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% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance+0.322%7-day average +0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

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

costs, in and out, $10k−$230.229% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.104%+$10 on $10k

Price spread, last 3 days (all we have)−0.348%−$35 · spread now +0.322%, 7d avg +0.037%

Together, before fees−0.245%−$24 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: ApeX Omni is 0.286% dearer against Binance than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of +0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5474	0.0100	pay 0.0100% / 8h	39m 03s	$554.2M	$2.02B	100x
Short	ApeX Omni XRPUSDT	1.5524	0.0100	get 0.0013% / 1h	39m 03s	$1.0M	$899K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.322%Rate

Funding earned: $0
Price spread: +0.322% → +0.037%: $28.59
Slippage, 4 orders: −$2.86
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $5.73
Costs to cover: 0.229%
Break-even: from the start

Slippage from Binance: live order book, 5 min ago; ApeX Omni: live order book, 5 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 Binance live order book, 5 min ago	0.32 bp	5.3 bp −$5	6.4 bp −$64	12.4 bp −$1,243	30.3 bp −$15.2K
Sell ApeX Omni live order book, 5 min ago	0.64 bp	6.5 bp −$7	13.6 bp −$136	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	1.5501	+0.174%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	+0.149%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5550	+0.491%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5489	+0.098%	$259K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0103%	1h	1.5487	+0.085%	$852K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0008%	1h	1.5490	+0.103%	$9.6M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5484	+0.065%	$15.5M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5491	+0.109%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.555%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5482	+0.051%	$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	1.5488	+0.090%	$441K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5507	+0.216%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5480	+0.038%	$39.4M	$80.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5499	+0.161%	$638K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5474	long leg	$554.2M	$2.02B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5471	−0.020%	$346.6M	$918.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5472	−0.014%	$126.7M	$884.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5546	+0.465%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5499	+0.161%	$116K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5506	+0.205%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5479	+0.032%	$372.6M	$144.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5478	+0.025%	$294.5M	$872.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5483	+0.058%	$112.8M	$163.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5482	+0.051%	$271.1M	$371.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5483	+0.058%	—	$121.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5522	+0.307%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5529	+0.353%	$674K	$103.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5516	+0.273%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5524	+0.322%	$1.0M	$899K	50x
Vest XRP-PERP	+0.0100%	1h	1.5499	+0.162%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5500	+0.167%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5490	+0.106%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5492	+0.119%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5495	+0.138%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5486	+0.077%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5490	+0.102%	$50.8M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5482	+0.051%	$55.1M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5493	+0.125%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5501	+0.174%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5485	+0.069%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5490	+0.105%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5501	+0.174%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5494	+0.127%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5488	+0.090%	$24.5M	$74.3M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5493	+0.122%	$5.9M	$47.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5527	+0.342%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5508	+0.219%	$2.0M	$34.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0323%	1h	1.5492	+0.116%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0600%	1h	1.5499	+0.161%	$294.5M	$209.5M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5508	+0.220%	$504K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0794%	1h	1.5552	+0.503%	$1K	$11K	10x	as long as short