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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Pacifica+0.027%7-day average −0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.053%−$5 on $10k
Price spread, last 7 days+0.008%+$1 · spread now +0.027%, 7d avg −0.013%
Together, before fees−0.045%+ Points / potential airdropPacifica: Active · farm board−$5 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: Bybit is 0.040% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.013%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.53810.0100pay 0.0013% / 1h57m 17s$595K$1.0M20x
ShortBybit XRPUSDT1.53850.0100get 0.0100% / 8h5h 57m$364.8M$893.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$0
Price spread: +0.027% → −0.013%
$3.97
Slippage, 4 orders
−$5.06
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$20.1
Costs to cover
0.241%
Break-even
never at this rate
Slippage from Pacifica: live order book, 5 min ago; Bybit: live order book, 5 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 Pacifica live order book, 5 min ago0.65 bp5.6 bp −$67.7 bp −$77doesn't fitdoesn't fit
Sell Bybit live order book, 5 min ago0.32 bp6.5 bp −$68.1 bp −$8114.8 bp −$1,47827.0 bp −$13.5K

XRP on 50 exchanges

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%1h1.5403+0.144%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5386+0.035%$14.1M$72.0M50xas long as short
dYdX XRP-USD0.0000%1h1.5385+0.027%$1.1M$155K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5387+0.040%$7.9M$21.7M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5383+0.012%$246K150xas long as short
01 Exchange XRPUSD+0.0016%1h1.5376−0.032%$9K$98710xas long as short
SoDEX XRP-USD+0.0025%1h1.5383+0.014%$30K$1.5M10xas long as short
Ondo Perps XRP-USD.P+0.0026%1h1.5389+0.053%$565K$37K5xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.165%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5385+0.025%$2.8M$14.0M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5390+0.059%$602K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5384+0.022%$480K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5373−0.051%$9K$400K20xas long as short
Nado XRP-PERP+0.0100%1h1.5375−0.035%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5389+0.053%$299.9M$267.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5384+0.020%$39.4M$81.8M100xas long as short
Pacifica XRPlong+0.0100%1h1.5381long leg$595K$1.0M20x
Binance XRPUSDT+0.0100%8h1.5383+0.014%$536.4M$2.09B100xas long as short
Bybit XRPUSDTshort+0.0100%8h1.5385+0.027%$364.8M$893.7M100x
OKX XRP-USDT-SWAP+0.0100%8h1.5383+0.014%$125.1M$841.3M100xas long as short
Arcus XRP-USD+0.0100%1h1.5382+0.007%$165K$684K20xas long as short
Gate XRP_USDT+0.0100%8h1.5384+0.020%$383.5M$155.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5383+0.014%$311.0M$885.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5385+0.026%$107.0M$181.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5383+0.014%$272.9M$358.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5384+0.020%$103.4Mas long as short
Variational Omni XRP+0.0100%8h1.5390+0.059%$5.0M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5392+0.075%$669K$110.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5411+0.196%$1.1M$31.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5406+0.163%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5384+0.021%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5378−0.019%$53K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5384+0.019%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5384+0.020%$84K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5388+0.046%$129K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5378−0.019%$50.1M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5386+0.033%$54.8M$33.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5369−0.076%$1.6M$25K20xas long as short
Extended XRP-USD+0.0104%1h1.5379−0.010%$2.2M$6.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5377−0.022%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5388+0.046%$5.5M$44.8M50xas long as short
Hibachi XRP/USDT-P+0.0120%1h1.5387+0.043%$17K$76K7xas long as short
Backpack XRP_USDC_PERP+0.0120%1h1.5390+0.059%$2.0M$1.2M25xas long as short
Kalshi KXXRPPERP+0.0142%8h1.5387+0.040%$1.9M$34.9M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0170% / S −0.0372%1h1.5385+0.026%$610K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5380−0.006%$23.9M$78.8M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5375−0.040%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5391+0.068%$514K$777K10xas long as short
Aftermath Perps XRPUSD+0.0438%1h1.5399+0.121%$3K$14K10xas long as short
Phoenix XRP+0.0516%1h1.5390+0.059%$69K$108K15xas long as short