Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against ApeX Omni−0.232%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$300.297% of the position

Long on ApeX Omni Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.116%+$12 on $10k

Price spread, last 3 days (all we have)+0.375%+$37 · spread now −0.232%, 7d avg −0.016%

Together, before fees+0.491%+$49 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.215% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.232% now, against its 7-day average of −0.016%). If the spread goes back, that is −$22 on $10k: about 6.0 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.116% in total) that is about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5524	0.0100	pay 0.0013% / 1h	38m 15s	$1.0M	$899K	50x
Short	BloFin XRP-USDT	1.5488	0.0220	get 0.0220% / 8h	38m 15s	$24.5M	$74.3M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.232%Rate

Funding earned: $25.2
Price spread: −0.232% → −0.016%: −$21.55
Slippage, 4 orders: −$7.7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$26.05
Costs to cover: 0.297%
Break-even: 14.2 days

Slippage from ApeX Omni: live order book, 1 min ago; BloFin: live order book, 6 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, 1 min ago	2.58 bp	8.7 bp −$9	14.1 bp −$141	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	0.64 bp	6.6 bp −$7	7.1 bp −$71	10.7 bp −$1,074	18.3 bp −$9,148

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	1.5494	−0.193%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5485	−0.253%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5550	+0.167%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5488	−0.235%	$259K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0103%	1h	1.5486	−0.245%	$853K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0008%	1h	1.5490	−0.219%	$9.6M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5486	−0.242%	$15.5M	$68.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5489	−0.225%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.232%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5487	−0.238%	$3.0M	$12.6M	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	1.5491	−0.213%	$441K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5494	−0.193%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5498	−0.171%	$39.4M	$80.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	−0.218%	$637K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5490	−0.217%	$554.0M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5488	−0.232%	$346.9M	$918.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5489	−0.225%	$126.9M	$885.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5473	−0.329%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5497	−0.174%	$116K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5506	−0.117%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5491	−0.213%	$373.3M	$144.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5489	−0.225%	$296.5M	$873.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5498	−0.169%	$112.9M	$163.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5486	−0.245%	$270.2M	$372.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5490	−0.219%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5522	−0.016%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5529	+0.030%	$674K	$103.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5516	−0.049%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5524	long leg	$1.0M	$899K	50x
Vest XRP-PERP	+0.0100%	1h	1.5491	−0.213%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5504	−0.129%	$47K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5491	−0.213%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5489	−0.226%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5496	−0.177%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5486	−0.245%	$33K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5490	−0.220%	$50.8M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5482	−0.271%	$55.1M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5494	−0.190%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5500	−0.155%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5483	−0.265%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5485	−0.252%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5502	−0.142%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5487	−0.240%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5488	−0.232%	$24.5M	$74.3M	125x
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5495	−0.187%	$5.9M	$47.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5494	−0.196%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0311%	8h	1.5508	−0.103%	$2.0M	$34.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0323%	1h	1.5492	−0.206%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0599%	1h	1.5510	−0.090%	$294.8M	$209.6M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5509	−0.098%	$504K	$633K	10x	as long as short
Aftermath Perps XRPUSD	+0.0789%	1h	1.5540	+0.100%	$1K	$11K	10x	as long as short