Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Ondo Perps+0.405%7-day average +0.054% · you sell dearer than you buy

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

Long on Ondo Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)−0.254%−$25 · spread now +0.405%, 7d avg +0.054%

Together, before fees−0.232%+ Points / potential airdropOndo Perps: Active · farm board−$23 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: MEXC is 0.350% dearer against Ondo Perps than usual: you sell high and buy low, +$35 on $10k if it goes back to its 7-day average of +0.054%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps XRP-USD.P	1.5069	0.0100	pay 0.0013% / 1h	36m 21s	$561K	$28K	5x
Short	MEXC XRP_USDT	1.5130	0.0100	get 0.0100% / 8h	6h 36m	$289.4M	$906.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Ondo Perps. 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 Ondo PerpsbpFee MEXCbpOrdersPrice spread, now +0.405%Rate

Funding earned: $0
Price spread: +0.405% → +0.054%: $35.04
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: $30.04
Costs to cover: 0.050%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; MEXC: live order book, 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	6.0 bp −$600	28.7 bp −$14.4K

Ondo Perps: 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	1.5078	+0.060%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5095	+0.174%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5100	+0.206%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5124	+0.365%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0062%	1h	1.5123	+0.355%	$801K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.258%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5128	+0.393%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5127	+0.385%	$58K	$947K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	+0.421%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5135	+0.438%	$517K	$3.3M	20x	as long as short

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	1.5110	+0.272%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5110	+0.270%	$800K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5128	+0.394%	$38.5M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5106	+0.248%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5133	+0.425%	$537.4M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5130	+0.405%	$340.2M	$944.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5130	+0.405%	$123.6M	$872.3M	100x	as long as short
Ondo Perps XRP-USD.Plong	+0.0100%	1h	1.5069	long leg	$561K	$28K	5x
Arcus XRP-USD	+0.0100%	1h	1.5116	+0.312%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	+0.212%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	+0.385%	$367.0M	$151.2M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5130	+0.405%	$289.4M	$906.9M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5126	+0.381%	$106.7M	$172.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5129	+0.398%	$265.5M	$385.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5120	+0.338%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5126	+0.379%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5093	+0.159%	$655K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	+0.098%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5108	+0.259%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5115	+0.305%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5129	+0.398%	$45K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5128	+0.391%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5131	+0.409%	$814K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5136	+0.445%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5130	+0.405%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5130	+0.405%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5130	+0.405%	$53.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5112	+0.284%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5124	+0.363%	$2.0M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5130	+0.401%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5120	+0.338%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0206%	1h	1.5138	+0.458%	$279.9M	$220.8M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5124	+0.367%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5138	+0.458%	$5.7M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.823%	$24.0M	$75.2M	125x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0279%	1h	1.5133	+0.425%	$7.6M	$25.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5094	+0.164%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5105	+0.239%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0342%	8h	1.5112	+0.285%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5121	+0.345%	$535K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0798%	1h	1.5117	+0.317%	$2K	$14K	10x	as long as short