Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni−0.015%73s7-day average +0.038% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.015%, 7d avg +0.038%

Together, before fees−0.016%+ Points / potential airdropVariational Omni: Active · farm board−$2 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 0.053% cheaper against Variational Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.038%. The two prices were read 73 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	Variational Omni XRP	1.5344	0.0100	pay 0.0100% / 8h	7h 12m	$4.8M	$38.3M	—
Short	ApeX Omni XRPUSDT	1.5342	0.0100	get 0.0013% / 1h	12m 25s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.015%Rate

Funding earned: $0
Price spread: −0.015% → +0.038%: −$5.29
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$15.29
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; ApeX Omni: live order book, 2 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 2 min ago	2.02 bp	doesn't fit	3.3 bp −$33	24.1 bp −$2,412	doesn't fit
Sell ApeX Omni live order book, 2 min ago	3.91 bp	8.9 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit

XRP on 50 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
Kraken Futures PF_XRPUSD	−0.0170%	1h	1.5371	+0.172%	$14.1M	$74.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5351	+0.044%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.037%	$69K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5374	+0.194%	$7.9M	$22.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5370	+0.168%	$250K	—	150x	as long as short
dYdX XRP-USD	+0.0006%	1h	1.5347	+0.017%	$1.1M	$123K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.406%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5356	+0.076%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5360	+0.101%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5359	+0.094%	$2.8M	$14.7M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5360	+0.102%	$624K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5353	+0.057%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5356	+0.075%	$479K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5357	+0.086%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5371	+0.174%	$39.0M	$82.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5358	+0.093%	$618K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5371	+0.174%	$537.1M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5371	+0.174%	$357.9M	$913.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5363	+0.122%	$127.3M	$841.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5326	−0.119%	$562K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5361	+0.109%	$161K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5316	−0.185%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5368	+0.155%	$379.0M	$156.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5367	+0.148%	$318.3M	$930.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	+0.115%	$108.6M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5368	+0.155%	$272.9M	$363.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5370	+0.168%	—	$106.4M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5344	long leg	$4.8M	$38.3M	—
edgeX XRPUSDC	+0.0100%	4h	1.5339	−0.034%	$666K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5356	+0.079%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5342	−0.015%	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5364	+0.129%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5363	+0.122%	$52K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5370	+0.167%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5372	+0.181%	$78K	$646K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.175%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5369	+0.161%	$31K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5349	+0.029%	$50.1M	$13.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5348	+0.024%	$54.4M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5362	+0.114%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5366	+0.138%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0134% / S −0.0096%	1h	1.5370	+0.165%	$789K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5333	−0.073%	$5.3M	$46.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0172%	8h	1.5357	+0.083%	$1.7M	$32.8M	2.9x	as long as short
Hyperliquid XRP	+0.0178%	1h	1.5377	+0.213%	$294.6M	$265.9M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5334	−0.067%	$23.8M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5331	−0.086%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0225%	1h	1.5359	+0.096%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5360	+0.100%	$526K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0516%	1h	1.5326	−0.122%	$3K	$15K	10x	as long as short