Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC+0.035%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.373%−$37 · spread now +0.035%, 7d avg +0.020%

Together, before fees−0.267%−$27 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5205	0.0100	pay 0.0100% / 8h	7h 35m	$312.8M	$915.0M	300x
Short	SunX XRP-USDT	1.5210	0.0100	get 0.0100% / 8h	7h 35m	$127K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.020%: $1.47
Slippage, 4 orders: −$40.91
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$47.43
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; SunX: live order book, 10 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	0.33 bp	0.3 bp $0	0.4 bp −$4	4.9 bp −$486	28.3 bp −$14.1K
Sell SunX live order book, 10 min ago	17.60 bp	26.1 bp −$26	33.2 bp −$332	doesn't fit	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5210	+0.035%	$14.7M	$74.9M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	+0.085%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5200	−0.033%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.099%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5213	+0.053%	$7.7M	$23.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5202	−0.020%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.335%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5214	+0.061%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	−0.034%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5204	−0.007%	$620K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5203	−0.013%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5194	−0.069%	$993K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5199	−0.039%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5201	−0.024%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5197	−0.053%	$529.7M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5205	0.000%	$354.8M	$941.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5206	+0.007%	$126.8M	$852.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.210%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	+0.007%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.026%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5206	+0.007%	$374.9M	$153.0M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5205	long leg	$312.8M	$915.0M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5201	−0.026%	$106.1M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5204	−0.007%	$269.1M	$381.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5204	−0.007%	—	$108.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	−0.033%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.073%	$662K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	−0.122%	$1.1M	$33.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	−0.039%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5205	+0.002%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5199	−0.039%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5198	−0.047%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5205	0.000%	$78K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.017%	$818K	$76K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5210	+0.035%	$127K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5208	+0.020%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5197	−0.052%	$49.6M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5207	+0.013%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5203	−0.013%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5200	−0.030%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5204	−0.004%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0083%	1h	1.5201	−0.023%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5207	+0.013%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5207	+0.013%	$5.5M	$47.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5209	+0.026%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0189%	1h	1.5215	+0.066%	$290.7M	$267.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5209	+0.026%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5205	+0.002%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0231%	1h	1.5216	+0.072%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5209	+0.025%	$522K	$798K	10x	as long as short
Aftermath Perps XRPUSD	+0.0554%	1h	1.5208	+0.018%	$2K	$16K	10x	as long as short