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: MEXC against Paradex+0.017%7-day average −0.013% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$11as in the Price arb table

costs, in and out, $10k−$140.139% of the position

Long on Paradex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now +0.017%, 7d avg −0.013%

Together, before fees+0.014%+ Points / potential airdropParadex: Active · farm board+$1 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 0.030% dearer against Paradex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex XRP-USD-PERP	1.5200	0.0100	pay 0.0100% / 8h	3h 44m	$474K	$55K	50x
Short	MEXC XRP_USDT	1.5203	0.0100	get 0.0100% / 8h	3h 44m	$293.1M	$899.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Paradex. 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 ParadexbpFee MEXCbpOrdersPrice spread, now +0.017%Rate

Funding earned: $0
Price spread: +0.017% → −0.013%: $3.01
Slippage, 4 orders: −$9.88
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: −$10.87
Costs to cover: 0.139%
Break-even: never at this rate

Slippage from Paradex: live order book, 10 min ago; MEXC: 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 Paradex live order book, 10 min ago	4.61 bp	6.6 bp −$7	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	4.2 bp −$420	21.2 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	1.5204	+0.023%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5195	−0.037%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	+0.005%	$262K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5211	+0.067%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.365%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5202	+0.008%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5216	+0.102%	$7.8M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	−0.002%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5204	+0.023%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5200	−0.003%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5202	+0.010%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5202	+0.013%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5204	+0.022%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5200	−0.001%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5204	+0.024%	$534.6M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5204	+0.023%	$346.7M	$941.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5208	+0.050%	$127.1M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.049%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5209	+0.056%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.128%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5199	−0.010%	$371.3M	$153.9M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5203	+0.017%	$293.1M	$899.5M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5205	+0.030%	$109.1M	$176.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5201	+0.004%	$269.2M	$388.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5204	+0.023%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	+0.009%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.077%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.050%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5213	+0.082%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	+0.026%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	+0.023%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5204	+0.025%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5213	+0.081%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	+0.012%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5211	+0.069%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5209	+0.056%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5205	+0.030%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERPlong	+0.0100%	8h	1.5200	long leg	$474K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5200	−0.001%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5210	+0.061%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5210	+0.063%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5216	+0.102%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5200	−0.002%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	+0.036%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5202	+0.011%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5207	+0.043%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5217	+0.109%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0310%	1h	1.5218	+0.115%	$292.8M	$234.7M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5209	+0.055%	$518K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.129%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0661%	1h	1.5212	+0.073%	$2K	$15K	10x	as long as short