Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0058%/8h= −6.4% APRpaid last 24h +0.021%

Price spread now: Kraken Futures against MEXC+0.049%7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

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

costs, in and out, $10k−$210.210% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 on $10k

Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.049%, 7d avg +0.005%

Together, before fees−0.057%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kraken Futures is 0.044% dearer against MEXC than usual: you sell high and buy low (spread +0.049% now, against its 7-day average of +0.005%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 7 days funding on this pair paid +0.095%, 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	1.5455	0.0100	pay 0.0100% / 8h	1h 08m	$296.2M	$867.5M	300x
Short	Kraken Futures PF_XRPUSD	1.5463	0.0042	get 0.0005% / 1h	8m 13s	$15.4M	$68.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.049%Rate

Funding earned: −$12.28
Price spread: +0.049% → +0.005%: $4.4
Slippage, 4 orders: −$11.02
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$28.9
Costs to cover: 0.210%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Kraken Futures: live order book, 6 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	0.32 bp	0.3 bp $0	0.3 bp −$3	4.4 bp −$435	20.9 bp −$10.4K
Sell Kraken Futures live order book, 6 min ago	1.93 bp	11.4 bp −$11	12.4 bp −$124	21.0 bp −$2,103	47.1 bp −$23.6K

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	1.5507	+0.336%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0001% / S +0.0114%	1h	1.5466	+0.071%	$848K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	+0.271%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5467	+0.078%	$9.5M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5466	+0.071%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.679%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSDshort	+0.0042%	1h	1.5463	+0.049%	$15.4M	$68.4M	50x
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5465	+0.065%	$78K	$910K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5454	−0.007%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5461	+0.039%	$440K	$3.2M	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	1.5481	+0.171%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5465	+0.063%	$39.2M	$79.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5502	+0.306%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5454	−0.006%	$556.3M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5453	−0.013%	$343.6M	$901.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5453	−0.013%	$127.0M	$878.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5467	+0.078%	$578K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5494	+0.252%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	+0.300%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5456	+0.006%	$362.3M	$141.4M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5455	long leg	$296.2M	$867.5M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5453	−0.013%	$112.9M	$160.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5456	+0.006%	$269.6M	$365.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5456	+0.006%	—	$119.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5501	+0.300%	$11.8M	$30.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5508	+0.343%	$673K	$101.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5528	+0.472%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5520	+0.421%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5483	+0.179%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5479	+0.155%	$46K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5469	+0.091%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5466	+0.074%	$832K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5480	+0.165%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5463	+0.052%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5466	+0.071%	$50.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5453	−0.013%	$55.0M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5495	+0.260%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5482	+0.175%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5458	+0.022%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5465	+0.065%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5485	+0.194%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5472	+0.107%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5470	+0.097%	$5.9M	$47.2M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5514	+0.382%	$24.6M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5505	+0.320%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0291%	1h	1.5461	+0.039%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5506	+0.330%	$1.9M	$33.2M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5500	+0.291%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5490	+0.229%	$507K	$631K	10x	as long as short
Hyperliquid XRP	+0.0580%	1h	1.5473	+0.116%	$289.2M	$204.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0774%	1h	1.5520	+0.419%	$1K	$11K	10x	as long as short