Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Pacifica−0.234%7-day average −0.007% · you buy dearer than you sell

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

Long on Pacifica Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.353%+$35 · spread now −0.234%, 7d avg −0.007%

Together, before fees+0.347%+ Points / potential airdropPacifica: Active · Variational Omni: Active · farm board+$35 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: Variational Omni is 0.227% cheaper against Pacifica than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5573	0.0100	pay 0.0013% / 1h	20m 36s	$641K	$1.1M	20x
Short	Variational Omni XRP	1.5537	0.0100	get 0.0100% / 8h	1h 20m	$11.7M	$30.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.234%Rate

Funding earned: $0
Price spread: −0.234% → −0.007%: −$22.66
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$30.66
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 3 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 3 min ago	0.96 bp	6.5 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.02 bp	doesn't fit	6.8 bp −$68	29.4 bp −$2,939	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	1.5577	+0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5569	−0.028%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5563	−0.064%	$9.6M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5560	−0.083%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	−0.083%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5565	−0.053%	$15.5M	$68.7M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0053% / S +0.0119%	1h	1.5560	−0.084%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5562	−0.071%	$78K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5573	−0.001%	$3.0M	$12.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5573	0.000%	$441K	$3.2M	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	1.5553	−0.128%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5572	−0.009%	$39.5M	$78.5M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5573	long leg	$641K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5556	−0.109%	$559.5M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5551	−0.141%	$347.6M	$899.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5550	−0.148%	$127.6M	$880.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5556	−0.109%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5572	−0.006%	$119K	$742K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	−0.041%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5569	−0.026%	$374.4M	$140.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5572	−0.006%	$297.5M	$856.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5572	−0.008%	$114.1M	$159.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5569	−0.026%	$271.9M	$363.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5568	−0.032%	—	$118.4M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5537	−0.234%	$11.7M	$30.1M	—
edgeX XRPUSDC	+0.0100%	4h	1.5544	−0.184%	$676K	$101.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	−0.013%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5557	−0.103%	$1.0M	$883K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5562	−0.072%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5560	−0.083%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5561	−0.077%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5564	−0.060%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5564	−0.060%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5561	−0.077%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5557	−0.105%	$51.1M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5564	−0.058%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5571	−0.016%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5561	−0.077%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5561	−0.074%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5559	−0.087%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5573	0.000%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5566	−0.048%	$18K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5557	−0.105%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5573	0.000%	$5.8M	$47.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5570	−0.019%	$24.5M	$74.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5572	−0.006%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5588	+0.096%	$1.9M	$33.0M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5560	−0.083%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5574	+0.007%	$510K	$630K	10x	as long as short
Hyperliquid XRP	+0.0599%	1h	1.5592	+0.122%	$292.0M	$202.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0747%	1h	1.5563	−0.066%	$1K	$11K	10x	as long as short