Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX+0.014%7-day average +0.074% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)−0.025%−$3 · spread now +0.014%, 7d avg +0.074%

Together, before fees−0.033%−$3 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 0.060% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.074%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5180	0.0100	pay 0.0100% / 8h	5m 23s	$49.6M	$15.3M	75x
Short	ApeX Omni XRPUSDT	1.5182	0.0100	get 0.0013% / 1h	5m 23s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → +0.074%: −$5.95
Slippage, 4 orders: −$12.43
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$40.39
Costs to cover: 0.344%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; ApeX Omni: live order book, 4 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 HTX live order book, 4 min ago	0.03 bp	10.9 bp −$11	13.6 bp −$136	32.3 bp −$3,229	110.5 bp −$55.3K
Sell ApeX Omni live order book, 4 min ago	2.30 bp	7.8 bp −$8	13.8 bp −$138	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	1.5180	+0.001%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5178	−0.009%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5173	−0.046%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5179	−0.005%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.505%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5169	−0.071%	$14.6M	$73.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5174	−0.040%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5175	−0.033%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5179	−0.005%	$604K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5185	+0.034%	$20K	$382K	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	1.5188	+0.057%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5188	+0.054%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	−0.020%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5187	+0.045%	$530.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5182	+0.014%	$350.3M	$947.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5187	+0.047%	$127.7M	$863.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.051%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5197	+0.113%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.061%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5187	+0.047%	$378.2M	$163.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5189	+0.061%	$309.9M	$930.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5190	+0.065%	$106.8M	$183.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5189	+0.061%	$269.4M	$388.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5190	+0.067%	—	$107.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5165	−0.095%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5174	−0.039%	$659K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	−0.038%	$1.1M	$33.9M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5182	+0.014%	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.065%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5192	+0.080%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5174	−0.037%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5190	+0.067%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	+0.031%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	+0.036%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5174	−0.038%	$29K	$1.5M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5180	long leg	$49.6M	$15.3M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5172	−0.051%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5180	−0.001%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5182	+0.013%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5195	+0.100%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5174	−0.039%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0109% / S −0.0072%	1h	1.5169	−0.073%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0144%	1h	1.5203	+0.153%	$290.2M	$268.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5187	+0.047%	$1.8M	$33.7M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5176	−0.025%	$5.6M	$47.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5179	−0.005%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	−0.005%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5186	+0.038%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5196	+0.106%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5190	+0.067%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5181	+0.005%	$2K	$16K	10x	as long as short