Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment $0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against ApeX Omni−0.184%48s7-day average −0.046% · you buy dearer than you sell
Net, funding: paid 7d − costs−$29as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$180.181% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.107%−$11 on $10k
Price spread, last 7 days+0.186%+$19 · spread now −0.184%, 7d avg −0.046%
Together, before fees+0.079%+ Points / potential airdropLighter RH: Points live · farm board+$8 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: Lighter RH is 0.138% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.046%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni XRPUSDT1.51960.0100pay 0.0013% / 1h24m 45s$1.2M$1.1M50x
ShortLighter RH XRP1.51680.0096get 0.0012% / 1h24m 45s$496K$3.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
−$0.84
Price spread: −0.184% → −0.046%
−$13.79
Slippage, 4 orders
−$8.1
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Lighter RH: 0 bp × 2 orders
$0
Net
−$32.73
Costs to cover
0.181%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 4 min ago; Lighter RH: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 4 min ago2.30 bp7.7 bp −$811.8 bp −$118doesn't fitdoesn't fit
Sell Lighter RH live order book, 4 min ago0.99 bp1.0 bp −$16.7 bp −$6738.4 bp −$3,841doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5184−0.079%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5163−0.214%$1.1M$115K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5180−0.105%$7.8M$25.5M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5177−0.122%$254K150xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5174−0.146%$14.4M$74.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.395%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5177−0.127%$792K200xas long as short
Lighter XRP+0.0096%1h1.5168−0.184%$2.8M$14.7M20xas long as short
Lighter RH XRPshort+0.0096%1h1.5168−0.184%$496K$3.3M20x
Katana Perps XRP-USD+0.0098%8h1.5187−0.059%$10K$347K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5183−0.082%$989K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5164−0.213%$38.7M$85.2M100xas long as short
Pacifica XRP+0.0100%1h1.5168−0.184%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5163−0.216%$534.7M$2.15B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5166−0.197%$346.2M$943.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5168−0.184%$126.6M$882.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5182−0.092%$565K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5173−0.151%$131K$707K20xas long as short
Bulk XRP-USD+0.0100%1h1.5212+0.105%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5166−0.197%$368.5M$155.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5166−0.197%$296.3M$904.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5168−0.182%$109.1M$177.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5167−0.191%$269.1M$389.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5162−0.224%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5187−0.061%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5189−0.049%$660K$110.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5219+0.151%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDTlong+0.0100%1h1.5196long leg$1.2M$1.1M50x
Vest XRP-PERP+0.0100%1h1.5184−0.078%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5183−0.086%$45K$477K20xas long as short
Bullet XRP-USD+0.0100%1h1.5178−0.118%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5178−0.118%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5179−0.109%$817K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5183−0.085%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5174−0.145%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5186−0.063%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5178−0.118%$54.0M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5166−0.195%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5159−0.242%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5173−0.151%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5190−0.039%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5184−0.079%$5.7M$47.7M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5176−0.132%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5179−0.112%$24.1M$76.0M125xas long as short
Backpack XRP_USDC_PERP+0.0264%1h1.5182−0.092%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5191−0.030%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0331%8h1.5185−0.072%$1.9M$35.1M2.9xas long as short
RISEx XRP/USDC+0.0358%1h1.5187−0.056%$517K$776K10xas long as short
Hyperliquid XRP+0.0402%1h1.5184−0.079%$300.3M$246.2M20xas long as short
Phoenix XRP+0.0528%1h1.5190−0.039%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0679%1h1.5204+0.054%$2K$15K10xas long as short