Funding you earn now, next payment 01:00 UTC−0.0001%/8h= −0.1% APRnext payment −$0.00 per $10,000 · paid last 24h +0.015%
Price spread now: Hibachi against Backpack+0.041%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hibachi is 0.041% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5371 | 0.0313 | pay 0.0039% / 1h | 9m 04s | $1.9M | $1.3M | 25x |
| Short | Hibachi XRP/USDT-P | 1.5377 | 0.0312 | get 0.0039% / 1h | 9m 04s | $17K | $82K | 7x |
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.2
- Price spread: +0.041% → 0.000%
- $4.12
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$15.08
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 5 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 Backpack live order book, 5 min ago | 0.32 bp | 5.3 bp −$5 | 9.0 bp −$90 | 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 | 1.5382 | +0.072% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5378 | +0.044% | $1.1M | $112K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5371 | −0.003% | $257K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0018% / S +0.0073% | 1h | 1.5369 | −0.010% | $843K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.230% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0064% | 8h | 1.5370 | −0.007% | $58K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5372 | +0.007% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0075% | 1h | 1.5369 | −0.013% | $9.3M | $25.0M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5364 | −0.043% | $2.9M | $14.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5371 | 0.000% | $515K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5371 | 0.000% | $9K | $281K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5387 | +0.102% | $480K | $55K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5377 | +0.042% | $1.0M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5370 | −0.009% | $38.8M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5382 | +0.072% | $633K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5358 | −0.085% | $542.6M | $2.05B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5354 | −0.111% | $342.0M | $919.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5354 | −0.111% | $124.7M | $868.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5366 | −0.033% | $572K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5374 | +0.020% | $117K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5274 | −0.628% | $1.6M | $378K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5363 | −0.052% | $375.2M | $151.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5365 | −0.039% | $307.2M | $914.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5362 | −0.056% | $111.2M | $166.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5360 | −0.072% | $269.6M | $375.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5362 | −0.059% | — | $124.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5354 | −0.111% | $6.5M | $35.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5360 | −0.073% | $667K | $106.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5362 | −0.059% | $1.1M | $37.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5376 | +0.033% | $1.2M | $997K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5378 | +0.043% | — | $9K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5383 | +0.078% | $48K | $446K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5373 | +0.014% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5373 | +0.014% | $828K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5378 | +0.047% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5365 | −0.039% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5364 | −0.048% | $50.4M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5364 | −0.046% | $54.6M | $29.5M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5367 | −0.026% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5369 | −0.011% | $59K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5371 | +0.002% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5359 | −0.078% | $24.1M | $74.0M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5371 | 0.000% | $5.7M | $46.7M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0243% | 1h | 1.5364 | −0.043% | $14.5M | $70.3M | 50x | as long as short |
| Hibachi XRP/USDT-Pshort | +0.0312% | 1h | 1.5377 | +0.041% | $17K | $82K | 7x | |
| Backpack XRP_USDC_PERPlong | +0.0313% | 1h | 1.5371 | long leg | $1.9M | $1.3M | 25x | |
| Kalshi KXXRPPERP | +0.0321% | 8h | 1.5385 | +0.091% | $2.0M | $34.7M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0381% | 1h | 1.5373 | +0.013% | $290.6M | $214.3M | 20x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5360 | −0.072% | $68K | $110K | 15x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5385 | +0.089% | $544K | $773K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0837% | 1h | 1.5370 | −0.007% | $2K | $13K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
Hyperliquid XRP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD