Funding arb · Price arb /

XRP

all XRP markets

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: OKX against Pacifica−0.053%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.042%−$4 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now −0.053%, 7d avg −0.024%

Together, before fees−0.095%+ Points / potential airdropPacifica: Active · farm board−$10 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: OKX is 0.029% cheaper against Pacifica than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.024%.

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	25m 53s	$667K	$1.1M	20x
Short	OKX XRP-USDT-SWAP	1.5314	0.0100	get 0.0100% / 8h	2h 25m	$123.6M	$831.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → −0.024%: −$2.88
Slippage, 4 orders: −$2.7
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.58
Costs to cover: 0.207%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; OKX: 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, 3 min ago	0.33 bp	4.3 bp −$4	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	0.33 bp	5.8 bp −$6	7.7 bp −$77	17.3 bp −$1,732	33.3 bp −$16.6K

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	1.5320	−0.011%	$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-USD	0.0000%	1h	1.5316	−0.041%	$1.1M	$99K	10x	as long as short
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	1.5322	−0.001%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5324	+0.012%	$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	1.5314	−0.053%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5323	+0.006%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5323	+0.006%	$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	1.5320	−0.016%	$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	1.5312	−0.066%	$547.5M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5314	−0.053%	$343.0M	$835.6M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5314	−0.053%	$123.6M	$831.5M	100x
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	1.5320	−0.014%	$367.4M	$131.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5314	−0.053%	$288.9M	$805.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5311	−0.070%	$113.6M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5315	−0.047%	$266.3M	$339.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5317	−0.034%	—	$3.7M	—	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	1.5318	−0.026%	$825K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5324	+0.015%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5319	−0.020%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5303	−0.123%	$50.4M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5317	−0.034%	$54.8M	$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	1.5312	−0.068%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5317	−0.032%	$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	+0.0151%	1h	1.5332	+0.064%	$1.7M	$924K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5318	−0.030%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5328	+0.038%	$5.4M	$43.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5311	−0.072%	$1.4M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0211%	8h	1.5318	−0.027%	$1.7M	$31.6M	2.9x	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	1.5339	+0.110%	$282.1M	$181.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0530%	1h	1.5253	−0.448%	$1K	$11K	10x	as long as short