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: SunX against MEXC+0.033%7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$490.489% of the position

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.112%+$11 on $10k

Price spread, last 4 days (all we have)−0.092%−$9 · spread now +0.033%, 7d avg +0.021%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5229	0.0100	pay 0.0100% / 8h	1h 25m	$304.3M	$926.7M	300x
Short	SunX XRP-USDT	1.5234	0.0100	get 0.0100% / 8h	1h 25m	$127K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → +0.021%: $1.26
Slippage, 4 orders: −$40.94
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$47.69
Costs to cover: 0.489%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; SunX: live order book, 10 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	0.7 bp −$7	5.7 bp −$573	21.6 bp −$10.8K
Sell SunX live order book, 10 min ago	16.30 bp	25.4 bp −$25	32.2 bp −$322	doesn't fit	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	1.5214	−0.098%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5221	−0.055%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.387%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	−0.020%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5232	+0.018%	$14.4M	$74.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.173%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5233	+0.026%	$7.7M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	−0.162%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5218	−0.072%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5227	−0.013%	$547K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5219	−0.066%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5225	−0.023%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5220	−0.058%	$38.6M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5217	−0.077%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5220	−0.059%	$534.0M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5225	−0.026%	$347.1M	$962.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5229	0.000%	$127.5M	$887.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.204%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5234	+0.033%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5218	−0.072%	$377.7M	$160.4M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5229	long leg	$304.3M	$926.7M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5210	−0.127%	$107.8M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5208	−0.138%	$268.3M	$397.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5217	−0.079%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5222	−0.047%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5165	−0.423%	$659K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5162	−0.440%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	−0.394%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5226	−0.020%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5233	+0.026%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5230	+0.006%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	−0.020%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.529%	$815K	$72K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5234	+0.033%	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5231	+0.013%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5229	+0.001%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5226	−0.020%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.473%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5222	−0.043%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5222	−0.048%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5234	+0.033%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5227	−0.013%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5172	−0.375%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5234	+0.033%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0187%	1h	1.5241	+0.079%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0198%	1h	1.5223	−0.039%	$289.5M	$265.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5228	−0.007%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	−0.006%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5205	−0.158%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5235	+0.038%	$532K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0606%	1h	1.5183	−0.301%	$2K	$16K	10x	as long as short