Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against SoDEX+0.126%7-day average +0.004% · 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+$3as in the Price arb table

costs, in and out, $10k−$90.093% of the position

Long on SoDEX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.126%, 7d avg +0.004%

Together, before fees−0.068%−$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: MEXC is 0.122% dearer against SoDEX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5091	0.0100	pay 0.0013% / 1h	36m 40s	$29K	$1.7M	10x
Short	MEXC XRP_USDT	1.5110	0.0100	get 0.0100% / 8h	6h 36m	$287.7M	$906.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against SoDEX. 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 SoDEXbpFee MEXCbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → +0.004%: $12.16
Slippage, 4 orders: −$1.33
Fee SoDEX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $2.84
Costs to cover: 0.093%
Break-even: from the start

Slippage from SoDEX: live order book, 2 min ago; MEXC: 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 SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	7.9 bp −$79	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	6.0 bp −$600	28.7 bp −$14.4K

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	1.5078	−0.086%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5095	+0.028%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5100	+0.060%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5082	−0.063%	$252K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0021% / S +0.0063%	1h	1.5088	−0.020%	$827K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.108%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5088	−0.018%	$14.6M	$72.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5083	−0.053%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5104	+0.084%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5104	+0.086%	$516K	$3.3M	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	+0.0100%	8h	1.5110	+0.126%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5098	+0.050%	$795K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5098	+0.048%	$38.4M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5106	+0.102%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5110	+0.124%	$536.6M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5110	+0.126%	$339.6M	$944.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5110	+0.126%	$123.5M	$870.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5069	−0.146%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5116	+0.166%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	+0.066%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5109	+0.119%	$366.6M	$151.2M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5110	+0.126%	$287.7M	$906.4M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5099	+0.055%	$106.5M	$172.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5109	+0.119%	$265.2M	$385.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5111	+0.133%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.047%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5093	+0.013%	$655K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5084	−0.048%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5108	+0.113%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5096	+0.036%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5100	+0.060%	$45K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5097	+0.040%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5085	−0.040%	$812K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5100	+0.060%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5091	long leg	$29K	$1.7M	10x
HTX XRP-USDT	+0.0100%	8h	1.5088	−0.017%	$49.4M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5092	+0.007%	$53.6M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5112	+0.138%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5107	+0.104%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5083	−0.054%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5120	+0.192%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5091	0.000%	$7.6M	$25.4M	50x	as long as short
Hyperliquid XRP	+0.0199%	1h	1.5111	+0.133%	$279.4M	$220.8M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5095	+0.029%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5093	+0.013%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.676%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5089	−0.015%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5105	+0.093%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5097	+0.040%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5121	+0.198%	$535K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5109	+0.119%	$2K	$14K	10x	as long as short