Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against GRVT+0.105%82s7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$21as 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−$110.110% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.101%−$10 on $10k

Price spread, last 7 days−0.123%−$12 · spread now +0.105%, 7d avg −0.014%

Together, before fees−0.223%+ Points / potential airdropGRVT: Active · farm board−$22 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 0.120% dearer against GRVT than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.014%. The two prices were read 82 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	GRVT XRP_USDT_Perp	1.5218	0.0100	pay 0.0100% / 8h	7h 48m	$1.1M	$33.6M	20x
Short	MEXC XRP_USDT	1.5234	0.0100	get 0.0100% / 8h	7h 48m	$314.7M	$912.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GRVT. 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 GRVTbpFee MEXCbpOrdersPrice spread, now +0.105%Rate

Funding earned: $0
Price spread: +0.105% → −0.014%: $11.96
Slippage, 4 orders: −$1.97
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: $0.98
Costs to cover: 0.110%
Break-even: from the start

Slippage from GRVT: live order book, 6 min ago; MEXC: live order book, 6 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 GRVT live order book, 6 min ago	0.33 bp	5.5 bp −$5	11.1 bp −$111	59.0 bp −$5,904	doesn't fit
Sell MEXC live order book, 6 min ago	0.33 bp	0.3 bp $0	0.4 bp −$4	5.0 bp −$500	27.3 bp −$13.6K

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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5238	+0.132%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	0.000%	$5K	$3K	20x	as long as short
Phemex XRPUSDT	−0.0061%	8h	1.5236	+0.118%	$54.4M	$32.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5227	+0.060%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.145%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5236	+0.120%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5239	+0.138%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.247%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5224	+0.040%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5236	+0.117%	$2.8M	$14.5M	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	1.5240	+0.145%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5230	+0.079%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5227	+0.062%	$997K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5234	+0.104%	$38.6M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	+0.078%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5235	+0.112%	$531.1M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5231	+0.085%	$353.3M	$945.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5231	+0.085%	$127.2M	$860.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−0.072%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5240	+0.145%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	+0.062%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5232	+0.092%	$379.7M	$151.8M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5234	+0.105%	$314.7M	$912.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5235	+0.109%	$106.8M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5231	+0.085%	$270.2M	$384.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5235	+0.112%	—	$108.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	+0.052%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.025%	$661K	$112.9M	30x	as long as short
GRVT XRP_USDT_Perplong	+0.0100%	8h	1.5218	long leg	$1.1M	$33.6M	20x
ApeX Omni XRPUSDT	+0.0100%	1h	1.5223	+0.033%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5237	+0.127%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5238	+0.131%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5238	+0.131%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5239	+0.138%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	+0.046%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5233	+0.101%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5234	+0.105%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5227	+0.060%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5233	+0.099%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5233	+0.097%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5236	+0.116%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0114% / S −0.0078%	1h	1.5236	+0.116%	$790K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5241	+0.151%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5242	+0.158%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5236	+0.118%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0203%	1h	1.5247	+0.189%	$291.2M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5222	+0.026%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5231	+0.087%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0271%	1h	1.5244	+0.171%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	+0.137%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5217	−0.007%	$3K	$16K	10x	as long as short