Funding arb · Price arb /

XRP

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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: Variational Omni against MEXC−0.277%7-day average −0.004% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.009%+$1 on $10k

Price spread, last 7 days+0.271%+$27 · spread now −0.277%, 7d avg −0.004%

Together, before fees+0.280%+ Points / potential airdropVariational Omni: Active · farm board+$28 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: Variational Omni is 0.273% cheaper against MEXC than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5240	0.0100	pay 0.0100% / 8h	1h 16m	$311.4M	$931.3M	300x
Short	Variational Omni XRP	1.5198	0.0100	get 0.0100% / 8h	1h 16m	$4.8M	$38.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.277%Rate

Funding earned: $0
Price spread: −0.277% → −0.004%: −$27.29
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$27.29
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 3 min ago	0.33 bp	0.3 bp $0	0.4 bp −$4	4.8 bp −$477	22.4 bp −$11.2K
Sell Variational Omni RFQ quote, 3 min ago	2.04 bp	doesn't fit	2.2 bp −$22	18.4 bp −$1,839	doesn't fit

XRP on 50 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	1.5243	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5241	+0.009%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.131%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5244	+0.027%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5244	+0.026%	$7.9M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5238	−0.014%	$14.5M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.100%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0089% / S −0.0042%	1h	1.5239	−0.010%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5240	+0.003%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5240	0.000%	$548K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5234	−0.039%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5244	+0.023%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5240	+0.002%	$38.7M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5243	+0.022%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5240	+0.002%	$535.1M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5236	−0.026%	$349.6M	$965.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5239	−0.007%	$128.0M	$885.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5239	−0.007%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5244	+0.026%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5238	−0.013%	$378.3M	$161.4M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5240	long leg	$311.4M	$931.3M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5241	+0.005%	$107.8M	$182.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5237	−0.020%	$269.5M	$397.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5235	−0.033%	—	$4.2M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5198	−0.277%	$4.8M	$38.5M	—
edgeX XRPUSDC	+0.0100%	4h	1.5231	−0.056%	$662K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	−0.003%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.236%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5245	+0.033%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5241	+0.007%	$65K	$508K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5241	+0.004%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5239	−0.007%	$76K	$685K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5247	+0.043%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5241	+0.007%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5238	−0.014%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5242	+0.013%	$54.6M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.223%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5247	+0.047%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5235	−0.032%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5240	+0.001%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5248	+0.052%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5247	+0.044%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5247	+0.046%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5254	+0.092%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0216%	1h	1.5253	+0.085%	$290.8M	$265.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5249	+0.059%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5245	+0.033%	$23.7M	$78.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0225%	8h	1.5245	+0.033%	$1.8M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5243	+0.022%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0657%	1h	1.5232	−0.051%	$2K	$16K	10x	as long as short