Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against MEXC−0.020%7-day average −0.012% · you buy dearer than you sell

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

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

costs, in and out, $10k−$60.062% of the position

Long on MEXC Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days+0.029%+$3 · spread now −0.020%, 7d avg −0.012%

Together, before fees+0.026%+ Points / potential airdropLighter RH: Points live · farm board+$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	1.5137	0.0100	pay 0.0100% / 8h	6h 35m	$290.7M	$907.5M	300x
Short	Lighter RH XRP	1.5134	0.0096	get 0.0012% / 1h	35m 03s	$517K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.020%Rate

Funding earned: −$0.84
Price spread: −0.020% → −0.012%: −$0.74
Slippage, 4 orders: −$6.23
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$7.81
Costs to cover: 0.062%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Lighter RH: live order book, 3 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, 4 min ago	0.33 bp	0.3 bp $0	0.4 bp −$4	6.3 bp −$632	30.9 bp −$15.5K
Sell Lighter RH live order book, 3 min ago	1.66 bp	1.7 bp −$2	6.6 bp −$66	42.7 bp −$4,270	doesn't fit

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	1.5135	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5124	−0.086%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5100	−0.244%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	−0.091%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0062%	1h	1.5122	−0.102%	$801K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.794%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5127	−0.066%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0071%	8h	1.5133	−0.026%	$58K	$949K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	−0.033%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5134	−0.020%	$517K	$3.3M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5127	−0.066%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5136	−0.003%	$806K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5136	−0.006%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	−0.022%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5140	+0.017%	$537.6M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5139	+0.013%	$340.3M	$942.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5141	+0.026%	$123.7M	$872.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5069	−0.449%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5138	+0.007%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.238%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	−0.020%	$367.2M	$151.3M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5137	long leg	$290.7M	$907.5M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5130	−0.046%	$106.7M	$172.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	−0.013%	$265.7M	$385.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5135	−0.013%	—	$127.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5126	−0.072%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5093	−0.291%	$655K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	−0.352%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5107	−0.198%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5133	−0.024%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5135	−0.013%	$45K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5132	−0.035%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5135	−0.015%	$814K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5143	+0.040%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5132	−0.033%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	−0.048%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5131	−0.040%	$53.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5132	−0.031%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5128	−0.059%	$2.0M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	−0.050%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5136	−0.007%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0208%	1h	1.5142	+0.033%	$280.7M	$221.9M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0213%	1h	1.5134	−0.020%	$7.6M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5131	−0.037%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5134	−0.020%	$5.7M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.370%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5094	−0.286%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0342%	8h	1.5137	0.000%	$2.1M	$36.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0344%	1h	1.5144	+0.046%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5139	+0.013%	$536K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0799%	1h	1.5121	−0.105%	$2K	$14K	10x	as long as short