XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%

Price spread now: Deribit against Pacifica−0.011%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Pacifica Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.064%+$6 on $10k

Price spread, last 4 days (all we have)−0.012%−$1 · spread now −0.011%, 7d avg +0.007%

Together, before fees+0.051%+ Points / potential airdropPacifica: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.007%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.064%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5160	0.0100	pay 0.0013% / 1h	15m 30s	$610K	$1.1M	20x
Short	Deribit XRP_USDC-PERPETUAL	1.5158	0	get 0.0000% / 1h	15m 30s	$7.7M	$24.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.011%Rate

Funding earned: −$21
Price spread: −0.011% → +0.007%: −$1.77
Slippage, 4 orders: −$6.74
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$44.51
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Deribit: live order book, 4 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	0.33 bp	4.3 bp −$4	6.8 bp −$68	doesn't fit	doesn't fit
Sell Deribit live order book, 4 min ago	1.32 bp	5.9 bp −$6	8.6 bp −$86	427.6 bp −$42.8K	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	1.5157	−0.017%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5159	−0.001%	$1.1M	$148K	10x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	1.5158	−0.011%	$7.7M	$24.2M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5154	−0.035%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.641%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5153	−0.043%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5159	−0.002%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5162	+0.016%	$604K	$3.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5163	+0.019%	$17K	$78K	7x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5150	−0.064%	$20K	$383K	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	1.5162	+0.019%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5157	−0.017%	$38.5M	$86.5M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5160	long leg	$610K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5156	−0.024%	$528.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	−0.050%	$349.2M	$951.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5154	−0.037%	$127.1M	$863.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5179	+0.128%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5161	+0.009%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.121%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5154	−0.037%	$377.3M	$162.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5156	−0.024%	$307.5M	$927.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5157	−0.017%	$106.5M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	−0.044%	$268.6M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5151	−0.057%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.076%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	+0.006%	$659K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5177	+0.113%	$1.1M	$34.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	+0.141%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5166	+0.042%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5163	+0.022%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5157	−0.016%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5154	−0.037%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5167	+0.046%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5164	+0.031%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5153	−0.044%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5163	+0.021%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	−0.017%	$54.0M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5160	+0.005%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	−0.064%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5162	+0.016%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5154	−0.039%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0106% / S −0.0069%	1h	1.5153	−0.047%	$773K	—	200x	as long as short
Hyperliquid XRP	+0.0141%	1h	1.5171	+0.075%	$289.7M	$268.1M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0168%	1h	1.5162	+0.016%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5173	+0.088%	$1.8M	$34.0M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5163	+0.022%	$5.6M	$48.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5163	+0.022%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5156	−0.022%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5160	+0.005%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.134%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0600%	1h	1.5161	+0.009%	$2K	$16K	10x	as long as short