Funding arb · Price arb /

RPL

all RPL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.051%7-day average +0.066% · you buy dearer than you sell

Net, funding: paid 7d − costs−$129as in the Funding arb table

Net, price: spread back to 7d avg − costs−$141as in the Price arb table

costs, in and out, $10k−$1291.288% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.051%, 7d avg +0.066%

Together, before fees+0.129%+$13 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: BingX is 0.117% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC RPL_USDT	1.9680	0.0100	pay 0.0050% / 4h	2h 49m	$324K	$169K	20x
Short	BingX RPL-USDT	1.9670	0.0100	get 0.0050% / 4h	2h 49m	—	$1.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.051%Rate

Funding earned: $0
Price spread: −0.051% → +0.066%: −$11.71
Slippage, 4 orders: −$114.84
Fee MEXC: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: −$140.55
Costs to cover: 1.288%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; BingX: live order book, 11 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 MEXC live order book, 1 min ago	2.54 bp	24.1 bp −$24	109.2 bp −$1,092	281.1 bp −$28.1K	doesn't fit
Sell BingX live order book, 11 min ago	7.58 bp	43.4 bp −$43	145.8 bp −$1,458	611.1 bp −$61.1K	930.0 bp −$465.0K

RPL on 9 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
Injective RPL/USDC PERP	+0.0033%	1h	1.9480	−1.016%	$201	$472	5.5x	as long as short
Aster RPLUSDT	+0.0100%	4h	1.9653	−0.139%	$100K	$32K	5x	as long as short
Binance RPLUSDT	+0.0100%	4h	1.9670	−0.051%	$1.2M	$1.5M	50x	as long as short
Bybit RPLUSDT	+0.0100%	4h	1.9713	+0.168%	$385K	$247K	20x	as long as short
Gate RPL_USDT	+0.0100%	8h	1.9640	−0.203%	$64K	$27K	20x	as long as short
MEXC RPL_USDTlong	+0.0100%	4h	1.9680	long leg	$324K	$169K	20x
Bitget RPLUSDT	+0.0100%	4h	1.9680	0.000%	$420K	$172K	50x	as long as short
BingX RPL-USDTshort	+0.0100%	4h	1.9670	−0.051%	—	$1.3M	—
Variational Omni RPL	+0.0100%	4h	1.9677	−0.015%	$15K	$2K	—	as long as short