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 HTX−0.038%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.241%+$24 · spread now −0.038%, 7d avg +0.046%

Together, before fees+0.130%+$13 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 0.084% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5460	0.0100	pay 0.0100% / 8h	2h 21m	$50.9M	$14.7M	75x
Short	MEXC XRP_USDT	1.5454	0.0100	get 0.0100% / 8h	2h 21m	$290.6M	$811.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against HTX. 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 HTXbpFee MEXCbpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → +0.046%: −$8.36
Slippage, 4 orders: −$5.91
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.27
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from HTX: 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 HTX live order book, 3 min ago	0.03 bp	10.1 bp −$10	13.0 bp −$130	33.8 bp −$3,384	doesn't fit
Sell MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.4 bp −$4	4.0 bp −$396	19.3 bp −$9,637

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	1.5397	−0.406%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5431	−0.188%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5320	−0.904%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5454	−0.036%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.098%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5462	+0.014%	$59K	$916K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0073% / S +0.0183%	1h	1.5454	−0.040%	$908K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0073%	1h	1.5464	+0.027%	$9.4M	$24.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5456	−0.024%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5461	+0.008%	$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	1.5433	−0.170%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5460	+0.002%	$39.2M	$72.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5428	−0.205%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5458	−0.012%	$552.7M	$1.85B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5456	−0.025%	$346.5M	$842.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5454	−0.038%	$125.1M	$843.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5398	−0.400%	$573K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5439	−0.135%	$116K	$651K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5455	−0.031%	$369.6M	$132.0M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5454	−0.038%	$290.6M	$811.0M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5455	−0.031%	$113.3M	$148.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5461	+0.008%	$267.3M	$342.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5460	+0.001%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5321	−0.898%	$6.3M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	−0.665%	$667K	$95.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5402	−0.374%	$1.1M	$42.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5381	−0.510%	$1.0M	$864K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5431	−0.185%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5457	−0.018%	$50K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5456	−0.025%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5464	+0.026%	$833K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5466	+0.043%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5456	−0.025%	$33K	$1.9M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5460	long leg	$50.9M	$14.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5452	−0.050%	$55.2M	$28.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5438	−0.143%	$1.7M	$399K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5427	−0.215%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5435	−0.160%	$12K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5457	−0.018%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5468	+0.052%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5445	−0.096%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5454	−0.038%	$15.7M	$64.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0176%	1h	1.5471	+0.072%	$1.7M	$938K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5463	+0.021%	$5.5M	$44.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5445	−0.096%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5465	+0.034%	$23.8M	$68.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0232%	8h	1.5455	−0.031%	$1.7M	$31.7M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5361	−0.636%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5443	−0.108%	$406K	$497K	10x	as long as short
Hyperliquid XRP	+0.0498%	1h	1.5482	+0.144%	$286.0M	$186.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0525%	1h	1.5339	−0.783%	$1K	$11K	10x	as long as short