Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC+0.252%96s7-day average +0.034% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5as 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−$150.151% of the position

Long on MEXC 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 7 days−0.256%−$26 · spread now +0.252%, 7d avg +0.034%

Together, before fees−0.152%−$15 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 0.217% dearer against MEXC than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 96 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	MEXC XRP_USDT	1.5109	0.0100	pay 0.0100% / 8h	4h 05m	$292.9M	$903.6M	300x
Short	ApeX Omni XRPUSDT	1.5147	0.0100	get 0.0013% / 1h	5m 42s	$1.2M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now +0.252%Rate

Funding earned: $0
Price spread: +0.252% → +0.034%: $21.73
Slippage, 4 orders: −$5.07
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $6.67
Costs to cover: 0.151%
Break-even: from the start

Slippage from MEXC: 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 MEXC live order book, 3 min ago	0.33 bp	0.3 bp $0	0.4 bp −$4	3.4 bp −$344	14.1 bp −$7,055
Sell ApeX Omni live order book, 3 min ago	1.65 bp	7.8 bp −$8	12.6 bp −$126	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	1.5113	+0.026%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5108	−0.005%	$14.2M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5109	+0.003%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.205%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5109	−0.001%	$252K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5115	+0.040%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.985%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0046% / S +0.0020%	1h	1.5107	−0.012%	$788K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0092%	8h	1.5111	+0.013%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5117	+0.051%	$2.8M	$14.6M	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	1.5117	+0.053%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5107	−0.013%	$10K	$330K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5113	+0.030%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5125	+0.106%	$280.0M	$227.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5113	+0.025%	$38.2M	$83.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5113	+0.026%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5112	+0.022%	$532.0M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5113	+0.026%	$344.8M	$937.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5115	+0.040%	$126.7M	$873.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5096	−0.086%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5114	+0.033%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	+0.142%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5110	+0.007%	$368.3M	$154.8M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5109	long leg	$292.9M	$903.6M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5111	+0.016%	$107.6M	$175.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5112	+0.020%	$267.5M	$385.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5111	+0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	+0.006%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.215%	$658K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5130	+0.139%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5147	+0.252%	$1.2M	$1.1M	50x
Vest XRP-PERP	+0.0100%	1h	1.5114	+0.034%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5112	+0.020%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5112	+0.020%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5113	+0.026%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5116	+0.049%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	+0.026%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5107	−0.013%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	+0.033%	$53.7M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5113	+0.029%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5108	−0.005%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5111	+0.012%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5116	+0.046%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0185%	1h	1.5119	+0.066%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5117	+0.053%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5124	+0.098%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5109	+0.001%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5118	+0.060%	$24.2M	$75.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5117	+0.053%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5116	+0.049%	$515K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0702%	1h	1.5133	+0.158%	$2K	$15K	10x	as long as short