Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against ApeX Omni−0.046%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$320.321% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now −0.046%, 7d avg −0.021%

Together, before fees+0.276%+$28 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.025% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.021%). If the spread goes back, that is −$2 on $10k: about 16 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.116% in total) that is about 36 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5213	0.0100	pay 0.0013% / 1h	44m 40s	$1.2M	$1.1M	50x
Short	BloFin XRP-USDT	1.5206	0.0220	get 0.0220% / 8h	3h 44m	$24.1M	$76.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 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 ApeX OmnibpFee BloFinbpOrdersPrice spread, now −0.046%Rate

Funding earned: $25.2
Price spread: −0.046% → −0.021%: −$2.47
Slippage, 4 orders: −$10.07
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.35
Costs to cover: 0.321%
Break-even: 9.6 days

Slippage from ApeX Omni: live order book, 4 min ago; BloFin: live order book, 4 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, 4 min ago	4.27 bp	10.1 bp −$10	14.2 bp −$142	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	0.33 bp	6.3 bp −$6	7.6 bp −$76	14.1 bp −$1,415	22.9 bp −$11.5K

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	1.5204	−0.059%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5195	−0.120%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5202	−0.072%	$262K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5211	−0.016%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.281%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5201	−0.081%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5216	+0.020%	$7.8M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	−0.084%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5204	−0.059%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5200	−0.085%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5210	−0.020%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5196	−0.108%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5202	−0.074%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5200	−0.083%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5198	−0.097%	$534.4M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5200	−0.085%	$346.7M	$941.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5202	−0.072%	$127.1M	$887.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.131%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5209	−0.026%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.210%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5199	−0.092%	$371.3M	$153.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5197	−0.105%	$293.0M	$899.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5201	−0.079%	$109.0M	$176.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5201	−0.079%	$269.2M	$388.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5198	−0.099%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.073%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	−0.005%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	−0.032%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5213	long leg	$1.2M	$1.1M	50x
Vest XRP-PERP	+0.0100%	1h	1.5202	−0.075%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	−0.085%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5198	−0.096%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5213	−0.002%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	−0.070%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5211	−0.013%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5209	−0.026%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5205	−0.053%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5200	−0.082%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5200	−0.083%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5210	−0.021%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5210	−0.020%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5216	+0.020%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5199	−0.091%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5206	−0.046%	$24.1M	$76.0M	125x
Hibachi XRP/USDT-P	+0.0256%	1h	1.5206	−0.044%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5207	−0.039%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5217	+0.026%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0306%	1h	1.5214	+0.007%	$292.7M	$234.6M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5209	−0.027%	$518K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.046%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0657%	1h	1.5209	−0.028%	$2K	$15K	10x	as long as short