XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0264%/8h= −28.9% APRnext payment −$0.33 per $10,000 · paid last 24h −0.021%

Price spread now: ApeX Omni against Backpack−0.099%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$240.242% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.032%−$3 on $10k

Price spread, last 4 days (all we have)+0.914%+$91 · spread now −0.099%, 7d avg −0.002%

Together, before fees+0.881%+$88 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and ApeX Omni is 0.096% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.002%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.032% in total (about -1.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.33 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5194	0.0364	pay 0.0046% / 1h	26m 39s	$1.9M	$1.3M	25x
Short	ApeX Omni XRPUSDT	1.5179	0.0100	get 0.0013% / 1h	26m 39s	$1.2M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Backpack. 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 BackpackbpFee ApeX OmnibpOrdersPrice spread, now −0.099%Rate

Funding earned: −$55.45
Price spread: −0.099% → −0.002%: −$9.63
Slippage, 4 orders: −$4.22
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$89.29
Costs to cover: 0.242%
Break-even: never at this rate

Slippage from Backpack: live order book, 2 min ago; ApeX Omni: live order book, 2 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 Backpack live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.5 bp −$65	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	1.65 bp	6.9 bp −$7	11.2 bp −$112	doesn't fit	doesn't fit

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	1.5184	−0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5182	−0.077%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	−0.224%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5184	−0.066%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0060%	1h	1.5184	−0.068%	$804K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.409%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5184	−0.068%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5189	−0.033%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5191	−0.019%	$2.8M	$14.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5190	−0.026%	$517K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5173	−0.138%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5188	−0.038%	$890K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5182	−0.082%	$38.6M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	−0.008%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5194	−0.002%	$538.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5195	+0.007%	$342.7M	$939.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5201	+0.046%	$124.7M	$874.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.132%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5186	−0.053%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5101	−0.612%	$1.6M	$307K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5180	−0.092%	$369.4M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5194	0.000%	$291.7M	$911.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	−0.059%	$107.2M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5183	−0.072%	$266.2M	$383.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5183	−0.072%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5152	−0.275%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	−0.197%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5164	−0.197%	$1.1M	$38.0M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5179	−0.099%	$1.2M	$1.0M	50x
Vest XRP-PERP	+0.0100%	1h	1.5187	−0.043%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5191	−0.020%	$44K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5189	−0.033%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5191	−0.021%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	−0.046%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	−0.066%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	−0.055%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	−0.105%	$54.0M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5195	+0.007%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5172	−0.142%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5185	−0.057%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5190	−0.026%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5190	−0.026%	$7.7M	$25.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5188	−0.039%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5193	−0.007%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5195	+0.007%	$281.2M	$223.4M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	−0.129%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0355%	8h	1.5191	−0.020%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERPlong	+0.0364%	1h	1.5194	long leg	$1.9M	$1.3M	25x
RISEx XRP/USDC	+0.0456%	1h	1.5192	−0.014%	$538K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0757%	1h	1.5159	−0.231%	$2K	$14K	10x	as long as short