Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX−0.079%7-day average +0.079% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$360.359% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days+0.097%+$10 · spread now −0.079%, 7d avg +0.079%

Together, before fees+0.138%+$14 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 0.159% cheaper against BingX than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.079%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5185	0.0100	pay 0.0100% / 8h	7h 55m	—	$4.2M	—
Short	ApeX Omni XRPUSDT	1.5173	0.0100	get 0.0013% / 1h	55m 10s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now −0.079%Rate

Funding earned: $0
Price spread: −0.079% → +0.079%: −$15.85
Slippage, 4 orders: −$15.86
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$51.71
Costs to cover: 0.359%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; ApeX Omni: live order book, 4 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 BingX live order book, 10 min ago	0.33 bp	8.3 bp −$8	11.4 bp −$114	25.6 bp −$2,558	87.7 bp −$43.8K
Sell ApeX Omni live order book, 4 min ago	4.93 bp	9.9 bp −$10	17.6 bp −$176	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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5184	−0.005%	$14.3M	$74.4M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5157	−0.182%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5169	−0.106%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5173	−0.079%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.470%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5205	+0.129%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5181	−0.029%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5188	+0.020%	$606K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5158	−0.178%	$20K	$382K	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	1.5164	−0.135%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5210	+0.162%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5163	−0.143%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5211	+0.174%	$530.6M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5208	+0.151%	$352.8M	$949.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5211	+0.171%	$126.7M	$865.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5203	+0.119%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5172	−0.086%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.030%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5198	+0.086%	$378.6M	$151.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5193	+0.053%	$313.2M	$911.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5191	+0.040%	$106.5M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5202	+0.112%	$269.5M	$388.8M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5185	long leg	—	$4.2M	—
Variational Omni XRP	+0.0100%	8h	1.5181	−0.026%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	+0.050%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	+0.024%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5173	−0.079%	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5177	−0.053%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5167	−0.119%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5173	−0.079%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5168	−0.112%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	+0.141%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	−0.109%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5179	−0.040%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5188	+0.021%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5190	+0.033%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5168	−0.113%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5163	−0.145%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5168	−0.115%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0112% / S −0.0075%	1h	1.5172	−0.088%	$786K	—	200x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5165	−0.132%	$8K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5186	+0.007%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0163%	8h	1.5175	−0.066%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0202%	1h	1.5203	+0.119%	$290.3M	$268.4M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5190	+0.033%	$23.9M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5165	−0.134%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0247%	1h	1.5200	+0.099%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5167	−0.116%	$520K	$796K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.033%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0553%	1h	1.5181	−0.026%	$2K	$16K	10x	as long as short