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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Pacifica against Phemex+0.002%7-day average +0.013% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$40as in the Price arb table
costs, in and out, $10k−$390.390% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.052%+$5 on $10k
Price spread, last 4 days (all we have)+0.060%+$6 · spread now +0.002%, 7d avg +0.013%
Together, before fees+0.111%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XRPUSDT1.51690.0100pay 0.0100% / 8h36m 42s$54.2M$32.7M50x
ShortPacifica XRP1.51690.0100get 0.0013% / 1h36m 42s$612K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Phemex. 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: +0.002% → +0.013%
−$1.18
Slippage, 4 orders
−$19.01
Fee Phemex: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$40.19
Costs to cover
0.390%
Break-even
never at this rate
Slippage from Phemex: live order book, 2 min ago; Pacifica: live order book, 2 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 Phemex live order book, 2 min ago4.93 bp16.4 bp −$1618.6 bp −$18632.9 bp −$3,286doesn't fit
Sell Pacifica live order book, 2 min ago0.66 bp5.2 bp −$58.5 bp −$85doesn't fitdoesn'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%1h1.5190+0.138%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5171+0.016%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5174+0.033%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5172+0.020%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.578%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5168−0.008%$14.5M$73.8M50xas long as short
Lighter XRP+0.0096%1h1.5172+0.023%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.51690.000%$603K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5172+0.020%$17K$380K20xas long as short
Nado XRP-PERP+0.0100%1h1.5176+0.048%$1.0M$6.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XRPUSDT+0.0100%8h1.5168−0.007%$38.4M$86.9M100xas long as short
Pacifica XRPshort+0.0100%1h1.5169+0.002%$612K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5165−0.026%$531.2M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5162−0.046%$349.3M$956.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5165−0.026%$127.9M$868.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5224+0.363%$567K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5187+0.119%$144K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.138%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5171+0.013%$378.2M$160.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5172+0.020%$313.4M$921.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5175+0.040%$106.2M$183.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5166−0.020%$268.0M$391.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5164−0.033%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5226+0.373%$5.0M$38.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5205+0.238%$660K$113.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5210+0.270%$1.1M$35.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5239+0.461%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5187+0.116%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5178+0.059%$51K$510K20xas long as short
Bullet XRP-USD+0.0100%1h1.5177+0.050%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5174+0.033%$77K$688K50xas long as short
Derive XRP-PERP+0.0100%1h1.5186+0.113%$817K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5183+0.094%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5168−0.007%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5166−0.022%$49.5M$15.4M75xas long as short
Phemex XRPUSDTlong+0.0100%8h1.5169long leg$54.2M$32.7M50x
Paradex XRP-USD-PERP+0.0100%8h1.5194+0.168%$474K$55K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0101% / S −0.0061%1h1.5174+0.032%$783K200xas long as short
Extended XRP-USD+0.0104%1h1.5171+0.016%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5175+0.040%$8K$2K10xas long as short
Hibachi XRP/USDT-P+0.0104%1h1.5194+0.162%$17K$78K7xas long as short
Aevo XRP-PERP+0.0104%1h1.5169+0.001%$58K$25K3xas long as short
Hyperliquid XRP+0.0131%1h1.5183+0.092%$289.6M$267.7M20xas long as short
Backpack XRP_USDC_PERP+0.0151%1h1.5186+0.112%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5176+0.046%$5.6M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0195%8h1.5187+0.119%$1.8M$34.5M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5175+0.040%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.51690.000%$23.5M$77.6M125xas long as short
RISEx XRP/USDC+0.0394%1h1.5183+0.095%$521K$807K10xas long as short
Phoenix XRP+0.0526%1h1.5230+0.402%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0645%1h1.5216+0.311%$2K$16K10xas long as short