Funding arb · Price arb /

XRP

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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: MEXC against Reya−0.028%7-day average +0.025% · you buy dearer than you sell

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

Long on Reya Short on MEXC

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+0.038%+$4 · spread now −0.028%, 7d avg +0.025%

Together, before fees−0.072%+ Points / potential airdropReya: Active · farm board−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.053% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XRPRUSDPERP	1.5103	0.0214	pay 0.0027% / 1h	56m 24s	$1.3M	$7K	15x
Short	MEXC XRP_USDT	1.5099	0.0100	get 0.0100% / 8h	6h 56m	$288.1M	$889.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Reya. 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 ReyabpFee MEXCbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$23.86
Price spread: −0.028% → +0.025%: −$5.33
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.19
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; MEXC: live order book, 8 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 Reya no order-book sample	—	—	—	—	—
Sell MEXC live order book, 8 min ago	0.33 bp	0.3 bp $0	0.6 bp −$6	7.1 bp −$708	21.3 bp −$10.6K

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	+0.521%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	+0.180%	$1.1M	$117K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5089	−0.093%	$267K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5090	−0.091%	$827K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.024%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5176	+0.481%	$14.2M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5182	+0.521%	$57K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5182	+0.521%	$9.1M	$24.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5144	+0.269%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5147	+0.290%	$505K	$3.2M	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	1.5098	−0.035%	$11K	$288K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5105	+0.015%	$906K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5093	−0.068%	$38.2M	$84.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	+0.176%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5091	−0.081%	$531.5M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5090	−0.088%	$337.7M	$929.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5112	+0.058%	$121.5M	$863.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	+0.482%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5099	−0.028%	$114K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.660%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5095	−0.055%	$364.7M	$147.5M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5099	−0.028%	$288.1M	$889.8M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5118	+0.096%	$109.9M	$169.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5104	+0.005%	$264.1M	$381.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5089	−0.094%	—	$126.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.745%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5219	+0.768%	$661K	$106.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.693%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5235	+0.872%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.177%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5108	+0.031%	$44K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5098	−0.037%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5182	+0.521%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5184	+0.532%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5178	+0.495%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5179	+0.499%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5179	+0.501%	$53.9M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.169%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5094	−0.062%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5179	+0.501%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5105	+0.011%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0130%	1h	1.5114	+0.071%	$280.4M	$221.7M	20x	as long as short
Reya XRPRUSDPERPlong	+0.0214%	1h	1.5103	long leg	$1.3M	$7K	15x
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5185	+0.541%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5162	+0.389%	$24.0M	$73.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5182	+0.521%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5200	+0.640%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5101	−0.016%	$535K	$778K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0485%	1h	1.5170	+0.442%	$1.9M	$1.3M	25x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.905%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0860%	1h	1.5226	+0.814%	$2K	$13K	10x	as long as short