Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Bybit−0.026%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$130.132% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days+0.010%+$1 · spread now −0.026%, 7d avg +0.004%

Together, before fees−0.021%−$2 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 0.030% cheaper against Bybit than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5501	0.0100	pay 0.0100% / 8h	7h 02m	$359.8M	$908.1M	100x
Short	MEXC XRP_USDT	1.5497	0.0100	get 0.0100% / 8h	7h 02m	$314.5M	$943.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → +0.004%: −$2.97
Slippage, 4 orders: −$2.23
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$16.2
Costs to cover: 0.132%
Break-even: never at this rate

Slippage from Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.32 bp	6.1 bp −$6	9.1 bp −$91	18.5 bp −$1,852	34.6 bp −$17.3K
Sell MEXC live order book, 2 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	1.9 bp −$186	15.9 bp −$7,938

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
Kraken Futures PF_XRPUSD	−0.0168%	1h	1.5534	+0.210%	$14.2M	$73.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5524	+0.148%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	−0.071%	$70K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5539	+0.245%	$8.1M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5536	+0.227%	$252K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5513	+0.074%	$1.1M	$155K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.381%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0056%	1h	1.5535	+0.222%	$18K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5502	+0.006%	$9K	$2K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5515	+0.090%	$2.8M	$14.8M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5519	+0.116%	$628K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5508	+0.045%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5518	+0.111%	$484K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5505	+0.029%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5506	+0.032%	$39.2M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5516	+0.094%	$628K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5502	+0.006%	$542.0M	$2.12B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5501	long leg	$359.8M	$908.1M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5498	−0.019%	$126.2M	$850.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5449	−0.335%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5516	+0.097%	$162K	$698K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.444%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5506	+0.032%	$389.4M	$160.5M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5497	−0.026%	$314.5M	$943.3M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5504	+0.020%	$110.0M	$180.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5498	−0.019%	$274.7M	$361.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5505	+0.026%	—	$105.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5506	+0.032%	$4.9M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5483	−0.117%	$674K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5525	+0.156%	$1.1M	$32.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5485	−0.103%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5513	+0.075%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5507	+0.039%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5507	+0.038%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5503	+0.013%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5533	+0.208%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5535	+0.219%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	+0.160%	$50.6M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5528	+0.174%	$55.2M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5502	+0.009%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5532	+0.199%	$60K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0108%	1h	1.5522	+0.134%	$832K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5535	+0.219%	$5.3M	$46.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5538	+0.239%	$1.8M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0195%	1h	1.5520	+0.123%	$299.6M	$265.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5528	+0.174%	$23.9M	$79.2M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5530	+0.188%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0240%	1h	1.5535	+0.219%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5535	+0.217%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0478%	1h	1.5471	−0.197%	$3K	$15K	10x	as long as short