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: ApeX Omni against Bybit−0.178%59s7-day average +0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.332% of the position

Long on Bybit Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days+0.187%+$19 · spread now −0.178%, 7d avg +0.037%

Together, before fees+0.255%+$25 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 0.215% cheaper against Bybit than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.037%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5156	0.0100	pay 0.0100% / 8h	2h 10m	$344.3M	$967.0M	100x
Short	ApeX Omni XRPUSDT	1.5129	0.0100	get 0.0013% / 1h	10m 42s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now −0.178%Rate

Funding earned: $0
Price spread: −0.178% → +0.037%: −$21.51
Slippage, 4 orders: −$12.19
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$54.7
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; ApeX Omni: live order book, 3 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 Bybit live order book, 3 min ago	0.33 bp	6.2 bp −$6	7.0 bp −$70	12.1 bp −$1,214	25.5 bp −$12.8K
Sell ApeX Omni live order book, 3 min ago	5.29 bp	10.3 bp −$10	15.3 bp −$153	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	1.5155	−0.007%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5149	−0.043%	$14.2M	$74.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5152	−0.029%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.435%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	−0.087%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.666%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0017%	1h	1.5141	−0.102%	$799K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5152	−0.026%	$7.8M	$25.4M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5156	0.000%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	−0.013%	$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	1.5155	−0.007%	$548K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5146	−0.066%	$11K	$362K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5138	−0.115%	$983K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5155	−0.007%	$38.5M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5156	+0.003%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5156	+0.001%	$527.4M	$2.21B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5156	long leg	$344.3M	$967.0M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5157	+0.007%	$126.6M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5137	−0.125%	$563K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5162	+0.040%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.159%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5155	−0.007%	$372.4M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5158	+0.013%	$297.0M	$926.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5151	−0.030%	$106.9M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5154	−0.013%	$266.2M	$398.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5156	0.000%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	−0.087%	$4.6M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5116	−0.261%	$656K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.449%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5129	−0.178%	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5146	−0.065%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5151	−0.033%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5142	−0.092%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5143	−0.086%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	−0.063%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5154	−0.011%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.053%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	−0.045%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	−0.099%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5162	+0.039%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5152	−0.024%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.075%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0137%	1h	1.5166	+0.066%	$289.7M	$262.7M	20x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5130	−0.172%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5151	−0.033%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5155	−0.007%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5148	−0.053%	$1.7M	$35.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5145	−0.071%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5145	−0.073%	$23.2M	$77.4M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5160	+0.027%	$517K	$790K	10x	as long as short
Aftermath Perps XRPUSD	+0.0591%	1h	1.5103	−0.352%	$2K	$16K	10x	as long as short