Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Bybit+0.152%69s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as 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−$310.311% of the position

Long on Bybit Short on ApeX Omni

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−0.161%−$16 · spread now +0.152%, 7d avg +0.038%

Together, before fees−0.093%−$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: ApeX Omni is 0.114% dearer against Bybit than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.038%. The two prices were read 69 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	Bybit XRPUSDT	1.5133	0.0100	pay 0.0100% / 8h	4h 14m	$346.6M	$934.9M	100x
Short	ApeX Omni XRPUSDT	1.5156	0.0100	get 0.0013% / 1h	14m 16s	$1.2M	$1.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Bybit. 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 BybitbpFee ApeX OmnibpOrdersPrice spread, now +0.152%Rate

Funding earned: $0
Price spread: +0.152% → +0.038%: $11.44
Slippage, 4 orders: −$10.07
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.63
Costs to cover: 0.311%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; ApeX Omni: 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 Bybit live order book, 5 min ago	0.33 bp	6.3 bp −$6	7.2 bp −$72	12.6 bp −$1,259	26.9 bp −$13.5K
Sell ApeX Omni live order book, 5 min ago	3.30 bp	10.4 bp −$10	15.6 bp −$156	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	1.5142	+0.059%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5132	−0.003%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5134	+0.008%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.112%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5136	+0.020%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5128	−0.033%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.822%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0045% / S +0.0023%	1h	1.5125	−0.055%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0089%	8h	1.5133	0.000%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5137	+0.025%	$2.8M	$14.6M	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	1.5139	+0.040%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5131	−0.013%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5134	+0.010%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5144	+0.073%	$280.2M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5131	−0.016%	$38.3M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5136	+0.020%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5132	−0.008%	$533.7M	$2.12B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5133	long leg	$346.6M	$934.9M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5134	+0.007%	$126.1M	$873.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5132	−0.007%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5134	+0.007%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.017%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5128	−0.033%	$368.8M	$154.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5130	−0.020%	$291.6M	$902.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5132	−0.004%	$107.9M	$174.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5134	+0.007%	$267.8M	$384.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5135	+0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5137	+0.025%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.082%	$659K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.106%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5156	+0.152%	$1.2M	$1.1M	50x
Vest XRP-PERP	+0.0100%	1h	1.5134	+0.009%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5132	−0.007%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5130	−0.020%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5134	+0.005%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5137	+0.028%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5132	−0.007%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5140	+0.044%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5144	+0.073%	$54.0M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5133	+0.002%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5129	−0.024%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5134	+0.007%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5132	−0.007%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5151	+0.119%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5141	+0.053%	$5.5M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5146	+0.087%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5129	−0.025%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5143	+0.066%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5152	+0.126%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5136	+0.020%	$515K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0673%	1h	1.5151	+0.118%	$2K	$15K	10x	as long as short