Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni−0.052%7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$670.665% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 3 days (all we have)+0.113%+$11 · spread now −0.052%, 7d avg −0.022%

Together, before fees+0.121%+$12 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: SunX is 0.030% cheaper against ApeX Omni than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5057	0.0100	pay 0.0013% / 1h	23m 08s	$1.0M	$790K	50x
Short	SunX XRP-USDT	1.5049	0.0100	get 0.0100% / 8h	4h 23m	$126K	$1.7M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0
Price spread: −0.052% → −0.022%: −$3
Slippage, 4 orders: −$48.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$69.51
Costs to cover: 0.665%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, just now; SunX: live order book, 6 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, just now	3.99 bp	9.2 bp −$9	13.5 bp −$135	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	16.27 bp	25.4 bp −$25	36.5 bp −$365	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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5045	−0.081%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5034	−0.153%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5033	−0.163%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5052	−0.033%	$8.7M	$22.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5048	−0.058%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4090	−6.422%	$2K	$33K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5042	−0.100%	$179K	$779K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5050	−0.047%	$2.9M	$10.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5054	−0.020%	$579K	$2.4M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5042	−0.100%	$12K	$243K	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	1.5029	−0.189%	$1.0M	$5.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5040	−0.110%	$38.2M	$68.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5034	−0.152%	$664K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5047	−0.065%	$531.9M	$1.74B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5049	−0.053%	$339.2M	$781.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5048	−0.060%	$125.5M	$789.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5017	−0.266%	$558K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5051	−0.040%	$111K	$611K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.4992	−0.430%	$1.6M	$138K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5046	−0.073%	$350.4M	$126.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5047	−0.066%	$311.3M	$759.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5047	−0.070%	$111.2M	$137.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5046	−0.073%	$259.4M	$320.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5048	−0.060%	—	$104.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5003	−0.356%	$6.9M	$20.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5045	−0.082%	$654K	$88.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5081	+0.161%	$1.1M	$40.2M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5057	long leg	$1.0M	$790K	50x
Vest XRP-PERP	+0.0100%	1h	1.5044	−0.084%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5042	−0.100%	$50K	$421K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5043	−0.095%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5046	−0.073%	$811K	$67K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5049	−0.052%	$126K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5047	−0.066%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5038	−0.127%	$49.6M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5049	−0.053%	$54.1M	$26.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5034	−0.152%	$469K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5045	−0.083%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5043	−0.096%	$72K	$39K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5050	−0.046%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5043	−0.093%	$1.7M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0195%	1h	1.5057	0.000%	$1.7M	$912K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5056	−0.007%	$5.2M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.5039	−0.119%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5049	−0.053%	$23.5M	$59.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5070	+0.087%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0264%	1h	1.5049	−0.052%	$15.3M	$55.7M	50x	as long as short
Hyperliquid XRP	+0.0413%	1h	1.5061	+0.027%	$274.2M	$158.7M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5050	−0.044%	$409K	$477K	10x	as long as short
Aftermath Perps XRPUSD	+0.0528%	1h	1.5035	−0.144%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5040	−0.113%	$67K	$89K	15x	as long as short