Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0024%/8h= +2.7% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against Orderly+0.396%7-day average +0.036% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 4 days (all we have)−0.661%−$66 · spread now +0.396%, 7d avg +0.036%

Together, before fees−0.553%−$55 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 0.360% dearer against Orderly than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5148	0.0076	pay 0.0076% / 8h	5h 27m	$62K	$935K	50x
Short	ApeX Omni XRPUSDT	1.5208	0.0100	get 0.0013% / 1h	27m 05s	$1.2M	$1.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Orderly. 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 OrderlybpFee ApeX OmnibpOrdersPrice spread, now +0.396%Rate

Funding earned: $5.12
Price spread: +0.396% → +0.036%: $36.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $25.14
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 2 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
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

Orderly: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5163	+0.099%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5150	+0.013%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5146	−0.012%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5150	+0.013%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.720%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5146	−0.016%	$818K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5153	+0.033%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDClong	+0.0076%	8h	1.5148	long leg	$62K	$935K	50x
Lighter XRP	+0.0096%	1h	1.5149	+0.009%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5153	+0.033%	$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	−0.013%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5151	+0.023%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5165	+0.112%	$281.1M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5151	+0.020%	$38.4M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5155	+0.045%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5154	+0.038%	$537.2M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5154	+0.040%	$343.9M	$926.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5160	+0.079%	$125.7M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.152%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5155	+0.046%	$114K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	+0.054%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5151	+0.020%	$369.1M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5153	+0.033%	$293.1M	$899.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5150	+0.011%	$108.1M	$171.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5151	+0.020%	$267.6M	$379.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5149	+0.007%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.333%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	+0.237%	$659K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5175	+0.176%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5208	+0.396%	$1.2M	$1.0M	50x
Vest XRP-PERP	+0.0100%	1h	1.5154	+0.037%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5150	+0.013%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	+0.001%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	+0.009%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5157	+0.063%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	0.000%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5157	+0.063%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5154	+0.040%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	+0.024%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5143	−0.030%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	−0.011%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5160	+0.079%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5145	−0.021%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5153	+0.033%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	+0.040%	$24.2M	$74.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5184	+0.238%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5147	−0.009%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5158	+0.066%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5156	+0.055%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.277%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0685%	1h	1.5167	+0.125%	$2K	$14K	10x	as long as short