Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.073%

Price spread now: Hibachi against edgeX+0.283%66s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Hibachi: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Hibachi is 0.283% dearer against edgeX than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 66 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	edgeX XRPUSDC	1.5414	0.0100	pay 0.0050% / 4h	2h 00m	$670K	$96.2M	30x
Short	Hibachi XRP/USDT-P	1.5457	0.0320	get 0.0040% / 1h	0m 02s	$19K	$66K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against edgeX. 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 edgeXbpFee HibachibpOrdersPrice spread, now +0.283%Rate

Funding earned: $46.2
Price spread: +0.283% → 0.000%: $28.28
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $56.48
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: edgeX: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 4 min ago	1.30 bp	5.8 bp −$6	6.0 bp −$60	9.3 bp −$928	doesn'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 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	1.5478	+0.417%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5482	+0.442%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.106%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5523	+0.711%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.802%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5532	+0.768%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S +0.0159%	1h	1.5522	+0.703%	$915K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5513	+0.646%	$3.0M	$11.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5515	+0.657%	$448K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5545	+0.855%	$1.1M	$5.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5513	+0.641%	$39.5M	$73.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5490	+0.494%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5493	+0.515%	$557.3M	$1.89B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5493	+0.515%	$348.5M	$856.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5492	+0.508%	$126.4M	$855.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	−0.134%	$575K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5511	+0.631%	$120K	$696K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	+0.265%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5507	+0.606%	$368.7M	$135.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5493	+0.515%	$283.2M	$828.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5493	+0.513%	$112.6M	$149.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5492	+0.508%	$268.5M	$348.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5492	+0.508%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	+0.332%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5414	long leg	$670K	$96.2M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5398	−0.101%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5386	−0.179%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5517	+0.669%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5549	+0.878%	$51K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5526	+0.729%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5529	+0.746%	$836K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5524	+0.714%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5517	+0.670%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5520	+0.687%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5511	+0.631%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5488	+0.485%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5531	+0.761%	$11K	$243K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5491	+0.499%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5522	+0.704%	$72K	$40K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0137%	1h	1.5527	+0.735%	$9.5M	$24.8M	50x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5537	+0.800%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5516	+0.661%	$15.8M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5522	+0.703%	$5.7M	$45.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5534	+0.780%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0216%	1h	1.5524	+0.716%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	+0.346%	$24.3M	$69.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5493	+0.515%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-Pshort	+0.0320%	1h	1.5457	+0.283%	$19K	$66K	7x
RISEx XRP/USDC	+0.0431%	1h	1.5537	+0.798%	$408K	$523K	10x	as long as short
Hyperliquid XRP	+0.0523%	1h	1.5533	+0.774%	$287.1M	$191.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0531%	1h	1.5437	+0.153%	$1K	$11K	10x	as long as short