Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against MEXC−0.007%7-day average +0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

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

costs, in and out, $10k−$160.165% of the position

Long on MEXC 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)−0.018%−$2 · spread now −0.007%, 7d avg +0.040%

Together, before fees+0.086%+$9 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 0.046% cheaper against MEXC than usual: you would sell low and buy high, −$5 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	MEXC XRP_USDT	1.5365	0.0100	pay 0.0100% / 8h	21m 17s	$296.2M	$887.2M	300x
Short	ApeX Omni XRPUSDT	1.5364	0.0100	get 0.0013% / 1h	21m 17s	$1.0M	$900K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.040%: −$4.63
Slippage, 4 orders: −$6.48
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$21.12
Costs to cover: 0.165%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; ApeX Omni: live order book, 3 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 MEXC live order book, 3 min ago	0.32 bp	0.3 bp $0	0.4 bp −$4	5.6 bp −$556	18.7 bp −$9,328
Sell ApeX Omni live order book, 3 min ago	1.63 bp	8.6 bp −$9	16.7 bp −$167	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	1.5365	0.000%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5358	−0.046%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5370	+0.033%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5358	−0.044%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0096%	1h	1.5360	−0.033%	$832K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5361	−0.026%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5359	−0.037%	$15.0M	$69.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0059%	8h	1.5362	−0.020%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.269%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5360	−0.032%	$2.9M	$13.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5363	−0.013%	$439K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5362	−0.016%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5363	−0.015%	$39.1M	$81.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5362	−0.020%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5365	−0.001%	$546.7M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5361	−0.026%	$341.8M	$924.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5360	−0.033%	$125.3M	$879.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	−0.130%	$572K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	0.000%	$117K	$758K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5410	+0.293%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5364	−0.007%	$361.4M	$147.8M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5365	long leg	$296.2M	$887.2M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	−0.018%	$110.2M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5357	−0.052%	$267.2M	$375.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5360	−0.033%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5364	−0.004%	$11.5M	$30.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5360	−0.030%	$667K	$105.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5364	−0.007%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5364	−0.007%	$1.0M	$900K	50x
Vest XRP-PERP	+0.0100%	1h	1.5365	−0.003%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5366	+0.007%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5367	+0.014%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5360	−0.031%	$827K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	−0.001%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5361	−0.026%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5366	+0.005%	$50.4M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5365	0.000%	$54.7M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	−0.037%	$479K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5366	+0.007%	$12K	$269K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5355	−0.068%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5358	−0.047%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5367	+0.013%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5364	−0.009%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5367	+0.013%	$24.3M	$74.8M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5366	+0.007%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5378	+0.085%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5378	+0.085%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0306%	8h	1.5380	+0.098%	$2.0M	$34.4M	2.9x	as long as short
Hyperliquid XRP	+0.0587%	1h	1.5381	+0.104%	$293.3M	$213.2M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5374	+0.057%	$500K	$638K	10x	as long as short
Aftermath Perps XRPUSD	+0.0783%	1h	1.5387	+0.142%	$1K	$11K	10x	as long as short