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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.033%
Price spread now: Reya against Pacifica+0.009%7-day average −0.036% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.117%+$12 on $10k
Price spread, last 7 days−0.017%−$2 · spread now +0.009%, 7d avg −0.036%
Together, before fees+0.100%+ Points / potential airdropPacifica: Active · Reya: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Reya is 0.045% dearer against Pacifica than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.036%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.51630.0100pay 0.0013% / 1h55m 13s$610K$1.1M20x
ShortReya XRPRUSDPERP1.51650.0221get 0.0028% / 1h55m 13s$1.3M$4K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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
$25.33
Price spread: +0.009% → −0.036%
$4.47
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Reya: 3 bp × 2 orders
−$6
Net
$15.8
Costs to cover
0.140%
Break-even
2.6 days
Slippage unknown: Pacifica: live order book, 4 min ago; Reya: no order-book sample. Net counts fees only.

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 ago0.33 bp5.5 bp −$57.4 bp −$74doesn't fitdoesn't fit
Sell Reya no order-book sample
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_XRPUSD−0.0172%1h1.5184+0.138%$14.3M$74.4M50xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5188+0.163%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5157−0.039%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5169+0.037%$246K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5173+0.064%$7.7M$23.9M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.616%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0072%1h1.5205+0.272%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5181+0.114%$2.8M$14.5M20xas long as short
Lighter RH XRP+0.0096%1h1.5188+0.163%$606K$3.1M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5158−0.035%$20K$382K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5164+0.008%$995K$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5186+0.150%$38.5M$86.0M100xas long as short
Pacifica XRPlong+0.0100%1h1.5163long leg$610K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5173+0.063%$529.3M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5190+0.176%$352.6M$949.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5165+0.011%$126.6M$862.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5203+0.262%$565K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5172+0.057%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.173%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5171+0.051%$377.9M$151.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5170+0.044%$312.6M$910.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5163−0.005%$106.3M$183.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5168+0.031%$268.9M$388.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5172+0.057%$108.2Mas long as short
Variational Omni XRP+0.0100%8h1.5181+0.117%$4.8M$38.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5193+0.193%$660K$112.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5189+0.167%$1.1M$33.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5173+0.064%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5177+0.090%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5167+0.024%$52K$514K20xas long as short
Bullet XRP-USD+0.0100%1h1.5173+0.064%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5168+0.031%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5206+0.285%$818K$77K10xas long as short
SunX XRP-USDT+0.0100%8h1.5169+0.034%$127K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5179+0.104%$28K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5188+0.164%$49.6M$15.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5190+0.176%$54.1M$32.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5168+0.030%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5163−0.002%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5168+0.028%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0112% / S −0.0075%1h1.5172+0.055%$786K200xas long as short
01 Exchange XRPUSD+0.0120%1h1.5165+0.011%$8K$2K10xas long as short
Coinbase International XRP-PERP-INTX+0.0160%1h1.5186+0.150%$5.6M$48.0M50xas long as short
Kalshi KXXRPPERP+0.0163%8h1.5175+0.077%$1.7M$33.6M2.9xas long as short
Hyperliquid XRP+0.0187%1h1.5179+0.104%$289.8M$268.4M20xas long as short
BloFin XRP-USDT+0.0220%8h1.5190+0.176%$23.9M$77.8M125xas long as short
Reya XRPRUSDPERPshort+0.0221%1h1.5165+0.009%$1.3M$4K15x
Backpack XRP_USDC_PERP+0.0296%1h1.5191+0.183%$2.0M$1.4M25xas long as short
RISEx XRP/USDC+0.0337%1h1.5167+0.027%$520K$796K10xas long as short
Phoenix XRP+0.0526%1h1.5180+0.110%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0553%1h1.5181+0.117%$2K$16K10xas long as short