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

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.020%
Price spread now: Pacifica against Injective+0.143%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$110as in the Funding arb table
Net, price: spread back to 7d avg − costs−$86as in the Price arb table
costs, in and out, $10k−$1001.005% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.094%−$9 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.143% dearer against Injective than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.094%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XRP/USDC PERP1.55600.0033pay 0.0004% / 1h16m 38s$2K$107K30x
ShortPacifica XRP1.55820.0100get 0.0013% / 1h16m 38s$641K$1.1M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. 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
$14
Price spread: +0.143% → 0.000%
$14.25
Slippage, 4 orders
−$92.45
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$72.21
Costs to cover
1.005%
Break-even
43.1 days
Slippage from Injective: 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
LegHalf-spread$10k$100k$1M$5M
Buy Injective live order book, 2 min ago44.99 bp45.0 bp −$4557.6 bp −$576doesn't fitdoesn't fit
Sell Pacifica live order book, 2 min ago0.96 bp5.0 bp −$5doesn'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%1h1.5582+0.141%$7K$2K20xas long as short
GMX XRP/USD [ETH-USDC]L −0.0003% / S +0.0117%1h1.5565+0.029%$852K200xas long as short
dYdX XRP-USD0.0000%1h1.5574+0.092%$1.1M$113K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5568+0.051%$9.6M$25.2M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5565+0.033%$260K150xas long as short
Injective XRP/USDC PERPlong+0.0033%1h1.5560long leg$2K$107K30x
Kraken Futures PF_XRPUSD+0.0041%1h1.5563+0.021%$15.5M$68.5M50xas long as short
Orderly PERP_XRP_USDC+0.0054%8h1.5569+0.058%$78K$949K50xas long as short
Lighter XRP+0.0096%1h1.5579+0.119%$3.0M$12.4M20xas long as short
Lighter RH XRP+0.0096%1h1.5582+0.141%$441K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5575+0.093%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5576+0.102%$39.5M$78.7M100xas long as short
Pacifica XRPshort+0.0100%1h1.5582+0.143%$641K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5581+0.133%$560.6M$1.98B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5588+0.180%$347.0M$900.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5585+0.161%$127.7M$883.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5554−0.039%$579K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5593+0.212%$119K$744K20xas long as short
Bulk XRP-USD+0.0100%1h1.5567+0.043%$1.7M$578K20xas long as short
Gate XRP_USDT+0.0100%8h1.5590+0.193%$374.8M$140.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5580+0.129%$300.1M$859.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5578+0.117%$114.1M$159.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5592+0.206%$272.3M$364.2M125xas long as short
BingX XRP-USDC+0.0100%8h1.5575+0.096%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5549−0.074%$11.8M$30.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5567+0.044%$676K$102.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5549−0.069%$1.1M$41.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5555−0.032%$1.0M$883K50xas long as short
Vest XRP-PERP+0.0100%1h1.5569+0.058%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5581+0.135%$47K$447K20xas long as short
Bullet XRP-USD+0.0100%1h1.5567+0.045%$42K$66K20xas long as short
Derive XRP-PERP+0.0100%1h1.5567+0.046%$838K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5588+0.178%$131K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5566+0.039%$32K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5573+0.086%$51.2M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5571+0.071%$55.4M$29.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5579+0.122%$486K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5584+0.154%$11K$261K20xas long as short
Extended XRP-USD+0.0104%1h1.5588+0.177%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5565+0.031%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0176%1h1.5590+0.193%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5572+0.075%$1.4M$9K15xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5558−0.013%$18K$82K7xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5574+0.090%$5.8M$47.3M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5567+0.045%$24.5M$73.6M125xas long as short
Backpack XRP_USDC_PERP+0.0294%1h1.5577+0.109%$1.8M$1.0M25xas long as short
Kalshi KXXRPPERP+0.0324%8h1.5588+0.180%$1.9M$33.1M2.9xas long as short
Phoenix XRP+0.0516%1h1.5550−0.064%$69K$90K15xas long as short
RISEx XRP/USDC+0.0527%1h1.5602+0.268%$511K$630K10xas long as short
Hyperliquid XRP+0.0596%1h1.5594+0.219%$291.4M$204.3M20xas long as short
Aftermath Perps XRPUSD+0.0758%1h1.5566+0.036%$1K$11K10xas long as short