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 0.000%

Price spread now: SoDEX against ApeX Omni+0.546%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$36as in the Price arb table

costs, in and out, $10k−$230.233% of the position

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.339%−$34 · spread now +0.546%, 7d avg −0.045%

Together, before fees−0.347%−$35 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: SoDEX is 0.591% dearer against ApeX Omni than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5386	0.0100	pay 0.0013% / 1h	1m 13s	$1.0M	$879K	50x
Short	SoDEX XRP-USD	1.5470	0.0100	get 0.0013% / 1h	1m 13s	$32K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.546%Rate

Funding earned: $0
Price spread: +0.546% → −0.045%: $59.08
Slippage, 4 orders: −$5.26
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: $35.82
Costs to cover: 0.233%
Break-even: from the start

Slippage from ApeX Omni: live order book, 3 min ago; SoDEX: live order book, 3 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, 3 min ago	1.95 bp	7.5 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell SoDEX live order book, 3 min ago	0.32 bp	4.3 bp −$4	6.9 bp −$69	doesn't fit	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	1.5457	+0.461%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5454	+0.439%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.286%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5472	+0.559%	$9.4M	$24.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5471	+0.555%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.624%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5471	+0.552%	$81K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0160%	1h	1.5478	+0.597%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5472	+0.560%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5474	+0.572%	$447K	$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	1.5458	+0.471%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5478	+0.600%	$39.4M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5462	+0.492%	$675K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5471	+0.552%	$556.5M	$1.88B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5465	+0.513%	$348.1M	$854.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5464	+0.507%	$126.1M	$852.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	+0.045%	$575K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5461	+0.487%	$121K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	+0.446%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5486	+0.650%	$369.0M	$134.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5461	+0.487%	$284.6M	$827.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5468	+0.536%	$112.7M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5461	+0.487%	$268.0M	$347.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5463	+0.500%	—	$114.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	+0.155%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5414	+0.180%	$670K	$96.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	+0.078%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5386	long leg	$1.0M	$879K	50x
Vest XRP-PERP	+0.0100%	1h	1.5454	+0.442%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5470	+0.546%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5486	+0.648%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5468	+0.531%	$833K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5487	+0.659%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5470	+0.546%	$32K	$1.9M	10x
HTX XRP-USDT	+0.0100%	8h	1.5467	+0.524%	$50.9M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5470	+0.546%	$55.2M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5458	+0.470%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5459	+0.474%	$11K	$242K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5467	+0.526%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5468	+0.535%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5462	+0.494%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5469	+0.540%	$15.8M	$65.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5475	+0.578%	$5.7M	$45.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5480	+0.611%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0212%	1h	1.5478	+0.598%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	+0.526%	$24.3M	$69.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5463	+0.500%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5457	+0.463%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5463	+0.502%	$406K	$523K	10x	as long as short
Hyperliquid XRP	+0.0521%	1h	1.5472	+0.559%	$285.8M	$191.1M	20x	as long as short
Aftermath Perps XRPUSD	+0.0575%	1h	1.5435	+0.322%	$1K	$11K	10x	as long as short