XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0107%/8h= +11.8% APRnext payment +$0.13 per $10,000 · paid last 24h +0.011%

Price spread now: Backpack against ApeX Omni−0.164%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$320.317% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.164%, 7d avg −0.006%

Together, before fees+0.106%+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Backpack is 0.158% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of −0.006%). If the spread goes back, that is −$16 on $10k: about 4.9 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.022% in total) that is about 50 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5213	0.0100	pay 0.0013% / 1h	26m 40s	$1.0M	$787K	50x
Short	Backpack XRP_USDC_PERP	1.5188	0.0207	get 0.0026% / 1h	26m 40s	$1.7M	$901K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now −0.164%Rate

Funding earned: $22.55
Price spread: −0.164% → −0.006%: −$15.82
Slippage, 4 orders: −$11.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$25
Costs to cover: 0.317%
Break-even: 14.8 days

Slippage from ApeX Omni: live order book, 3 min ago; Backpack: live order book, 2 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, 3 min ago	3.29 bp	11.2 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell Backpack live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	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
GMX XRP/USD [ETH-USDC]	L −0.0207% / S +0.0293%	1h	1.5179	−0.226%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5198	−0.099%	$7K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0013%	1h	1.5180	−0.214%	$15.1M	$61.0M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5187	−0.171%	$1.1M	$103K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5230	+0.112%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5182	−0.204%	$9.0M	$23.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5181	−0.210%	$254K	—	150x	as long as short
Orderly PERP_XRP_USDC	+0.0045%	8h	1.5173	−0.263%	$180K	$781K	50x	as long as short
Injective XRP/USDC PERP	+0.0050%	1h	1.5090	−0.809%	$2K	$51K	30x	as long as short
Vest XRP-PERP	+0.0076%	1h	1.5183	−0.198%	—	$9K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5190	−0.154%	$2.9M	$10.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5196	−0.112%	$565K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5196	−0.112%	$12K	$241K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5179	−0.226%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5192	−0.139%	$38.7M	$70.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5191	−0.146%	$678K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5189	−0.159%	$542.5M	$1.80B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5196	−0.112%	$344.3M	$804.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	−0.085%	$123.9M	$811.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5192	−0.138%	$565K	$46K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5208	−0.033%	$115K	$626K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5191	−0.145%	$354.4M	$127.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5195	−0.118%	$311.5M	$779.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5187	−0.172%	$111.3M	$141.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.085%	$263.4M	$329.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5197	−0.105%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5189	−0.156%	$7.5M	$22.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5217	+0.026%	$661K	$92.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5200	−0.087%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5213	long leg	$1.0M	$787K	50x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5188	−0.164%	$52K	$464K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	−0.232%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	−0.247%	$817K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5180	−0.216%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5180	−0.217%	$28K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5173	−0.263%	$50.0M	$14.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5176	−0.243%	$54.4M	$27.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5194	−0.125%	$1.6M	$202K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5197	−0.107%	$474K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5200	−0.083%	$2.1M	$7.3M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5180	−0.218%	$73K	$37K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5198	−0.099%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5189	−0.158%	$5.3M	$41.1M	50x	as long as short
Backpack XRP_USDC_PERPshort	+0.0207%	1h	1.5188	−0.164%	$1.7M	$901K	25x
Reya XRPRUSDPERP	+0.0210%	1h	1.5177	−0.237%	$1.3M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0210%	8h	1.5188	−0.164%	$1.7M	$31.8M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5182	−0.204%	$23.4M	$63.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5213	0.000%	$19K	$45K	7x	as long as short
RISEx XRP/USDC	+0.0330%	1h	1.5201	−0.079%	$403K	$503K	10x	as long as short
Hyperliquid XRP	+0.0475%	1h	1.5205	−0.053%	$285.0M	$168.1M	20x	as long as short
Aftermath Perps XRPUSD	+0.0483%	1h	1.5199	−0.092%	$1K	$10K	10x	as long as short