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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: ApeX Omni against Lighter RH+0.189%108s7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$7as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$180.179% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.107%+$11 on $10k
Price spread, last 3 days (all we have)−0.202%−$20 · spread now +0.189%, 7d avg +0.030%
Together, before fees−0.096%+ Points / potential airdropLighter RH: Points live · farm board−$10 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 0.160% dearer against Lighter RH than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 108 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter RH XRP1.53040.0096pay 0.0012% / 1h47m 40s$511K$3.2M20x
ShortApeX Omni XRPUSDT1.53330.0100get 0.0013% / 1h47m 40s$1.0M$906K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against Lighter RH. 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
$0.84
Price spread: +0.189% → +0.030%
$15.97
Slippage, 4 orders
−$7.89
Fee Lighter RH: 0 bp × 2 orders
$0
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$1.08
Costs to cover
0.179%
Break-even
16.0 days
Slippage from Lighter RH: live order book, 6 min ago; ApeX Omni: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter RH live order book, 6 min ago1.63 bp3.5 bp −$36.8 bp −$6844.2 bp −$4,416doesn't fit
Sell ApeX Omni live order book, 1 min ago1.31 bp6.4 bp −$611.0 bp −$110doesn't fitdoesn't fit

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%1h1.5311+0.046%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5297−0.044%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5296−0.052%$256K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0010% / S +0.0086%1h1.5292−0.077%$838K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.673%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5297−0.046%$75K$910K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0077%1h1.5299−0.033%$9.3M$25.5M50xas long as short
Lighter XRP+0.0096%1h1.5302−0.013%$2.8M$13.7M20xas long as short
Lighter RH XRPlong+0.0096%1h1.5304long leg$511K$3.2M20x
Katana Perps XRP-USD+0.0100%8h1.5300−0.026%$11K$276K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XRP-USD-PERP+0.0100%8h1.5298−0.038%$477K$54K50xas long as short
Nado XRP-PERP+0.0100%1h1.5305+0.003%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5309+0.032%$38.7M$83.6M100xas long as short
Pacifica XRP+0.0100%1h1.53040.000%$619K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5299−0.030%$538.0M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5299−0.033%$340.1M$929.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5299−0.033%$124.7M$877.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5292−0.078%$572K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5302−0.013%$116K$710K20xas long as short
Bulk XRP-USD+0.0100%1h1.5306+0.010%$1.6M$562K20xas long as short
Gate XRP_USDT+0.0100%8h1.5295−0.059%$372.2M$148.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5297−0.046%$296.3M$895.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5296−0.049%$108.5M$167.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5297−0.046%$267.8M$376.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5301−0.020%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5329+0.164%$6.4M$35.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5308+0.023%$665K$107.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5387+0.542%$1.1M$39.8M20xas long as short
ApeX Omni XRPUSDTshort+0.0100%1h1.5333+0.189%$1.0M$906K50x
Vest XRP-PERP+0.0100%1h1.5298−0.041%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5298−0.039%$48K$443K20xas long as short
Bullet XRP-USD+0.0100%1h1.5293−0.071%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5297−0.046%$823K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5300−0.028%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5293−0.072%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5291−0.083%$50.2M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5295−0.059%$54.4M$29.7M50xas long as short
Extended XRP-USD+0.0104%1h1.5296−0.050%$2.1M$7.2M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5303−0.007%$8K$8K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5295−0.059%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5293−0.070%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5308+0.026%$23.9M$74.4M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5297−0.046%$5.8M$46.2M50xas long as short
Backpack XRP_USDC_PERP+0.0238%1h1.5303−0.007%$1.9M$1.3M25xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5290−0.094%$14.5M$70.6M50xas long as short
Hibachi XRP/USDT-P+0.0296%1h1.5308+0.027%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0316%8h1.5307+0.020%$2.0M$35.3M2.9xas long as short
Hyperliquid XRP+0.0420%1h1.5316+0.078%$290.2M$216.1M20xas long as short
Phoenix XRP+0.0520%1h1.5400+0.627%$69K$110K15xas long as short
Aftermath Perps XRPUSD+0.0795%1h1.5340+0.233%$2K$12K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5303−0.005%$506K$755K10xas long as short