Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against MEXC−0.107%7-day average −0.002% · 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−$281as in the Price arb table

costs, in and out, $10k−$2712.707% of the position

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.226%+$23 · spread now −0.107%, 7d avg −0.002%

Together, before fees+0.147%+$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.105% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5488	0.0100	pay 0.0100% / 8h	2h 00m	$284.1M	$827.8M	300x
Short	gTrade (Gains Network) XRP/USD	1.5471	L +0.0003% / S −0.0004%	get 0.0001% / 1h	0m 42s	$259K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.107%Rate

Funding earned: −$20.14
Price spread: −0.107% → −0.002%: −$10.51
Slippage, 4 orders: −$260.7
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$301.35
Costs to cover: 2.707%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; gTrade (Gains Network): virtual book (oracle venue), 23 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, 3 min ago	0.32 bp	0.3 bp $0	1.3 bp −$13	5.4 bp −$539	25.2 bp −$12.6K
Sell gTrade (Gains Network) virtual book (oracle venue), 23 min ago	130.03 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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	1.5457	−0.200%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5482	−0.040%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.374%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5472	−0.103%	$9.4M	$24.8M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5471	−0.107%	$259K	—	150x
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.278%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5471	−0.110%	$81K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0160%	1h	1.5478	−0.066%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5481	−0.044%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5483	−0.032%	$447K	$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
Nado XRP-PERP	+0.0100%	1h	1.5458	−0.190%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5490	+0.012%	$39.4M	$73.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	+0.012%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5490	+0.011%	$557.2M	$1.88B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5489	+0.006%	$348.5M	$854.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5489	+0.006%	$126.2M	$854.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.613%	$575K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5511	+0.149%	$120K	$696K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.216%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5488	0.000%	$368.9M	$134.9M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5488	long leg	$284.1M	$827.8M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5488	+0.002%	$112.6M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5490	+0.013%	$268.6M	$347.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5503	+0.097%	—	$114.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.505%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5414	−0.480%	$670K	$96.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.581%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.659%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5454	−0.220%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5470	−0.116%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5486	−0.015%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5468	−0.131%	$833K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5487	−0.004%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5470	−0.116%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5467	−0.138%	$50.9M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5470	−0.116%	$55.2M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5488	+0.002%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5531	+0.278%	$11K	$243K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5511	+0.147%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5468	−0.128%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5462	−0.168%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5469	−0.122%	$15.8M	$65.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5475	−0.084%	$5.7M	$45.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5480	−0.051%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0212%	1h	1.5478	−0.065%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	−0.136%	$24.3M	$69.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5463	−0.161%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5457	−0.199%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5537	+0.314%	$408K	$523K	10x	as long as short
Hyperliquid XRP	+0.0522%	1h	1.5498	+0.065%	$286.2M	$191.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5435	−0.339%	$1K	$11K	10x	as long as short