Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: ApeX Omni against edgeX+0.159%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on edgeX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.174%+$17 on $10k

Price spread, last 7 days−0.130%−$13 · spread now +0.159%, 7d avg +0.066%

Together, before fees+0.044%+ Points / potential airdropedgeX: Active · farm board+$4 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 0.093% dearer against edgeX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5184	0.0100	pay 0.0050% / 4h	1h 27m	$659K	$107.6M	30x
Short	ApeX Omni XRPUSDT	1.5208	0.0100	get 0.0013% / 1h	27m 27s	$1.2M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against edgeX. 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 edgeXbpFee ApeX OmnibpOrdersPrice spread, now +0.159%Rate

Funding earned: $0
Price spread: +0.159% → +0.066%: $9.27
Slippage, 4 orders: −$9.49
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$19.22
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from edgeX: live order book, 2 min ago; ApeX Omni: 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 edgeX live order book, 2 min ago	0.99 bp	5.5 bp −$5	5.5 bp −$55	8.9 bp −$889	doesn't fit
Sell ApeX Omni live order book, 2 min ago	3.30 bp	8.8 bp −$9	13.2 bp −$132	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	1.5163	−0.137%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	−0.223%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5146	−0.248%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5161	−0.151%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.477%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5160	−0.159%	$818K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5153	−0.203%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5157	−0.177%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5155	−0.189%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5153	−0.203%	$511K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5146	−0.249%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5151	−0.213%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5160	−0.157%	$281.0M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5153	−0.203%	$38.4M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5155	−0.191%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5148	−0.233%	$537.0M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5147	−0.243%	$343.8M	$927.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5150	−0.223%	$125.7M	$866.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	−0.085%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5155	−0.190%	$114K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.182%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5151	−0.216%	$369.1M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5151	−0.216%	$292.6M	$899.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5150	−0.223%	$108.2M	$171.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5148	−0.236%	$267.6M	$379.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5146	−0.249%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.096%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5184	long leg	$659K	$107.6M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5175	−0.060%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5208	+0.159%	$1.2M	$1.0M	50x
Vest XRP-PERP	+0.0100%	1h	1.5154	−0.199%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5150	−0.223%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	−0.235%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5158	−0.168%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5173	−0.068%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5159	−0.164%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5155	−0.188%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5161	−0.151%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	−0.212%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5148	−0.233%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5155	−0.187%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5162	−0.144%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5145	−0.257%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5166	−0.118%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5178	−0.039%	$24.2M	$75.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5184	+0.001%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5157	−0.175%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5178	−0.039%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5156	−0.181%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.040%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0685%	1h	1.5167	−0.111%	$2K	$14K	10x	as long as short