Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Gate+0.046%7-day average +0.018% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$310.313% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)−0.081%−$8 · spread now +0.046%, 7d avg +0.018%

Together, before fees−0.040%+ Points / potential airdropPacifica: Active · farm board−$4 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 0.029% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5412	0.0100	pay 0.0100% / 8h	2h 08m	$368.1M	$133.9M	100x
Short	Pacifica XRP	1.5419	0.0100	get 0.0013% / 1h	8m 08s	$674K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.046%Rate

Funding earned: $0
Price spread: +0.046% → +0.018%: $2.86
Slippage, 4 orders: −$8.35
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$28.49
Costs to cover: 0.313%
Break-even: never at this rate

Slippage from Gate: 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 Gate live order book, 1 min ago	0.65 bp	11.6 bp −$12	16.7 bp −$167	33.0 bp −$3,303	44.0 bp −$22.0K
Sell Pacifica live order book, 1 min ago	0.97 bp	5.0 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	1.5416	+0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5422	+0.064%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.247%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5415	+0.019%	$9.4M	$24.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5410	−0.011%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.792%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5415	+0.019%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0168%	1h	1.5410	−0.015%	$907K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5414	+0.015%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5415	+0.019%	$446K	$3.1M	20x	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	1.5422	+0.068%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5412	0.000%	$39.3M	$73.3M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5419	+0.046%	$674K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5425	+0.082%	$555.0M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5426	+0.091%	$346.9M	$852.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5423	+0.071%	$126.2M	$847.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	−0.019%	$574K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5423	+0.071%	$119K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.386%	$1.7M	$470K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5412	long leg	$368.1M	$133.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5411	−0.006%	$292.2M	$821.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5412	−0.001%	$112.1M	$149.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5424	+0.078%	$267.3M	$346.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5418	+0.039%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5487	+0.487%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	+0.335%	$671K	$95.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5471	+0.385%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5489	+0.500%	$1.0M	$878K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5416	+0.027%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5416	+0.026%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5412	+0.001%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5410	−0.012%	$830K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5417	+0.036%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5411	−0.006%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5413	+0.006%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5410	−0.013%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	+0.016%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5417	+0.032%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5424	+0.081%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5412	−0.002%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5421	+0.058%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5411	−0.009%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5431	+0.123%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0198%	1h	1.5429	+0.110%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5412	+0.001%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5429	+0.110%	$24.2M	$68.5M	125x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5481	+0.448%	$19K	$66K	7x	as long as short
Kalshi KXXRPPERP	+0.0300%	8h	1.5423	+0.071%	$1.8M	$32.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5426	+0.088%	$405K	$499K	10x	as long as short
Hyperliquid XRP	+0.0508%	1h	1.5440	+0.182%	$284.5M	$190.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0544%	1h	1.5436	+0.158%	$1K	$11K	10x	as long as short