Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance+0.068%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 3 days (all we have)−0.041%−$4 · spread now +0.068%, 7d avg +0.040%

Together, before fees+0.063%+$6 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: ApeX Omni is 0.028% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5518	0.0100	pay 0.0100% / 8h	1h 29m	$558.3M	$1.96B	100x
Short	ApeX Omni XRPUSDT	1.5529	0.0100	get 0.0013% / 1h	29m 09s	$1.0M	$882K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → +0.040%: $2.81
Slippage, 4 orders: −$4.11
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.3
Costs to cover: 0.241%
Break-even: never at this rate

Slippage from Binance: live order book, 15 min ago; ApeX Omni: live order book, 5 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 Binance live order book, 15 min ago	0.32 bp	5.3 bp −$5	7.1 bp −$71	13.9 bp −$1,391	31.5 bp −$15.8K
Sell ApeX Omni live order book, 5 min ago	1.29 bp	6.3 bp −$6	14.4 bp −$144	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	1.5461	−0.370%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5494	−0.159%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5505	−0.086%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.472%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5511	−0.046%	$15.4M	$68.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0124%	1h	1.5504	−0.091%	$1.1M	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5510	−0.054%	$77K	$942K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0072%	1h	1.5514	−0.028%	$9.5M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5521	+0.015%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5520	+0.010%	$439K	$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
Nado XRP-PERP	+0.0100%	1h	1.5502	−0.104%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5508	−0.066%	$39.2M	$78.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5504	−0.093%	$638K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5518	long leg	$558.3M	$1.96B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5523	+0.030%	$347.0M	$891.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5523	+0.030%	$127.1M	$876.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	−0.022%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5506	−0.080%	$118K	$739K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5520	+0.010%	$373.9M	$139.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5522	+0.023%	$290.5M	$847.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5517	−0.006%	$113.3M	$158.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5521	+0.017%	$270.6M	$361.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5521	+0.017%	—	$117.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	−0.218%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.083%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5464	−0.353%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5529	+0.068%	$1.0M	$882K	50x
Vest XRP-PERP	+0.0100%	1h	1.5494	−0.157%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5512	−0.041%	$45K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5506	−0.079%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5514	−0.031%	$835K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5518	−0.001%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5513	−0.035%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5499	−0.126%	$50.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5520	+0.010%	$55.3M	$29.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	−0.269%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5492	−0.169%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5505	−0.086%	$11K	$255K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5510	−0.056%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5511	−0.048%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5510	−0.054%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5475	−0.277%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5502	−0.107%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5516	−0.015%	$5.9M	$47.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5510	−0.054%	$24.6M	$73.4M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5530	+0.075%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5503	−0.099%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5480	−0.247%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5515	−0.024%	$508K	$629K	10x	as long as short
Hyperliquid XRP	+0.0599%	1h	1.5539	+0.133%	$290.8M	$202.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0731%	1h	1.5535	+0.104%	$1K	$11K	10x	as long as short