Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against ApeX Omni+0.295%7-day average −0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.063%−$6 on $10k

Price spread, last 3 days (all we have)−0.327%−$33 · spread now +0.295%, 7d avg −0.045%

Together, before fees−0.390%−$39 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: Gate is 0.340% dearer against ApeX Omni than usual: you sell high and buy low, +$34 on $10k if it goes back to its 7-day average of −0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5583	0.0100	pay 0.0013% / 1h	47m 33s	$1.0M	$878K	50x
Short	Gate XRP_USDT	1.5629	0.0100	get 0.0100% / 8h	1h 47m	$372.7M	$134.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.295%Rate

Funding earned: $0
Price spread: +0.295% → −0.045%: $34.01
Slippage, 4 orders: −$15.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$5.99
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; Gate: live order book, 1 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, 1 min ago	3.52 bp	8.5 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	0.32 bp	12.1 bp −$12	15.7 bp −$157	28.9 bp −$2,885	39.5 bp −$19.8K

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	1.5636	+0.340%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5628	+0.288%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5623	+0.257%	$262K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.880%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5631	+0.306%	$15.7M	$67.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5629	+0.295%	$82K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0070%	1h	1.5631	+0.308%	$9.6M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0146%	1h	1.5622	+0.253%	$925K	—	200x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5629	+0.292%	$19K	$73K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5631	+0.307%	$3.0M	$11.7M	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	1.5643	+0.385%	$460K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5615	+0.209%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5636	+0.338%	$39.8M	$75.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5638	+0.353%	$676K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5623	+0.255%	$566.4M	$1.92B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5622	+0.250%	$355.0M	$870.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5616	+0.212%	$129.0M	$867.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5541	−0.270%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5638	+0.353%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.359%	$1.7M	$572K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5629	+0.295%	$372.7M	$134.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5629	+0.295%	$291.6M	$823.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5628	+0.289%	$113.0M	$153.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5610	+0.173%	$271.0M	$352.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5632	+0.314%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.377%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5540	−0.276%	$675K	$98.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	−0.080%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5583	long leg	$1.0M	$878K	50x
Vest XRP-PERP	+0.0100%	1h	1.5615	+0.204%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5621	+0.244%	$54K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5607	+0.153%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5629	+0.295%	$841K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5631	+0.305%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5628	+0.289%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5630	+0.304%	$51.4M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5629	+0.295%	$55.6M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5637	+0.345%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5631	+0.308%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5630	+0.303%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5627	+0.283%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5633	+0.321%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5610	+0.171%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5635	+0.334%	$5.8M	$46.2M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5596	+0.083%	$24.6M	$71.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5628	+0.289%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0372%	1h	1.5631	+0.308%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	+0.045%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5639	+0.358%	$409K	$531K	10x	as long as short
Aftermath Perps XRPUSD	+0.0585%	1h	1.5572	−0.069%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0649%	1h	1.5636	+0.343%	$289.4M	$195.5M	20x	as long as short