Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Pacifica against Variational Omni+0.021%7-day average +0.009% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Variational Omni 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)−0.304%−$30 · spread now +0.021%, 7d avg +0.009%

Together, before fees−0.296%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$30 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5385	0.0100	pay 0.0100% / 8h	26m 09s	$11.4M	$30.6M	—
Short	Pacifica XRP	1.5388	0.0100	get 0.0013% / 1h	26m 09s	$633K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. 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 Variational OmnibpFee PacificabpOrdersPrice spread, now +0.021%Rate

Funding earned: $0
Price spread: +0.021% → +0.009%: $1.19
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$6.81
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Pacifica: live order book, 3 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 3 min ago	2.05 bp	doesn't fit	3.6 bp −$36	20.7 bp −$2,068	doesn't fit
Sell Pacifica live order book, 3 min ago	0.97 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit

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	1.5388	+0.021%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5384	−0.004%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5420	+0.229%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5378	−0.042%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0098%	1h	1.5377	−0.047%	$831K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5381	−0.024%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5377	−0.047%	$15.0M	$69.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0058%	8h	1.5382	−0.018%	$76K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.139%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5382	−0.016%	$2.9M	$12.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5384	−0.005%	$438K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5382	−0.020%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5380	−0.032%	$39.2M	$81.1M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5388	+0.021%	$633K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5378	−0.045%	$547.6M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5378	−0.044%	$342.0M	$923.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5377	−0.050%	$125.4M	$880.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5382	−0.018%	$573K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5390	+0.034%	$116K	$757K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5410	+0.164%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5379	−0.037%	$361.5M	$147.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5379	−0.037%	$294.2M	$883.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5380	−0.031%	$109.9M	$164.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5379	−0.037%	$268.3M	$373.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5380	−0.031%	—	$121.3M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5385	long leg	$11.4M	$30.6M	—
edgeX XRPUSDC	+0.0100%	4h	1.5405	+0.131%	$669K	$104.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5414	+0.192%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5406	+0.138%	$1.0M	$900K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5385	+0.002%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5381	−0.023%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5380	−0.028%	$828K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5388	+0.023%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5380	−0.031%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5379	−0.039%	$50.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5384	−0.005%	$54.7M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5384	−0.008%	$480K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5389	+0.025%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5386	+0.008%	$11K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5376	−0.058%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5379	−0.040%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5387	+0.015%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5381	−0.025%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5416	+0.203%	$24.4M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5386	+0.008%	$5.8M	$47.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5406	+0.141%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0264%	1h	1.5385	+0.002%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0305%	8h	1.5404	+0.125%	$2.0M	$34.3M	2.9x	as long as short
Hyperliquid XRP	+0.0586%	1h	1.5398	+0.086%	$292.8M	$212.5M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5397	+0.078%	$500K	$635K	10x	as long as short
Aftermath Perps XRPUSD	+0.0786%	1h	1.5427	+0.276%	$1K	$11K	10x	as long as short