Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni−0.191%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days+0.190%+$19 · spread now −0.191%, 7d avg −0.037%

Together, before fees+0.122%+$12 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: Bybit is 0.155% cheaper against ApeX Omni than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5147	0.0100	pay 0.0013% / 1h	55m 18s	$1.2M	$1.1M	50x
Short	Bybit XRPUSDT	1.5118	0.0100	get 0.0100% / 8h	2h 55m	$342.1M	$950.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.191%Rate

Funding earned: $0
Price spread: −0.191% → −0.037%: −$15.46
Slippage, 4 orders: −$5.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$41.53
Costs to cover: 0.261%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Bybit: live order book, 4 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	1.33 bp	6.5 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.33 bp	5.8 bp −$6	6.7 bp −$67	14.0 bp −$1,398	29.3 bp −$14.7K

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	1.5126	−0.139%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5126	−0.136%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5119	−0.183%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5125	−0.145%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5112	−0.228%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.727%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5111	−0.239%	$793K	—	200x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5113	−0.224%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5123	−0.157%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5127	−0.132%	$497K	$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	1.5104	−0.284%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5109	−0.253%	$941K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5118	−0.191%	$289.7M	$257.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5123	−0.158%	$38.9M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5117	−0.199%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5123	−0.156%	$531.7M	$2.18B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5118	−0.191%	$342.1M	$950.3M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	−0.165%	$125.1M	$888.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	−0.152%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5115	−0.211%	$137K	$717K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5109	−0.251%	$372.4M	$155.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5108	−0.257%	$293.9M	$903.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5110	−0.242%	$107.8M	$179.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5120	−0.178%	$268.2M	$392.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5114	−0.218%	—	$128.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.054%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5127	−0.130%	$657K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.062%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5147	long leg	$1.2M	$1.1M	50x
Vest XRP-PERP	+0.0100%	1h	1.5114	−0.215%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5112	−0.231%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5109	−0.251%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5120	−0.178%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5120	−0.176%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5115	−0.214%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5124	−0.152%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5126	−0.138%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5125	−0.145%	$53.9M	$31.7M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.261%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5112	−0.232%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5116	−0.202%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5117	−0.198%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5133	−0.092%	$1.8M	$35.5M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5128	−0.125%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5106	−0.268%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5121	−0.172%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0246%	1h	1.5144	−0.020%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5137	−0.065%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5115	−0.214%	$515K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5140	−0.046%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0630%	1h	1.5123	−0.161%	$2K	$15K	10x	as long as short