Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h +0.008%

Price spread now: Hibachi against BloFin−0.007%47s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

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: −$4 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.096%, so the current rate has only just turned against you. The two prices were read 47 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	BloFin XRP-USDT	1.5153	0.0220	pay 0.0220% / 8h	13m 46s	$23.5M	$77.7M	125x
Short	Hibachi XRP/USDT-P	1.5152	0.0096	get 0.0012% / 1h	13m 46s	$17K	$78K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against BloFin. 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 BloFinbpFee HibachibpOrdersPrice spread, now −0.007%Rate

Funding earned: −$26.04
Price spread: −0.007% → 0.000%: −$0.68
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$47.72
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: 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 BloFin live order book, 5 min ago	0.33 bp	6.3 bp −$6	6.3 bp −$63	10.4 bp −$1,038	17.3 bp −$8,648
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	1.5157	+0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5169	+0.105%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	+0.092%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5175	+0.145%	$7.7M	$24.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.686%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5168	+0.101%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	+0.111%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5173	+0.132%	$604K	$3.2M	20x	as long as short
Hibachi XRP/USDT-Pshort	+0.0096%	1h	1.5152	−0.007%	$17K	$78K	7x
Katana Perps XRP-USD	+0.0099%	8h	1.5154	+0.007%	$20K	$384K	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	1.5159	+0.039%	$997K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5172	+0.126%	$38.5M	$86.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5167	+0.095%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5172	+0.125%	$529.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5169	+0.106%	$349.7M	$951.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5168	+0.099%	$127.3M	$863.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5145	−0.053%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5167	+0.092%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	+0.165%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5174	+0.139%	$377.7M	$162.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5174	+0.139%	$311.0M	$928.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5177	+0.160%	$106.7M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5171	+0.119%	$268.8M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5168	+0.099%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−0.032%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	+0.049%	$659K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5177	+0.157%	$1.1M	$34.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	+0.185%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5166	+0.085%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5164	+0.073%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5165	+0.079%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5170	+0.112%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5171	+0.122%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5165	+0.076%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5169	+0.106%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5167	+0.092%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	+0.092%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5172	+0.125%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5171	+0.120%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5164	+0.073%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5169	+0.107%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0107% / S −0.0070%	1h	1.5151	−0.011%	$773K	—	200x	as long as short
Hyperliquid XRP	+0.0141%	1h	1.5182	+0.191%	$289.9M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5173	+0.132%	$1.8M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0170%	1h	1.5185	+0.211%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5173	+0.132%	$5.6M	$48.0M	50x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5153	long leg	$23.5M	$77.7M	125x
Reya XRPRUSDPERP	+0.0220%	1h	1.5144	−0.062%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5166	+0.085%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.178%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0595%	1h	1.5161	+0.052%	$2K	$16K	10x	as long as short