Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%
Price spread now: Extended against Pacifica+0.147%7-day average −0.047% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs+$2as in the Price arb table
costs, in and out, $10k−$170.174% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 4 days (all we have)−0.255%−$26 · spread now +0.147%, 7d avg −0.047%
Together, before fees−0.224%+ Points / potential airdropPacifica: Active · Extended: Active · farm board−$22 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.193% dearer against Pacifica than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.047%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.52720.0100pay 0.0013% / 1h5m 19s$628K$1.1M20x
ShortExtended XRP-USD1.52950.0104get 0.0013% / 1h5m 19s$2.1M$7.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.147% → −0.047%
$19.35
Slippage, 4 orders
−$4.41
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Extended: 2.5 bp × 2 orders
−$5
Net
$2.78
Costs to cover
0.174%
Break-even
from the start
Slippage from Pacifica: live order book, 4 min ago; Extended: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 4 min ago0.98 bp6.5 bp −$77.8 bp −$78doesn't fitdoesn't fit
Sell Extended live order book, 4 min ago0.33 bp3.0 bp −$35.2 bp −$52doesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5278+0.039%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5261−0.071%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5330+0.379%$68K$90K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5290+0.120%$256K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0006% / S +0.0091%1h1.5289+0.110%$838K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5297+0.164%$14.9M$69.8M50xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5291+0.124%$75K$910K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0077%1h1.5301+0.189%$9.3M$25.7M50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+1.885%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5301+0.189%$2.8M$13.8M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5268−0.027%$510K$3.3M20xas long as short
Nado XRP-PERP+0.0100%1h1.5292+0.133%$1.1M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5290+0.117%$38.7M$82.2M100xas long as short
Pacifica XRPlong+0.0100%1h1.5272long leg$628K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5292+0.129%$542.7M$2.06B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5293+0.137%$338.0M$929.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5296+0.156%$124.8M$880.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5264−0.053%$570K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5290+0.117%$115K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5333+0.399%$1.7M$570K20xas long as short
Gate XRP_USDT+0.0100%8h1.5289+0.111%$360.4M$149.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5290+0.117%$294.3M$897.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5290+0.118%$108.3M$166.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5296+0.156%$267.1M$377.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5292+0.130%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5290+0.120%$8.2M$33.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5317+0.297%$665K$105.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5343+0.464%$1.1M$40.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5301+0.189%$1.0M$901K50xas long as short
Vest XRP-PERP+0.0100%1h1.5292+0.130%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5292+0.130%$46K$456K20xas long as short
Bullet XRP-USD+0.0100%1h1.5290+0.115%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5295+0.152%$823K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5298+0.169%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5298+0.169%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5296+0.160%$50.2M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5298+0.169%$54.5M$29.6M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5281+0.058%$476K$54K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5284+0.078%$11K$270K20xas long as short
Extended XRP-USDshort+0.0104%1h1.5295+0.147%$2.1M$7.2M50x
Aevo XRP-PERP+0.0104%1h1.5294+0.143%$71K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5291+0.124%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5292+0.127%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5301+0.189%$24.1M$74.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5300+0.183%$5.8M$46.7M50xas long as short
Backpack XRP_USDC_PERP+0.0259%1h1.5313+0.268%$1.7M$1.0M25xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5294+0.145%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0312%8h1.5279+0.045%$2.0M$34.7M2.9xas long as short
Hyperliquid XRP+0.0559%1h1.5308+0.235%$290.2M$215.5M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5295+0.148%$528K$744K10xas long as short
Aftermath Perps XRPUSD+0.0790%1h1.5324+0.340%$1K$11K10xas long as short