Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.030%

Price spread now: dYdX against MEXC+0.007%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on MEXC Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 7 days+0.108%+$11 · spread now +0.007%, 7d avg +0.008%

Together, before fees−0.001%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.008%, 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	1.5183	0.0100	pay 0.0100% / 8h	5h 08m	$296.4M	$903.9M	300x
Short	dYdX XRP-USD	1.5184	0	get 0.0000% / 1h	8m 33s	$1.1M	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$21
Price spread: +0.007% → +0.008%: −$0.09
Slippage, 4 orders: −$42.13
Fee MEXC: 0 bp × 2 orders: $0
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$73.23
Costs to cover: 0.521%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; dYdX: 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, 6 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	3.4 bp −$339	20.0 bp −$10.0K
Sell dYdX live order book, 1 min ago	20.74 bp	25.7 bp −$26	25.7 bp −$257	28.9 bp −$2,894	72.4 bp −$36.2K

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	1.5179	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5184	+0.007%	$1.1M	$110K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5192	+0.059%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5189	+0.040%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.483%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0037%	1h	1.5190	+0.043%	$796K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5178	−0.033%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5188	+0.033%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5190	+0.045%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5188	+0.033%	$512K	$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	1.5174	−0.059%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5175	−0.049%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5191	+0.053%	$282.3M	$223.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5184	+0.008%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5185	+0.011%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5175	−0.053%	$535.8M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5177	−0.040%	$346.1M	$930.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5174	−0.059%	$125.8M	$872.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	−0.020%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5184	+0.007%	$114K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.263%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5179	−0.026%	$368.8M	$153.9M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5183	long leg	$296.4M	$903.9M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5182	−0.008%	$108.7M	$171.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5178	−0.033%	$269.4M	$381.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5179	−0.026%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.109%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5202	+0.124%	$660K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5227	+0.290%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5221	+0.250%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5192	+0.062%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5187	+0.026%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5192	+0.060%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5189	+0.041%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5193	+0.066%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5189	+0.040%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5189	+0.038%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5188	+0.033%	$54.0M	$30.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5190	+0.047%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5175	−0.050%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5189	+0.038%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5193	+0.066%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5207	+0.155%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5186	+0.018%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5195	+0.079%	$5.6M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5191	+0.053%	$24.3M	$75.5M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5187	+0.028%	$14.4M	$73.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0344%	8h	1.5194	+0.072%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5182	−0.004%	$517K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.244%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0657%	1h	1.5210	+0.181%	$2K	$14K	10x	as long as short