Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter RH−0.039%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$4as in the Funding arb table

Net, price: spread back to 7d avg − costs−$9as in the Price arb table

costs, in and out, $10k−$40.041% of the position

Long on Lighter RH Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.039%, 7d avg +0.013%

Together, before fees+0.024%+ Points / potential airdropLighter RH: Points live · farm board+$2 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 0.052% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5342	0.0096	pay 0.0012% / 1h	27m 57s	$515K	$3.2M	20x
Short	MEXC XRP_USDT	1.5336	0.0100	get 0.0100% / 8h	7h 27m	$312.1M	$904.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Lighter RH. 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 Lighter RHbpFee MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0.84
Price spread: −0.039% → +0.013%: −$5.2
Slippage, 4 orders: −$4.12
Fee Lighter RH: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$8.48
Costs to cover: 0.041%
Break-even: 77.7 days

Slippage from Lighter RH: live order book, 5 min ago; MEXC: live order book, 1 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 Lighter RH live order book, 5 min ago	1.30 bp	2.2 bp −$2	5.7 bp −$57	40.4 bp −$4,043	doesn't fit
Sell MEXC live order book, 1 min ago	0.33 bp	0.3 bp $0	0.7 bp −$7	5.4 bp −$543	23.8 bp −$11.9K

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	1.5345	+0.020%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	−0.049%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5332	−0.065%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5332	−0.064%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.421%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5339	−0.020%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5341	−0.007%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5329	−0.085%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5339	−0.019%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5342	long leg	$515K	$3.2M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5338	−0.026%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5351	+0.056%	$479K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	−0.010%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5341	−0.006%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5346	+0.025%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5340	−0.013%	$541.1M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5339	−0.020%	$342.0M	$919.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5338	−0.026%	$124.9M	$868.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.020%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	+0.026%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.050%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5337	−0.033%	$374.4M	$149.7M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5336	−0.039%	$312.1M	$904.0M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5336	−0.037%	$108.8M	$165.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5336	−0.039%	$268.5M	$375.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5334	−0.052%	—	$123.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.090%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5333	−0.062%	$666K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.052%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	−0.137%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5330	−0.078%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5337	−0.033%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	−0.039%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5340	−0.016%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5334	−0.052%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5340	−0.013%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5333	−0.060%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5338	−0.026%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5332	−0.064%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5338	−0.023%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	−0.063%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.085%	$24.0M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5345	+0.020%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5338	−0.028%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5345	+0.020%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5345	+0.020%	$2.1M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5319	−0.152%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0397%	1h	1.5349	+0.046%	$289.9M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	−0.013%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5334	−0.054%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5344	+0.013%	$507K	$754K	10x	as long as short