Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: Pacifica against Gate+0.041%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$300.304% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 3 days (all we have)−0.033%−$3 · spread now +0.041%, 7d avg +0.018%

Together, before fees+0.008%+ Points / potential airdropPacifica: Active · farm board+$1 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 0.023% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5027	0.0100	pay 0.0100% / 8h	4h 07m	$349.6M	$127.8M	100x
Short	Pacifica XRP	1.5033	0.0100	get 0.0013% / 1h	7m 04s	$664K	$1.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.018%: $2.3
Slippage, 4 orders: −$7.42
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$28.12
Costs to cover: 0.304%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Pacifica: live order book, 1 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 Gate live order book, 1 min ago	0.33 bp	9.1 bp −$9	15.9 bp −$159	28.2 bp −$2,819	37.3 bp −$18.6K
Sell Pacifica live order book, 1 min ago	0.67 bp	5.4 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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5034	+0.045%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5031	+0.027%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5036	+0.063%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5035	+0.053%	$8.7M	$22.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5034	+0.047%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4990	−0.246%	$2K	$62K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5023	−0.027%	$178K	$779K	50x	as long as short
Vest XRP-PERP	+0.0092%	1h	1.5033	+0.043%	—	$9K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5029	+0.014%	$2.9M	$10.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5034	+0.047%	$571K	$2.4M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5042	+0.100%	$13K	$249K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5029	+0.017%	$1.0M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5030	+0.020%	$38.3M	$68.6M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5033	+0.041%	$664K	$1.0M	20x
Binance XRPUSDT	+0.0100%	8h	1.5028	+0.007%	$529.1M	$1.75B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5032	+0.033%	$339.2M	$785.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5028	+0.007%	$124.9M	$789.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5063	+0.240%	$559K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5038	+0.073%	$111K	$613K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5015	−0.080%	$1.6M	$139K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5027	long leg	$349.6M	$127.8M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5029	+0.013%	$310.9M	$769.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5029	+0.016%	$110.9M	$137.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5028	+0.007%	$259.3M	$320.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5031	+0.027%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5062	+0.236%	$6.7M	$21.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5058	+0.207%	$654K	$89.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5071	+0.290%	$1.1M	$40.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5064	+0.246%	$997K	$793K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5037	+0.067%	$60K	$432K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5030	+0.020%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5029	+0.012%	$810K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5027	+0.002%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5029	+0.013%	$34K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5020	−0.045%	$49.5M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5032	+0.033%	$54.0M	$26.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5036	+0.061%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5026	−0.004%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5040	+0.087%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5028	+0.009%	$72K	$39K	3x	as long as short
Kalshi KXXRPPERP	+0.0160%	8h	1.5029	+0.013%	$1.8M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0177%	1h	1.5040	+0.087%	$1.7M	$916K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5037	+0.067%	$5.1M	$39.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5032	+0.036%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5032	+0.033%	$23.4M	$59.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5050	+0.151%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5031	+0.024%	$15.2M	$55.9M	50x	as long as short
Hyperliquid XRP	+0.0355%	1h	1.5044	+0.113%	$273.8M	$159.5M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5041	+0.091%	$408K	$489K	10x	as long as short
Aftermath Perps XRPUSD	+0.0458%	1h	1.5041	+0.093%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5050	+0.153%	$67K	$89K	15x	as long as short