XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.12 per $10,000 · paid last 24h −0.022%

Price spread now: Pacifica against Coinbase International+0.006%7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Coinbase International Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.219%+$22 · spread now +0.006%, 7d avg −0.011%

Together, before fees+0.227%+ Points / potential airdropPacifica: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5395	0.0192	pay 0.0024% / 1h	4m 48s	$5.6M	$44.9M	50x
Short	Pacifica XRP	1.5396	0.0100	get 0.0013% / 1h	4m 48s	$672K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Coinbase International. 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 Coinbase InternationalbpFee PacificabpOrdersPrice spread, now +0.006%Rate

Funding earned: −$19.32
Price spread: +0.006% → −0.011%: $1.79
Slippage, 4 orders: −$7.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.51
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Pacifica: live order book, 4 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 Coinbase International live order book, 4 min ago	1.62 bp	8.6 bp −$9	11.1 bp −$111	31.4 bp −$3,135	doesn't fit
Sell Pacifica live order book, 4 min ago	0.97 bp	5.0 bp −$5	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	1.5409	+0.091%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5395	+0.001%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.357%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5380	−0.095%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	+0.013%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.682%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5393	−0.013%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0165%	1h	1.5380	−0.100%	$906K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5392	−0.021%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5403	+0.052%	$445K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5381	−0.088%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5399	+0.024%	$39.2M	$73.3M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5396	+0.006%	$672K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5396	+0.007%	$553.9M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5395	0.000%	$346.5M	$853.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5392	−0.019%	$125.4M	$847.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	+0.091%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5415	+0.130%	$120K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.497%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5394	−0.006%	$367.3M	$134.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5396	+0.006%	$287.3M	$824.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5399	+0.025%	$112.0M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5392	−0.019%	$266.9M	$347.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5393	−0.013%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	+0.096%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.313%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	+0.062%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5410	+0.097%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5389	−0.042%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5387	−0.052%	$49K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5382	−0.086%	$41K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5393	−0.015%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5400	+0.034%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5395	0.000%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5384	−0.072%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5399	+0.026%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5392	−0.018%	$480K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5395	0.000%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5394	−0.007%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	−0.010%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5395	0.000%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5391	−0.025%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0192%	1h	1.5395	long leg	$5.6M	$44.9M	50x
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5409	+0.091%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5380	−0.095%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5396	+0.006%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5400	+0.032%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5410	+0.095%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5400	+0.032%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0513%	1h	1.5410	+0.097%	$283.8M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0574%	1h	1.5422	+0.174%	$1K	$11K	10x	as long as short