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 +0.042%

Price spread now: MEXC against edgeX+0.081%68s7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$110.114% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 7 days−0.069%−$7 · spread now +0.081%, 7d avg +0.032%

Together, before fees+0.001%+ Points / potential airdropedgeX: Active · farm board$0 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 0.049% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.032%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5464	0.0100	pay 0.0050% / 4h	2h 10m	$671K	$97.1M	30x
Short	MEXC XRP_USDT	1.5476	0.0100	get 0.0100% / 8h	2h 10m	$292.5M	$819.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → +0.032%: $4.89
Slippage, 4 orders: −$2.36
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$6.47
Costs to cover: 0.114%
Break-even: never at this rate

Slippage from edgeX: live order book, 4 min ago; MEXC: live order book, 9 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 edgeX live order book, 4 min ago	0.32 bp	5.4 bp −$5	5.7 bp −$57	10.3 bp −$1,030	doesn't fit
Sell MEXC live order book, 9 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	5.0 bp −$499	18.4 bp −$9,210

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	1.5439	−0.158%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5471	+0.045%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5470	+0.042%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5473	+0.061%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5466	+0.016%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.122%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5475	+0.074%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0170%	1h	1.5473	+0.058%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5475	+0.074%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5478	+0.094%	$448K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5469	+0.037%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5471	+0.051%	$39.4M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5472	+0.055%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5476	+0.078%	$556.8M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5478	+0.094%	$348.6M	$851.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5474	+0.068%	$126.6M	$849.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.236%	$574K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5477	+0.087%	$120K	$686K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.052%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5472	+0.055%	$369.3M	$133.6M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5476	+0.081%	$292.5M	$819.2M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5474	+0.068%	$112.2M	$149.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5471	+0.048%	$268.1M	$346.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5475	+0.074%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5487	+0.153%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5464	long leg	$671K	$97.1M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5436	−0.176%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	+0.003%	$1.0M	$871K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5470	+0.044%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5479	+0.100%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5475	+0.075%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5437	−0.173%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5459	−0.031%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5460	−0.023%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5469	+0.038%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5473	+0.061%	$55.3M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5468	+0.030%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5467	+0.023%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5467	+0.020%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5470	+0.039%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5479	+0.100%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5466	+0.014%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5495	+0.204%	$5.7M	$45.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5486	+0.146%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5476	+0.081%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5480	+0.107%	$24.2M	$68.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0284%	8h	1.5491	+0.178%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5441	−0.148%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5479	+0.099%	$407K	$499K	10x	as long as short
Hyperliquid XRP	+0.0508%	1h	1.5492	+0.184%	$285.6M	$190.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0526%	1h	1.5451	−0.081%	$1K	$11K	10x	as long as short