Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h +0.025%

Price spread now: MEXC against Deribit+0.007%7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$110.113% of the position

Long on Deribit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.154%−$15 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now +0.007%, 7d avg −0.027%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.033% dearer against Deribit than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.027%. Mind the row above: over the last 7 days funding on this pair cost −0.154%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5145	0.0014	pay 0.0002% / 1h	41m 36s	$7.7M	$25.6M	50x
Short	MEXC XRP_USDT	1.5146	0.0100	get 0.0100% / 8h	4h 41m	$289.5M	$896.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Deribit. 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 DeribitbpFee MEXCbpOrdersPrice spread, now +0.007%Rate

Funding earned: $18.06
Price spread: +0.007% → −0.027%: $3.34
Slippage, 4 orders: −$4.27
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: $10.13
Costs to cover: 0.113%
Break-even: 3.1 days

Slippage from Deribit: 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 Deribit live order book, 3 min ago	0.33 bp	5.0 bp −$5	7.2 bp −$72	41.1 bp −$4,113	doesn't fit
Sell MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.4 bp −$4	4.8 bp −$484	18.9 bp −$9,432

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	1.5148	+0.020%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5137	−0.050%	$14.3M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5141	−0.024%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	−0.033%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5142	−0.020%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0014%	1h	1.5145	long leg	$7.7M	$25.6M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.740%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0031%	1h	1.5141	−0.025%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5153	+0.053%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5143	−0.013%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5149	+0.028%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5150	+0.033%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5138	−0.046%	$10K	$321K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5146	+0.010%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5155	+0.066%	$281.4M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.013%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5149	+0.026%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5147	+0.016%	$533.4M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5146	+0.007%	$344.7M	$931.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5149	+0.026%	$125.9M	$874.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.079%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5109	−0.238%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.005%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5144	−0.007%	$369.7M	$153.1M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5146	+0.007%	$289.5M	$896.7M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5145	+0.001%	$107.9M	$173.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5145	0.000%	$267.8M	$383.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5145	0.000%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.108%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	+0.041%	$658K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.046%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	−0.020%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5148	+0.020%	$43K	$451K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5143	−0.015%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	−0.017%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5150	+0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	−0.040%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5136	−0.059%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	−0.040%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	+0.021%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5146	+0.008%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	−0.009%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5142	−0.021%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5150	+0.033%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0167%	1h	1.5150	+0.033%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5154	+0.059%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5142	−0.020%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	−0.046%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5149	+0.026%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5151	+0.040%	$516K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0668%	1h	1.5151	+0.039%	$2K	$15K	10x	as long as short