Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: MEXC against gTrade (Gains Network)+0.082%7-day average 0.000% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$262as in the Price arb table

costs, in and out, $10k−$2712.707% of the position

Long on gTrade (Gains Network)Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.078%+$8 on $10k

Price spread, last 3 days (all we have)−0.121%−$12 · spread now +0.082%, 7d avg 0.000%

Together, before fees−0.043%−$4 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 0.083% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XRP/USD	1.5317	L +0.0003% / S −0.0004%	pay 0.0000% / 1h	12m 37s	$265K	—	150x
Short	MEXC XRP_USDT	1.5330	0.0100	get 0.0100% / 8h	12m 37s	$299.6M	$892.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee MEXCbpOrdersPrice spread, now +0.082%Rate

Funding earned: $20.3
Price spread: +0.082% → 0.000%: $8.27
Slippage, 4 orders: −$260.74
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$242.17
Costs to cover: 2.707%
Break-even: 90.5 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 1 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 gTrade (Gains Network) virtual book (oracle venue), 1 min ago	130.04 bp	135.0 bp −$135	208.0 bp −$2,080	1906.1 bp −$190.6K	9819.7 bp −$4.91M
Sell MEXC live order book, 2 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	5.0 bp −$499	18.9 bp −$9,429

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	1.5323	+0.037%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5330	+0.080%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.213%	$68K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5323	+0.037%	$9.3M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USDlong	L +0.0003% / S −0.0004%	1h	1.5317	long leg	$265K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0094%	1h	1.5316	−0.010%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5319	+0.012%	$14.9M	$69.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0060%	8h	1.5322	+0.030%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.584%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5334	+0.109%	$3.0M	$13.4M	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	1.5335	+0.115%	$486K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5332	+0.099%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5332	+0.098%	$38.8M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5334	+0.110%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5332	+0.097%	$544.8M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5331	+0.089%	$339.1M	$927.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5334	+0.108%	$125.2M	$878.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5350	+0.213%	$571K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5334	+0.108%	$116K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5373	+0.360%	$1.7M	$571K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5329	+0.076%	$360.7M	$148.4M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5330	+0.082%	$299.6M	$892.8M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5330	+0.084%	$109.2M	$165.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5329	+0.076%	$267.6M	$376.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5327	+0.063%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5350	+0.215%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5346	+0.186%	$666K	$105.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5353	+0.232%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5347	+0.193%	$1.0M	$901K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5327	+0.060%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5325	+0.050%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	+0.017%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5324	+0.041%	$825K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5328	+0.069%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5322	+0.030%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5319	+0.010%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5321	+0.024%	$54.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5332	+0.094%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5325	+0.050%	$11K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5327	+0.060%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5319	+0.010%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5333	+0.102%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5320	+0.014%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5324	+0.043%	$24.1M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5327	+0.063%	$5.8M	$46.8M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5323	+0.037%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5337	+0.128%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5329	+0.076%	$2.0M	$34.5M	2.9x	as long as short
Hyperliquid XRP	+0.0576%	1h	1.5347	+0.193%	$291.0M	$215.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5337	+0.129%	$499K	$707K	10x	as long as short
Aftermath Perps XRPUSD	+0.0784%	1h	1.5353	+0.233%	$1K	$11K	10x	as long as short