Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: Deribit against MEXC+0.039%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs+$3as in the Funding arb table

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

costs, in and out, $10k−$110.108% of the position

Long on MEXC Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.142%+$14 on $10k

Price spread, last 4 days (all we have)−0.388%−$39 · spread now +0.039%, 7d avg +0.021%

Together, before fees−0.246%−$25 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.021%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.142%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5217	0.0100	pay 0.0100% / 8h	7h 45m	$312.9M	$913.2M	300x
Short	Deribit XRP_USDC-PERPETUAL	1.5223	0	get 0.0000% / 1h	45m 20s	$7.7M	$23.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.039%Rate

Funding earned: −$21
Price spread: +0.039% → +0.021%: $1.84
Slippage, 4 orders: −$3.84
Fee MEXC: 0 bp × 2 orders: $0
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$30
Costs to cover: 0.108%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Deribit: 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 −$429	26.8 bp −$13.4K
Sell Deribit live order book, 4 min ago	0.33 bp	4.7 bp −$5	7.1 bp −$71	43.9 bp −$4,386	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5222	+0.035%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5222	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	+0.060%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5230	+0.085%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	1.5223	+0.039%	$7.7M	$23.9M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5223	+0.041%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.254%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5224	+0.048%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5220	+0.021%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5224	+0.046%	$628K	$3.1M	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	1.5219	+0.013%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5223	+0.043%	$998K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5220	+0.020%	$38.6M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5222	+0.035%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5216	−0.004%	$530.8M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5216	−0.007%	$352.6M	$945.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5218	+0.007%	$126.9M	$858.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	+0.072%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5230	+0.085%	$143K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	+0.069%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5215	−0.013%	$379.3M	$151.9M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5217	long leg	$312.9M	$913.2M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5219	+0.013%	$106.6M	$183.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5215	−0.013%	$269.8M	$383.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5219	+0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5218	+0.006%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5221	+0.023%	$661K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	+0.085%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5234	+0.112%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5225	+0.053%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5223	+0.039%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5217	0.000%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5221	+0.026%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	+0.053%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5223	+0.041%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5219	+0.013%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5217	−0.002%	$49.7M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5218	+0.007%	$54.4M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5225	+0.054%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5214	−0.017%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5218	+0.004%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0115% / S −0.0079%	1h	1.5215	−0.010%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5229	+0.079%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5222	+0.033%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0175%	8h	1.5227	+0.066%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0185%	1h	1.5231	+0.092%	$290.9M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5219	+0.013%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5213	−0.024%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0265%	1h	1.5235	+0.118%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5226	+0.062%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0539%	1h	1.5225	+0.053%	$3K	$16K	10x	as long as short