Funding arb · Price arb /

XRP

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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: BingX against MEXC−0.020%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.020%, 7d avg −0.045%

Together, before fees+0.066%+$7 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: BingX is 0.025% dearer against MEXC than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5129	0.0100	pay 0.0100% / 8h	6h 15m	$290.7M	$916.2M	300x
Short	BingX XRP-USDC	1.5126	0.0100	get 0.0100% / 8h	6h 15m	—	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now −0.020%Rate

Funding earned: $0
Price spread: −0.020% → −0.045%: $2.48
Slippage, 4 orders: −$8.11
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$15.63
Costs to cover: 0.181%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: 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 MEXC live order book, 4 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	3.5 bp −$353	19.3 bp −$9,652
Sell BingX live order book, 5 min ago	0.66 bp	9.4 bp −$9	13.0 bp −$130	26.9 bp −$2,690	81.1 bp −$40.5K

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	1.5121	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5121	−0.053%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.205%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5118	−0.069%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5120	−0.059%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.849%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5119	−0.064%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5122	−0.046%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5123	−0.040%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5127	−0.013%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5127	−0.013%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5118	−0.073%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5126	−0.022%	$935K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5128	−0.009%	$38.4M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5128	−0.006%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5128	−0.007%	$536.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5126	−0.020%	$340.5M	$940.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5133	+0.026%	$124.1M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	+0.007%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5132	+0.020%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5125	−0.029%	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	−0.013%	$368.0M	$152.8M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5129	long leg	$290.7M	$916.2M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5125	−0.025%	$106.9M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5130	+0.007%	$266.5M	$384.7M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5126	−0.020%	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5120	−0.061%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	+0.032%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.155%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	+0.033%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.006%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5131	+0.013%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	−0.003%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5125	−0.026%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5133	+0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	−0.053%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5122	−0.048%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5124	−0.033%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.003%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5125	−0.028%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5122	−0.046%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5132	+0.020%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0184%	1h	1.5138	+0.059%	$280.1M	$222.3M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5127	−0.013%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5125	−0.026%	$5.7M	$46.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5128	−0.009%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5129	0.000%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5131	+0.013%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5133	+0.028%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5144	+0.098%	$2K	$14K	10x	as long as short