Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0058%/8h= +6.4% APRpaid last 24h −0.021%

Price spread now: MEXC against Kraken Futures+0.080%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$210.210% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.095%−$10 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.080%, 7d avg −0.005%

Together, before fees−0.073%−$7 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and MEXC is 0.085% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 7 days funding on this pair cost −0.095%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5463	0.0042	pay 0.0005% / 1h	8m 14s	$15.4M	$68.4M	50x
Short	MEXC XRP_USDT	1.5475	0.0100	get 0.0100% / 8h	1h 08m	$297.9M	$867.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now +0.080%Rate

Funding earned: $12.28
Price spread: +0.080% → −0.005%: $8.54
Slippage, 4 orders: −$11.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$0.21
Costs to cover: 0.210%
Break-even: 7.1 days

Slippage from Kraken Futures: 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 Kraken Futures live order book, 6 min ago	1.93 bp	9.0 bp −$9	10.7 bp −$107	21.6 bp −$2,159	39.4 bp −$19.7K
Sell MEXC live order book, 6 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	4.5 bp −$447	19.6 bp −$9,819

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	1.5507	+0.287%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0001% / S +0.0114%	1h	1.5466	+0.022%	$848K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	+0.222%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5467	+0.028%	$9.5M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5466	+0.022%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.630%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0042%	1h	1.5463	long leg	$15.4M	$68.4M	50x
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5465	+0.015%	$78K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5454	−0.056%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5510	+0.306%	$440K	$3.2M	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	1.5481	+0.122%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5475	+0.083%	$39.2M	$79.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5502	+0.257%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5466	+0.022%	$556.7M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5466	+0.022%	$343.8M	$901.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5463	+0.002%	$127.2M	$878.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5467	+0.028%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5494	+0.203%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	+0.250%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5469	+0.041%	$371.4M	$141.3M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5475	+0.080%	$297.9M	$867.1M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5474	+0.072%	$113.1M	$160.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5464	+0.009%	$269.8M	$365.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5466	+0.022%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5501	+0.251%	$11.8M	$30.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5508	+0.294%	$673K	$101.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5528	+0.423%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5520	+0.371%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5483	+0.130%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5479	+0.106%	$46K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5469	+0.041%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5466	+0.025%	$832K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5480	+0.116%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5463	+0.002%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5466	+0.021%	$50.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5453	−0.062%	$55.0M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5495	+0.211%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5482	+0.125%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5458	−0.028%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5465	+0.015%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5485	+0.145%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5472	+0.058%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5470	+0.048%	$5.9M	$47.2M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5514	+0.332%	$24.6M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5505	+0.271%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0291%	1h	1.5518	+0.358%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5506	+0.280%	$1.9M	$33.2M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5500	+0.242%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5490	+0.179%	$507K	$631K	10x	as long as short
Hyperliquid XRP	+0.0582%	1h	1.5491	+0.183%	$289.5M	$204.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0774%	1h	1.5520	+0.369%	$1K	$11K	10x	as long as short