Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.030%

Price spread now: MEXC against dYdX+0.063%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on dYdX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.109%+$11 on $10k

Price spread, last 3 days (all we have)−0.020%−$2 · spread now +0.063%, 7d avg +0.001%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and MEXC is 0.062% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5033	0	get 0.0000% / 1h	23m 25s	$1.1M	$101K	10x
Short	MEXC XRP_USDT	1.5042	0.0100	get 0.0100% / 8h	4h 23m	$308.5M	$759.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against dYdX. 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 dYdXbpFee MEXCbpOrdersPrice spread, now +0.063%Rate

Funding earned: $21
Price spread: +0.063% → +0.001%: $6.21
Slippage, 4 orders: −$30.35
Fee dYdX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$13.15
Costs to cover: 0.404%
Break-even: 11.4 days

Slippage from dYdX: live order book, 5 min ago; MEXC: live order book, 10 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 dYdX live order book, 5 min ago	14.34 bp	19.3 bp −$19	19.3 bp −$193	29.7 bp −$2,968	91.6 bp −$45.8K
Sell MEXC live order book, 10 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	2.8 bp −$281	17.2 bp −$8,621

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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5045	+0.082%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5034	+0.010%	$6K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5033	long leg	$1.1M	$101K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5052	+0.130%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5048	+0.104%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.270%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5042	+0.063%	$179K	$779K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5035	+0.014%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5041	+0.056%	$578K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5042	+0.063%	$12K	$243K	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	1.5029	−0.027%	$1.0M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5041	+0.055%	$38.2M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5034	+0.011%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5046	+0.090%	$531.9M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5049	+0.110%	$339.1M	$781.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5045	+0.083%	$125.5M	$789.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5017	−0.103%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5051	+0.123%	$111K	$611K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.4992	−0.268%	$1.6M	$138K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5041	+0.056%	$350.3M	$126.9M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5042	+0.063%	$308.5M	$759.3M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5039	+0.041%	$111.2M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5045	+0.083%	$259.4M	$320.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5041	+0.056%	—	$104.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.194%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5045	+0.081%	$654K	$88.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5081	+0.324%	$1.1M	$40.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5057	+0.163%	$1.0M	$790K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5044	+0.079%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5042	+0.063%	$50K	$421K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5043	+0.068%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5046	+0.090%	$811K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5049	+0.111%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5054	+0.143%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5047	+0.094%	$49.7M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5056	+0.156%	$54.1M	$27.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5034	+0.011%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5045	+0.080%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5043	+0.066%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5050	+0.116%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5072	+0.263%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5062	+0.196%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5061	+0.189%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5039	+0.044%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5083	+0.336%	$23.6M	$59.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5070	+0.250%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5049	+0.110%	$15.3M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0414%	1h	1.5055	+0.150%	$274.0M	$158.7M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5050	+0.119%	$409K	$477K	10x	as long as short
Aftermath Perps XRPUSD	+0.0528%	1h	1.5035	+0.019%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5040	+0.050%	$67K	$89K	15x	as long as short