Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.033%7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.265% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days−0.029%−$3 · spread now +0.033%, 7d avg −0.038%

Together, before fees−0.098%−$10 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: Bybit is 0.071% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5207	0.0100	pay 0.0013% / 1h	25m 08s	$1.2M	$1.2M	50x
Short	Bybit XRPUSDT	1.5212	0.0100	get 0.0100% / 8h	1h 25m	$346.8M	$963.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → −0.038%: $7.07
Slippage, 4 orders: −$5.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$19.39
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 4 min ago; Bybit: 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	2.31 bp	7.5 bp −$7	12.9 bp −$129	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.33 bp	5.8 bp −$6	6.3 bp −$63	11.4 bp −$1,140	25.9 bp −$12.9K

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	1.5214	+0.046%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5221	+0.090%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.020%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	+0.125%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5220	+0.085%	$7.7M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5216	+0.059%	$14.4M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.321%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0085% / S −0.0035%	1h	1.5204	−0.017%	$802K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5217	+0.069%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5217	+0.066%	$547K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5227	+0.132%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5232	+0.161%	$991K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5217	+0.066%	$38.6M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5217	+0.068%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5217	+0.064%	$533.9M	$2.22B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5212	+0.033%	$346.8M	$963.1M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5214	+0.046%	$127.5M	$886.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.059%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5239	+0.210%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5227	+0.132%	$378.0M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5216	+0.059%	$304.4M	$927.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5225	+0.116%	$107.9M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5210	+0.020%	$268.4M	$397.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5218	+0.072%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5222	+0.098%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	−0.058%	$660K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5212	+0.033%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5207	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5235	+0.181%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5240	+0.217%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5226	+0.125%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5221	+0.092%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.385%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5225	+0.120%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5218	+0.072%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5230	+0.153%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5216	+0.059%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.329%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5222	+0.102%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5212	+0.033%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5217	+0.066%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5242	+0.230%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5226	+0.125%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5222	+0.099%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5220	+0.085%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0200%	1h	1.5224	+0.112%	$289.5M	$265.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5227	+0.132%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5228	+0.139%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5220	+0.085%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5235	+0.183%	$532K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0616%	1h	1.5192	−0.097%	$2K	$16K	10x	as long as short