Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Pacifica−0.033%49s7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$220.218% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.045%−$5 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.033%, 7d avg −0.012%

Together, before fees+0.017%+ Points / potential airdropPacifica: Active · farm board+$2 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: OKX is 0.021% cheaper against Pacifica than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.012%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5170	0.0100	pay 0.0013% / 1h	1m 53s	$603K	$1.1M	20x
Short	OKX XRP-USDT-SWAP	1.5165	0.0100	get 0.0100% / 8h	2h 01m	$126.7M	$891.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → −0.012%: −$2.11
Slippage, 4 orders: −$3.78
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$23.89
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Pacifica: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	1.32 bp	5.3 bp −$5	9.1 bp −$91	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	12.3 bp −$1,230	28.1 bp −$14.0K

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	1.5166	−0.026%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5169	−0.007%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5168	−0.012%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	0.000%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5166	−0.024%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.571%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S −0.0020%	1h	1.5167	−0.017%	$800K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5173	+0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	0.000%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5169	−0.006%	$548K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5163	−0.046%	$11K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	−0.043%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5170	0.000%	$38.5M	$87.5M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5170	long leg	$603K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5166	−0.028%	$527.2M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5163	−0.046%	$344.4M	$966.3M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5165	−0.033%	$126.7M	$891.8M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5166	−0.026%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5175	+0.033%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	−0.026%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5168	−0.013%	$374.7M	$162.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5168	−0.013%	$298.6M	$929.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5171	+0.005%	$107.3M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5166	−0.026%	$266.8M	$399.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5168	−0.013%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5166	−0.027%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	−0.069%	$658K	$114.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5163	−0.047%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5159	−0.072%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	+0.010%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5174	+0.027%	$51K	$487K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	−0.022%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5167	−0.020%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	−0.013%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.007%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	−0.013%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.010%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5169	−0.006%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5170	+0.003%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5163	−0.046%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5165	−0.030%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0146%	1h	1.5182	+0.079%	$289.7M	$264.3M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5173	+0.020%	$7.7M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5161	−0.056%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5173	+0.020%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0205%	1h	1.5179	+0.060%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5170	0.000%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5167	−0.021%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5160	−0.066%	$23.3M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5174	+0.028%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0564%	1h	1.5159	−0.074%	$2K	$16K	10x	as long as short