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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Pacifica−0.102%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$289as in the Price arb table
costs, in and out, $10k−$2802.799% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.095%−$9 on $10k
Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.102%, 7d avg −0.016%
Together, before fees+0.043%+ Points / potential airdropPacifica: Active · farm board+$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.086% cheaper against Pacifica than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.016%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.51810.0100pay 0.0013% / 1h39m 48s$609K$1.1M20x
ShortgTrade (Gains Network) XRP/USD1.5165L +0.0003% / S −0.0004%get 0.0001% / 1h39m 48s$253K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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
−$20.13
Price spread: −0.102% → −0.016%
−$8.62
Slippage, 4 orders
−$261.92
Fee Pacifica: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$308.68
Costs to cover
2.799%
Break-even
never at this rate
Slippage from Pacifica: live order book, 4 min ago; gTrade (Gains Network): virtual book (oracle venue), 19 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, 4 min ago0.33 bp4.9 bp −$5doesn't fitdoesn't fitdoesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 19 min ago130.03 bp135.0 bp −$135193.2 bp −$1,9321958.1 bp −$195.8Kdoesn'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%1h1.5179−0.010%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5162−0.125%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5155−0.167%$1.1M$114K10xas long as short
Phoenix XRP0.0000%1h1.5150−0.201%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDshortL +0.0003% / S −0.0004%1h1.5165−0.102%$253K150x
Injective XRP/USDC PERP+0.0033%1h1.5560+2.500%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0039% / S +0.0030%1h1.5168−0.085%$789K200xas long as short
01 Exchange XRPUSD+0.0064%1h1.5184+0.023%$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.0080%8h1.5168−0.083%$62K$935K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5170−0.069%$7.7M$25.6M50xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter XRP+0.0096%1h1.5165−0.106%$2.8M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5163−0.116%$510K$3.3M20xas long as short
Katana Perps XRP-USD+0.0097%8h1.5171−0.063%$10K$321K20xas long as short
Nado XRP-PERP+0.0100%1h1.5177−0.020%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5172−0.056%$281.7M$225.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5163−0.113%$38.4M$83.2M100xas long as short
Pacifica XRPlong+0.0100%1h1.5181long leg$609K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5157−0.156%$534.0M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5147−0.221%$344.6M$931.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5147−0.221%$126.1M$874.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5133−0.313%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5121−0.392%$113K$717K20xas long as short
Bulk XRP-USD+0.0100%1h1.5146−0.229%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5163−0.116%$370.3M$153.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5161−0.129%$289.7M$897.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5155−0.165%$108.0M$173.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5163−0.116%$268.0M$384.0M125xas long as short
BingX XRP-USDT+0.0100%8h1.5164−0.109%$126.7Mas long as short
Variational Omni XRP+0.0100%8h1.5148−0.216%$5.4M$37.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5151−0.193%$658K$108.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5138−0.280%$1.1M$35.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5142−0.254%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5171−0.062%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5178−0.017%$43K$452K20xas long as short
Bullet XRP-USD+0.0100%1h1.5170−0.069%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5170−0.071%$816K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5169−0.073%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5166−0.096%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5159−0.145%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5159−0.142%$54.1M$30.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5178−0.014%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5158−0.151%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5170−0.072%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0168%1h1.5149−0.207%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0170%1h1.5170−0.069%$1.9M$1.3M25xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5174−0.043%$5.6M$47.2M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5171−0.063%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5159−0.142%$24.2M$76.1M125xas long as short
Kalshi KXXRPPERP+0.0316%8h1.5174−0.043%$2.1M$34.4M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5184+0.023%$517K$780K10xas long as short
Aftermath Perps XRPUSD+0.0665%1h1.5154−0.175%$2K$15K10xas long as short