Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0606%/8h= +66.4% APRpaid last 24h +0.154%

Price spread now: Aftermath Perps against MEXC−0.137%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Aftermath Perps is 0.137% cheaper against MEXC than usual: you would sell low and buy high (spread −0.137% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 18 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5148	0.0100	pay 0.0100% / 8h	5h 36m	$294.0M	$896.2M	300x
Short	Aftermath Perps XRPUSD	1.5127	0.0706	get 0.0088% / 1h	36m 40s	$2K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against MEXC. 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 MEXCbpFee Aftermath PerpsbpOrdersPrice spread, now −0.137%Rate

Funding earned: $127.27
Price spread: −0.137% → 0.000%: −$13.67
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $104.6
Costs to cover: 0.090%
Break-even: 1.2 days

Slippage unknown: MEXC: live order book, 3 min ago; Aftermath Perps: no order-book sample. Net counts fees only.

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 MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	5.3 bp −$533	21.4 bp −$10.7K
Sell Aftermath Perps no order-book sample	—	—	—	—	—

Aftermath Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5132	−0.106%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5142	−0.043%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.106%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0046%	1h	1.5131	−0.114%	$816K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.720%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5143	−0.033%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5131	−0.112%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5134	−0.092%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5150	+0.011%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5147	−0.007%	$509K	$3.3M	20x	as long as short

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	1.5135	−0.086%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5131	−0.109%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5146	−0.015%	$280.2M	$220.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5144	−0.026%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	0.000%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5145	−0.021%	$536.9M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5142	−0.040%	$343.5M	$925.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5143	−0.033%	$125.5M	$865.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.238%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.013%	$114K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	−0.082%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5145	−0.020%	$369.1M	$151.4M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5148	long leg	$294.0M	$896.2M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	−0.001%	$106.7M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5146	−0.013%	$266.5M	$380.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5137	−0.073%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5121	−0.181%	$5.6M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	−0.167%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5119	−0.189%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−0.185%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	−0.119%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5137	−0.073%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5132	−0.103%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5134	−0.091%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5123	−0.168%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	−0.099%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	−0.118%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	−0.046%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	−0.002%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5143	−0.034%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	−0.122%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5144	−0.026%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5130	−0.119%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5137	−0.073%	$5.6M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−0.059%	$24.2M	$74.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5132	−0.106%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5119	−0.191%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5134	−0.092%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5148	0.000%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.119%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSDshort	+0.0706%	1h	1.5127	−0.137%	$2K	$14K	10x