Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0237%/8h= −25.9% APRpaid last 24h −0.115%

Price spread now: MEXC against RISEx−0.084%7-day average −0.045% · 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−$17as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.340%−$34 on $10k

Price spread, last 4 days (all we have)+0.032%+$3 · spread now −0.084%, 7d avg −0.045%

Together, before fees−0.308%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.039% cheaper against RISEx than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx XRP/USDC	1.5209	0.0337	pay 0.0042% / 1h	35m 08s	$522K	$798K	10x
Short	MEXC XRP_USDT	1.5196	0.0100	get 0.0100% / 8h	7h 35m	$312.9M	$915.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$49.67
Price spread: −0.084% → −0.045%: −$3.91
Slippage, 4 orders: −$6.96
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$66.55
Costs to cover: 0.130%
Break-even: never at this rate

Slippage from RISEx: live order book, 63 min ago; MEXC: live order book, 4 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 RISEx live order book, 63 min ago	2.90 bp	5.9 bp −$6	9.6 bp −$96	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.33 bp	0.8 bp −$1	1.0 bp −$10	5.2 bp −$517	28.3 bp −$14.1K

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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5195	−0.090%	$14.7M	$74.9M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	+0.060%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5200	−0.058%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5220	+0.073%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5198	−0.071%	$7.7M	$23.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	−0.071%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.309%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5214	+0.036%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5196	−0.083%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5201	−0.052%	$620K	$3.1M	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	1.5203	−0.038%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5201	−0.048%	$994K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5196	−0.084%	$38.5M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5201	−0.050%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5196	−0.084%	$529.7M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5194	−0.098%	$354.6M	$940.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5196	−0.084%	$126.7M	$852.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.236%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	−0.025%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.052%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5196	−0.084%	$374.6M	$153.1M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5196	−0.084%	$312.9M	$915.1M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5196	−0.084%	$106.1M	$183.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5195	−0.091%	$268.9M	$381.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5196	−0.084%	—	$108.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	−0.058%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.098%	$662K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	−0.147%	$1.1M	$33.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.086%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5207	−0.015%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5206	−0.019%	$52K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5200	−0.059%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5199	−0.065%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	−0.008%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	−0.044%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5195	−0.091%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5203	−0.040%	$49.6M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	−0.084%	$54.3M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5203	−0.038%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5191	−0.120%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5194	−0.094%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0118% / S −0.0083%	1h	1.5196	−0.087%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5207	−0.012%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5200	−0.058%	$5.5M	$47.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5207	−0.012%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0188%	1h	1.5211	+0.014%	$290.7M	$267.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5196	−0.084%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5192	−0.112%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0228%	1h	1.5206	−0.019%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDClong	+0.0337%	1h	1.5209	long leg	$522K	$798K	10x
Aftermath Perps XRPUSD	+0.0554%	1h	1.5210	+0.010%	$3K	$16K	10x	as long as short