Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against SoDEX−0.053%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$90.093% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.429%+$43 · spread now −0.053%, 7d avg +0.004%

Together, before fees+0.431%+$43 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 0.057% cheaper against SoDEX than usual: you would sell low and buy high, −$6 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	SoDEX XRP-USD	1.5172	0.0100	pay 0.0013% / 1h	6m 44s	$28K	$1.7M	10x
Short	MEXC XRP_USDT	1.5164	0.0100	get 0.0100% / 8h	5h 06m	$297.8M	$904.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now −0.053%Rate

Funding earned: $0
Price spread: −0.053% → +0.004%: −$5.72
Slippage, 4 orders: −$1.32
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$15.04
Costs to cover: 0.093%
Break-even: never at this rate

Slippage from SoDEX: live order book, 2 min ago; MEXC: live order book, 2 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 SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	7.0 bp −$70	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	4.5 bp −$447	18.2 bp −$9,123

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	1.5177	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5175	+0.021%	$1.1M	$110K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5175	+0.020%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5175	+0.021%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0031% / S +0.0037%	1h	1.5175	+0.022%	$833K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.557%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5178	+0.040%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5177	+0.033%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5167	−0.030%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5177	+0.033%	$511K	$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	1.5169	−0.020%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5170	−0.010%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5175	+0.020%	$282.0M	$223.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5169	−0.022%	$38.3M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5180	+0.055%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5164	−0.053%	$535.4M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5164	−0.053%	$345.7M	$930.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5165	−0.046%	$125.7M	$871.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	+0.053%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5180	+0.053%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5223	+0.336%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5164	−0.053%	$368.4M	$154.0M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5164	−0.053%	$297.8M	$904.5M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5167	−0.033%	$108.6M	$172.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5163	−0.059%	$269.0M	$381.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5165	−0.046%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.181%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.114%	$660K	$107.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5183	+0.073%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5189	+0.112%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5175	+0.022%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5176	+0.026%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5176	+0.026%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5178	+0.039%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5181	+0.059%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5172	long leg	$28K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5173	+0.008%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5173	+0.007%	$53.9M	$30.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5181	+0.059%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5158	−0.089%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5176	+0.026%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5179	+0.046%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5182	+0.065%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5173	+0.006%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5175	+0.020%	$5.6M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	+0.046%	$24.2M	$75.6M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5172	−0.003%	$14.3M	$73.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0341%	8h	1.5180	+0.053%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5182	+0.064%	$517K	$778K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.119%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0658%	1h	1.5200	+0.184%	$2K	$14K	10x	as long as short