Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against MEXC−0.089%7-day average −0.004% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.089%, 7d avg −0.004%

Together, before fees+0.087%+ Points / potential airdropVariational Omni: Active · farm board+$9 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: Variational Omni is 0.085% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5134	0.0100	pay 0.0100% / 8h	5h 37m	$293.3M	$896.1M	300x
Short	Variational Omni XRP	1.5121	0.0100	get 0.0100% / 8h	5h 37m	$5.6M	$36.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.089%Rate

Funding earned: $0
Price spread: −0.089% → −0.004%: −$8.46
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.46
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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	0.33 bp	0.3 bp $0	0.5 bp −$5	5.3 bp −$533	21.4 bp −$10.7K
Sell Variational Omni RFQ quote, 2 min ago	2.02 bp	doesn't fit	8.1 bp −$81	29.7 bp −$2,974	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	1.5117	−0.112%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5118	−0.103%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.014%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0046%	1h	1.5131	−0.021%	$816K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.815%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5123	−0.073%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5131	−0.020%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5134	0.000%	$7.6M	$25.4M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5118	−0.103%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5120	−0.093%	$508K	$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	1.5113	−0.139%	$9K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5131	−0.017%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5144	+0.066%	$280.2M	$220.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5123	−0.072%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5118	−0.104%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5137	+0.018%	$536.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	0.000%	$343.4M	$925.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5134	0.000%	$125.5M	$865.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−0.145%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5124	−0.066%	$114K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	+0.010%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5133	−0.007%	$368.9M	$151.3M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5134	long leg	$293.3M	$896.1M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5135	+0.004%	$106.6M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5130	−0.026%	$266.2M	$380.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5135	+0.007%	—	$126.0M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5121	−0.089%	$5.6M	$36.3M	—
edgeX XRPUSDC	+0.0100%	4h	1.5123	−0.074%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5119	−0.097%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−0.093%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	−0.027%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5137	+0.020%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5132	−0.010%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5134	+0.002%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5123	−0.075%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	−0.007%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	−0.026%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	+0.046%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5123	−0.074%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5128	−0.040%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	−0.030%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5117	−0.112%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5130	−0.026%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5137	+0.020%	$5.6M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5108	−0.172%	$24.2M	$74.4M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5132	−0.014%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5119	−0.099%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5127	−0.046%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5127	−0.047%	$515K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.026%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0706%	1h	1.5127	−0.044%	$2K	$14K	10x	as long as short