Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.034%

Price spread now: Hibachi against Binance+0.016%7-day average — · you sell dearer than you buy

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

Long on Binance Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 5 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5325	0.0100	pay 0.0100% / 8h	7h 32m	$539.7M	$2.05B	100x
Short	Hibachi XRP/USDT-P	1.5328	0.0312	get 0.0039% / 1h	32m 11s	$17K	$81K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Binance. 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 BinancebpFee HibachibpOrdersPrice spread, now +0.016%Rate

Funding earned: $44.52
Price spread: +0.016% → 0.000%: $1.6
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $27.12
Costs to cover: 0.190%
Break-even: 2.7 days

Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	12.7 bp −$1,269	28.8 bp −$14.4K
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	1.5308	−0.111%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5303	−0.142%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5311	−0.092%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0013% / S +0.0080%	1h	1.5309	−0.106%	$839K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.533%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5319	−0.040%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5321	−0.027%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5325	−0.001%	$514K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5293	−0.209%	$10K	$277K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5300	−0.165%	$477K	$54K	50x	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	1.5296	−0.187%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5307	−0.117%	$38.7M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5306	−0.125%	$619K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5325	long leg	$539.7M	$2.05B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5325	−0.001%	$341.6M	$920.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5325	−0.001%	$124.9M	$869.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.059%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5302	−0.151%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.191%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5324	−0.007%	$373.7M	$149.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5324	−0.007%	$308.6M	$902.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5325	−0.002%	$108.7M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5324	−0.007%	$268.1M	$374.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5318	−0.046%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.020%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.076%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	−0.018%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5333	+0.052%	$1.0M	$892K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5306	−0.125%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5311	−0.095%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	−0.027%	$825K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5327	+0.014%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5320	−0.033%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5318	−0.044%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5319	−0.040%	$54.5M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5304	−0.140%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5315	−0.063%	$2.1M	$7.1M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5295	−0.196%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5320	−0.031%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0142%	1h	1.5323	−0.014%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5304	−0.138%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5317	−0.053%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5322	−0.020%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5318	−0.047%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0282%	1h	1.5334	+0.058%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5319	−0.040%	$2.1M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-Pshort	+0.0312%	1h	1.5328	+0.016%	$17K	$81K	7x
Hyperliquid XRP	+0.0405%	1h	1.5336	+0.071%	$289.6M	$214.5M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.032%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5319	−0.039%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5299	−0.169%	$505K	$754K	10x	as long as short