Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against SoDEX+0.072%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on SoDEX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.072%, 7d avg +0.024%

Together, before fees+0.003%+ Points / potential airdropPacifica: Active · farm board$0 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: Pacifica is 0.048% dearer against SoDEX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5245	0.0100	pay 0.0013% / 1h	16m 46s	$30K	$1.6M	10x
Short	Pacifica XRP	1.5256	0.0100	get 0.0013% / 1h	16m 46s	$620K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against SoDEX. 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 SoDEXbpFee PacificabpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.024%: $4.84
Slippage, 4 orders: −$4.12
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$15.27
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from SoDEX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	8.0 bp −$80	doesn't fit	doesn't fit
Sell Pacifica live order book, 2 min ago	0.66 bp	5.1 bp −$5	8.3 bp −$83	doesn't fit	doesn't fit

XRP on 50 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	1.5255	+0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5249	+0.029%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.098%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5244	−0.006%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5248	+0.020%	$7.9M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5244	−0.004%	$14.5M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.066%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0088% / S −0.0041%	1h	1.5244	−0.004%	$787K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5242	−0.018%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5249	+0.026%	$548K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5250	+0.033%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5254	+0.062%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5245	+0.003%	$38.7M	$87.9M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5256	+0.072%	$620K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5245	0.000%	$534.9M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5241	−0.026%	$349.8M	$965.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5241	−0.026%	$128.1M	$885.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5239	−0.039%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5261	+0.105%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5242	−0.020%	$378.4M	$161.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5246	+0.007%	$311.5M	$931.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5246	+0.009%	$107.9M	$182.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5239	−0.039%	$269.5M	$397.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5242	−0.020%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	−0.309%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5231	−0.089%	$662K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	−0.035%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.269%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5255	+0.064%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5255	+0.066%	$66K	$507K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5246	+0.009%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5243	−0.013%	$66K	$746K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5249	+0.029%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5245	long leg	$30K	$1.6M	10x
HTX XRP-USDT	+0.0100%	8h	1.5257	+0.077%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5242	−0.020%	$54.6M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.256%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5260	+0.097%	$476K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5240	−0.031%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5242	−0.019%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5259	+0.092%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5231	−0.092%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5253	+0.052%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5254	+0.059%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0216%	1h	1.5255	+0.066%	$290.8M	$265.5M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5249	+0.026%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5245	0.000%	$23.7M	$78.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0224%	8h	1.5257	+0.079%	$1.8M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5259	+0.091%	$533K	$802K	10x	as long as short
Aftermath Perps XRPUSD	+0.0653%	1h	1.5226	−0.122%	$2K	$16K	10x	as long as short