Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0036%/8h= −3.9% APRpaid last 24h −0.009%

Price spread now: MEXC against 01 Exchange−0.046%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and MEXC is 0.046% cheaper against 01 Exchange than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5241	0.0136	pay 0.0017% / 1h	48m 09s	$9K	$2K	10x
Short	MEXC XRP_USDT	1.5234	0.0100	get 0.0100% / 8h	7h 48m	$314.7M	$912.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against 01 Exchange. 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 01 ExchangebpFee MEXCbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$7.56
Price spread: −0.046% → 0.000%: −$4.59
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee MEXC: 0 bp × 2 orders: $0
Net: −$19.15
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; MEXC: live order book, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell MEXC live order book, 1 min ago	0.33 bp	0.3 bp $0	0.4 bp −$4	5.1 bp −$513	24.6 bp −$12.3K

01 Exchange: 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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5238	−0.019%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	−0.151%	$5K	$3K	20x	as long as short
Phemex XRPUSDT	−0.0061%	8h	1.5236	−0.033%	$54.4M	$32.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5227	−0.091%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	−0.007%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5236	−0.031%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5239	−0.013%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.093%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5224	−0.111%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5236	−0.034%	$2.8M	$14.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5240	−0.007%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5230	−0.072%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5227	−0.089%	$997K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5234	−0.047%	$38.6M	$85.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5230	−0.073%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5235	−0.039%	$531.1M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5231	−0.066%	$353.3M	$945.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5231	−0.066%	$127.2M	$860.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−0.223%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5240	−0.007%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	−0.089%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5232	−0.059%	$379.7M	$151.8M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5234	−0.046%	$314.7M	$912.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5235	−0.042%	$106.8M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5231	−0.066%	$270.2M	$384.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5235	−0.039%	—	$108.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	−0.098%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.176%	$661K	$112.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5218	−0.151%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5223	−0.118%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5237	−0.024%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5238	−0.020%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5238	−0.020%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5239	−0.013%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	−0.105%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5233	−0.051%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5234	−0.046%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5227	−0.091%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5233	−0.052%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5233	−0.055%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5236	−0.035%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0114% / S −0.0078%	1h	1.5236	−0.035%	$790K	—	200x	as long as short
01 Exchange XRPUSDlong	+0.0136%	1h	1.5241	long leg	$9K	$2K	10x
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5242	+0.007%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5236	−0.033%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0203%	1h	1.5247	+0.038%	$291.2M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5222	−0.125%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5231	−0.064%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0271%	1h	1.5244	+0.020%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	−0.014%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5217	−0.158%	$3K	$16K	10x	as long as short