Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against SunX+0.225%7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$490.490% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)−0.134%−$13 · spread now +0.225%, 7d avg −0.019%

Together, before fees−0.246%−$25 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 0.244% dearer against SunX than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5472	0.0100	pay 0.0100% / 8h	1h 29m	$130K	$1.8M	30x
Short	MEXC XRP_USDT	1.5507	0.0100	get 0.0100% / 8h	1h 29m	$289.9M	$846.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now +0.225%Rate

Funding earned: $0
Price spread: +0.225% → −0.019%: $24.42
Slippage, 4 orders: −$40.98
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.56
Costs to cover: 0.490%
Break-even: never at this rate

Slippage from SunX: live order book, 6 min ago; MEXC: live order book, 4 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 SunX live order book, 6 min ago	17.60 bp	21.6 bp −$22	30.1 bp −$301	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	5.0 bp −$499	25.4 bp −$12.7K

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	1.5461	−0.072%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5494	+0.139%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5466	−0.040%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	−0.026%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.178%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0042%	1h	1.5467	−0.036%	$15.4M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5465	−0.047%	$77K	$942K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0125%	1h	1.5468	−0.027%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5497	+0.159%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5501	+0.186%	$439K	$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	1.5457	−0.095%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5489	+0.109%	$39.2M	$78.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5504	+0.205%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5506	+0.217%	$558.4M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5507	+0.225%	$346.4M	$890.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5506	+0.218%	$126.7M	$875.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.277%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5506	+0.218%	$118K	$739K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5503	+0.199%	$373.5M	$139.5M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5507	+0.225%	$289.9M	$846.1M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5497	+0.162%	$113.2M	$158.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5504	+0.206%	$270.2M	$361.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5505	+0.212%	—	$117.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	+0.080%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.382%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	+0.531%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.367%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5466	−0.040%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5460	−0.079%	$45K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	+0.005%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5470	−0.012%	$833K	$79K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5472	long leg	$130K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5466	−0.040%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5453	−0.127%	$50.8M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5468	−0.027%	$55.1M	$29.1M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	+0.029%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5492	+0.129%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5505	+0.212%	$11K	$255K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5503	+0.196%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5467	−0.036%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5488	+0.104%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5510	+0.244%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5462	−0.068%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5472	−0.001%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5470	−0.014%	$24.6M	$73.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0245%	1h	1.5474	+0.012%	$1.8M	$995K	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5473	+0.005%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	+0.632%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5515	+0.274%	$508K	$629K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5513	+0.264%	$290.3M	$202.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0726%	1h	1.5546	+0.477%	$1K	$11K	10x	as long as short