Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: MEXC against gTrade (Gains Network)+0.137%7-day average +0.001% · 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−$257as in the Price arb table

costs, in and out, $10k−$2712.707% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.256%−$26 · spread now +0.137%, 7d avg +0.001%

Together, before fees−0.168%−$17 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 0.136% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5133	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	17m 40s	$253K	—	150x
Short	MEXC XRP_USDT	1.5154	0.0100	get 0.0100% / 8h	4h 17m	$290.5M	$901.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now +0.137%Rate

Funding earned: $20.3
Price spread: +0.137% → +0.001%: $13.62
Slippage, 4 orders: −$260.73
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$236.8
Costs to cover: 2.707%
Break-even: 88.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 41 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 gTrade (Gains Network) virtual book (oracle venue), 41 min ago	130.03 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell MEXC live order book, 2 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	5.0 bp −$495	17.1 bp −$8,565

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	1.5136	+0.018%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5138	+0.030%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5149	+0.107%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.375%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5140	+0.044%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5133	long leg	$253K	—	150x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.820%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0044% / S +0.0024%	1h	1.5133	−0.004%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0087%	8h	1.5136	+0.018%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5152	+0.122%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5154	+0.137%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5135	+0.011%	$11K	$326K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5137	+0.028%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5161	+0.183%	$280.5M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.091%	$38.3M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5155	+0.141%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5155	+0.143%	$534.5M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5154	+0.137%	$347.2M	$934.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5156	+0.150%	$126.1M	$874.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5132	−0.009%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5156	+0.150%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	+0.269%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5147	+0.091%	$369.2M	$154.3M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5154	+0.137%	$290.5M	$901.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5151	+0.119%	$108.0M	$174.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	+0.130%	$268.1M	$384.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5152	+0.124%	—	$127.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	+0.221%	$5.1M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5172	+0.255%	$659K	$108.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	+0.269%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.236%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5135	+0.011%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5134	+0.004%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5137	+0.023%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5140	+0.046%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5138	+0.031%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5138	+0.032%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5142	+0.057%	$54.0M	$30.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5155	+0.143%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5139	+0.039%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5145	+0.081%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5140	+0.044%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5134	+0.006%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0177%	1h	1.5152	+0.124%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5143	+0.064%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5169	+0.237%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5130	−0.022%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5155	+0.143%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5145	+0.077%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5139	+0.037%	$515K	$775K	10x	as long as short
Aftermath Perps XRPUSD	+0.0663%	1h	1.5165	+0.211%	$2K	$15K	10x	as long as short