Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against ApeX Omni+0.269%7-day average −0.038% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.092%−$9 · spread now +0.269%, 7d avg −0.038%

Together, before fees−0.089%−$9 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: Derive is 0.307% dearer against ApeX Omni than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5280	0.0100	pay 0.0013% / 1h	25m 05s	$1.0M	$850K	50x
Short	Derive XRP-PERP	1.5321	0.0100	get 0.0013% / 1h	25m 05s	$825K	$70K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.269%Rate

Funding earned: $0
Price spread: +0.269% → −0.038%: $30.75
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $14.75
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.

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	4.59 bp	9.7 bp −$10	14.2 bp −$142	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0210% / S +0.0297%	1h	1.5329	+0.318%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5265	−0.098%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5323	+0.279%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5320	+0.262%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5324	+0.288%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5329	+0.319%	$257K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	+0.065%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5321	+0.268%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5323	+0.282%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5324	+0.288%	$445K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5340	+0.396%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5324	+0.289%	$38.9M	$71.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5327	+0.310%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5343	+0.410%	$548.6M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5346	+0.432%	$343.5M	$836.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5345	+0.425%	$123.6M	$833.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5297	+0.111%	$569K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5341	+0.399%	$115K	$647K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.516%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5333	+0.347%	$367.7M	$131.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5330	+0.327%	$288.7M	$806.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5319	+0.258%	$113.5M	$147.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5335	+0.360%	$266.6M	$339.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5333	+0.347%	—	$113.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5321	+0.268%	$6.3M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5269	−0.070%	$665K	$95.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5309	+0.187%	$1.1M	$41.8M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5280	long leg	$1.0M	$850K	50x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	+0.432%	$49K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5330	+0.328%	$42K	$59K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5321	+0.269%	$825K	$70K	10x
SunX XRP-USDT	+0.0100%	8h	1.5326	+0.303%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5320	+0.262%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5326	+0.298%	$50.4M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5323	+0.281%	$54.8M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5334	+0.356%	$478K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5333	+0.344%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5345	+0.425%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5321	+0.270%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5320	+0.263%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5345	+0.425%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0155%	1h	1.5345	+0.425%	$1.7M	$925K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5324	+0.291%	$15.4M	$63.8M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5331	+0.334%	$5.4M	$43.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5343	+0.414%	$1.4M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5330	+0.327%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5332	+0.340%	$23.8M	$67.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5321	+0.270%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5346	+0.431%	$404K	$497K	10x	as long as short
Hyperliquid XRP	+0.0470%	1h	1.5349	+0.452%	$282.6M	$182.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0530%	1h	1.5269	−0.075%	$1K	$11K	10x	as long as short