Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against ApeX Omni+0.715%103s7-day average −0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$300.304% of the position

Long on ApeX Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.759%−$76 · spread now +0.715%, 7d avg −0.047%

Together, before fees−0.817%−$82 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: Bitget is 0.761% dearer against ApeX Omni than usual: you sell high and buy low, +$76 on $10k if it goes back to its 7-day average of −0.047%. The two prices were read 103 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	ApeX Omni XRPUSDT	1.5386	0.0100	pay 0.0013% / 1h	59m 49s	$1.0M	$879K	50x
Short	Bitget XRPUSDT	1.5496	0.0100	get 0.0100% / 8h	1h 59m	$268.5M	$348.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.715%Rate

Funding earned: $0
Price spread: +0.715% → −0.047%: $76.15
Slippage, 4 orders: −$8.43
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $45.72
Costs to cover: 0.304%
Break-even: from the start

Slippage from ApeX Omni: live order book, 4 min ago; Bitget: 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 ApeX Omni live order book, 4 min ago	1.95 bp	7.5 bp −$8	12.5 bp −$125	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	0.32 bp	8.1 bp −$8	11.8 bp −$118	23.0 bp −$2,299	37.1 bp −$18.5K

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	1.5478	+0.598%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5482	+0.622%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.286%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5523	+0.892%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.624%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5532	+0.949%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0159%	1h	1.5522	+0.884%	$915K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5500	+0.740%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5513	+0.825%	$448K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5545	+1.037%	$1.1M	$5.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5494	+0.701%	$39.4M	$73.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	+0.675%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5494	+0.705%	$557.3M	$1.89B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5498	+0.728%	$348.6M	$856.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5497	+0.721%	$126.3M	$855.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	+0.045%	$575K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5511	+0.812%	$120K	$696K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	+0.446%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5493	+0.695%	$368.4M	$135.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5493	+0.695%	$283.2M	$828.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5493	+0.693%	$112.6M	$149.6M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5496	+0.715%	$268.5M	$348.2M	125x
BingX XRP-USDT	+0.0100%	8h	1.5497	+0.721%	—	$114.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	+0.512%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5414	+0.180%	$670K	$96.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	+0.078%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5386	long leg	$1.0M	$879K	50x
Vest XRP-PERP	+0.0100%	1h	1.5517	+0.850%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5549	+1.059%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5526	+0.910%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5529	+0.928%	$836K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5524	+0.895%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5517	+0.851%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5520	+0.868%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5511	+0.812%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5488	+0.665%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5531	+0.942%	$11K	$243K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5491	+0.680%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5522	+0.885%	$72K	$40K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0137%	1h	1.5527	+0.916%	$9.5M	$24.8M	50x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5537	+0.981%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5516	+0.842%	$15.8M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5522	+0.884%	$5.7M	$45.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5534	+0.962%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0216%	1h	1.5524	+0.897%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	+0.526%	$24.3M	$69.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5493	+0.695%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5457	+0.463%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5537	+0.979%	$408K	$523K	10x	as long as short
Hyperliquid XRP	+0.0500%	1h	1.5515	+0.841%	$286.8M	$191.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0531%	1h	1.5437	+0.333%	$1K	$11K	10x	as long as short