Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against SunX+0.003%7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$480.483% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.112%−$11 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.003%, 7d avg −0.020%

Together, before fees−0.035%−$4 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 0.023% dearer against SunX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5495	0.0100	pay 0.0100% / 8h	38m 45s	$130K	$1.8M	30x
Short	MEXC XRP_USDT	1.5496	0.0100	get 0.0100% / 8h	38m 45s	$296.7M	$873.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SunX. 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 SunXbpFee MEXCbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → −0.020%: $2.35
Slippage, 4 orders: −$40.29
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$45.94
Costs to cover: 0.483%
Break-even: never at this rate

Slippage from SunX: live order book, 7 min ago; MEXC: live order book, 5 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 SunX live order book, 7 min ago	16.31 bp	21.6 bp −$22	24.8 bp −$248	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.32 bp	0.3 bp $0	0.3 bp −$3	2.6 bp −$263	15.0 bp −$7,491

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	1.5501	+0.035%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5485	−0.070%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5550	+0.352%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5489	−0.040%	$259K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0103%	1h	1.5487	−0.053%	$852K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0008%	1h	1.5490	−0.035%	$9.6M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5484	−0.074%	$15.5M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5491	−0.029%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.416%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5487	−0.054%	$3.0M	$12.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5491	−0.029%	$441K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5507	+0.077%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5483	−0.080%	$39.4M	$80.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	−0.034%	$637K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5486	−0.059%	$554.6M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5494	−0.010%	$347.1M	$918.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5497	+0.010%	$126.8M	$885.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5473	−0.145%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5497	+0.010%	$116K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5506	+0.067%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5478	−0.113%	$372.6M	$144.3M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5496	+0.003%	$296.7M	$873.4M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5485	−0.067%	$112.8M	$163.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5489	−0.042%	$270.6M	$372.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5493	−0.016%	—	$121.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5522	+0.168%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5529	+0.214%	$674K	$103.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5516	+0.134%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5524	+0.184%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5499	+0.024%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5500	+0.029%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5490	−0.032%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5492	−0.020%	$834K	$81K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5495	long leg	$130K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5486	−0.061%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5490	−0.036%	$50.8M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5482	−0.087%	$55.1M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5494	−0.007%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5501	+0.035%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5474	−0.140%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5490	−0.033%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5501	+0.035%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5494	−0.011%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5488	−0.048%	$24.5M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5493	−0.016%	$5.9M	$47.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5527	+0.204%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5508	+0.081%	$2.0M	$34.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0323%	1h	1.5492	−0.023%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0600%	1h	1.5503	+0.048%	$294.6M	$209.6M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5509	+0.086%	$504K	$633K	10x	as long as short
Aftermath Perps XRPUSD	+0.0794%	1h	1.5552	+0.365%	$1K	$11K	10x	as long as short