Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Derive against ApeX Omni+0.212%7-day average −0.028% · you sell dearer than you buy

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

Long on ApeX Omni Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.104%−$10 · spread now +0.212%, 7d avg −0.028%

Together, before fees−0.101%−$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: Derive is 0.241% dearer against ApeX Omni than usual: you sell high and buy low, +$24 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5567	0.0100	pay 0.0013% / 1h	44m 23s	$1.0M	$899K	50x
Short	Derive XRP-PERP	1.5600	0.0100	get 0.0013% / 1h	44m 23s	$840K	$81K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now +0.212%Rate

Funding earned: $0
Price spread: +0.212% → −0.028%: $24.09
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $8.09
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 5 min ago; Derive: no order-book sample. 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 ApeX Omni live order book, 5 min ago	2.88 bp	7.9 bp −$8	12.8 bp −$128	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5580	+0.084%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5578	+0.067%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.340%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5600	+0.212%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5583	+0.105%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0105%	1h	1.5583	+0.101%	$857K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5598	+0.199%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5586	+0.122%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.045%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5581	+0.092%	$3.0M	$12.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5585	+0.116%	$444K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5587	+0.132%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5586	+0.124%	$39.6M	$80.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5581	+0.090%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5586	+0.121%	$558.1M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5585	+0.116%	$347.8M	$915.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5589	+0.141%	$127.4M	$891.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	+0.006%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5579	+0.077%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.425%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5586	+0.122%	$375.2M	$143.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5586	+0.122%	$300.2M	$869.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5586	+0.121%	$113.4M	$163.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5587	+0.128%	$272.6M	$370.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5586	+0.122%	—	$120.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5624	+0.363%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	+0.166%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	+0.244%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5567	long leg	$1.0M	$899K	50x
Vest XRP-PERP	+0.0100%	1h	1.5588	+0.132%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5588	+0.135%	$48K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5586	+0.119%	$42K	$67K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5600	+0.212%	$840K	$81K	10x
SunX XRP-USDT	+0.0100%	8h	1.5604	+0.235%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5598	+0.199%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5599	+0.206%	$51.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5593	+0.167%	$55.5M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5575	+0.052%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5591	+0.154%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5574	+0.043%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5598	+0.199%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5588	+0.135%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5585	+0.113%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5598	+0.199%	$24.5M	$74.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5607	+0.257%	$5.9M	$47.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5633	+0.423%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5613	+0.295%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0386%	1h	1.5600	+0.212%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0621%	1h	1.5604	+0.238%	$297.0M	$209.1M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5591	+0.152%	$508K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0813%	1h	1.5602	+0.227%	$1K	$11K	10x	as long as short