Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bulk against MEXC−0.467%56s7-day average +0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$80.083% of the position

Long on MEXC Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.007%+$1 on $10k

Price spread, last 7 days+0.465%+$46 · spread now −0.467%, 7d avg +0.011%

Together, before fees+0.472%+$47 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: Bulk is 0.478% cheaper against MEXC than usual: you would sell low and buy high, −$48 on $10k if it goes back to its 7-day average of +0.011%. The two prices were read 56 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	MEXC XRP_USDT	1.5097	0.0100	pay 0.0100% / 8h	2h 14m	$288.4M	$923.8M	300x
Short	Bulk XRP-USD	1.5026	0.0100	get 0.0013% / 1h	14m 44s	$1.6M	$5K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.467%Rate

Funding earned: $0
Price spread: −0.467% → +0.011%: −$47.85
Slippage, 4 orders: −$1.33
Fee MEXC: 0 bp × 2 orders: $0
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$56.17
Costs to cover: 0.083%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bulk: live order book, 4 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 MEXC live order book, 4 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	4.3 bp −$430	27.8 bp −$13.9K
Sell Bulk live order book, 4 min ago	0.33 bp	3.8 bp −$4	4.5 bp −$45	7.4 bp −$742	27.8 bp −$13.9K

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	1.5088	−0.060%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5083	−0.093%	$14.2M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5088	−0.059%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.046%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5078	−0.125%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.067%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0071% / S −0.0015%	1h	1.5078	−0.129%	$795K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5088	−0.060%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5088	−0.060%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5096	−0.004%	$2.8M	$15.1M	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	1.5098	+0.007%	$546K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5081	−0.106%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5084	−0.089%	$975K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5093	−0.028%	$38.3M	$87.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5097	−0.003%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5094	−0.017%	$525.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5100	+0.020%	$344.5M	$964.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5100	+0.020%	$126.1M	$884.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	−0.060%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5103	+0.040%	$144K	$712K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5026	−0.467%	$1.6M	$5K	20x
Gate XRP_USDT	+0.0100%	8h	1.5088	−0.060%	$370.7M	$160.6M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5097	long leg	$288.4M	$923.8M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5100	+0.019%	$106.6M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5099	+0.013%	$265.5M	$398.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5089	−0.053%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.166%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−0.121%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	−0.092%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5086	−0.073%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5084	−0.084%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5087	−0.066%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5080	−0.111%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5080	−0.113%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5081	−0.108%	$811K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5091	−0.037%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5084	−0.086%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5088	−0.060%	$49.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5085	−0.079%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5106	+0.061%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5081	−0.109%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5081	−0.108%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0116%	1h	1.5102	+0.033%	$288.2M	$262.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5087	−0.066%	$5.7M	$48.5M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5077	−0.135%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5097	0.000%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0198%	8h	1.5086	−0.073%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5077	−0.130%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5086	−0.073%	$23.2M	$77.1M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5092	−0.030%	$520K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0600%	1h	1.5068	−0.194%	$2K	$16K	10x	as long as short