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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.013%7-day average +0.001% · 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−$20as in the Price arb table

costs, in and out, $10k−$210.213% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 7 days−0.015%−$2 · spread now +0.013%, 7d avg +0.001%

Together, before fees−0.056%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5601	0.0100	pay 0.0100% / 8h	50m 25s	$373.2M	$143.0M	100x
Short	MEXC XRP_USDT	1.5603	0.0100	get 0.0100% / 8h	50m 25s	$304.3M	$863.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.001%: $1.2
Slippage, 4 orders: −$6.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.08
Costs to cover: 0.213%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; MEXC: live order book, 4 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 Gate live order book, 4 min ago	0.32 bp	10.3 bp −$10	13.2 bp −$132	26.6 bp −$2,665	38.8 bp −$19.4K
Sell MEXC live order book, 4 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	5.3 bp −$531	20.1 bp −$10.0K

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	1.5636	+0.224%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5606	+0.032%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5690	+0.570%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5599	−0.013%	$9.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5602	+0.007%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0004% / S +0.0107%	1h	1.5601	0.000%	$858K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5595	−0.038%	$15.7M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5601	0.000%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.263%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5622	+0.135%	$3.0M	$12.5M	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	1.5638	+0.237%	$446K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5598	−0.019%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5607	+0.040%	$39.6M	$79.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5622	+0.134%	$643K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5605	+0.026%	$559.8M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5602	+0.006%	$347.4M	$913.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5599	−0.013%	$127.6M	$890.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5650	+0.314%	$582K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5604	+0.019%	$117K	$753K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.206%	$1.7M	$573K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5601	long leg	$373.2M	$143.0M	100x
MEXC XRP_USDTshort	+0.0100%	8h	1.5603	+0.013%	$304.3M	$863.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5603	+0.012%	$113.4M	$162.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5599	−0.013%	$272.5M	$369.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5597	−0.026%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.209%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5645	+0.284%	$679K	$102.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5674	+0.470%	$1.1M	$41.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5691	+0.577%	$1.0M	$887K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5615	+0.091%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5609	+0.051%	$45K	$451K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5600	−0.004%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5603	+0.014%	$840K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5610	+0.058%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5593	−0.051%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5631	+0.192%	$51.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5630	+0.186%	$55.6M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5632	+0.196%	$487K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5621	+0.128%	$13K	$264K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5597	−0.023%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5601	+0.002%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5617	+0.103%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5604	+0.017%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5625	+0.154%	$24.4M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5603	+0.013%	$5.9M	$47.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5639	+0.243%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5659	+0.372%	$2.0M	$33.6M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0399%	1h	1.5633	+0.205%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0592%	1h	1.5627	+0.164%	$297.4M	$207.6M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5617	+0.104%	$509K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0778%	1h	1.5631	+0.194%	$1K	$11K	10x	as long as short