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: Pacifica against Polymarket Perps+0.059%48s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$240.241% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)−1.403%−$140 · spread now +0.059%, 7d avg −0.012%

Together, before fees−1.338%+ Points / potential airdropPacifica: Active · farm board−$134 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: Pacifica is 0.071% dearer against Polymarket Perps than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5240	0.0100	pay 0.0013% / 1h	42m 39s	$50K	$511K	20x
Short	Pacifica XRP	1.5249	0.0100	get 0.0013% / 1h	42m 39s	$615K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Polymarket Perps. 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 Polymarket PerpsbpFee PacificabpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.012%: $7.08
Slippage, 4 orders: −$8.06
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$16.98
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 60 min ago; Pacifica: 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 Polymarket Perps live order book, 60 min ago	1.98 bp	6.6 bp −$7	8.8 bp −$88	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.66 bp	4.7 bp −$5	doesn't fit	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	1.5241	+0.007%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5242	+0.015%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	−0.078%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5232	−0.052%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.100%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5224	−0.104%	$14.5M	$73.7M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5251	+0.071%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5252	+0.079%	$602K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5229	−0.072%	$10K	$372K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0099% / S −0.0058%	1h	1.5233	−0.046%	$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	1.5237	−0.016%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5247	+0.044%	$38.7M	$87.0M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5249	+0.059%	$615K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5247	+0.046%	$533.8M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5247	+0.046%	$350.9M	$957.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5245	+0.033%	$128.0M	$877.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5226	−0.092%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5253	+0.085%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5191	−0.325%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5222	−0.118%	$379.0M	$160.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5249	+0.059%	$316.8M	$919.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5246	+0.039%	$107.4M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5244	+0.026%	$269.6M	$392.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5246	+0.039%	—	$107.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5239	−0.010%	$4.9M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5231	−0.062%	$662K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5252	+0.076%	$1.1M	$35.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5249	+0.059%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5242	+0.013%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5240	long leg	$50K	$511K	20x
Bullet XRP-USD	+0.0100%	1h	1.5234	−0.039%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5231	−0.059%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5233	−0.049%	$819K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5234	−0.037%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5227	−0.085%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5239	−0.007%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5229	−0.072%	$54.4M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5250	+0.067%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5222	−0.116%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5228	−0.080%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5244	+0.026%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5243	+0.018%	$17K	$78K	7x	as long as short
Hyperliquid XRP	+0.0166%	1h	1.5239	−0.007%	$290.7M	$268.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5233	−0.046%	$5.6M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5237	−0.020%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0204%	8h	1.5237	−0.020%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5234	−0.040%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5227	−0.085%	$23.7M	$78.0M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5241	+0.004%	$529K	$804K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5260	+0.131%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0643%	1h	1.5230	−0.063%	$2K	$16K	10x	as long as short