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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Pacifica against Bulk+0.162%7-day average −0.004% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$180.178% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.001%$0 on $10k
Price spread, last 7 days−0.180%−$18 · spread now +0.162%, 7d avg −0.004%
Together, before fees−0.181%+ Points / potential airdropPacifica: Active · farm board−$18 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 0.166% dearer against Bulk than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.004%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk XRP-USD1.50570.0100pay 0.0013% / 1h35m 29s$1.6M$30K20x
ShortPacifica XRP1.50810.0100get 0.0013% / 1h35m 29s$605K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Bulk. 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: +0.162% → −0.004%
$16.57
Slippage, 4 orders
−$2.75
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$1.18
Costs to cover
0.178%
Break-even
never at this rate
Slippage from Bulk: live order book, 4 min ago; Pacifica: live order book, 3 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 Bulk live order book, 4 min ago0.33 bp4.3 bp −$44.8 bp −$489.2 bp −$91725.2 bp −$12.6K
Sell Pacifica live order book, 3 min ago0.33 bp4.3 bp −$4doesn't fitdoesn'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%1h1.5077+0.134%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5070+0.084%$14.2M$75.2M50xas long as short
dYdX XRP-USD0.0000%1h1.5078+0.142%$1.1M$115K10xas long as short
Phoenix XRP0.0000%1h1.5070+0.087%$67K$110K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5069+0.080%$7.6M$25.7M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5077+0.137%$258K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.341%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5077+0.135%$789K200xas long as short
01 Exchange XRPUSD+0.0072%1h1.5081+0.160%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5080+0.152%$2.8M$14.8M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5080+0.154%$496K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5066+0.061%$11K$359K20xas long as short
Nado XRP-PERP+0.0100%1h1.5077+0.136%$917K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5091+0.227%$289.4M$258.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5078+0.139%$38.5M$86.6M100xas long as short
Pacifica XRPshort+0.0100%1h1.5081+0.162%$605K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5078+0.140%$528.6M$2.19B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5081+0.160%$342.7M$957.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5080+0.154%$124.6M$892.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5036−0.139%$560K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5082+0.167%$136K$716K20xas long as short
Bulk XRP-USDlong+0.0100%1h1.5057long leg$1.6M$30K20x
Gate XRP_USDT+0.0100%8h1.5079+0.147%$371.3M$157.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5080+0.154%$288.8M$911.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5079+0.150%$106.7M$180.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5078+0.140%$266.3M$396.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5081+0.160%$105.6Mas long as short
Variational Omni XRP+0.0100%8h1.5067+0.068%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5056−0.005%$654K$111.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5067+0.067%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5062+0.034%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5078+0.144%$13K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5082+0.167%$51K$493K20xas long as short
Bullet XRP-USD+0.0100%1h1.5077+0.130%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5066+0.061%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5064+0.047%$811K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5070+0.090%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5066+0.061%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5065+0.053%$49.2M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5076+0.127%$53.7M$31.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5085+0.187%$470K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5075+0.118%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5063+0.041%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0123%8h1.5078+0.140%$1.7M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0172%1h1.5085+0.187%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5076+0.127%$5.6M$48.4M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5065+0.054%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5078+0.141%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5064+0.047%$23.5M$76.1M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5082+0.165%$514K$777K10xas long as short
Aftermath Perps XRPUSD+0.0599%1h1.5069+0.077%$2K$15K10xas long as short