Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against ApeX Omni+0.053%53s7-day average −0.052% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.241% of the position

Long on ApeX Omni Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−1.892%−$189 · spread now +0.053%, 7d avg −0.052%

Together, before fees−1.892%−$189 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: Arcus is 0.104% dearer against ApeX Omni than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.052%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5223	0.0100	pay 0.0013% / 1h	50m 15s	$1.2M	$1.2M	50x
Short	Arcus XRP-USD	1.5231	0.0100	get 0.0013% / 1h	50m 15s	$143K	$713K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against ApeX Omni. 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 ApeX OmnibpFee ArcusbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → −0.052%: $10.44
Slippage, 4 orders: −$9.59
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$13.65
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Arcus: live order book, 49 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 ApeX Omni live order book, 4 min ago	1.64 bp	7.5 bp −$7	12.0 bp −$120	doesn't fit	doesn't fit
Sell Arcus live order book, 49 min ago	0.99 bp	4.9 bp −$5	8.9 bp −$89	28.0 bp −$2,798	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5206	−0.110%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5228	+0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	+0.021%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.151%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5208	−0.099%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5233	+0.063%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.214%	$2K	$107K	30x	as long as short
Phemex XRPUSDT	+0.0035%	8h	1.5205	−0.118%	$54.3M	$32.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5233	+0.063%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5204	−0.122%	$2.8M	$14.5M	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	1.5209	−0.092%	$607K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5217	−0.039%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5225	+0.011%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5205	−0.119%	$38.5M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5231	+0.053%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5204	−0.125%	$530.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5201	−0.145%	$352.8M	$946.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5201	−0.145%	$126.9M	$860.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−0.105%	$566K	$33K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5231	+0.053%	$143K	$713K	20x
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.220%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5212	−0.072%	$379.3M	$151.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5205	−0.118%	$313.9M	$912.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5208	−0.099%	$106.5M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.151%	$269.6M	$385.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5212	−0.072%	—	$108.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	+0.020%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.058%	$661K	$112.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5218	−0.033%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5223	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5226	+0.017%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5221	−0.013%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5213	−0.068%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5210	−0.085%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.109%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5209	−0.090%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5204	−0.125%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5231	+0.052%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5230	+0.049%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5199	−0.157%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5204	−0.122%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0114% / S −0.0077%	1h	1.5209	−0.093%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5228	+0.033%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5210	−0.085%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5229	+0.039%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0210%	1h	1.5230	+0.045%	$290.9M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5233	+0.066%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5211	−0.077%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0275%	1h	1.5241	+0.118%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5230	+0.047%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0537%	1h	1.5212	−0.070%	$3K	$16K	10x	as long as short