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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 10:00 UTC−0.0024%/8h= −2.6% APRnext payment $0.03 per $10,000 · paid last 24h +0.009%
Price spread now: Hibachi against Coinbase International−0.111%7-day average · you buy dearer than you sell
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 7 days+0.222%+$22 on $10k
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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Hibachi is 0.111% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.222%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International XRP-PERP-INTX1.53000.0112pay 0.0014% / 1h8m 16s$5.5M$42.6M50x
ShortHibachi XRP/USDT-P1.52830.0088get 0.0011% / 1h8m 16s$17K$70K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Coinbase International. 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
−$5.04
Price spread: −0.111% → 0.000%
−$11.11
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$35.15
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago0.33 bp7.9 bp −$810.7 bp −$10730.1 bp −$3,009doesn'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 50 exchanges

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%1h1.5395+0.621%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5302+0.016%$13.8M$69.3M50xas long as short
dYdX XRP-USD0.0000%1h1.5299−0.007%$1.1M$154K10xas long as short
01 Exchange XRPUSD0.0000%1h1.5294−0.039%$9K$98710xas long as short
Phoenix XRP0.0000%1h1.5290−0.065%$68K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5302+0.013%$7.6M$20.3M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5296−0.025%$242K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.699%$2K$107K30xas long as short
Hibachi XRP/USDT-Pshort+0.0088%1h1.5283−0.111%$17K$70K7x
Lighter XRP+0.0096%1h1.5301+0.007%$2.7M$14.2M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5305+0.033%$598K$3.2M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5303+0.018%$477K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5285−0.098%$10K$410K20xas long as short
Nado XRP-PERP+0.0100%1h1.5296−0.023%$839K$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5307+0.046%$296.6M$263.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5298−0.010%$38.9M$79.8M100xas long as short
Pacifica XRP+0.0100%1h1.5301+0.009%$588K$987K20xas long as short
Binance XRPUSDT+0.0100%8h1.53000.000%$532.1M$2.04B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5298−0.013%$360.7M$860.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5297−0.020%$124.3M$822.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5267−0.216%$561K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5298−0.013%$163K$694K20xas long as short
Bulk XRP-USD+0.0100%1h1.5282−0.117%$1.6M$66K20xas long as short
Gate XRP_USDT+0.0100%8h1.5297−0.020%$376.9M$161.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5299−0.007%$311.7M$907.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5299−0.008%$104.8M$180.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5298−0.013%$270.9M$350.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5293−0.046%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5273−0.179%$4.9M$38.0Mas long as short
edgeX XRPUSDC+0.0100%4h1.5282−0.119%$664K$106.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5278−0.145%$1.1M$32.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5282−0.118%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5296−0.023%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5295−0.033%$52K$470K20xas long as short
Bullet XRP-USD+0.0100%1h1.5296−0.023%$41K$64K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5299−0.007%$83K$601K50xas long as short
SunX XRP-USDT+0.0100%8h1.5303+0.018%$128K$1.5M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5299−0.007%$32K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5290−0.064%$49.8M$13.2M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5298−0.013%$54.6M$33.1M50xas long as short
Extended XRP-USD+0.0104%1h1.5293−0.043%$2.2M$6.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5295−0.033%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTXlong+0.0112%1h1.5300long leg$5.5M$42.6M50x
Kalshi KXXRPPERP+0.0117%8h1.5303+0.020%$1.9M$35.4M2.9xas long as short
Backpack XRP_USDC_PERP+0.0150%1h1.5308+0.052%$2.0M$1.2M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5289−0.072%$23.7M$77.4M125xas long as short
Reya XRPRUSDPERP+0.0224%1h1.5295−0.035%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5303+0.019%$505K$723K10xas long as short
GMX XRP/USD [ETH-USDC]L +0.0241% / S −0.0459%1h1.5279−0.137%$883K200xas long as short
Aftermath Perps XRPUSD+0.0364%1h1.5291−0.057%$3K$13K10xas long as short