Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Paradex−0.072%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−$25as in the Price arb table

costs, in and out, $10k−$190.191% of the position

Long on Paradex Short on MEXC

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)+0.229%+$23 · spread now −0.072%, 7d avg −0.013%

Together, before fees+0.221%+ Points / potential airdropParadex: Active · farm board+$22 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 0.059% cheaper against Paradex than usual: you would sell low and buy high, −$6 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	Paradex XRP-USD-PERP	1.5453	0.0100	pay 0.0100% / 8h	6h 56m	$482K	$51K	50x
Short	MEXC XRP_USDT	1.5442	0.0100	get 0.0100% / 8h	6h 56m	$310.3M	$895.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Paradex. 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 ParadexbpFee MEXCbpOrdersPrice spread, now −0.072%Rate

Funding earned: $0.02
Price spread: −0.072% → −0.013%: −$5.86
Slippage, 4 orders: −$15.15
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: −$24.99
Costs to cover: 0.191%
Break-even: 7673.9 days

Slippage from Paradex: live order book, 38 min ago; MEXC: 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 Paradex live order book, 38 min ago	7.25 bp	9.3 bp −$9	162.8 bp −$1,628	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.32 bp	0.3 bp $0	0.5 bp −$5	4.2 bp −$425	21.0 bp −$10.5K

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	1.5445	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5437	−0.105%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	+0.239%	$70K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5432	−0.137%	$8.0M	$22.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+0.165%	$251K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0015%	1h	1.5425	−0.179%	$14.1M	$73.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.692%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5438	−0.095%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5431	−0.146%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5428	−0.163%	$621K	$3.1M	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	+0.0100%	8h	1.5438	−0.098%	$17K	$378K	20x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5453	long leg	$482K	$51K	50x
Nado XRP-PERP	+0.0100%	1h	1.5435	−0.114%	$993K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5421	−0.208%	$39.2M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5442	−0.071%	$610K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5418	−0.224%	$537.9M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5415	−0.247%	$359.6M	$905.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5416	−0.240%	$126.4M	$850.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5434	−0.124%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5444	−0.059%	$167K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5425	−0.185%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5438	−0.098%	$386.1M	$155.8M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5442	−0.072%	$310.3M	$895.1M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5439	−0.089%	$109.6M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5426	−0.176%	$273.1M	$360.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5437	−0.104%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5471	+0.113%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5462	+0.057%	$672K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	+0.197%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5492	+0.251%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5444	−0.060%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5442	−0.072%	$53K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5440	−0.087%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5437	−0.104%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5430	−0.152%	$130K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5426	−0.176%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5426	−0.176%	$50.3M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5423	−0.195%	$54.8M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5428	−0.162%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5441	−0.080%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5440	−0.085%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5427	−0.169%	$5.3M	$45.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0145% / S −0.0112%	1h	1.5436	−0.114%	$827K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0148%	1h	1.5458	+0.031%	$2.0M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5451	−0.014%	$1.7M	$32.9M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5443	−0.066%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5420	−0.215%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5442	−0.069%	$516K	$796K	10x	as long as short
Hyperliquid XRP	+0.0293%	1h	1.5456	+0.018%	$298.8M	$266.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0488%	1h	1.5458	+0.032%	$3K	$15K	10x	as long as short