XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.030%

Price spread now: Backpack against ApeX Omni+0.489%7-day average −0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs+$27as in the Price arb table

costs, in and out, $10k−$310.309% of the position

Long on ApeX Omni Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 7 days−1.050%−$105 · spread now +0.489%, 7d avg −0.094%

Together, before fees−1.009%−$101 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Backpack is 0.583% dearer against ApeX Omni than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of −0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5118	0.0100	pay 0.0013% / 1h	19m 04s	$1.2M	$1.2M	50x
Short	Backpack XRP_USDC_PERP	1.5192	0.0163	get 0.0020% / 1h	19m 04s	$2.0M	$1.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against ApeX Omni. 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 ApeX OmnibpFee BackpackbpOrdersPrice spread, now +0.489%Rate

Funding earned: $13.24
Price spread: +0.489% → −0.094%: $58.33
Slippage, 4 orders: −$10.93
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: $40.64
Costs to cover: 0.309%
Break-even: from the start

Slippage from ApeX Omni: live order book, 5 min ago; Backpack: live order book, 5 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 ApeX Omni live order book, 5 min ago	4.63 bp	9.7 bp −$10	14.3 bp −$143	doesn't fit	doesn't fit
Sell Backpack live order book, 5 min ago	0.33 bp	5.3 bp −$5	7.0 bp −$70	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	1.5152	+0.225%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5162	+0.290%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5179	+0.405%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5186	+0.450%	$7.8M	$24.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.924%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5183	+0.430%	$14.6M	$73.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5137	+0.124%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5183	+0.430%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5185	+0.443%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5173	+0.364%	$20K	$383K	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	1.5172	+0.360%	$999K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5181	+0.418%	$38.6M	$86.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5169	+0.335%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5180	+0.411%	$529.6M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5178	+0.397%	$349.6M	$954.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5179	+0.403%	$127.3M	$867.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5139	+0.139%	$563K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5182	+0.423%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.397%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5180	+0.410%	$376.2M	$162.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5181	+0.417%	$307.3M	$927.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5181	+0.419%	$106.7M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5179	+0.403%	$268.9M	$389.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5179	+0.403%	—	$107.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5131	+0.085%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5115	−0.018%	$657K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5140	+0.145%	$1.1M	$34.5M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5118	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5175	+0.380%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	+0.417%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5181	+0.417%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5181	+0.417%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	+0.130%	$814K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	+0.446%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5182	+0.423%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	+0.340%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5177	+0.390%	$54.1M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5172	+0.359%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5176	+0.381%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5184	+0.437%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5182	+0.420%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0105% / S −0.0068%	1h	1.5179	+0.401%	$774K	—	200x	as long as short
Hyperliquid XRP	+0.0142%	1h	1.5194	+0.503%	$290.1M	$268.0M	20x	as long as short
Backpack XRP_USDC_PERPshort	+0.0163%	1h	1.5192	+0.489%	$2.0M	$1.4M	25x
Kalshi KXXRPPERP	+0.0172%	8h	1.5168	+0.331%	$1.8M	$34.0M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5185	+0.443%	$5.6M	$48.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5175	+0.377%	$23.7M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5174	+0.368%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5179	+0.406%	$521K	$807K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5150	+0.212%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0604%	1h	1.5153	+0.229%	$2K	$16K	10x	as long as short