Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: MEXC against Extended+0.059%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$70.065% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 7 days−0.048%−$5 · spread now +0.059%, 7d avg +0.037%

Together, before fees−0.174%+ Points / potential airdropExtended: Active · farm board−$17 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 0.022% dearer against Extended than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended XRP-USD	1.5222	0.0104	pay 0.0013% / 1h	14m 26s	$2.1M	$6.9M	50x
Short	MEXC XRP_USDT	1.5231	0.0100	get 0.0100% / 8h	1h 14m	$311.6M	$931.6M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$0.84
Price spread: +0.059% → +0.037%: $2.18
Slippage, 4 orders: −$1.53
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$5.19
Costs to cover: 0.065%
Break-even: never at this rate

Slippage from Extended: live order book, 5 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 Extended live order book, 5 min ago	0.33 bp	2.8 bp −$3	5.0 bp −$50	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	4.4 bp −$444	22.1 bp −$11.0K

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	1.5233	+0.072%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5224	+0.013%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.249%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5223	+0.006%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5233	+0.073%	$14.5M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.220%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5237	+0.098%	$7.9M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0089% / S −0.0042%	1h	1.5223	+0.004%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5234	+0.078%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5237	+0.098%	$548K	$3.2M	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	+0.0099%	8h	1.5222	−0.001%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5234	+0.082%	$996K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5227	+0.031%	$38.6M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5234	+0.080%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5225	+0.020%	$534.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5221	−0.007%	$349.1M	$966.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5224	+0.013%	$128.0M	$882.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5239	+0.111%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5234	+0.078%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5229	+0.045%	$378.2M	$161.6M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5231	+0.059%	$311.6M	$931.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5234	+0.078%	$107.9M	$182.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5219	−0.020%	$269.1M	$396.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5229	+0.045%	—	$105.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5233	+0.071%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5248	+0.172%	$664K	$114.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	+0.115%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5258	+0.236%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5230	+0.054%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5227	+0.032%	$64K	$492K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5227	+0.032%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5231	+0.059%	$75K	$695K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5238	+0.108%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5234	+0.078%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5238	+0.103%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5233	+0.072%	$54.6M	$32.6M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.106%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5240	+0.119%	$475K	$54K	50x	as long as short
Extended XRP-USDlong	+0.0104%	1h	1.5222	long leg	$2.1M	$6.9M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5231	+0.059%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5228	+0.039%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5239	+0.110%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5231	+0.059%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5245	+0.151%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0215%	1h	1.5236	+0.091%	$290.1M	$265.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5219	−0.019%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5234	+0.078%	$23.6M	$78.3M	125x	as long as short
Kalshi KXXRPPERP	+0.0225%	8h	1.5242	+0.131%	$1.8M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5232	+0.064%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5235	+0.083%	$2K	$16K	10x	as long as short