Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Arcus+0.135%7-day average +0.003% · 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+$2as in the Price arb table

costs, in and out, $10k−$110.111% of the position

Long on Arcus Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.104%−$10 · spread now +0.135%, 7d avg +0.003%

Together, before fees−0.114%−$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: MEXC is 0.132% dearer against Arcus than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus XRP-USD	1.5572	0.0100	pay 0.0013% / 1h	47m 12s	$117K	$752K	20x
Short	MEXC XRP_USDT	1.5593	0.0100	get 0.0100% / 8h	47m 12s	$301.0M	$866.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Arcus. 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 ArcusbpFee MEXCbpOrdersPrice spread, now +0.135%Rate

Funding earned: $0
Price spread: +0.135% → +0.003%: $13.17
Slippage, 4 orders: −$6.58
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee MEXC: 0 bp × 2 orders: $0
Net: $2.09
Costs to cover: 0.111%
Break-even: from the start

Slippage from Arcus: live order book, 32 min ago; MEXC: live order book, 2 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 Arcus live order book, 32 min ago	0.64 bp	4.9 bp −$5	12.8 bp −$128	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.32 bp	0.3 bp $0	0.6 bp −$6	5.1 bp −$512	20.7 bp −$10.4K

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	1.5571	−0.006%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5574	+0.013%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5650	+0.501%	$70K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5567	−0.033%	$260K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0106%	1h	1.5568	−0.025%	$856K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0007%	1h	1.5576	+0.026%	$9.7M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5584	+0.076%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5570	−0.013%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.077%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5584	+0.076%	$3.0M	$12.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5586	+0.090%	$444K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5571	−0.009%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5588	+0.103%	$39.6M	$79.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5579	+0.042%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5584	+0.076%	$558.0M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5588	+0.103%	$346.5M	$912.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5586	+0.090%	$127.2M	$890.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	−0.026%	$582K	$42K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5572	long leg	$117K	$752K	20x
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.393%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5587	+0.096%	$372.5M	$143.2M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5593	+0.135%	$301.0M	$866.8M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5581	+0.059%	$113.4M	$162.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5591	+0.122%	$272.7M	$369.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5582	+0.064%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.395%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	+0.134%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	+0.212%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5640	+0.437%	$1.0M	$887K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	−0.020%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5570	−0.013%	$48K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5571	−0.007%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5573	+0.009%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5578	+0.037%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5579	+0.045%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5567	−0.035%	$51.1M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5580	+0.051%	$55.4M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5570	−0.015%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5574	+0.013%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5570	−0.015%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5575	+0.016%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5571	−0.006%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5562	−0.067%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5585	+0.083%	$24.5M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5588	+0.103%	$5.9M	$47.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5580	+0.054%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5568	−0.026%	$1.9M	$33.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0378%	1h	1.5597	+0.161%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0613%	1h	1.5610	+0.244%	$297.4M	$208.7M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5579	+0.042%	$508K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0831%	1h	1.5606	+0.218%	$1K	$11K	10x	as long as short