Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni+0.127%67s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$320.321% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.135%−$13 · spread now +0.127%, 7d avg −0.027%

Together, before fees−0.226%−$23 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: KuCoin is 0.153% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 67 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	1.5146	0.0100	pay 0.0013% / 1h	50m 20s	$1.2M	$1.2M	50x
Short	KuCoin XRPUSDTM	1.5165	0.0100	get 0.0100% / 8h	1h 50m	$107.4M	$182.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → −0.027%: $15.34
Slippage, 4 orders: −$10.13
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.8
Costs to cover: 0.321%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; KuCoin: live order book, 9 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	1.32 bp	6.9 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	0.50 bp	10.6 bp −$11	18.8 bp −$188	52.7 bp −$5,266	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5125	−0.139%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5141	−0.030%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	−0.040%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5163	+0.114%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5168	+0.143%	$14.4M	$75.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.733%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5154	+0.053%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0078% / S −0.0025%	1h	1.5162	+0.106%	$799K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5166	+0.130%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5169	+0.152%	$547K	$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	1.5146	0.000%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5122	−0.159%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5166	+0.131%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	+0.015%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5168	+0.144%	$529.1M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5167	+0.139%	$344.9M	$967.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5164	+0.119%	$127.2M	$892.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5129	−0.112%	$563K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5156	+0.066%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5129	−0.113%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5162	+0.106%	$372.6M	$158.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5159	+0.086%	$298.4M	$918.1M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5165	+0.127%	$107.4M	$182.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5163	+0.112%	$266.9M	$399.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5160	+0.092%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.106%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	−0.031%	$658K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5155	+0.059%	$1.1M	$36.1M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5146	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5151	+0.035%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5160	+0.092%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5164	+0.116%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5163	+0.112%	$62K	$930K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5165	+0.122%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5158	+0.080%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5166	+0.132%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5164	+0.120%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5164	+0.119%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5156	+0.067%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5160	+0.096%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5163	+0.109%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0145%	1h	1.5147	+0.007%	$2.0M	$1.4M	25x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5171	+0.165%	$7.7M	$25.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5125	−0.141%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5170	+0.158%	$5.7M	$48.4M	50x	as long as short
Hyperliquid XRP	+0.0176%	1h	1.5167	+0.142%	$289.3M	$264.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5155	+0.061%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5137	−0.059%	$23.5M	$77.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0221%	8h	1.5147	+0.007%	$1.8M	$35.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5154	+0.056%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0556%	1h	1.5147	+0.009%	$2K	$16K	10x	as long as short