Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bybit against ApeX Omni+0.125%59s7-day average −0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as 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−$280.278% of the position

Long on ApeX Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 7 days−0.096%−$10 · spread now +0.125%, 7d avg −0.038%

Together, before fees−0.164%−$16 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: Bybit is 0.163% dearer against ApeX Omni than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.038%. The two prices were read 59 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	1.5156	0.0100	pay 0.0013% / 1h	12m 30s	$1.2M	$1.2M	50x
Short	Bybit XRPUSDT	1.5175	0.0100	get 0.0100% / 8h	12m 30s	$349.8M	$950.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → −0.038%: $16.34
Slippage, 4 orders: −$6.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.48
Costs to cover: 0.278%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	2.31 bp	7.6 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	0.33 bp	7.1 bp −$7	8.3 bp −$83	14.3 bp −$1,433	28.7 bp −$14.3K

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	1.5178	+0.145%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5178	+0.145%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5178	+0.144%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5183	+0.178%	$7.7M	$24.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.666%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5177	+0.137%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5177	+0.138%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5179	+0.152%	$604K	$3.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5165	+0.057%	$17K	$78K	7x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5175	+0.125%	$20K	$384K	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	1.5173	+0.115%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5179	+0.152%	$38.5M	$86.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5178	+0.143%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5178	+0.145%	$529.5M	$2.22B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5175	+0.125%	$349.8M	$950.8M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5177	+0.139%	$127.3M	$863.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.106%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.165%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.146%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5174	+0.119%	$377.8M	$162.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5178	+0.145%	$311.8M	$928.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5176	+0.131%	$106.7M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5176	+0.132%	$269.0M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5170	+0.092%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.052%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.033%	$658K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5160	+0.028%	$1.1M	$34.4M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5156	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5181	+0.168%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5180	+0.158%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5180	+0.158%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5180	+0.158%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5178	+0.145%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	+0.188%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5178	+0.145%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5180	+0.158%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5173	+0.112%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5181	+0.165%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5170	+0.089%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5181	+0.165%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5177	+0.139%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0107% / S −0.0070%	1h	1.5151	−0.031%	$773K	—	200x	as long as short
Hyperliquid XRP	+0.0141%	1h	1.5190	+0.224%	$290.1M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0168%	8h	1.5180	+0.158%	$1.8M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0174%	1h	1.5184	+0.185%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5184	+0.185%	$5.6M	$48.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5177	+0.139%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5175	+0.123%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5180	+0.159%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.158%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0591%	1h	1.5164	+0.055%	$2K	$16K	10x	as long as short