Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h +0.068%
Price spread now: ApeX Omni against GMX+0.075%68s7-day average +0.005% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.187%+$19 on $10k
Price spread, last 4 days (all we have)−0.401%−$40 · spread now +0.075%, 7d avg +0.005%
Together, before fees−0.214%−$21 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and ApeX Omni is 0.070% dearer against GMX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.005%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XRP/USD [ETH-USDC]1.5152L +0.0054% / S +0.0009%pay 0.0007% / 1h15m 33s$795K200x
ShortApeX Omni XRPUSDT1.51630.0100get 0.0013% / 1h15m 33s$1.2M$1.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against GMX. 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

Funding earned
$9.66
Price spread: +0.075% → +0.005%
$7.03
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$5.32
Costs to cover
0.220%
Break-even
10.9 days
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell ApeX Omni live order book, 3 min ago2.97 bp8.0 bp −$814.5 bp −$145doesn't fitdoesn't fit
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5160+0.056%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5159+0.049%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5152+0.003%$259K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5158+0.042%$7.8M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5154+0.018%$14.4M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.695%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]longL +0.0054% / S +0.0009%1h1.5152long leg$795K200x
Lighter XRP+0.0096%1h1.5167+0.104%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5168+0.108%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5163+0.075%$9K$351K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5156+0.032%$976K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5165+0.086%$38.9M$85.7M100xas long as short
Pacifica XRP+0.0100%1h1.5167+0.100%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5165+0.089%$535.5M$2.16B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5165+0.089%$345.0M$946.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5168+0.108%$126.0M$884.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5163+0.075%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5172+0.135%$137K$721K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164+0.085%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5165+0.089%$372.4M$156.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5163+0.075%$296.1M$907.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5164+0.081%$109.3M$178.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5167+0.102%$269.4M$390.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5166+0.095%$127.7Mas long as short
Variational Omni XRP+0.0100%8h1.5151−0.005%$4.8M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5166+0.098%$659K$110.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5154+0.018%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDTshort+0.0100%1h1.5163+0.075%$1.2M$1.1M50x
Vest XRP-PERP+0.0100%1h1.5157+0.034%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5159+0.049%$45K$479K20xas long as short
Bullet XRP-USD+0.0100%1h1.5153+0.010%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5153+0.009%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5153+0.013%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5156+0.030%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5155+0.023%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5158+0.042%$49.5M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5163+0.075%$54.0M$31.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5168+0.106%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5164+0.084%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5152+0.003%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5173+0.141%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5172+0.135%$5.7M$48.1M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5151−0.002%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5163+0.075%$24.2M$75.7M125xas long as short
Kalshi KXXRPPERP+0.0242%8h1.5162+0.069%$1.9M$35.3M2.9xas long as short
Backpack XRP_USDC_PERP+0.0251%1h1.5172+0.135%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-P+0.0280%1h1.5174+0.148%$17K$82K7xas long as short
RISEx XRP/USDC+0.0358%1h1.5171+0.128%$517K$776K10xas long as short
Hyperliquid XRP+0.0408%1h1.5180+0.188%$298.3M$251.4M20xas long as short
Phoenix XRP+0.0528%1h1.5190+0.254%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0643%1h1.5171+0.128%$2K$15K10xas long as short