Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against KuCoin−0.124%7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.116%+$12 · spread now −0.124%, 7d avg −0.007%

Together, before fees+0.103%+$10 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 0.117% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5118	0.0100	pay 0.0100% / 8h	6h 56m	$109.9M	$169.4M	75x
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 KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → −0.007%: −$11.74
Slippage, 4 orders: −$8.79
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$32.53
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; MEXC: live order book, 8 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 KuCoin live order book, 8 min ago	0.88 bp	10.4 bp −$10	13.6 bp −$136	31.3 bp −$3,126	doesn't fit
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

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	+0.425%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	+0.084%	$1.1M	$117K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5089	−0.189%	$267K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5090	−0.187%	$827K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.925%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5085	−0.216%	$14.7M	$72.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5095	−0.151%	$57K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5094	−0.158%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5097	−0.138%	$507K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5098	−0.131%	$11K	$288K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5105	−0.081%	$906K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5100	−0.117%	$38.2M	$84.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	+0.079%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5095	−0.151%	$531.7M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5096	−0.144%	$337.7M	$929.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5093	−0.164%	$121.6M	$863.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	+0.385%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5099	−0.124%	$114K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.564%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5092	−0.171%	$364.5M	$148.1M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5099	−0.124%	$288.1M	$889.8M	300x
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5118	long leg	$109.9M	$169.4M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5092	−0.171%	$263.1M	$381.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5089	−0.191%	—	$126.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5096	−0.143%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5219	+0.671%	$661K	$106.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.597%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5235	+0.775%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.081%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5108	−0.065%	$44K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5098	−0.133%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5096	−0.147%	$813K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5102	−0.108%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5092	−0.171%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5101	−0.110%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5095	−0.151%	$53.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.073%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5090	−0.184%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5096	−0.143%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5105	−0.085%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0130%	1h	1.5114	−0.025%	$280.4M	$221.7M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5099	−0.124%	$9.0M	$25.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5103	−0.096%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5098	−0.131%	$5.7M	$46.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5162	+0.292%	$24.0M	$73.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5182	+0.424%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0323%	8h	1.5103	−0.098%	$1.9M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5101	−0.112%	$535K	$778K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0485%	1h	1.5170	+0.345%	$1.9M	$1.3M	25x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.808%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0860%	1h	1.5226	+0.717%	$2K	$13K	10x	as long as short