Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bulk against ApeX Omni+0.025%55s7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$280.279% of the position

Long on ApeX Omni Short on Bulk

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−0.024%−$2 · spread now +0.025%, 7d avg −0.020%

Together, before fees−0.024%−$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: Bulk is 0.045% dearer against ApeX Omni than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.020%. The two prices were read 55 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	1.5142	0.0100	pay 0.0013% / 1h	40m 01s	$1.2M	$1.1M	50x
Short	Bulk XRP-USD	1.5146	0.0100	get 0.0013% / 1h	40m 01s	$1.6M	$49K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now +0.025%Rate

Funding earned: $0
Price spread: +0.025% → −0.020%: $4.51
Slippage, 4 orders: −$10.87
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$23.36
Costs to cover: 0.279%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Bulk: 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	4.95 bp	10.3 bp −$10	15.8 bp −$158	doesn't fit	doesn't fit
Sell Bulk live order book, 4 min ago	0.33 bp	3.8 bp −$4	4.9 bp −$49	8.0 bp −$795	21.2 bp −$10.6K

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	1.5179	+0.244%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5162	+0.129%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5172	+0.200%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.053%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5165	+0.152%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.761%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0030%	1h	1.5168	+0.169%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5184	+0.277%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0080%	8h	1.5168	+0.172%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5170	+0.185%	$7.7M	$25.6M	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5163	+0.139%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5165	+0.152%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5171	+0.192%	$10K	$321K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5177	+0.234%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5169	+0.178%	$281.7M	$225.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5160	+0.119%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.255%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5163	+0.141%	$534.3M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5165	+0.152%	$345.0M	$931.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5163	+0.139%	$126.0M	$875.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.059%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5121	−0.139%	$113K	$717K	20x	as long as short
Bulk XRP-USDshort	+0.0100%	1h	1.5146	+0.025%	$1.6M	$49K	20x
Gate XRP_USDT	+0.0100%	8h	1.5160	+0.119%	$370.2M	$153.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5161	+0.125%	$289.7M	$897.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5155	+0.089%	$108.0M	$173.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5161	+0.125%	$268.0M	$384.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5166	+0.158%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	+0.038%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	+0.061%	$658K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	−0.026%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5142	long leg	$1.2M	$1.1M	50x
Vest XRP-PERP	+0.0100%	1h	1.5171	+0.193%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5178	+0.238%	$43K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5170	+0.185%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5170	+0.183%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	+0.181%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5166	+0.158%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5159	+0.110%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5159	+0.112%	$54.1M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5178	+0.240%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5158	+0.103%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	+0.183%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5149	+0.047%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0170%	1h	1.5170	+0.185%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5174	+0.211%	$5.6M	$47.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5171	+0.192%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5159	+0.112%	$24.2M	$76.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5174	+0.211%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5184	+0.278%	$517K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0665%	1h	1.5154	+0.079%	$2K	$15K	10x	as long as short