Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: ApeX Omni against KuCoin+0.132%67s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as 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−$280.275% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)−0.155%−$16 · spread now +0.132%, 7d avg +0.028%

Together, before fees−0.064%−$6 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 0.104% dearer against KuCoin than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 67 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	KuCoin XRPUSDTM	1.5327	0.0100	pay 0.0100% / 8h	12m 24s	$109.2M	$165.9M	75x
Short	ApeX Omni XRPUSDT	1.5347	0.0100	get 0.0013% / 1h	12m 24s	$1.0M	$901K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.132%Rate

Funding earned: $0
Price spread: +0.132% → +0.028%: $10.41
Slippage, 4 orders: −$5.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$17.09
Costs to cover: 0.275%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; ApeX Omni: 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 KuCoin live order book, 7 min ago	0.03 bp	6.7 bp −$7	10.2 bp −$102	29.8 bp −$2,975	doesn't fit
Sell ApeX Omni live order book, 7 min ago	1.30 bp	6.6 bp −$7	10.8 bp −$108	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	1.5323	−0.024%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5330	+0.020%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.152%	$68K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5323	−0.024%	$9.3M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5323	−0.023%	$265K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0094%	1h	1.5316	−0.070%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5319	−0.049%	$14.9M	$69.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0060%	8h	1.5326	−0.005%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.522%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5334	+0.049%	$3.0M	$13.4M	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	1.5335	+0.054%	$486K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5332	+0.038%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5330	+0.023%	$38.8M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5334	+0.049%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5332	+0.032%	$544.7M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5326	−0.005%	$339.0M	$927.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5327	+0.002%	$125.2M	$878.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5350	+0.152%	$571K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5334	+0.048%	$116K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5373	+0.299%	$1.7M	$571K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5328	+0.008%	$360.7M	$148.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5330	+0.022%	$299.5M	$892.9M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5327	long leg	$109.2M	$165.9M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5329	+0.015%	$267.6M	$376.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5328	+0.008%	—	$122.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5350	+0.154%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5346	+0.126%	$666K	$105.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5353	+0.171%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5347	+0.132%	$1.0M	$901K	50x
Vest XRP-PERP	+0.0100%	1h	1.5330	+0.020%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5332	+0.035%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5331	+0.026%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5324	−0.019%	$825K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5328	+0.008%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5322	−0.031%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5319	−0.050%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5321	−0.037%	$54.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5332	+0.033%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5325	−0.011%	$11K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5327	−0.001%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5319	−0.050%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5333	+0.041%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5328	+0.005%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5324	−0.018%	$24.1M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5327	+0.002%	$5.8M	$46.8M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5323	−0.024%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5337	+0.067%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5329	+0.015%	$2.0M	$34.5M	2.9x	as long as short
Hyperliquid XRP	+0.0575%	1h	1.5347	+0.134%	$291.0M	$215.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5337	+0.068%	$499K	$707K	10x	as long as short
Aftermath Perps XRPUSD	+0.0787%	1h	1.5348	+0.139%	$1K	$11K	10x	as long as short