Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against MEXC−0.139%7-day average +0.013% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$150.145% of the position

Long on MEXC Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.139%, 7d avg +0.013%

Together, before fees+0.146%+ Points / potential airdropParadex: Active · farm board+$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.152% cheaper against MEXC than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5156	0.0100	pay 0.0100% / 8h	34m 07s	$308.9M	$923.8M	300x
Short	Paradex XRP-USD-PERP	1.5135	0.0100	get 0.0100% / 8h	34m 07s	$472K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.139%Rate

Funding earned: $0
Price spread: −0.139% → +0.013%: −$15.23
Slippage, 4 orders: −$10.52
Fee MEXC: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$29.75
Costs to cover: 0.145%
Break-even: 210588.0 days

Slippage from MEXC: live order book, 5 min ago; Paradex: live order book, 5 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, 5 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	7.2 bp −$718	27.9 bp −$14.0K
Sell Paradex live order book, 5 min ago	4.93 bp	6.9 bp −$7	152.6 bp −$1,526	doesn't fit	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	1.5138	−0.119%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5131	−0.165%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	+0.072%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5165	+0.059%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.666%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5160	+0.029%	$14.6M	$73.9M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5162	+0.042%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5160	+0.026%	$603K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5171	+0.099%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5159	+0.020%	$20K	$380K	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	1.5165	+0.063%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5162	+0.039%	$38.4M	$86.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5136	−0.129%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5165	+0.059%	$530.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5164	+0.053%	$349.5M	$956.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5170	+0.092%	$127.9M	$869.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5179	+0.152%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5170	+0.092%	$143K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.224%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5156	0.000%	$377.4M	$161.1M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5156	long leg	$308.9M	$923.8M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5160	+0.026%	$106.2M	$184.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	−0.020%	$267.8M	$390.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5153	−0.020%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5150	−0.043%	$4.9M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5179	+0.152%	$659K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5210	+0.356%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	+0.165%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5162	+0.039%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5172	+0.106%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5169	+0.086%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5161	+0.033%	$77K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5140	−0.106%	$814K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5162	+0.038%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5160	+0.026%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5168	+0.078%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	+0.007%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5135	−0.139%	$472K	$55K	50x
GMX XRP/USD [ETH-USDC]	L +0.0102% / S −0.0062%	1h	1.5155	−0.007%	$783K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5156	+0.002%	$2.1M	$6.9M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5169	+0.085%	$17K	$78K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5156	+0.003%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0124%	1h	1.5168	+0.082%	$289.4M	$267.9M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0144%	1h	1.5167	+0.073%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5158	+0.013%	$5.6M	$48.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0188%	8h	1.5169	+0.086%	$1.8M	$34.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5164	+0.054%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5143	−0.086%	$23.6M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5170	+0.092%	$521K	$807K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5230	+0.488%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0647%	1h	1.5188	+0.214%	$2K	$16K	10x	as long as short