Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.165%7-day average −0.026% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.162%+$16 · spread now −0.165%, 7d avg −0.026%

Together, before fees+0.071%+$7 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: KuCoin is 0.139% cheaper against ApeX Omni than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5138	0.0100	pay 0.0013% / 1h	3m 07s	$1.2M	$1.1M	50x
Short	KuCoin XRPUSDTM	1.5113	0.0100	get 0.0100% / 8h	3h 03m	$108.7M	$178.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.165%Rate

Funding earned: $0
Price spread: −0.165% → −0.026%: −$13.87
Slippage, 4 orders: −$15.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.23
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 1 min ago; KuCoin: live order book, 11 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	4.29 bp	9.3 bp −$9	13.4 bp −$134	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	0.50 bp	10.9 bp −$11	13.0 bp −$130	doesn't fit	doesn't fit

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	1.5151	+0.086%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5114	−0.158%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5110	−0.185%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5111	−0.181%	$265K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5108	−0.199%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.788%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5110	−0.182%	$793K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5110	−0.185%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5111	−0.178%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5109	−0.192%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5111	−0.182%	$981K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5106	−0.211%	$38.9M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5114	−0.160%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5107	−0.205%	$531.2M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5110	−0.185%	$342.7M	$948.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5110	−0.185%	$124.9M	$885.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.079%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5119	−0.126%	$137K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	+0.003%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5111	−0.178%	$372.7M	$158.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5109	−0.192%	$293.4M	$910.8M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5113	−0.165%	$108.7M	$178.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5110	−0.185%	$268.2M	$391.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5104	−0.225%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.058%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.045%	$658K	$111.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.072%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5138	long leg	$1.2M	$1.1M	50x
Vest XRP-PERP	+0.0100%	1h	1.5124	−0.092%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5119	−0.126%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.178%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5108	−0.198%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5107	−0.204%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5115	−0.155%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5108	−0.198%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5112	−0.168%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5108	−0.198%	$53.8M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5111	−0.176%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5101	−0.247%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5104	−0.223%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5115	−0.152%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5114	−0.159%	$5.7M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0184%	8h	1.5130	−0.053%	$1.8M	$35.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5111	−0.177%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5106	−0.211%	$24.1M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0231%	1h	1.5118	−0.132%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5146	+0.056%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5114	−0.157%	$515K	$777K	10x	as long as short
Hyperliquid XRP	+0.0360%	1h	1.5123	−0.099%	$290.2M	$255.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.079%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0628%	1h	1.5140	+0.012%	$2K	$15K	10x	as long as short