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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: ApeX Omni against Polymarket Perps+0.158%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$300.304% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.082%+$8 on $10k
Price spread, last 4 days (all we have)−0.701%−$70 · spread now +0.158%, 7d avg +0.015%
Together, before fees−0.619%−$62 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 0.143% dearer against Polymarket Perps than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.015%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps XRP-USD1.52150.0100pay 0.0013% / 1h38m 41s$50K$510K20x
ShortApeX Omni XRPUSDT1.52390.0100get 0.0013% / 1h38m 41s$1.2M$1.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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
$0
Price spread: +0.158% → +0.015%
$14.32
Slippage, 4 orders
−$12.39
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$16.07
Costs to cover
0.304%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 64 min ago; ApeX Omni: live order book, 5 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 Polymarket Perps live order book, 64 min ago1.98 bp6.6 bp −$78.8 bp −$88doesn't fitdoesn't fit
Sell ApeX Omni live order book, 5 min ago2.95 bp8.5 bp −$915.0 bp −$150doesn'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%1h1.5216+0.007%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5208−0.043%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5206−0.059%$246K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.52150.000%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.267%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5211−0.029%$14.6M$73.8M50xas long as short
Lighter XRP+0.0096%1h1.5214−0.005%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5213−0.013%$604K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5190−0.164%$17K$372K20xas long as short
Nado XRP-PERP+0.0100%1h1.5216+0.010%$1.0M$6.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster XRPUSDT+0.0100%8h1.5210−0.033%$38.6M$87.0M100xas long as short
Pacifica XRP+0.0100%1h1.5213−0.016%$613K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5208−0.044%$532.7M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5204−0.072%$350.1M$956.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5205−0.066%$128.5M$870.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5224+0.059%$567K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5208−0.046%$144K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190−0.164%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5208−0.046%$379.3M$160.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5206−0.059%$314.7M$921.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5214−0.005%$106.7M$184.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5204−0.072%$268.9M$391.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5209−0.039%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5226+0.069%$5.0M$38.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5231+0.105%$662K$113.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5233+0.121%$1.1M$35.0M20xas long as short
ApeX Omni XRPUSDTshort+0.0100%1h1.5239+0.158%$1.2M$1.2M50x
Vest XRP-PERP+0.0100%1h1.5218+0.020%$15K10xas long as short
Polymarket Perps XRP-USDlong+0.0100%1h1.5215long leg$50K$510K20x
Bullet XRP-USD+0.0100%1h1.5214−0.006%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5212−0.020%$78K$688K50xas long as short
Derive XRP-PERP+0.0100%1h1.5218+0.022%$819K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5218+0.022%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5210−0.033%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5215−0.001%$49.7M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.52150.000%$54.4M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5213−0.013%$474K$55K50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0101% / S −0.0060%1h1.5211−0.027%$785K200xas long as short
Extended XRP-USD+0.0104%1h1.5200−0.098%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5195−0.131%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5208−0.044%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0112%1h1.5219+0.028%$17K$78K7xas long as short
Hyperliquid XRP+0.0143%1h1.5226+0.072%$290.5M$267.6M20xas long as short
Backpack XRP_USDC_PERP+0.0160%1h1.5219+0.026%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5214−0.007%$5.7M$48.3M50xas long as short
Kalshi KXXRPPERP+0.0199%8h1.5214−0.007%$1.8M$34.6M2.9xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5211−0.025%$1.3M$4K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5207−0.053%$23.6M$77.8M125xas long as short
RISEx XRP/USDC+0.0394%1h1.5200−0.100%$522K$807K10xas long as short
Phoenix XRP+0.0526%1h1.5240+0.164%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0636%1h1.5227+0.077%$2K$16K10xas long as short