Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against ApeX Omni−0.059%52s7-day average −0.090% · you buy dearer than you sell

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

Long on ApeX Omni Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.901%−$90 · spread now −0.059%, 7d avg −0.090%

Together, before fees−1.028%+ Points / potential airdropOndo Perps: Active · farm board−$103 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: Ondo Perps is 0.030% dearer against ApeX Omni than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.090%. The two prices were read 52 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	1.5137	0.0100	pay 0.0013% / 1h	2m 31s	$1.2M	$1.0M	50x
Short	Ondo Perps XRP-USD.P	1.5128	0.0100	get 0.0013% / 1h	2m 31s	$563K	$28K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.059%Rate

Funding earned: $0
Price spread: −0.059% → −0.090%: $3.03
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$11.97
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 7 min ago; Ondo Perps: 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, 7 min ago	2.97 bp	8.3 bp −$8	16.4 bp −$164	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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 50 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	1.5153	+0.106%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5128	−0.056%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.218%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5139	+0.013%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0053%	1h	1.5134	−0.020%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.794%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5143	+0.042%	$14.5M	$72.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5144	+0.046%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5148	+0.073%	$7.6M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5127	−0.066%	$2.8M	$14.4M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5125	−0.079%	$508K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5123	−0.092%	$10K	$299K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5124	−0.089%	$974K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5127	−0.065%	$38.4M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5126	−0.075%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5135	−0.013%	$536.4M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5135	−0.013%	$341.5M	$926.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5138	+0.007%	$124.5M	$864.6M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5128	−0.059%	$563K	$28K	5x
Arcus XRP-USD	+0.0100%	1h	1.5134	−0.020%	$115K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	+0.046%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5125	−0.079%	$367.9M	$153.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5126	−0.073%	$292.8M	$919.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5124	−0.088%	$106.7M	$170.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	−0.013%	$267.0M	$380.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5126	−0.073%	—	$126.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	+0.025%	$6.3M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5131	−0.039%	$657K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5161	+0.158%	$1.1M	$36.6M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5137	long leg	$1.2M	$1.0M	50x
Vest XRP-PERP	+0.0100%	1h	1.5139	+0.016%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5140	+0.020%	$42K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5139	+0.011%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	+0.073%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5152	+0.097%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5146	+0.059%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	+0.013%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5134	−0.020%	$53.9M	$29.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	−0.044%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5127	−0.067%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5143	+0.040%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5133	−0.026%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0158%	1h	1.5147	+0.066%	$280.3M	$219.8M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5136	−0.005%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5152	+0.099%	$5.7M	$46.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5161	+0.161%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0333%	1h	1.5137	0.000%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0359%	8h	1.5146	+0.059%	$2.1M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5135	−0.013%	$527K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0747%	1h	1.5149	+0.079%	$2K	$14K	10x	as long as short