Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Pacifica−0.199%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.138%+$14 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.199%, 7d avg −0.003%

Together, before fees+0.251%+ Points / potential airdropPacifica: Active · farm board+$25 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.196% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.199% now, against its 7-day average of −0.003%). If the spread goes back, that is −$20 on $10k: about 5.4 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5616	0.0100	pay 0.0013% / 1h	45m 50s	$642K	$1.1M	20x
Short	BloFin XRP-USDT	1.5585	0.0220	get 0.0220% / 8h	45m 50s	$24.5M	$74.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now −0.199%Rate

Funding earned: $25.2
Price spread: −0.199% → −0.003%: −$19.59
Slippage, 4 orders: −$6.03
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$20.41
Costs to cover: 0.260%
Break-even: 12.7 days

Slippage from Pacifica: live order book, 3 min ago; BloFin: live order book, 3 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 Pacifica live order book, 3 min ago	1.28 bp	5.8 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.96 bp	7.0 bp −$7	8.1 bp −$81	14.2 bp −$1,423	26.7 bp −$13.3K

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	1.5626	+0.064%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5603	−0.083%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5650	+0.218%	$70K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5633	+0.109%	$262K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0106%	1h	1.5631	+0.098%	$860K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5630	+0.090%	$9.7M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5627	+0.072%	$15.7M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5629	+0.083%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.359%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5626	+0.064%	$3.0M	$12.6M	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	1.5624	+0.051%	$445K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5625	+0.061%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5607	−0.060%	$39.7M	$80.0M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5616	long leg	$642K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5606	−0.064%	$558.8M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5603	−0.083%	$347.7M	$914.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5603	−0.083%	$127.5M	$892.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	−0.308%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5629	+0.083%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.110%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5606	−0.064%	$373.0M	$143.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5606	−0.064%	$303.6M	$867.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5608	−0.054%	$113.6M	$163.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5600	−0.103%	$272.8M	$369.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5610	−0.039%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.112%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	−0.148%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	−0.070%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5640	+0.154%	$1.0M	$887K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5616	+0.003%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5630	+0.090%	$49K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5633	+0.111%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5635	+0.122%	$842K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5618	+0.011%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5627	+0.070%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5622	+0.040%	$51.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5625	+0.058%	$55.6M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5620	+0.026%	$487K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5629	+0.083%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5601	−0.098%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5632	+0.099%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5631	+0.096%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5628	+0.079%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5585	−0.199%	$24.5M	$74.5M	125x
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5634	+0.115%	$5.9M	$47.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5570	−0.292%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5636	+0.128%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0396%	1h	1.5629	+0.083%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0625%	1h	1.5637	+0.134%	$298.0M	$208.8M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5640	+0.156%	$510K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0812%	1h	1.5617	+0.004%	$1K	$11K	10x	as long as short