XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.027%

Price spread now: Pacifica against Coinbase International−0.096%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.096%, 7d avg −0.014%

Together, before fees+0.107%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Pacifica is 0.082% cheaper against Coinbase International than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.014%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5110	0.0216	pay 0.0027% / 1h	41m 29s	$5.6M	$46.4M	50x
Short	Pacifica XRP	1.5095	0.0100	get 0.0013% / 1h	41m 29s	$608K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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 Coinbase InternationalbpFee PacificabpOrdersPrice spread, now −0.096%Rate

Funding earned: −$24.36
Price spread: −0.096% → −0.014%: −$8.2
Slippage, 4 orders: −$8.47
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$59.03
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Pacifica: live order book, 2 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 Coinbase International live order book, 3 min ago	0.33 bp	7.5 bp −$7	9.2 bp −$92	24.3 bp −$2,432	doesn't fit
Sell Pacifica live order book, 2 min ago	0.66 bp	5.6 bp −$6	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	1.5120	+0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5088	−0.148%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	0.000%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5101	−0.058%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0023% / S +0.0064%	1h	1.5100	−0.068%	$828K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.978%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5101	−0.063%	$14.5M	$72.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0069%	8h	1.5109	−0.007%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5110	0.000%	$9.0M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5091	−0.123%	$2.8M	$14.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5094	−0.106%	$516K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5098	−0.079%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5100	−0.063%	$877K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5101	−0.060%	$38.4M	$84.3M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5095	−0.096%	$608K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5102	−0.056%	$534.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5098	−0.079%	$336.5M	$940.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5104	−0.040%	$123.8M	$869.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5121	+0.073%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5110	0.000%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.482%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5099	−0.073%	$367.2M	$150.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5102	−0.053%	$290.1M	$901.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5089	−0.139%	$107.2M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5099	−0.073%	$264.4M	$384.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5103	−0.046%	—	$127.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.299%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.281%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	+0.264%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.351%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5108	−0.013%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5105	−0.033%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5102	−0.053%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5109	−0.004%	$813K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5115	+0.032%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5105	−0.033%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5102	−0.051%	$49.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5102	−0.053%	$53.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5099	−0.076%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5102	−0.054%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5105	−0.031%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5108	−0.013%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5112	+0.013%	$279.8M	$223.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5100	−0.064%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5110	long leg	$5.6M	$46.4M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.549%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5104	−0.041%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5117	+0.046%	$2.1M	$36.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0342%	1h	1.5123	+0.086%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5110	−0.001%	$535K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0803%	1h	1.5154	+0.292%	$2K	$14K	10x	as long as short