Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.11 per $10,000 · paid last 24h +0.085%
Price spread now: ApeX Omni against GMX+0.267%68s7-day average −0.002% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.184%+$18 on $10k
Price spread, last 3 days (all we have)−0.487%−$49 · spread now +0.267%, 7d avg −0.002%
Together, before fees−0.303%−$30 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and ApeX Omni is 0.269% dearer against GMX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of −0.002%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XRP/USD [ETH-USDC]1.5292L +0.0010% / S +0.0086%pay 0.0001% / 1h47m 59s$838K200x
ShortApeX Omni XRPUSDT1.53330.0100get 0.0013% / 1h47m 59s$1.0M$906K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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

Funding earned
$18.95
Price spread: +0.267% → −0.002%
$26.86
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
$23.81
Costs to cover
0.220%
Break-even
from the start
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, 1 min ago1.31 bp6.4 bp −$611.0 bp −$110doesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5298+0.038%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5294+0.010%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5296+0.025%$256K150xas long as short
GMX XRP/USD [ETH-USDC]longL +0.0010% / S +0.0086%1h1.5292long leg$838K200x
Injective XRP/USDC PERP+0.0033%1h1.5560+1.751%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5297+0.032%$75K$910K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0077%1h1.5299+0.045%$9.3M$25.5M50xas long as short
Lighter XRP+0.0096%1h1.5294+0.009%$2.8M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5297+0.032%$511K$3.2M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5301+0.058%$11K$276K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XRP-USD-PERP+0.0100%8h1.5301+0.060%$477K$54K50xas long as short
Nado XRP-PERP+0.0100%1h1.5305+0.081%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5294+0.013%$38.7M$83.6M100xas long as short
Pacifica XRP+0.0100%1h1.5304+0.079%$619K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5303+0.072%$538.1M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5304+0.077%$340.2M$929.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5307+0.097%$124.7M$878.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5292−0.001%$572K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5303+0.071%$116K$710K20xas long as short
Bulk XRP-USD+0.0100%1h1.5306+0.087%$1.6M$562K20xas long as short
Gate XRP_USDT+0.0100%8h1.5293+0.005%$372.3M$148.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5314+0.143%$296.4M$895.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5292+0.002%$108.5M$167.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5306+0.090%$268.2M$376.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5295+0.019%$123.5Mas long as short
Variational Omni XRP+0.0100%8h1.5329+0.242%$6.4M$35.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5392+0.651%$668K$106.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5387+0.620%$1.1M$39.8M20xas long as short
ApeX Omni XRPUSDTshort+0.0100%1h1.5333+0.267%$1.0M$906K50x
Vest XRP-PERP+0.0100%1h1.5298+0.036%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5298+0.038%$48K$443K20xas long as short
Bullet XRP-USD+0.0100%1h1.5293+0.006%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5297+0.031%$823K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5300+0.049%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5293+0.005%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5291−0.006%$50.2M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5295+0.019%$54.4M$29.7M50xas long as short
Extended XRP-USD+0.0104%1h1.5308+0.106%$2.1M$7.2M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5299+0.045%$8K$8K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5295+0.018%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5293+0.008%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5308+0.104%$23.9M$74.4M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5297+0.032%$5.8M$46.2M50xas long as short
Backpack XRP_USDC_PERP+0.0238%1h1.5303+0.071%$1.9M$1.3M25xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5290−0.016%$14.5M$70.6M50xas long as short
Hibachi XRP/USDT-P+0.0296%1h1.5308+0.105%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0316%8h1.5307+0.097%$2.0M$35.3M2.9xas long as short
Hyperliquid XRP+0.0415%1h1.5307+0.097%$290.1M$216.1M20xas long as short
Phoenix XRP+0.0520%1h1.5400+0.705%$69K$110K15xas long as short
Aftermath Perps XRPUSD+0.0795%1h1.5340+0.310%$2K$12K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5303+0.068%$506K$755K10xas long as short