XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0212%/8h= +23.2% APRnext payment +$0.27 per $10,000 · paid last 24h +0.031%

Price spread now: Hibachi against Arcus−0.225%48s7-day average — · you buy dearer than you sell

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

Long on Arcus Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 0.225% cheaper against Arcus than usual: you would sell low and buy high (spread −0.225% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 3.5 days of funding at the current rate (+$6 a day). The two prices were read 48 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	Arcus XRP-USD	1.5422	0.0100	pay 0.0013% / 1h	3m 28s	$121K	$688K	20x
Short	Hibachi XRP/USDT-P	1.5387	0.0312	get 0.0039% / 1h	3m 28s	$19K	$66K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Arcus. 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 ArcusbpFee HibachibpOrdersPrice spread, now −0.225%Rate

Funding earned: $44.52
Price spread: −0.225% → 0.000%: −$22.54
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $8.48
Costs to cover: 0.135%
Break-even: 5.7 days

Slippage unknown: Arcus: live order book, 20 min ago; Hibachi: no order-book sample. 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 Arcus live order book, 20 min ago	1.30 bp	5.3 bp −$5	8.4 bp −$84	doesn't fit	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

Hibachi: 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	1.5415	−0.045%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	−0.112%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.182%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5391	−0.199%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	−0.162%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.856%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5395	−0.175%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0164%	1h	1.5390	−0.206%	$906K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5413	−0.057%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5415	−0.045%	$445K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5418	−0.023%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5413	−0.056%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	−0.028%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5417	−0.032%	$554.5M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5418	−0.026%	$346.9M	$853.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5419	−0.019%	$125.6M	$849.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.188%	$573K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5422	long leg	$121K	$688K	20x
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.321%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5413	−0.058%	$367.7M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5412	−0.065%	$286.6M	$825.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5414	−0.053%	$112.1M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5417	−0.032%	$267.3M	$347.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5414	−0.052%	—	$114.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	−0.079%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5390	−0.205%	$669K	$96.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.155%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.233%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5410	−0.077%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5421	−0.006%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5394	−0.183%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5392	−0.197%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5398	−0.154%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5393	−0.188%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5389	−0.215%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5393	−0.188%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	−0.050%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5422	0.000%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5414	−0.053%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	−0.191%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5423	+0.006%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5393	−0.190%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5401	−0.136%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5401	−0.136%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5418	−0.026%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5396	−0.169%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5414	−0.052%	$1.8M	$31.9M	2.9x	as long as short
Hibachi XRP/USDT-Pshort	+0.0312%	1h	1.5387	−0.225%	$19K	$66K	7x
RISEx XRP/USDC	+0.0431%	1h	1.5425	+0.020%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0515%	1h	1.5429	+0.045%	$284.1M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5417	−0.036%	$1K	$11K	10x	as long as short