Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: ApeX Omni against gTrade (Gains Network)+0.191%7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2862.860% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.097%+$10 on $10k
Price spread, last 4 days (all we have)−0.517%−$52 · spread now +0.191%, 7d avg +0.033%
Together, before fees−0.421%−$42 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.158% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.033%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5167L +0.0003% / S −0.0004%pay 0.0000% / 1h22m 54s$253K150x
ShortApeX Omni XRPUSDT1.51960.0100get 0.0013% / 1h22m 54s$1.2M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against gTrade (Gains Network). 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

Funding earned
$20.3
Price spread: +0.191% → +0.033%
$15.8
Slippage, 4 orders
−$265.99
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$249.89
Costs to cover
2.860%
Break-even
93.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 31 min ago; ApeX Omni: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 31 min ago130.04 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell ApeX Omni live order book, 1 min ago2.64 bp7.9 bp −$812.2 bp −$122doesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5178+0.073%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5163−0.023%$1.1M$115K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5170+0.020%$7.8M$25.5M50xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5167long leg$253K150x
Kraken Futures PF_XRPUSD+0.0022%1h1.5163−0.023%$14.4M$74.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.591%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.51670.000%$791K200xas long as short
Lighter XRP+0.0096%1h1.5167+0.003%$2.9M$14.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5165−0.013%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5166−0.007%$9K$348K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5166−0.003%$996K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5155−0.079%$38.7M$85.3M100xas long as short
Pacifica XRP+0.0100%1h1.5171+0.029%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5148−0.125%$534.1M$2.15B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5148−0.125%$345.4M$944.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5150−0.112%$126.6M$882.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5147−0.132%$565K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5170+0.020%$131K$708K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164−0.016%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5151−0.105%$371.6M$156.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5155−0.079%$296.4M$905.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5153−0.091%$109.0M$177.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5154−0.086%$268.8M$389.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5149−0.119%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5187+0.130%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5189+0.143%$660K$110.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5166−0.009%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDTshort+0.0100%1h1.5196+0.191%$1.2M$1.1M50x
Vest XRP-PERP+0.0100%1h1.5167+0.001%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5171+0.026%$45K$477K20xas long as short
Bullet XRP-USD+0.0100%1h1.5166−0.006%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5166−0.007%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5167−0.001%$816K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5172+0.034%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5166−0.007%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5169+0.014%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5160−0.046%$53.9M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5170+0.018%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5150−0.110%$2.0M$6.7M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5165−0.013%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5171+0.026%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5175+0.053%$5.7M$47.7M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5166−0.007%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5163−0.026%$24.2M$75.6M125xas long as short
Backpack XRP_USDC_PERP+0.0259%1h1.5170+0.020%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5160−0.048%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0302%8h1.5172+0.033%$1.9M$35.1M2.9xas long as short
RISEx XRP/USDC+0.0358%1h1.5170+0.020%$517K$776K10xas long as short
Hyperliquid XRP+0.0405%1h1.5175+0.053%$299.0M$246.8M20xas long as short
Phoenix XRP+0.0528%1h1.5190+0.152%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0681%1h1.5191+0.158%$2K$15K10xas long as short