Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit−0.231%109s7-day average +0.037% · 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—prices read too far apart to compare

costs, in and out, $10k−$340.336% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days+0.240%+$24 · spread now −0.231%, 7d avg +0.037%

Together, before fees+0.308%+$31 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 0.268% cheaper against Bybit than usual: you would sell low and buy high, −$27 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 109 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	Bybit XRPUSDT	1.5121	0.0100	pay 0.0100% / 8h	2h 13m	$343.8M	$965.3M	100x
Short	ApeX Omni XRPUSDT	1.5086	0.0100	get 0.0013% / 1h	13m 34s	$1.2M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.231%Rate

Funding earned: $0
Price spread: −0.231% → +0.037%: −$26.84
Slippage, 4 orders: −$12.62
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$60.46
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Bybit: live order book, 6 min ago; ApeX Omni: live order book, just now.

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 Bybit live order book, 6 min ago	0.33 bp	5.8 bp −$6	6.6 bp −$66	11.9 bp −$1,191	27.5 bp −$13.8K
Sell ApeX Omni live order book, just now	5.29 bp	10.3 bp −$10	15.3 bp −$153	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	1.5099	−0.145%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5118	−0.020%	$14.2M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5115	−0.041%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.205%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5102	−0.124%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.903%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0071% / S −0.0016%	1h	1.5101	−0.132%	$796K	—	200x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5127	+0.040%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5119	−0.012%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5121	0.000%	$546K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5115	−0.040%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5098	−0.149%	$977K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5116	−0.032%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5119	−0.013%	$601K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5117	−0.026%	$525.8M	$2.21B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5121	long leg	$343.8M	$965.3M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	+0.007%	$126.4M	$885.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	−0.218%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5129	+0.053%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.625%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5119	−0.013%	$371.7M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5122	+0.007%	$295.9M	$925.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5120	−0.007%	$106.7M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5121	0.000%	$265.6M	$398.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5118	−0.020%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.324%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−0.276%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5083	−0.251%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5086	−0.231%	$1.2M	$1.1M	50x
Vest XRP-PERP	+0.0100%	1h	1.5099	−0.149%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5102	−0.126%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5101	−0.130%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5109	−0.079%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5112	−0.058%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5099	−0.144%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5115	−0.040%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5108	−0.087%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5109	−0.079%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.054%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5117	−0.024%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5114	−0.045%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0120%	1h	1.5128	+0.046%	$288.8M	$262.3M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5119	−0.013%	$7.7M	$25.5M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5121	0.000%	$5.7M	$48.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5077	−0.294%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0196%	1h	1.5124	+0.020%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0201%	8h	1.5117	−0.026%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5098	−0.150%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5086	−0.231%	$23.2M	$77.1M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5126	+0.031%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0594%	1h	1.5072	−0.327%	$2K	$16K	10x	as long as short