Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against MEXC−0.007%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2712.707% of the position

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.089%−$9 on $10k

Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.007%, 7d avg −0.003%

Together, before fees−0.003%$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5145	0.0100	pay 0.0100% / 8h	3h 13m	$297.6M	$907.4M	300x
Short	gTrade (Gains Network) XRP/USD	1.5144	L +0.0003% / S −0.0004%	get 0.0001% / 1h	13m 57s	$258K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.007%Rate

Funding earned: −$20.1
Price spread: −0.007% → −0.003%: −$0.48
Slippage, 4 orders: −$260.74
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$291.31
Costs to cover: 2.707%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 40 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, 5 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	6.2 bp −$620	29.0 bp −$14.5K
Sell gTrade (Gains Network) virtual book (oracle venue), 40 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	doesn't fit

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	1.5160	+0.099%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5149	+0.028%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5144	−0.007%	$258K	—	150x
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5148	+0.020%	$7.7M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5146	+0.007%	$14.4M	$74.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.740%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5144	−0.007%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5149	+0.029%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5151	+0.040%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5150	+0.033%	$9K	$351K	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	1.5148	+0.023%	$975K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.013%	$39.0M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5151	+0.038%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5147	+0.012%	$533.9M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5148	+0.020%	$344.4M	$945.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5149	+0.026%	$125.8M	$883.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5148	+0.020%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5155	+0.066%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.129%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5146	+0.007%	$372.0M	$157.0M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5145	long leg	$297.6M	$907.4M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	+0.022%	$109.2M	$178.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5150	+0.033%	$269.1M	$390.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5147	+0.013%	—	$127.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.039%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5166	+0.142%	$659K	$110.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5154	+0.062%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	+0.158%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	+0.038%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5152	+0.046%	$45K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5147	+0.013%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5145	0.000%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5145	+0.003%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5152	+0.048%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5145	0.000%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5152	+0.048%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5148	+0.020%	$53.9M	$31.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5147	+0.011%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5146	+0.008%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5143	−0.011%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5156	+0.073%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5153	+0.053%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5148	+0.021%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5156	+0.073%	$24.2M	$75.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0233%	8h	1.5156	+0.073%	$1.9M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0249%	1h	1.5156	+0.073%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5163	+0.119%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5154	+0.057%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0405%	1h	1.5163	+0.119%	$297.7M	$251.6M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	+0.099%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0648%	1h	1.5166	+0.137%	$2K	$15K	10x	as long as short