Funding you earn now, next payment 08:00 UTC+0.0068%/8h= +7.4% APRnext payment +$0.08 per $10,000 · paid last 24h +0.030%
Price spread now: Backpack against ApeX Omni−0.125%84s7-day average −0.094% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$270.271% of the position
Funding, last 7 days+0.041%+$4 on $10k
+Price spread, last 7 days−0.435%−$44 · spread now −0.125%, 7d avg −0.094%
=Funding pays, the price is against you. Backpack is 0.031% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.094%). If the spread goes back, that is −$3 on $10k: about 37 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.041% in total) that is about 5.4 days. The two prices were read 84 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 | ApeX Omni XRPUSDT | 1.5181 | 0.0100 | pay 0.0013% / 1h | 15m 34s | $1.2M | $1.2M | 50x |
| Short | Backpack XRP_USDC_PERP | 1.5162 | 0.0168 | get 0.0021% / 1h | 15m 34s | $2.0M | $1.4M | 25x |
ApeX Omni XRPUSDT
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $14.25
- Price spread: −0.125% → −0.094%
- −$3.13
- Slippage, 4 orders
- −$7.13
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$16.01
- Costs to cover
- 0.271%
- Break-even
- 14.9 days
Slippage from ApeX Omni: live order book, 3 min ago; Backpack: 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 ApeX Omni live order book, 3 min ago | 2.63 bp | 8.0 bp −$8 | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.33 bp | 5.3 bp −$5 | 6.7 bp −$67 | 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 | 1.5157 | −0.158% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5159 | −0.142% | $1.1M | $148K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5158 | −0.152% | $7.7M | $24.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5154 | −0.176% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.497% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5153 | −0.184% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5159 | −0.142% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5162 | −0.125% | $604K | $3.2M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0096% | 1h | 1.5163 | −0.121% | $17K | $78K | 7x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5150 | −0.204% | $20K | $383K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Hibachi XRP/USDT-P
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5162 | −0.122% | $998K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5157 | −0.158% | $38.5M | $86.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5160 | −0.141% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5156 | −0.165% | $528.7M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5152 | −0.191% | $349.2M | $951.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5154 | −0.178% | $127.1M | $863.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5179 | −0.013% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5161 | −0.132% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5178 | −0.019% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5154 | −0.178% | $377.3M | $162.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5156 | −0.165% | $307.5M | $927.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5157 | −0.157% | $106.5M | $183.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5153 | −0.184% | $268.6M | $389.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5151 | −0.198% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | −0.216% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5160 | −0.135% | $659K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5177 | −0.028% | $1.1M | $34.5M | 20x | as long as short |
| ApeX Omni XRPUSDTlong | +0.0100% | 1h | 1.5181 | long leg | $1.2M | $1.2M | 50x | |
| Vest XRP-PERP | +0.0100% | 1h | 1.5166 | −0.098% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5163 | −0.119% | $52K | $515K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5157 | −0.157% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5154 | −0.178% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5167 | −0.094% | $816K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5164 | −0.109% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5153 | −0.184% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5163 | −0.120% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5157 | −0.158% | $54.0M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5160 | −0.136% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5150 | −0.205% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5162 | −0.125% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5154 | −0.180% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0106% / S −0.0069% | 1h | 1.5153 | −0.187% | $773K | — | 200x | as long as short |
| Hyperliquid XRP | +0.0141% | 1h | 1.5171 | −0.066% | $289.7M | $268.1M | 20x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0168% | 1h | 1.5162 | −0.125% | $2.0M | $1.4M | 25x | |
| Kalshi KXXRPPERP | +0.0170% | 8h | 1.5173 | −0.053% | $1.8M | $34.0M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5163 | −0.119% | $5.6M | $48.0M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5163 | −0.119% | $23.6M | $77.7M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5156 | −0.163% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5160 | −0.135% | $521K | $798K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5180 | −0.007% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0600% | 1h | 1.5161 | −0.132% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Hyperliquid XRP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD