Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+0.130%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$670.673% of the position

Long on SunX 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 3 days (all we have)−0.191%−$19 · spread now +0.130%, 7d avg +0.022%

Together, before fees−0.199%−$20 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 0.108% dearer against SunX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX XRP-USDT	1.5012	0.0100	pay 0.0100% / 8h	4h 04m	$126K	$1.7M	30x
Short	ApeX Omni XRPUSDT	1.5032	0.0100	get 0.0013% / 1h	4m 23s	$995K	$687K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.130%Rate

Funding earned: $0
Price spread: +0.130% → +0.022%: $10.81
Slippage, 4 orders: −$49.26
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$56.45
Costs to cover: 0.673%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 19 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 SunX live order book, 5 min ago	17.29 bp	21.3 bp −$21	35.5 bp −$355	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 19 min ago	3.99 bp	9.0 bp −$9	14.0 bp −$140	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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5005	−0.049%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.4997	−0.103%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5005	−0.050%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5006	−0.043%	$8.7M	$22.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5009	−0.025%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4990	−0.150%	$2K	$62K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5007	−0.037%	$178K	$779K	50x	as long as short
Vest XRP-PERP	+0.0086%	1h	1.4998	−0.095%	—	$9K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5002	−0.072%	$2.9M	$10.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5005	−0.050%	$570K	$2.4M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5003	−0.063%	$12K	$249K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.4995	−0.113%	$1.0M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.4994	−0.123%	$38.2M	$68.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5004	−0.059%	$663K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5003	−0.063%	$528.1M	$1.75B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5013	+0.003%	$338.8M	$784.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5012	−0.003%	$124.9M	$788.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4998	−0.097%	$559K	$45K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5003	−0.063%	$111K	$613K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5015	+0.017%	$1.6M	$139K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.4998	−0.097%	$348.8M	$127.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5000	−0.083%	$308.5M	$770.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.4997	−0.105%	$110.7M	$137.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.4995	−0.117%	$258.7M	$320.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5005	−0.050%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5029	+0.113%	$6.7M	$21.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5058	+0.303%	$654K	$89.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5028	+0.103%	$1.1M	$40.7M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5032	+0.130%	$995K	$687K	50x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5006	−0.043%	$60K	$432K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5000	−0.082%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.4999	−0.093%	$808K	$67K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5012	long leg	$126K	$1.7M	30x
SoDEX XRP-USD	+0.0100%	1h	1.4999	−0.090%	$36K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.4991	−0.145%	$49.4M	$13.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5002	−0.070%	$53.8M	$26.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5005	−0.049%	$468K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.4999	−0.093%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5005	−0.050%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.4998	−0.096%	$72K	$39K	3x	as long as short
Kalshi KXXRPPERP	+0.0159%	8h	1.5021	+0.057%	$1.8M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0170%	1h	1.5009	−0.023%	$1.7M	$916K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5006	−0.043%	$5.1M	$39.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.4998	−0.096%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5000	−0.083%	$23.3M	$59.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5005	−0.049%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0265%	1h	1.5002	−0.069%	$15.1M	$55.9M	50x	as long as short
Hyperliquid XRP	+0.0346%	1h	1.5009	−0.023%	$272.4M	$160.0M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5004	−0.054%	$407K	$489K	10x	as long as short
Aftermath Perps XRPUSD	+0.0445%	1h	1.5026	+0.092%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5050	+0.250%	$67K	$89K	15x	as long as short