Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.031%

Price spread now: MEXC against Coinbase International+0.033%7-day average −0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$160.159% of the position

Long on Coinbase International Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.033%, 7d avg −0.026%

Together, before fees−0.104%−$10 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.059% dearer against Coinbase International than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.026%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5159	0.0176	pay 0.0022% / 1h	31m 36s	$5.7M	$48.3M	50x
Short	MEXC XRP_USDT	1.5164	0.0100	get 0.0100% / 8h	1h 31m	$300.1M	$923.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Coinbase International. 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 Coinbase InternationalbpFee MEXCbpOrdersPrice spread, now +0.033%Rate

Funding earned: −$15.96
Price spread: +0.033% → −0.026%: $5.91
Slippage, 4 orders: −$5.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.93
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 3 min ago	0.33 bp	9.3 bp −$9	12.2 bp −$122	27.3 bp −$2,731	doesn't fit
Sell MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	3.4 bp −$338	17.0 bp −$8,507

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	1.5168	+0.059%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	−0.058%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.073%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	−0.082%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5152	−0.046%	$7.7M	$24.9M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5150	−0.062%	$14.4M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.645%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0084% / S −0.0033%	1h	1.5152	−0.047%	$799K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5156	−0.022%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	−0.033%	$545K	$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
01 Exchange XRPUSD	+0.0096%	1h	1.5163	+0.026%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5158	−0.007%	$10K	$371K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5149	−0.063%	$978K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5157	−0.011%	$38.5M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5159	+0.001%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5161	+0.010%	$531.5M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5160	+0.007%	$345.7M	$962.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5161	+0.013%	$127.1M	$882.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.053%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5166	+0.046%	$143K	$714K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5158	−0.007%	$376.2M	$160.2M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5164	+0.033%	$300.1M	$923.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5156	−0.016%	$107.4M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5162	+0.020%	$267.5M	$396.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5158	−0.007%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5146	−0.087%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	+0.006%	$660K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5158	−0.007%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.066%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5158	−0.004%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5156	−0.020%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5156	−0.019%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5152	−0.046%	$65K	$774K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.070%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5159	0.000%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5149	−0.066%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.063%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	−0.059%	$54.2M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.013%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5163	+0.023%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5156	−0.021%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5149	−0.068%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5142	−0.109%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0168%	1h	1.5158	−0.007%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0176%	1h	1.5159	long leg	$5.7M	$48.3M	50x
Hyperliquid XRP	+0.0180%	1h	1.5165	+0.040%	$288.4M	$264.7M	20x	as long as short
Kalshi KXXRPPERP	+0.0206%	8h	1.5159	0.000%	$1.7M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5149	−0.064%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.073%	$23.6M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5166	+0.047%	$524K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0599%	1h	1.5161	+0.011%	$2K	$16K	10x	as long as short