Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against Pacifica−0.013%7-day average −0.014% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$2 on $10k

Price spread, last 3 days (all we have)−0.081%−$8 · spread now −0.013%, 7d avg −0.014%

Together, before fees−0.056%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5123	0.0100	pay 0.0013% / 1h	58m 57s	$607K	$1.1M	20x
Short	Derive XRP-PERP	1.5121	0.0100	get 0.0013% / 1h	58m 57s	$814K	$75K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.014%: $0.11
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$13.89
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 5 min ago; Derive: no order-book sample. Net counts fees only.

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, 5 min ago	0.99 bp	5.6 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 50 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	1.5118	−0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5117	−0.042%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.112%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5112	−0.073%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0052%	1h	1.5111	−0.077%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.890%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5118	−0.033%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5113	−0.066%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5125	+0.014%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5126	+0.020%	$508K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5107	−0.106%	$9K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5111	−0.076%	$965K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5131	+0.053%	$279.7M	$220.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5120	−0.018%	$38.3M	$83.2M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5123	long leg	$607K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5119	−0.028%	$535.7M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5121	−0.013%	$341.1M	$924.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	−0.007%	$124.6M	$862.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5118	−0.033%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5121	−0.013%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	+0.139%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5123	0.000%	$367.3M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5120	−0.020%	$292.7M	$889.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5120	−0.017%	$106.6M	$170.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5119	−0.026%	$266.8M	$379.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5118	−0.033%	—	$126.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5125	+0.012%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5125	+0.015%	$657K	$109.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5132	+0.058%	$1.1M	$36.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5131	+0.053%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5115	−0.056%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5112	−0.073%	$42K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5112	−0.073%	$41K	$68K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5121	−0.013%	$814K	$75K	10x
SunX XRP-USDT	+0.0100%	8h	1.5124	+0.007%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5119	−0.026%	$31K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5106	−0.113%	$49.5M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5125	+0.013%	$53.9M	$29.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5115	−0.053%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5116	−0.047%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5116	−0.043%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5123	0.000%	$7.7M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5108	−0.098%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5124	+0.007%	$5.7M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5132	+0.060%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5120	−0.022%	$14.5M	$72.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5108	−0.098%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0358%	8h	1.5129	+0.040%	$2.1M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5118	−0.035%	$526K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0759%	1h	1.5129	+0.039%	$2K	$14K	10x	as long as short