Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.029%

Price spread now: Coinbase International against MEXC+0.020%7-day average +0.030% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$160.162% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 4 days (all we have)−0.162%−$16 · spread now +0.020%, 7d avg +0.030%

Together, before fees−0.072%−$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5138	0.0100	pay 0.0100% / 8h	4h 42m	$289.3M	$896.5M	300x
Short	Coinbase International XRP-PERP-INTX	1.5141	0.0192	get 0.0024% / 1h	42m 49s	$5.6M	$47.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.020%Rate

Funding earned: $19.32
Price spread: +0.020% → +0.030%: −$1.07
Slippage, 4 orders: −$6.16
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $2.09
Costs to cover: 0.162%
Break-even: 6.2 days

Slippage from MEXC: live order book, 1 min ago; Coinbase International: 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 MEXC live order book, 1 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	4.4 bp −$435	20.9 bp −$10.4K
Sell Coinbase International live order book, 1 min ago	0.33 bp	7.2 bp −$7	9.9 bp −$99	25.0 bp −$2,505	doesn't fit

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	1.5162	+0.159%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5137	−0.005%	$14.3M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	+0.076%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.013%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5140	+0.013%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	+0.059%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.788%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0031%	1h	1.5146	+0.053%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5154	+0.106%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5136	−0.013%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5146	+0.056%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5149	+0.073%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5146	+0.053%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.056%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5154	+0.107%	$281.5M	$225.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5139	+0.008%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5164	+0.174%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5150	+0.079%	$533.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5147	+0.059%	$344.8M	$931.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5145	+0.046%	$125.7M	$874.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.033%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5115	−0.152%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.051%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5141	+0.020%	$369.8M	$153.0M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5138	long leg	$289.3M	$896.5M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5143	+0.033%	$107.9M	$173.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5143	+0.033%	$267.9M	$384.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5143	+0.033%	—	$126.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.061%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.167%	$656K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	0.000%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	+0.026%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	+0.083%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5152	+0.092%	$43K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5145	+0.048%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5136	−0.015%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.043%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5140	+0.013%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5155	+0.110%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	+0.020%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5159	+0.138%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5132	−0.042%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.006%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5165	+0.177%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0172%	1h	1.5147	+0.059%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0192%	1h	1.5141	+0.020%	$5.6M	$47.1M	50x
Reya XRPRUSDPERP	+0.0216%	1h	1.5143	+0.031%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	0.000%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5152	+0.092%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5156	+0.116%	$516K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5146	+0.052%	$2K	$15K	10x	as long as short