Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0114%/8h= +12.4% APRpaid last 24h +0.031%

Price spread now: Reya against MEXC+0.022%7-day average −0.025% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.110%+$11 on $10k

Price spread, last 7 days−0.032%−$3 · spread now +0.022%, 7d avg −0.025%

Together, before fees+0.078%+ Points / potential airdropReya: Active · farm board+$8 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 Reya is 0.047% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5100	0.0100	pay 0.0100% / 8h	6h 56m	$288.3M	$890.0M	300x
Short	Reya XRPRUSDPERP	1.5103	0.0214	get 0.0027% / 1h	56m 03s	$1.3M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.022%Rate

Funding earned: $23.86
Price spread: +0.022% → −0.025%: $4.67
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $22.53
Costs to cover: 0.060%
Break-even: 0.4 days

Slippage unknown: MEXC: live order book, 8 min ago; Reya: no order-book sample. Net counts fees only.

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, 8 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	4.9 bp −$493	26.7 bp −$13.4K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5182	+0.543%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	+0.202%	$1.1M	$117K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5089	−0.072%	$267K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5090	−0.069%	$827K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.046%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5085	−0.099%	$14.7M	$72.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5095	−0.033%	$57K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5094	−0.041%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5097	−0.020%	$507K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5098	−0.013%	$11K	$288K	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	1.5105	+0.036%	$906K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5093	−0.043%	$38.2M	$84.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	+0.197%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5109	+0.058%	$532.2M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5107	+0.046%	$337.4M	$930.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5112	+0.079%	$121.6M	$864.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	+0.503%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5099	−0.007%	$114K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.682%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5096	−0.026%	$364.6M	$148.1M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5100	long leg	$288.3M	$890.0M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5093	−0.047%	$109.8M	$169.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5097	−0.020%	$263.2M	$381.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5094	−0.040%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5096	−0.025%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5219	+0.790%	$661K	$106.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.715%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5235	+0.894%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.199%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5108	+0.053%	$44K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5098	−0.015%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5096	−0.029%	$813K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5102	+0.010%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5092	−0.053%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5101	+0.008%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5095	−0.033%	$53.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.191%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5090	−0.067%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5096	−0.026%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5105	+0.033%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0114%	1h	1.5106	+0.040%	$280.2M	$221.8M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5099	−0.007%	$9.0M	$25.0M	50x	as long as short
Reya XRPRUSDPERPshort	+0.0214%	1h	1.5103	+0.022%	$1.3M	$7K	15x
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5098	−0.013%	$5.7M	$46.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5162	+0.411%	$24.0M	$73.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5182	+0.543%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5103	+0.020%	$1.9M	$35.2M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0324%	1h	1.5101	+0.007%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5101	+0.006%	$535K	$778K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.927%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0860%	1h	1.5226	+0.836%	$2K	$13K	10x	as long as short