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on Pacifica Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)−0.013%−$1 · spread now −0.041%, 7d avg −0.016%

Together, before fees−0.204%+ Points / potential airdropPacifica: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.025% cheaper against Pacifica than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.016%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5322	0.0100	pay 0.0013% / 1h	26m 27s	$667K	$1.1M	20x
Short	dYdX XRP-USD	1.5316	0	get 0.0000% / 1h	26m 27s	$1.1M	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.041%Rate

Funding earned: −$21
Price spread: −0.041% → −0.016%: −$2.52
Slippage, 4 orders: −$46.77
Fee Pacifica: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$88.29
Costs to cover: 0.648%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; dYdX: live order book, 3 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	0.33 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 3 min ago	19.36 bp	27.3 bp −$27	40.6 bp −$406	86.0 bp −$8,604	126.3 bp −$63.2K

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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5280	−0.273%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5265	−0.373%	$7K	$2K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5316	−0.041%	$1.1M	$99K	10x
Phoenix XRP	0.0000%	1h	1.5250	−0.471%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5281	−0.266%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5301	−0.138%	$9.2M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.210%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5282	−0.262%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5323	+0.007%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5320	−0.014%	$445K	$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	1.5305	−0.109%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5324	+0.012%	$38.9M	$71.6M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5322	long leg	$667K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5313	−0.060%	$547.7M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5314	−0.053%	$343.0M	$835.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5312	−0.066%	$123.6M	$831.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5297	−0.164%	$569K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5315	−0.047%	$114K	$647K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.790%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5311	−0.073%	$364.7M	$130.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	−0.001%	$288.7M	$805.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5320	−0.012%	$113.6M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5312	−0.066%	$266.3M	$339.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5308	−0.092%	—	$113.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.766%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5202	−0.785%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.661%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.771%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5304	−0.119%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5315	−0.047%	$49K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	−0.014%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5285	−0.240%	$823K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5259	−0.410%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5295	−0.177%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5275	−0.310%	$50.3M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5304	−0.118%	$54.7M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5302	−0.129%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5316	−0.040%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5308	−0.093%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5293	−0.193%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5319	−0.020%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0143%	1h	1.5321	−0.007%	$1.7M	$919K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5296	−0.167%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5302	−0.131%	$5.4M	$43.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0208%	8h	1.5297	−0.164%	$1.7M	$31.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5311	−0.072%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5299	−0.151%	$23.9M	$66.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5249	−0.477%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5320	−0.016%	$406K	$496K	10x	as long as short
Hyperliquid XRP	+0.0464%	1h	1.5331	+0.058%	$281.9M	$181.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0530%	1h	1.5253	−0.448%	$1K	$11K	10x	as long as short