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: MEXC against OKX−0.039%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$130.134% of the position

Long on OKX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.039%, 7d avg +0.003%

Together, before fees−0.016%−$2 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: MEXC is 0.043% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX XRP-USDT-SWAP	1.5190	0.0100	pay 0.0100% / 8h	6h 48m	$123.2M	$871.5M	100x
Short	MEXC XRP_USDT	1.5184	0.0100	get 0.0100% / 8h	6h 48m	$294.1M	$897.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against OKX. 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 OKXbpFee MEXCbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → +0.003%: −$4.28
Slippage, 4 orders: −$3.42
Fee OKX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.7
Costs to cover: 0.134%
Break-even: never at this rate

Slippage from OKX: live order book, 6 min ago; MEXC: 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 OKX live order book, 6 min ago	0.33 bp	5.3 bp −$5	5.9 bp −$59	14.0 bp −$1,405	29.6 bp −$14.8K
Sell MEXC live order book, 6 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	6.7 bp −$674	30.1 bp −$15.0K

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	1.5210	+0.132%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5199	+0.061%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	0.000%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5176	−0.092%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0066%	1h	1.5175	−0.100%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.436%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5183	−0.047%	$14.7M	$72.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0067%	8h	1.5189	−0.007%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5190	−0.002%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5194	+0.026%	$519K	$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	1.5190	0.000%	$12K	$302K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5182	−0.052%	$881K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5191	+0.008%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5206	+0.102%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5189	−0.008%	$536.9M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5189	−0.007%	$337.8M	$937.1M	100x	as long as short
OKX XRP-USDT-SWAPlong	+0.0100%	8h	1.5190	long leg	$123.2M	$871.5M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.118%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5199	+0.059%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.086%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5195	+0.033%	$369.0M	$149.4M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5184	−0.039%	$294.1M	$897.5M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5188	−0.012%	$109.4M	$170.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5187	−0.020%	$265.1M	$383.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5190	0.000%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.150%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5148	−0.274%	$658K	$107.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5185	−0.035%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5168	−0.145%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5186	−0.026%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5196	+0.039%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	−0.059%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5192	+0.015%	$818K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5183	−0.047%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5187	−0.020%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5175	−0.097%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5191	+0.007%	$53.9M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5198	+0.049%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5181	−0.062%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5191	+0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5201	+0.072%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5206	+0.105%	$281.4M	$222.9M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5194	+0.026%	$9.1M	$25.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5175	−0.097%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5193	+0.020%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.020%	$24.0M	$75.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0328%	8h	1.5205	+0.099%	$2.1M	$36.1M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0336%	1h	1.5184	−0.037%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0395%	1h	1.5200	+0.066%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5203	+0.084%	$538K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0792%	1h	1.5190	+0.002%	$2K	$14K	10x	as long as short