Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Pacifica+0.051%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$200.196% of the position

Long on Pacifica Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.051%, 7d avg −0.024%

Together, before fees−0.119%+ Points / potential airdropPacifica: Active · farm board−$12 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: SoDEX is 0.075% dearer against Pacifica than usual: you sell high and buy low, +$7 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	1.5228	0.0100	pay 0.0013% / 1h	40m 31s	$614K	$1.1M	20x
Short	SoDEX XRP-USD	1.5236	0.0100	get 0.0013% / 1h	40m 31s	$29K	$1.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0
Price spread: +0.051% → −0.024%: $7.48
Slippage, 4 orders: −$3.56
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$12.08
Costs to cover: 0.196%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; SoDEX: 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	0.66 bp	5.6 bp −$6	7.4 bp −$74	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.66 bp	4.7 bp −$5	7.3 bp −$73	doesn't fit	doesn't fit

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5226	−0.014%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5233	+0.035%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5237	+0.058%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5240	+0.077%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.179%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5231	+0.021%	$14.6M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5227	−0.005%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5227	−0.008%	$601K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5214	−0.093%	$12K	$372K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0100% / S −0.0059%	1h	1.5237	+0.057%	$786K	—	200x	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	1.5223	−0.034%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5221	−0.045%	$38.6M	$86.9M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5228	long leg	$614K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5214	−0.093%	$532.9M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5215	−0.087%	$350.4M	$956.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5216	−0.080%	$128.3M	$875.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5224	−0.028%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5227	−0.008%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.247%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5220	−0.054%	$379.5M	$160.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5225	−0.021%	$314.8M	$920.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5227	−0.008%	$107.1M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5216	−0.080%	$269.0M	$391.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5225	−0.021%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	−0.018%	$5.0M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5232	+0.024%	$663K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.154%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	+0.137%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5227	−0.006%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5220	−0.054%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5232	+0.025%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5233	+0.032%	$78K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5236	+0.051%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5243	+0.094%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5236	+0.051%	$29K	$1.6M	10x
HTX XRP-USDT	+0.0100%	8h	1.5238	+0.064%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5233	+0.032%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5230	+0.009%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5214	−0.091%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5234	+0.041%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5220	−0.054%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5250	+0.141%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0149%	1h	1.5233	+0.032%	$290.6M	$268.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5241	+0.084%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0178%	1h	1.5246	+0.117%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0201%	8h	1.5242	+0.091%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5228	−0.001%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5238	+0.064%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5221	−0.047%	$524K	$806K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5260	+0.209%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0647%	1h	1.5237	+0.058%	$2K	$16K	10x	as long as short