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: Bitget against MEXC+0.033%7-day average +0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$130.135% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.047%+$5 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.033%, 7d avg +0.003%

Together, before fees+0.021%+$2 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: Bitget is 0.031% dearer against MEXC than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5133	0.0100	pay 0.0100% / 8h	4h 16m	$290.1M	$901.7M	300x
Short	Bitget XRPUSDT	1.5138	0.0100	get 0.0100% / 8h	4h 16m	$267.9M	$384.9M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.003%: $3.05
Slippage, 4 orders: −$1.46
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$10.41
Costs to cover: 0.135%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Bitget: live order book, 3 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, 3 min ago	0.33 bp	0.3 bp $0	0.6 bp −$6	5.7 bp −$571	22.6 bp −$11.3K
Sell Bitget live order book, 3 min ago	0.33 bp	6.5 bp −$6	8.3 bp −$83	16.8 bp −$1,675	23.6 bp −$11.8K

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	1.5143	+0.066%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5151	+0.120%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5141	+0.055%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.112%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5154	+0.139%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5136	+0.020%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.822%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0044% / S +0.0024%	1h	1.5150	+0.110%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0088%	8h	1.5148	+0.099%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5145	+0.079%	$2.8M	$14.6M	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	1.5145	+0.079%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5137	+0.026%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5138	+0.031%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5152	+0.126%	$280.3M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5142	+0.059%	$38.3M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5143	+0.066%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5142	+0.059%	$534.1M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5139	+0.040%	$346.8M	$934.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5140	+0.046%	$126.0M	$873.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5132	−0.007%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5144	+0.073%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	+0.271%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5141	+0.053%	$369.0M	$154.3M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5133	long leg	$290.1M	$901.7M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5141	+0.051%	$108.0M	$174.6M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5138	+0.033%	$267.9M	$384.9M	125x
BingX XRP-USDC	+0.0100%	8h	1.5138	+0.033%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	+0.223%	$5.1M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5159	+0.172%	$660K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5139	+0.038%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5164	+0.205%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5139	+0.040%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5134	+0.005%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	+0.114%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	+0.120%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5153	+0.132%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5150	+0.112%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5153	+0.132%	$54.0M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5142	+0.058%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5142	+0.058%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5138	+0.036%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5146	+0.086%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5149	+0.108%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0180%	1h	1.5162	+0.192%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5154	+0.139%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0200%	1h	1.5150	+0.114%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5136	+0.021%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5152	+0.126%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5157	+0.159%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5147	+0.089%	$516K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5158	+0.165%	$2K	$15K	10x	as long as short