XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.11 per $10,000 · paid last 24h +0.083%

Price spread now: Hyperliquid against ApeX Omni−0.079%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$260.262% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.098%+$10 on $10k

Price spread, last 4 days (all we have)−0.750%−$75 · spread now −0.079%, 7d avg +0.028%

Together, before fees−0.652%+ Points / potential airdropHyperliquid: Season 2 · farm board−$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.107% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.079% now, against its 7-day average of +0.028%). If the spread goes back, that is −$11 on $10k: about 4.2 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5193	0.0100	pay 0.0013% / 1h	46m 42s	$1.2M	$1.0M	50x
Short	Hyperliquid XRP	1.5181	0.0184	get 0.0023% / 1h	46m 42s	$280.8M	$223.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now −0.079%Rate

Funding earned: $17.67
Price spread: −0.079% → +0.028%: −$10.72
Slippage, 4 orders: −$7.25
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$19.3
Costs to cover: 0.262%
Break-even: 14.6 days

Slippage from ApeX Omni: live order book, 2 min ago; Hyperliquid: live order book, 7 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	2.63 bp	7.9 bp −$8	17.9 bp −$179	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 7 min ago	0.66 bp	5.2 bp −$5	6.3 bp −$63	12.0 bp −$1,197	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	1.5182	−0.072%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5163	−0.200%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	−0.020%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5175	−0.119%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0066%	1h	1.5172	−0.135%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.416%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5162	−0.202%	$14.7M	$72.3M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5173	−0.132%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5166	−0.178%	$9.1M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5163	−0.195%	$2.8M	$14.0M	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	1.5173	−0.132%	$519K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5182	−0.072%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	−0.076%	$879K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5171	−0.142%	$38.4M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	−0.211%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5162	−0.204%	$536.0M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5158	−0.230%	$337.0M	$938.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5159	−0.224%	$123.2M	$870.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.138%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5162	−0.204%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	−0.067%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5173	−0.132%	$368.6M	$149.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5158	−0.230%	$291.5M	$898.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5158	−0.227%	$108.3M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5156	−0.244%	$264.8M	$383.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5158	−0.230%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.170%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5188	−0.032%	$660K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.093%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5193	long leg	$1.2M	$1.0M	50x
Vest XRP-PERP	+0.0100%	1h	1.5181	−0.079%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	−0.079%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5179	−0.092%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	−0.117%	$817K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5170	−0.153%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5169	−0.158%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.157%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.145%	$53.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5169	−0.160%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.266%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	−0.194%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5185	−0.053%	$8K	$8K	10x	as long as short
Hyperliquid XRPshort	+0.0184%	1h	1.5181	−0.079%	$280.8M	$223.0M	20x
Reya XRPRUSDPERP	+0.0214%	1h	1.5174	−0.123%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5170	−0.151%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	0.000%	$24.0M	$75.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0332%	8h	1.5180	−0.086%	$2.1M	$36.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0336%	1h	1.5184	−0.056%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0380%	1h	1.5177	−0.105%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5166	−0.177%	$537K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0802%	1h	1.5185	−0.053%	$2K	$14K	10x	as long as short