Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against ApeX Omni+0.125%7-day average −0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$240.235% of the position

Long on ApeX Omni Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.008%−$1 on $10k

Price spread, last 4 days (all we have)−0.083%−$8 · spread now +0.125%, 7d avg −0.041%

Together, before fees−0.091%−$9 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: SoDEX is 0.166% dearer against ApeX Omni than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.041%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni XRPUSDT	1.5168	0.0100	pay 0.0013% / 1h	9m 06s	$1.2M	$1.2M	50x
Short	SoDEX XRP-USD	1.5187	0.0100	get 0.0013% / 1h	9m 06s	$30K	$1.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → −0.041%: $16.6
Slippage, 4 orders: −$5.52
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$6.92
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 5 min ago; SoDEX: 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	2.31 bp	7.6 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit
Sell SoDEX live order book, 5 min ago	0.33 bp	4.3 bp −$4	6.8 bp −$68	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	1.5187	+0.125%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5185	+0.113%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5190	+0.144%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5190	+0.145%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.584%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5187	+0.126%	$14.6M	$73.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5194	+0.169%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5189	+0.137%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5193	+0.165%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5179	+0.073%	$20K	$382K	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	1.5190	+0.144%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5188	+0.134%	$38.6M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5188	+0.129%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5191	+0.150%	$529.9M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5186	+0.119%	$350.1M	$949.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5188	+0.132%	$127.3M	$863.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.026%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5191	+0.152%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.066%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5187	+0.125%	$378.3M	$162.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5190	+0.145%	$311.1M	$929.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5188	+0.129%	$106.7M	$183.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5187	+0.125%	$269.0M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5183	+0.099%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5163	−0.036%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	−0.028%	$660K	$113.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5172	+0.026%	$1.1M	$34.2M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5168	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5193	+0.164%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5194	+0.171%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5191	+0.152%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5192	+0.158%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5189	+0.140%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5189	+0.140%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5187	+0.125%	$30K	$1.5M	10x
HTX XRP-USDT	+0.0100%	8h	1.5183	+0.097%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5190	+0.145%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5193	+0.167%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5179	+0.072%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5190	+0.145%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5188	+0.129%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0109% / S −0.0070%	1h	1.5190	+0.148%	$785K	—	200x	as long as short
Hyperliquid XRP	+0.0143%	1h	1.5200	+0.211%	$290.2M	$268.1M	20x	as long as short
Kalshi KXXRPPERP	+0.0166%	8h	1.5190	+0.145%	$1.8M	$33.7M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5189	+0.138%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0179%	1h	1.5200	+0.211%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5184	+0.105%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5189	+0.137%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5190	+0.145%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5170	+0.013%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0582%	1h	1.5176	+0.050%	$2K	$16K	10x	as long as short