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: MEXC against Ondo Perps+0.180%7-day average +0.053% · you sell dearer than you buy

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

Long on Ondo Perps Short on MEXC

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)+0.046%+$5 · spread now +0.180%, 7d avg +0.053%

Together, before fees+0.068%+ Points / potential airdropOndo Perps: Active · farm board+$7 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 0.127% dearer against Ondo Perps than usual: you sell high and buy low, +$13 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	Ondo Perps XRP-USD.P	1.5554	0.0100	pay 0.0013% / 1h	16m 26s	$579K	$41K	5x
Short	MEXC XRP_USDT	1.5582	0.0100	get 0.0100% / 8h	1h 16m	$300.4M	$859.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Ondo Perps. 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 Ondo PerpsbpFee MEXCbpOrdersPrice spread, now +0.180%Rate

Funding earned: $0
Price spread: +0.180% → +0.053%: $12.67
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: $7.67
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; MEXC: live order book, 3 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	5.1 bp −$507	22.7 bp −$11.3K

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	1.5570	+0.103%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0003% / S +0.0117%	1h	1.5565	+0.068%	$852K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5574	+0.131%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5568	+0.090%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5565	+0.072%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.039%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5563	+0.059%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5569	+0.096%	$78K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5579	+0.158%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5582	+0.180%	$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	1.5587	+0.215%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5581	+0.171%	$39.5M	$78.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5582	+0.181%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5585	+0.202%	$560.8M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5584	+0.193%	$346.8M	$900.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5582	+0.180%	$127.7M	$883.1M	100x	as long as short
Ondo Perps XRP-USD.Plong	+0.0100%	1h	1.5554	long leg	$579K	$41K	5x
Arcus XRP-USD	+0.0100%	1h	1.5593	+0.251%	$119K	$744K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.082%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5590	+0.231%	$374.8M	$140.7M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5582	+0.180%	$300.4M	$859.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5578	+0.156%	$114.1M	$159.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5583	+0.186%	$272.2M	$364.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5575	+0.135%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5549	−0.035%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5567	+0.082%	$676K	$102.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5549	−0.031%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5555	+0.006%	$1.0M	$883K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5577	+0.151%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5587	+0.212%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5576	+0.142%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5567	+0.085%	$838K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5588	+0.217%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5566	+0.077%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5573	+0.125%	$51.2M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5571	+0.109%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5579	+0.161%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5584	+0.193%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5588	+0.216%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5565	+0.070%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5594	+0.257%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5581	+0.171%	$1.4M	$9K	15x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5558	+0.026%	$18K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5574	+0.129%	$5.8M	$47.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5567	+0.084%	$24.5M	$73.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5577	+0.148%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5588	+0.219%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5550	−0.026%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5602	+0.307%	$511K	$630K	10x	as long as short
Hyperliquid XRP	+0.0595%	1h	1.5601	+0.302%	$291.6M	$204.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0758%	1h	1.5566	+0.074%	$1K	$11K	10x	as long as short