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% APRpaid last 24h 0.000%

Price spread now: MEXC against Bulk+0.128%7-day average −0.013% · 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+$6as in the Price arb table

costs, in and out, $10k−$80.083% of the position

Long on Bulk Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.128%−$13 · spread now +0.128%, 7d avg −0.013%

Together, before fees−0.132%−$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: MEXC is 0.142% dearer against Bulk than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5136	0.0100	pay 0.0013% / 1h	36m 01s	$1.6M	$88K	20x
Short	MEXC XRP_USDT	1.5155	0.0100	get 0.0100% / 8h	5h 36m	$294.0M	$896.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bulk. 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 BulkbpFee MEXCbpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → −0.013%: $14.18
Slippage, 4 orders: −$1.32
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $5.85
Costs to cover: 0.083%
Break-even: from the start

Slippage from Bulk: live order book, 3 min ago; MEXC: live order book, 3 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 Bulk live order book, 3 min ago	0.33 bp	3.8 bp −$4	6.2 bp −$62	12.4 bp −$1,245	27.6 bp −$13.8K
Sell MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	5.7 bp −$567	23.6 bp −$11.8K

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	1.5132	−0.024%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5142	+0.040%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	+0.101%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0045%	1h	1.5150	+0.094%	$817K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.804%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5143	+0.049%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5153	+0.115%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5158	+0.148%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5158	+0.150%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5159	+0.155%	$510K	$3.3M	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	1.5135	−0.004%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.072%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5166	+0.201%	$280.8M	$220.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5157	+0.144%	$38.5M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	+0.082%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5156	+0.132%	$537.2M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5153	+0.115%	$343.8M	$925.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5157	+0.142%	$125.5M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.156%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.095%	$114K	$706K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5136	long leg	$1.6M	$88K	20x
Gate XRP_USDT	+0.0100%	8h	1.5154	+0.122%	$369.6M	$151.4M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5155	+0.128%	$294.0M	$896.3M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5157	+0.140%	$106.7M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5155	+0.128%	$266.7M	$380.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5155	+0.128%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.099%	$5.7M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	−0.085%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5119	−0.107%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−0.103%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5140	+0.028%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	+0.089%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5151	+0.103%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	+0.142%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.060%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	+0.142%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	+0.009%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	+0.142%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	+0.081%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	+0.097%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5153	+0.115%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0201%	1h	1.5165	+0.195%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5144	+0.056%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5160	+0.161%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	+0.023%	$24.2M	$74.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5154	+0.120%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5131	−0.028%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5142	+0.043%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5148	+0.082%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.037%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0706%	1h	1.5133	−0.016%	$2K	$14K	10x	as long as short