Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against ApeX Omni−0.027%7-day average −0.038% · you buy dearer than you sell

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

Long on ApeX Omni Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.027%, 7d avg −0.038%

Together, before fees−0.002%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5147	0.0100	pay 0.0013% / 1h	6m 38s	$1.2M	$1.2M	50x
Short	Variational Omni XRP	1.5143	0.0100	get 0.0100% / 8h	2h 06m	$4.6M	$38.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.027%Rate

Funding earned: $0
Price spread: −0.027% → −0.038%: $1.05
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$8.95
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 2 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 2 min ago	2.31 bp	7.3 bp −$7	11.5 bp −$115	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 3 min ago	2.01 bp	doesn't fit	2.4 bp −$24	17.9 bp −$1,792	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	1.5172	+0.165%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5166	+0.126%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5160	+0.084%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5180	+0.218%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5171	+0.158%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.727%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0074% / S −0.0018%	1h	1.5170	+0.153%	$800K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5175	+0.185%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5174	+0.178%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5165	+0.117%	$2.8M	$15.1M	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	1.5167	+0.132%	$548K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5166	+0.125%	$11K	$362K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5169	+0.147%	$1.0M	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5162	+0.096%	$38.5M	$87.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5166	+0.126%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5164	+0.112%	$527.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5169	+0.145%	$345.0M	$966.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	+0.158%	$126.4M	$891.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5159	+0.079%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5175	+0.185%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.100%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5163	+0.106%	$374.8M	$161.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5169	+0.145%	$298.7M	$928.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5163	+0.106%	$107.2M	$181.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5169	+0.145%	$266.6M	$399.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5169	+0.145%	—	$106.0M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5143	−0.027%	$4.6M	$38.4M	—
edgeX XRPUSDC	+0.0100%	4h	1.5138	−0.058%	$657K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5148	+0.007%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5147	long leg	$1.2M	$1.2M	50x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5176	+0.191%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5171	+0.160%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5173	+0.172%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5174	+0.178%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5171	+0.158%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5165	+0.119%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5174	+0.176%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	+0.125%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5176	+0.190%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5173	+0.172%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5155	+0.054%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5169	+0.143%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0144%	1h	1.5176	+0.191%	$289.6M	$264.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5173	+0.174%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5171	+0.158%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0209%	1h	1.5172	+0.165%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0217%	8h	1.5174	+0.178%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5169	+0.147%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5165	+0.119%	$23.2M	$77.5M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5175	+0.187%	$518K	$790K	10x	as long as short
Aftermath Perps XRPUSD	+0.0584%	1h	1.5140	−0.047%	$2K	$16K	10x	as long as short