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% APRpaid last 24h 0.000%

Price spread now: Gate against Pacifica−0.127%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on Pacifica Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)+0.276%+$28 · spread now −0.127%, 7d avg −0.018%

Together, before fees+0.235%+ Points / potential airdropPacifica: Active · farm board+$23 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: Gate is 0.110% cheaper against Pacifica than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5291	0.0100	pay 0.0013% / 1h	52m 47s	$673K	$1.0M	20x
Short	Gate XRP_USDT	1.5272	0.0100	get 0.0100% / 8h	2h 52m	$355.0M	$128.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.018%: −$10.96
Slippage, 4 orders: −$9.82
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$43.78
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from Pacifica: live order book, 1 min ago; Gate: live order book, 1 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	0.65 bp	5.2 bp −$5	7.8 bp −$78	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.33 bp	11.6 bp −$12	15.6 bp −$156	27.8 bp −$2,782	37.7 bp −$18.8K

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 −0.0211% / S +0.0297%	1h	1.5295	+0.021%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5285	−0.042%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5280	−0.078%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5300	+0.056%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5292	+0.003%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5295	+0.021%	$256K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.010%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5283	−0.056%	$180K	$785K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5275	−0.109%	$3.0M	$11.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5284	−0.049%	$444K	$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	1.5294	+0.020%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5278	−0.090%	$38.9M	$71.1M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5291	long leg	$673K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5273	−0.122%	$546.8M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5273	−0.121%	$344.3M	$829.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5268	−0.154%	$123.5M	$825.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5277	−0.095%	$569K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5306	+0.095%	$115K	$643K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.149%	$1.6M	$344K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5272	−0.127%	$355.0M	$128.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5271	−0.134%	$298.9M	$784.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5282	−0.061%	$112.2M	$145.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5277	−0.095%	$266.0M	$336.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5270	−0.141%	—	$112.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5294	+0.016%	$1.7M	$914K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5304	+0.085%	$6.4M	$24.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5314	+0.148%	$666K	$94.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5308	+0.108%	$1.1M	$42.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5293	+0.010%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5302	+0.068%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5305	+0.088%	$52K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5297	+0.036%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5289	−0.014%	$823K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5296	+0.030%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5287	−0.029%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5282	−0.061%	$50.3M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5287	−0.029%	$54.6M	$27.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5298	+0.041%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5303	+0.075%	$11K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5281	−0.069%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5291	−0.004%	$71K	$40K	3x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5288	−0.023%	$15.3M	$62.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5299	+0.049%	$5.3M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0202%	8h	1.5300	+0.056%	$1.7M	$32.0M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5301	+0.062%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5286	−0.036%	$24.0M	$65.6M	125x	as long as short
01 Exchange XRPUSD	+0.0224%	1h	1.5323	+0.206%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5290	−0.008%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5310	+0.120%	$405K	$503K	10x	as long as short
Hyperliquid XRP	+0.0441%	1h	1.5296	+0.029%	$285.3M	$173.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0549%	1h	1.5310	+0.122%	$1K	$10K	10x	as long as short