Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+0.521%73s7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as 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−$660.662% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)−0.682%−$68 · spread now +0.521%, 7d avg +0.009%

Together, before fees−0.690%−$69 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 0.512% dearer against SunX than usual: you sell high and buy low, +$51 on $10k if it goes back to its 7-day average of +0.009%. The two prices were read 73 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	SunX XRP-USDT	1.5317	0.0100	pay 0.0100% / 8h	7h 50m	$128K	$1.8M	30x
Short	ApeX Omni XRPUSDT	1.5397	0.0100	get 0.0013% / 1h	50m 08s	$1.0M	$906K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.521%Rate

Funding earned: $0
Price spread: +0.521% → +0.009%: $51.21
Slippage, 4 orders: −$48.19
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$14.98
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from SunX: live order book, 5 min ago; ApeX Omni: live order book, 4 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 SunX live order book, 5 min ago	17.28 bp	21.9 bp −$22	24.6 bp −$246	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 4 min ago	3.25 bp	8.3 bp −$8	12.6 bp −$126	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	1.5317	−0.001%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5316	−0.009%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.035%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0009% / S +0.0086%	1h	1.5310	−0.048%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.585%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5306	−0.073%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5310	−0.047%	$9.3M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5311	−0.042%	$2.9M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5318	+0.005%	$511K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5328	+0.071%	$8K	$8K	10x	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	1.5327	+0.064%	$11K	$276K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5317	0.000%	$478K	$54K	50x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5312	−0.034%	$38.7M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	+0.034%	$633K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5314	−0.021%	$538.5M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5311	−0.040%	$339.8M	$929.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5311	−0.040%	$125.0M	$880.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	+0.018%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5325	+0.051%	$116K	$709K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	+0.129%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5312	−0.034%	$373.5M	$148.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5311	−0.040%	$296.4M	$894.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5314	−0.018%	$108.6M	$167.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5311	−0.040%	$268.4M	$376.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5313	−0.027%	—	$123.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	+0.078%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.487%	$668K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5387	+0.456%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5397	+0.521%	$1.0M	$906K	50x
Nado XRP-PERP	+0.0100%	1h	1.5324	+0.041%	$1.0M	$5.6M	20x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5323	+0.036%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5322	+0.031%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5313	−0.027%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5306	−0.071%	$824K	$81K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5317	long leg	$128K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5311	−0.040%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5302	−0.100%	$50.2M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5314	−0.021%	$54.5M	$29.8M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5301	−0.104%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5305	−0.078%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5311	−0.038%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5330	+0.084%	$23.9M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5317	−0.001%	$5.8M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0244%	1h	1.5319	+0.012%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5308	−0.059%	$14.5M	$70.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5393	+0.493%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5328	+0.071%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0436%	1h	1.5326	+0.057%	$290.6M	$215.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5400	+0.541%	$69K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0797%	1h	1.5357	+0.257%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5328	+0.072%	$506K	$755K	10x	as long as short