Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Derive against MEXC+0.031%7-day average +0.001% · you sell dearer than you buy

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

Long on MEXC Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.175%−$17 · spread now +0.031%, 7d avg +0.001%

Together, before fees−0.063%−$6 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: Derive is 0.030% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5110	0.0100	pay 0.0100% / 8h	3h 00m	$293.6M	$911.1M	300x
Short	Derive XRP-PERP	1.5115	0.0100	get 0.0013% / 1h	0m 46s	$813K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.001%: $3.02
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: −$2.98
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Derive: 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	0.3 bp −$3	3.3 bp −$327	23.1 bp −$11.5K
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5103	−0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5105	−0.035%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5112	+0.015%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5119	+0.060%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5117	+0.044%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.978%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5112	+0.014%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5119	+0.061%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5121	+0.073%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5109	−0.007%	$10K	$356K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5104	−0.042%	$984K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5109	−0.008%	$38.9M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5107	−0.020%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5110	+0.002%	$531.4M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5112	+0.013%	$342.7M	$948.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5111	+0.007%	$125.0M	$885.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.265%	$562K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5113	+0.020%	$137K	$722K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5112	+0.013%	$372.7M	$158.9M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5110	long leg	$293.6M	$911.1M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5113	+0.021%	$108.1M	$179.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5108	−0.013%	$268.2M	$391.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5112	+0.013%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	−0.001%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5118	+0.056%	$656K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.258%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	+0.066%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5114	+0.025%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5117	+0.046%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5110	+0.002%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5113	+0.020%	$62K	$934K	50x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5115	+0.031%	$813K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5116	+0.037%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5116	+0.040%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5115	+0.035%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5115	+0.033%	$53.8M	$31.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.017%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5107	−0.020%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5106	−0.024%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5116	+0.039%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5107	−0.020%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0179%	8h	1.5116	+0.040%	$1.8M	$35.4M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5123	+0.086%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5112	+0.015%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5112	+0.013%	$24.1M	$75.7M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0226%	1h	1.5126	+0.106%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5113	+0.019%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0351%	1h	1.5121	+0.073%	$289.6M	$256.3M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5111	+0.008%	$515K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.265%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0636%	1h	1.5130	+0.130%	$2K	$15K	10x	as long as short