Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0156%/8h= +17.1% APRpaid last 24h +0.034%
Price spread now: Hibachi against BingX+0.066%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.066% dearer against BingX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XRP-USDT1.54050.0100pay 0.0100% / 8h27m 02s$121.2M
ShortHibachi XRP/USDT-P1.54150.0256get 0.0032% / 1h27m 02s$18K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against BingX. 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

Funding earned
$32.76
Price spread: +0.066% → 0.000%
$6.61
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$20.37
Costs to cover
0.190%
Break-even
2.6 days
Slippage unknown: BingX: 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
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 12 min ago0.97 bp6.0 bp −$66.4 bp −$648.4 bp −$83715.6 bp −$7,786
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5413+0.052%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5403−0.013%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5420+0.097%$69K$90K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5406+0.006%$267K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0005% / S +0.0098%1h1.5405−0.001%$833K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0010%1h1.5410+0.032%$9.5M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5406+0.007%$15.1M$69.6M50xas long as short
Orderly PERP_XRP_USDC+0.0058%8h1.5409+0.026%$76K$910K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+1.006%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5415+0.066%$3.0M$12.7M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5413+0.052%$439K$3.1M20xas long as short
Nado XRP-PERP+0.0100%1h1.5395−0.062%$1.1M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5410+0.030%$39.3M$81.1M100xas long as short
Pacifica XRP+0.0100%1h1.5404−0.008%$634K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5408+0.019%$548.7M$2.04B100xas long as short
Bybit XRPUSDT+0.0100%8h1.54050.000%$343.0M$922.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5406+0.006%$125.6M$882.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5382−0.149%$574K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5409+0.026%$116K$757K20xas long as short
Bulk XRP-USD+0.0100%1h1.5410+0.032%$1.7M$572K20xas long as short
Gate XRP_USDT+0.0100%8h1.5407+0.013%$362.1M$147.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5408+0.019%$296.8M$882.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5412+0.046%$111.8M$164.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5404−0.006%$268.9M$373.0M125xas long as short
BingX XRP-USDTlong+0.0100%8h1.5405long leg$121.2M
Variational Omni XRP+0.0100%8h1.5433+0.180%$11.5M$30.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5405−0.001%$669K$104.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5414+0.060%$1.1M$40.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5406+0.006%$1.0M$900K50xas long as short
Vest XRP-PERP+0.0100%1h1.54050.000%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5406+0.006%$47K$455K20xas long as short
Bullet XRP-USD+0.0100%1h1.5404−0.003%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5411+0.042%$830K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5410+0.034%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5408+0.019%$32K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5400−0.031%$50.5M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5412+0.045%$54.8M$29.4M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5407+0.011%$480K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5407+0.013%$11K$268K20xas long as short
Extended XRP-USD+0.0104%1h1.5399−0.041%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5408+0.021%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5409+0.026%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5402−0.021%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5416+0.071%$24.4M$74.5M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5417+0.078%$5.8M$47.3M50xas long as short
Hibachi XRP/USDT-Pshort+0.0256%1h1.5415+0.066%$18K$82K7x
Backpack XRP_USDC_PERP+0.0267%1h1.5414+0.058%$1.7M$1.0M25xas long as short
Kalshi KXXRPPERP+0.0305%8h1.5414+0.058%$2.0M$34.3M2.9xas long as short
Hyperliquid XRP+0.0587%1h1.5423+0.117%$293.3M$212.2M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5415+0.066%$501K$634K10xas long as short
Aftermath Perps XRPUSD+0.0788%1h1.5435+0.192%$1K$11K10xas long as short