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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Pacifica against gTrade (Gains Network)+0.004%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$284as in the Price arb table
costs, in and out, $10k−$2832.826% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.091%+$9 on $10k
Price spread, last 3 days (all we have)−0.042%−$4 · spread now +0.004%, 7d avg +0.015%
Together, before fees+0.049%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.015%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5250L +0.0003% / S −0.0004%pay 0.0000% / 1h2m 41s$255K150x
ShortPacifica XRP1.52500.0100get 0.0013% / 1h2m 41s$627K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against gTrade (Gains Network). 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
$20.3
Price spread: +0.004% → +0.015%
−$1.05
Slippage, 4 orders
−$264.56
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$263.31
Costs to cover
2.826%
Break-even
97.8 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 6 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 6 min ago130.04 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell Pacifica live order book, 1 min ago1.97 bp6.0 bp −$6doesn't fitdoesn't fitdoesn't fit

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
Hotstuff XRP-PERP−0.0080%1h1.5249−0.004%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5241−0.060%$1.1M$116K10xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5250long leg$255K150x
Deribit XRP_USDC-PERPETUAL+0.0012%1h1.5256+0.042%$9.2M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0019% / S +0.0071%1h1.5245−0.029%$836K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.035%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0065%8h1.5253+0.022%$57K$935K50xas long as short
01 Exchange XRPUSD+0.0072%1h1.5258+0.055%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5259+0.065%$2.8M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5265+0.101%$511K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5245−0.030%$9K$282K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5237−0.082%$475K$55K50xas long as short
Nado XRP-PERP+0.0100%1h1.5252+0.017%$1.0M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5264+0.096%$38.6M$83.4M100xas long as short
Pacifica XRPshort+0.0100%1h1.5250+0.004%$627K$1.1M20x
Binance XRPUSDT+0.0100%8h1.52500.000%$538.8M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5240−0.063%$340.1M$920.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5232−0.115%$123.2M$863.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5215−0.227%$571K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5235−0.096%$114K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5350+0.656%$1.7M$327K20xas long as short
Gate XRP_USDT+0.0100%8h1.5235−0.096%$366.5M$153.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5242−0.050%$300.1M$917.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5255+0.035%$110.4M$167.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5228−0.142%$267.1M$376.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5236−0.089%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5315+0.427%$6.5M$35.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5348+0.646%$666K$106.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5328+0.513%$1.1M$37.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5318+0.449%$1.2M$998K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5254+0.029%$46K$447K20xas long as short
Bullet XRP-USD+0.0100%1h1.5250+0.001%$41K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5256+0.044%$821K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5263+0.085%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5253+0.022%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5251+0.009%$50.0M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5240−0.063%$54.1M$29.5M50xas long as short
Vest XRP-PERP+0.0100%1h1.5264+0.094%$9K10xas long as short
Extended XRP-USD+0.0104%1h1.5229−0.132%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5256+0.042%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5250+0.003%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5232−0.115%$24.0M$73.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5251+0.009%$5.7M$46.4M50xas long as short
Kraken Futures PF_XRPUSD+0.0245%1h1.5246−0.024%$14.4M$70.3M50xas long as short
Backpack XRP_USDC_PERP+0.0302%1h1.5263+0.088%$1.9M$1.3M25xas long as short
Hibachi XRP/USDT-P+0.0312%1h1.5315+0.432%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0323%8h1.5263+0.088%$2.0M$34.7M2.9xas long as short
Hyperliquid XRP+0.0363%1h1.5272+0.147%$287.6M$215.7M20xas long as short
Phoenix XRP+0.0520%1h1.5330+0.527%$68K$110K15xas long as short
RISEx XRP/USDC+0.0828%1h1.5239−0.068%$539K$777K10xas long as short
Aftermath Perps XRPUSD+0.0857%1h1.5325+0.495%$2K$13K10xas long as short