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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0009%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.061%
Price spread now: ApeX Omni against GMX−0.060%112s7-day average +0.010% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.188%+$19 on $10k
Price spread, last 4 days (all we have)−0.160%−$16 · spread now −0.060%, 7d avg +0.010%
Together, before fees+0.028%+$3 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 0.070% cheaper against GMX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 112 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XRP/USD [ETH-USDC]1.5234L +0.0091% / S −0.0046%pay 0.0011% / 1h5m 39s$785K200x
ShortApeX Omni XRPUSDT1.52250.0100get 0.0013% / 1h5m 39s$1.2M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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
$1.79
Price spread: −0.060% → +0.010%
−$6.97
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$27.18
Costs to cover
0.220%
Break-even
113.5 days
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, 3 min ago4.27 bp11.1 bp −$1120.4 bp −$204doesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h1.5243+0.058%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5225−0.060%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5220−0.093%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5239+0.030%$247K150xas long as short
Kraken Futures PF_XRPUSD+0.0024%1h1.5238+0.025%$14.5M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.139%$2K$107K30xas long as short
Deribit XRP_USDC-PERPETUAL+0.0078%1h1.5239+0.032%$7.9M$24.5M50xas long as short
GMX XRP/USD [ETH-USDC]longL +0.0091% / S −0.0046%1h1.5234long leg$785K200x
Lighter XRP+0.0096%1h1.5227−0.049%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5228−0.040%$546K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0099%8h1.5214−0.132%$11K$370K20xas long as short
Nado XRP-PERP+0.0100%1h1.5227−0.050%$1.0M$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5227−0.050%$38.6M$87.2M100xas long as short
Pacifica XRP+0.0100%1h1.5226−0.052%$617K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5223−0.073%$534.4M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5222−0.080%$349.2M$960.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5227−0.047%$128.0M$881.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5197−0.244%$567K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5230−0.027%$145K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5223−0.071%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5224−0.067%$378.0M$162.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5223−0.073%$313.0M$933.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5227−0.045%$105.6M$182.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5219−0.100%$269.0M$395.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5232−0.014%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5235+0.004%$4.8M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5218−0.104%$661K$113.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5212−0.145%$1.1M$35.7M20xas long as short
ApeX Omni XRPUSDTshort+0.0100%1h1.5225−0.060%$1.2M$1.2M50x
Vest XRP-PERP+0.0100%1h1.5248+0.091%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5251+0.111%$50K$510K20xas long as short
Bullet XRP-USD+0.0100%1h1.5238+0.026%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5243+0.058%$76K$686K50xas long as short
Derive XRP-PERP+0.0100%1h1.5248+0.090%$820K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5247+0.081%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5237+0.019%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5239+0.029%$49.8M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5239+0.032%$54.5M$32.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5225−0.057%$475K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5220−0.092%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5230−0.024%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0120%1h1.5226−0.054%$9K$2K10xas long as short
Hibachi XRP/USDT-P+0.0120%1h1.5214−0.132%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0175%1h1.5247+0.084%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5240+0.038%$5.7M$48.3M50xas long as short
Hyperliquid XRP+0.0216%1h1.5241+0.045%$290.1M$266.3M20xas long as short
Kalshi KXXRPPERP+0.0218%8h1.5250+0.104%$1.7M$34.8M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5244+0.066%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5246+0.078%$23.8M$78.0M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5229−0.037%$530K$806K10xas long as short
Aftermath Perps XRPUSD+0.0696%1h1.5237+0.016%$2K$16K10xas long as short