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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0109%/8h= −11.9% APRnext payment $0.14 per $10,000 · paid last 24h −0.092%
Price spread now: GMX against Pacifica+0.015%7-day average +0.010% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.247%−$25 on $10k
Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.015%, 7d avg +0.010%
Together, before fees−0.219%+ Points / potential airdropPacifica: Active · farm board−$22 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.010%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.51810.0100pay 0.0013% / 1h19m 54s$609K$1.1M20x
ShortGMX XRP/USD [ETH-USDC]1.5184L +0.0054% / S +0.0009%pay 0.0001% / 1h19m 54s$779K200x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
−$22.92
Price spread: +0.015% → +0.010%
$0.48
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee GMX: 6 bp × 2 orders
−$12
Net
−$42.44
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 4 min ago; GMX: no order-book sample. Net counts fees only.

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 GMX no order-book sample
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h1.5188+0.044%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5179−0.016%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5184+0.018%$259K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5186+0.031%$7.8M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5181−0.002%$14.5M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.495%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]shortL +0.0054% / S +0.0009%1h1.5184+0.015%$779K200x
Lighter XRP+0.0096%1h1.5178−0.020%$2.9M$14.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5182+0.005%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5178−0.021%$9K$350K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5185+0.028%$985K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5171−0.065%$38.7M$85.6M100xas long as short
Pacifica XRPlong+0.0100%1h1.5181long leg$609K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5171−0.070%$535.7M$2.16B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5172−0.061%$345.2M$945.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5172−0.061%$126.5M$883.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5187+0.038%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5190+0.058%$138K$720K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164−0.110%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5172−0.061%$372.8M$156.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5173−0.054%$295.6M$906.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5176−0.035%$109.4M$177.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5175−0.041%$269.5M$390.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5173−0.054%$127.9Mas long as short
Variational Omni XRP+0.0100%8h1.5187+0.037%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5162−0.126%$658K$110.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5166−0.103%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5170−0.074%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5182+0.003%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5186+0.031%$46K$478K20xas long as short
Bullet XRP-USD+0.0100%1h1.5183+0.012%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5185+0.025%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5186+0.030%$817K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5184+0.019%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5184+0.018%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5186+0.028%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5180−0.008%$54.0M$31.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5189+0.052%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5173−0.052%$2.0M$6.7M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5183+0.010%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5190+0.058%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5188+0.044%$5.8M$48.0M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5182+0.006%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5181−0.002%$24.2M$75.8M125xas long as short
Backpack XRP_USDC_PERP+0.0256%1h1.5184+0.018%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0272%1h1.5191+0.061%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0277%8h1.5186+0.031%$1.9M$35.2M2.9xas long as short
RISEx XRP/USDC+0.0358%1h1.5187+0.036%$517K$776K10xas long as short
Hyperliquid XRP+0.0412%1h1.5185+0.025%$298.6M$251.0M20xas long as short
Phoenix XRP+0.0528%1h1.5190+0.058%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0644%1h1.5187+0.035%$2K$15K10xas long as short