Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Ondo Perps against MEXC−0.116%7-day average −0.053% · you buy dearer than you sell

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

Long on MEXC Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now −0.116%, 7d avg −0.053%

Together, before fees−0.133%+ Points / potential airdropOndo Perps: Active · farm board−$13 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: Ondo Perps is 0.062% cheaper against MEXC than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5572	0.0100	pay 0.0100% / 8h	1h 16m	$299.0M	$859.4M	300x
Short	Ondo Perps XRP-USD.P	1.5554	0.0100	get 0.0013% / 1h	16m 47s	$580K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → −0.053%: −$6.22
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.22
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Ondo Perps: 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, 2 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	3.6 bp −$365	17.6 bp −$8,823
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	1.5582	+0.064%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0003% / S +0.0117%	1h	1.5565	−0.048%	$852K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5575	+0.019%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5568	−0.026%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5565	−0.044%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	−0.077%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5563	−0.056%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5569	−0.019%	$78K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5571	−0.008%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5570	−0.013%	$441K	$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	1.5575	+0.016%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5565	−0.045%	$39.5M	$78.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5585	+0.087%	$642K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5576	+0.025%	$560.4M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5575	+0.019%	$346.7M	$900.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5574	+0.013%	$127.6M	$883.4M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5554	−0.116%	$580K	$41K	5x
Arcus XRP-USD	+0.0100%	1h	1.5584	+0.077%	$119K	$743K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	−0.034%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5569	−0.019%	$374.3M	$140.7M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5572	long leg	$299.0M	$859.4M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5566	−0.039%	$114.0M	$159.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5575	+0.019%	$272.1M	$364.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5567	−0.032%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5549	−0.151%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5567	−0.033%	$676K	$102.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5549	−0.146%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5555	−0.109%	$1.0M	$883K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5569	−0.019%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5581	+0.058%	$47K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5567	−0.032%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5567	−0.031%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5588	+0.101%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5566	−0.039%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5573	+0.009%	$51.2M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5571	−0.006%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5580	+0.055%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5582	+0.064%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5567	−0.034%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5565	−0.046%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5590	+0.116%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5572	−0.002%	$1.4M	$9K	15x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5558	−0.090%	$18K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5574	+0.013%	$5.8M	$47.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5567	−0.032%	$24.5M	$73.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5577	+0.032%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5588	+0.103%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5550	−0.141%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5597	+0.158%	$511K	$630K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5594	+0.141%	$291.4M	$204.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0758%	1h	1.5566	−0.041%	$1K	$11K	10x	as long as short