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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%
Price spread now: GRVT against Pacifica+0.110%52s7-day average +0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$220.217% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.005%$0 on $10k
Price spread, last 4 days (all we have)+0.181%+$18 · spread now +0.110%, 7d avg +0.003%
Together, before fees+0.186%+ Points / potential airdropPacifica: Active · GRVT: Active · farm board+$19 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: GRVT is 0.108% dearer against Pacifica than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.003%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.53260.0100pay 0.0013% / 1h4m 44s$631K$1.1M20x
ShortGRVT XRP_USDT_Perp1.53430.0100get 0.0100% / 8h4m 44s$1.1M$40.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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
Price spread: +0.110% → +0.003%
$10.76
Slippage, 4 orders
−$4.7
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$10.94
Costs to cover
0.217%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; GRVT: 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 GRVT live order book, 4 min ago0.33 bp4.8 bp −$56.7 bp −$6744.8 bp −$4,481doesn'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%1h1.5278−0.314%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5322−0.029%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5330+0.026%$68K$90K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5290−0.233%$256K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0006% / S +0.0091%1h1.5289−0.243%$838K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5297−0.188%$14.9M$69.8M50xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5291−0.229%$75K$910K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0077%1h1.5301−0.164%$9.3M$25.7M50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+1.526%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5323−0.021%$2.8M$13.8M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5325−0.007%$510K$3.3M20xas long as short
Nado XRP-PERP+0.0100%1h1.5292−0.219%$1.1M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5320−0.037%$38.8M$82.4M100xas long as short
Pacifica XRPlong+0.0100%1h1.5326long leg$631K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5324−0.014%$543.8M$2.06B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5325−0.007%$338.9M$930.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5327+0.006%$125.1M$882.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5264−0.405%$570K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5290−0.235%$115K$705K20xas long as short
Bulk XRP-USD+0.0100%1h1.5333+0.046%$1.7M$570K20xas long as short
Gate XRP_USDT+0.0100%8h1.5316−0.066%$361.0M$149.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5321−0.033%$295.2M$898.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5316−0.064%$108.4M$166.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.53260.000%$267.7M$377.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5318−0.053%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5290−0.233%$8.2M$33.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5317−0.056%$665K$105.7M30xas long as short
GRVT XRP_USDT_Perpshort+0.0100%8h1.5343+0.110%$1.1M$40.3M20x
ApeX Omni XRPUSDT+0.0100%1h1.5301−0.164%$1.0M$901K50xas long as short
Vest XRP-PERP+0.0100%1h1.5292−0.223%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5292−0.222%$46K$456K20xas long as short
Bullet XRP-USD+0.0100%1h1.5290−0.237%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5295−0.201%$823K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5298−0.183%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5298−0.183%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5296−0.193%$50.2M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5298−0.183%$54.5M$29.6M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5323−0.018%$478K$54K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5284−0.274%$11K$270K20xas long as short
Extended XRP-USD+0.0104%1h1.5317−0.062%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5294−0.209%$71K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5291−0.229%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5292−0.225%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5301−0.164%$24.1M$74.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5300−0.170%$5.8M$46.7M50xas long as short
Backpack XRP_USDC_PERP+0.0258%1h1.5307−0.124%$1.7M$1.0M25xas long as short
Hibachi XRP/USDT-P+0.0304%1h1.5294−0.208%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0312%8h1.5279−0.307%$2.0M$34.7M2.9xas long as short
Hyperliquid XRP+0.0560%1h1.5341+0.097%$290.8M$215.5M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5295−0.204%$528K$744K10xas long as short
Aftermath Perps XRPUSD+0.0790%1h1.5324−0.013%$1K$11K10xas long as short