Funding you earn now, next payment 01:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h −0.015%
Price spread now: Backpack against Hibachi−0.020%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5374 | 0.0312 | pay 0.0039% / 1h | 8m 18s | $17K | $82K | 7x |
| Short | Backpack XRP_USDC_PERP | 1.5371 | 0.0313 | get 0.0039% / 1h | 8m 18s | $1.9M | $1.3M | 25x |
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.2
- Price spread: −0.020% → 0.000%
- −$1.98
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$20.78
- Costs to cover
- 0.190%
- Break-even
- 750.2 days
Slippage unknown: Hibachi: no order-book sample; Backpack: live order book, 6 min ago. 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 6 min ago | 0.32 bp | 5.3 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
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 | 1.5366 | −0.052% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5342 | −0.211% | $1.1M | $112K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5348 | −0.171% | $257K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0018% / S +0.0073% | 1h | 1.5347 | −0.178% | $841K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.210% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0064% | 8h | 1.5351 | −0.150% | $58K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5339 | −0.228% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5346 | −0.182% | $2.8M | $14.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5342 | −0.208% | $514K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5338 | −0.234% | $9K | $281K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5333 | −0.269% | $478K | $55K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5332 | −0.277% | $1.0M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5340 | −0.222% | $38.8M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5342 | −0.211% | $631K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5351 | −0.150% | $542.3M | $2.05B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5351 | −0.150% | $341.9M | $919.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5352 | −0.143% | $124.5M | $868.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5322 | −0.339% | $572K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5338 | −0.234% | $117K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5274 | −0.647% | $1.6M | $378K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5348 | −0.169% | $374.8M | $151.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5350 | −0.156% | $305.0M | $914.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5348 | −0.167% | $111.1M | $166.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5349 | −0.163% | $269.3M | $375.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5338 | −0.234% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5354 | −0.131% | $6.5M | $35.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5360 | −0.093% | $667K | $106.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5362 | −0.078% | $1.1M | $37.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5376 | +0.013% | $1.2M | $997K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5348 | −0.172% | — | $9K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5347 | −0.176% | $47K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5349 | −0.162% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5353 | −0.138% | $826K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5356 | −0.115% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5352 | −0.143% | $30K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5364 | −0.068% | $50.4M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5364 | −0.065% | $54.6M | $29.5M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5347 | −0.176% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5349 | −0.162% | $59K | $25K | 3x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0141% | 1h | 1.5353 | −0.137% | $9.3M | $24.9M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5344 | −0.193% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5359 | −0.098% | $24.1M | $74.0M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5358 | −0.104% | $5.7M | $46.7M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0243% | 1h | 1.5355 | −0.126% | $14.5M | $70.3M | 50x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0312% | 1h | 1.5374 | long leg | $17K | $82K | 7x | |
| Backpack XRP_USDC_PERPshort | +0.0313% | 1h | 1.5371 | −0.020% | $1.9M | $1.3M | 25x | |
| Kalshi KXXRPPERP | +0.0321% | 8h | 1.5385 | +0.071% | $2.0M | $34.7M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0378% | 1h | 1.5356 | −0.117% | $290.3M | $214.4M | 20x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5360 | −0.091% | $68K | $110K | 15x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5341 | −0.215% | $543K | $773K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0838% | 1h | 1.5354 | −0.131% | $2K | $13K | 10x | as long as short |
Paradex XRP-USD-PERP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
Hyperliquid XRP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD