Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.040%

Price spread now: Hibachi against Bybit+0.097%7-day average — · you sell dearer than you buy

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

Long on Bybit Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hibachi is 0.097% dearer against Bybit than usual: you sell high and buy low: +$10 more if the spread 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	Bybit XRPUSDT	1.5358	0.0100	pay 0.0100% / 8h	5h 54m	$364.0M	$890.9M	100x
Short	Hibachi XRP/USDT-P	1.5373	0.0120	get 0.0015% / 1h	54m 03s	$17K	$76K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bybit. 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 BybitbpFee HibachibpOrdersPrice spread, now +0.097%Rate

Funding earned: $4.2
Price spread: +0.097% → 0.000%: $9.72
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$6.08
Costs to cover: 0.200%
Break-even: 17.1 days

Slippage unknown: Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.32 bp	7.7 bp −$8	8.7 bp −$87	14.2 bp −$1,417	27.6 bp −$13.8K
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 50 exchanges

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	1.5403	+0.293%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5356	−0.013%	$14.1M	$71.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5367	+0.058%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5359	+0.007%	$7.8M	$21.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5353	−0.035%	$245K	—	150x	as long as short
01 Exchange XRPUSD	+0.0016%	1h	1.5360	+0.013%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.315%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0060%	1h	1.5356	−0.013%	$30K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5354	−0.023%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5360	+0.013%	$601K	$3.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0099%	8h	1.5367	+0.059%	$479K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5359	+0.007%	$9K	$400K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5359	+0.010%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5369	+0.072%	$299.6M	$266.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5356	−0.013%	$39.4M	$81.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5367	+0.059%	$594K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5358	0.000%	$535.8M	$2.09B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5358	long leg	$364.0M	$890.9M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5355	−0.020%	$124.8M	$839.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5365	+0.046%	$565K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5366	+0.052%	$165K	$684K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.137%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5359	+0.007%	$383.3M	$155.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5355	−0.020%	$313.5M	$887.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5354	−0.025%	$106.7M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5356	−0.013%	$272.4M	$357.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5358	0.000%	—	$103.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5365	+0.046%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5375	+0.108%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5375	+0.112%	$668K	$109.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5385	+0.178%	$1.1M	$30.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5406	+0.313%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5364	+0.038%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5360	+0.013%	$53K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5353	−0.030%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5352	−0.039%	$84K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5368	+0.066%	$129K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5347	−0.070%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5357	−0.007%	$54.7M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5349	−0.056%	$2.2M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.062%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5359	+0.007%	$5.5M	$44.6M	50x	as long as short
Hibachi XRP/USDT-Pshort	+0.0120%	1h	1.5373	+0.097%	$17K	$76K	7x
Kalshi KXXRPPERP	+0.0140%	8h	1.5369	+0.072%	$1.9M	$34.9M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0201% / S −0.0540%	1h	1.5353	−0.031%	$806K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5361	+0.020%	$23.9M	$78.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5355	−0.020%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5366	+0.050%	$514K	$739K	10x	as long as short
Aftermath Perps XRPUSD	+0.0432%	1h	1.5387	+0.187%	$3K	$13K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5390	+0.208%	$69K	$108K	15x	as long as short