Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX+0.161%7-day average +0.019% · 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−$6as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on SoDEX Short on Pacifica

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)+0.096%+$10 · spread now +0.161%, 7d avg +0.019%

Together, before fees+0.103%+ 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: Pacifica is 0.142% dearer against SoDEX than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5140	0.0100	pay 0.0013% / 1h	43m 08s	$29K	$1.7M	10x
Short	Pacifica XRP	1.5164	0.0100	get 0.0013% / 1h	43m 08s	$608K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now +0.161%Rate

Funding earned: $0
Price spread: +0.161% → +0.019%: $14.18
Slippage, 4 orders: −$3.84
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$5.66
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from SoDEX: live order book, 1 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 SoDEX live order book, 1 min ago	0.99 bp	5.0 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit
Sell Pacifica live order book, 1 min ago	0.33 bp	5.0 bp −$5	7.7 bp −$77	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	1.5162	+0.145%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5137	−0.018%	$14.3M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5163	+0.150%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	0.000%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5140	0.000%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	+0.046%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.774%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0031%	1h	1.5146	+0.040%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5154	+0.092%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5136	−0.026%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5141	+0.006%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5142	+0.013%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5146	+0.040%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.043%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5149	+0.059%	$281.4M	$225.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5148	+0.055%	$38.3M	$83.2M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5164	+0.161%	$608K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5139	−0.007%	$533.1M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5140	0.000%	$344.6M	$931.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5147	+0.046%	$125.8M	$874.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.046%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5115	−0.165%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.038%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5141	+0.007%	$369.8M	$153.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5141	+0.007%	$298.4M	$896.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5138	−0.016%	$107.9M	$173.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5146	+0.040%	$268.0M	$383.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5146	+0.040%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.075%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.180%	$656K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.013%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	+0.013%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	+0.070%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5152	+0.079%	$43K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5145	+0.035%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5136	−0.029%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5140	long leg	$29K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5155	+0.097%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	+0.007%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5159	+0.124%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5134	−0.043%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.020%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5165	+0.164%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0172%	1h	1.5147	+0.046%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5141	+0.007%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5143	+0.018%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	−0.013%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5152	+0.079%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5156	+0.103%	$516K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5146	+0.039%	$2K	$15K	10x	as long as short