Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Pacifica+0.007%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.219% of the position

Long on Pacifica Short on Arcus

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 4 days (all we have)+0.105%+$11 · spread now +0.007%, 7d avg −0.017%

Together, before fees+0.107%+ Points / potential airdropPacifica: Active · farm board+$11 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: Arcus is 0.023% dearer against Pacifica than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5196	0.0100	pay 0.0013% / 1h	34m 33s	$612K	$1.1M	20x
Short	Arcus XRP-USD	1.5197	0.0100	get 0.0013% / 1h	34m 33s	$143K	$708K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Pacifica. 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 PacificabpFee ArcusbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → −0.017%: $2.34
Slippage, 4 orders: −$9.37
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.52
Costs to cover: 0.219%
Break-even: never at this rate

Slippage from Pacifica: live order book, 4 min ago; Arcus: live order book, 64 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 Pacifica live order book, 4 min ago	0.99 bp	6.4 bp −$6	7.6 bp −$76	doesn't fit	doesn't fit
Sell Arcus live order book, 64 min ago	0.99 bp	4.9 bp −$5	8.9 bp −$89	28.0 bp −$2,798	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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5195	−0.005%	$14.7M	$74.9M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	+0.145%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5192	−0.027%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.158%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5198	+0.013%	$7.7M	$23.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	+0.013%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.395%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5214	+0.121%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5198	+0.010%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5198	+0.013%	$620K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5188	−0.053%	$20K	$379K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5201	+0.036%	$994K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5195	−0.006%	$38.5M	$84.4M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5196	long leg	$612K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5189	−0.044%	$529.5M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5186	−0.066%	$354.4M	$939.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	−0.053%	$126.7M	$850.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.151%	$566K	$33K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5197	+0.007%	$143K	$708K	20x
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.033%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5192	−0.026%	$374.5M	$153.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5193	−0.020%	$313.3M	$915.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5197	+0.005%	$106.1M	$183.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5188	−0.053%	$268.6M	$381.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5189	−0.046%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.026%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.013%	$662K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	−0.063%	$1.1M	$33.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.171%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5197	+0.007%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5191	−0.033%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5200	+0.025%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5199	+0.020%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.077%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	+0.041%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5195	−0.007%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5203	+0.044%	$49.6M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	0.000%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5196	0.000%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5188	−0.056%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5194	−0.010%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5193	−0.020%	$8K	$2K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0083%	1h	1.5196	−0.003%	$788K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5200	+0.026%	$5.5M	$47.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5207	+0.072%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0188%	1h	1.5211	+0.099%	$290.7M	$267.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5196	0.000%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5192	−0.028%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0228%	1h	1.5206	+0.066%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5196	−0.001%	$521K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0554%	1h	1.5210	+0.094%	$3K	$16K	10x	as long as short