Funding arb · Price arb /

XRP

all XRP markets

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: Bitget against MEXC+0.007%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

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

costs, in and out, $10k−$160.159% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.007%, 7d avg +0.002%

Together, before fees+0.033%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5200	0.0100	pay 0.0100% / 8h	3h 32m	$309.7M	$770.7M	300x
Short	Bitget XRPUSDT	1.5201	0.0100	get 0.0100% / 8h	3h 32m	$263.7M	$327.5M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against MEXC. 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 MEXCbpFee BitgetbpOrdersPrice spread, now +0.007%Rate

Funding earned: $0
Price spread: +0.007% → +0.002%: $0.45
Slippage, 4 orders: −$3.88
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.43
Costs to cover: 0.159%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Bitget: 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 MEXC live order book, 2 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	5.4 bp −$536	19.2 bp −$9,603
Sell Bitget live order book, 2 min ago	0.33 bp	8.4 bp −$8	10.4 bp −$104	14.8 bp −$1,476	22.6 bp −$11.3K

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 −0.0207% / S +0.0293%	1h	1.5188	−0.078%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5179	−0.138%	$7K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0013%	1h	1.5187	−0.086%	$15.9M	$59.2M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5171	−0.193%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.197%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5189	−0.072%	$9.0M	$22.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5190	−0.066%	$257K	—	150x	as long as short
Orderly PERP_XRP_USDC	+0.0045%	8h	1.5182	−0.118%	$180K	$781K	50x	as long as short
Injective XRP/USDC PERP	+0.0050%	1h	1.5090	−0.724%	$2K	$51K	30x	as long as short
Vest XRP-PERP	+0.0070%	1h	1.5178	−0.144%	—	$9K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5198	−0.011%	$2.9M	$10.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5206	+0.039%	$571K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5184	−0.105%	$12K	$237K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	−0.125%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5203	+0.017%	$38.6M	$69.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5175	−0.166%	$670K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5196	−0.024%	$539.6M	$1.78B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5207	+0.046%	$344.2M	$797.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	0.000%	$124.1M	$808.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5182	−0.118%	$564K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5185	−0.099%	$112K	$621K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5201	+0.007%	$355.0M	$127.0M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5200	long leg	$309.7M	$770.7M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5204	+0.024%	$110.7M	$140.1M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5201	+0.007%	$263.7M	$327.5M	125x
BingX XRP-USDC	+0.0100%	8h	1.5202	+0.013%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5188	−0.081%	$7.4M	$22.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5167	−0.219%	$659K	$91.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5169	−0.205%	$1.1M	$41.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	−0.026%	$1.0M	$757K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	−0.105%	$49K	$460K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5186	−0.090%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	−0.100%	$818K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5191	−0.061%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5185	−0.099%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5200	−0.001%	$50.1M	$13.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	+0.039%	$54.6M	$27.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5117	−0.543%	$1.6M	$83K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5177	−0.151%	$473K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5202	+0.011%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5183	−0.112%	$73K	$37K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5186	−0.092%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5195	−0.033%	$5.3M	$40.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5220	+0.132%	$1.7M	$891K	25x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5181	−0.127%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5194	−0.039%	$1.7M	$31.7M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5210	+0.066%	$23.4M	$61.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5179	−0.140%	$19K	$43K	7x	as long as short
RISEx XRP/USDC	+0.0330%	1h	1.5191	−0.059%	$401K	$502K	10x	as long as short
Hyperliquid XRP	+0.0434%	1h	1.5221	+0.138%	$283.5M	$165.1M	20x	as long as short
Aftermath Perps XRPUSD	+0.0464%	1h	1.5181	−0.122%	$1K	$10K	10x	as long as short