Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.031%

Price spread now: Binance against Hibachi−0.153%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on Binance

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 airdropHibachi: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Binance is 0.153% cheaper against Hibachi than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5416	0.0312	pay 0.0039% / 1h	5m 40s	$19K	$66K	7x
Short	Binance XRPUSDT	1.5392	0.0100	get 0.0100% / 8h	2h 05m	$553.8M	$1.87B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hibachi. 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 HibachibpFee BinancebpOrdersPrice spread, now −0.153%Rate

Funding earned: −$44.52
Price spread: −0.153% → 0.000%: −$15.25
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.77
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Binance: live order book, 8 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 Binance live order book, 8 min ago	0.32 bp	6.0 bp −$6	7.7 bp −$77	13.9 bp −$1,393	28.0 bp −$14.0K

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	1.5407	−0.055%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5395	−0.132%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.224%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5405	−0.068%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5414	−0.010%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.814%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5408	−0.049%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0166%	1h	1.5405	−0.066%	$907K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5399	−0.106%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5401	−0.094%	$445K	$3.1M	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	1.5404	−0.078%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5398	−0.115%	$39.2M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5396	−0.127%	$672K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5392	−0.153%	$553.8M	$1.87B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5395	−0.133%	$346.2M	$852.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5393	−0.146%	$125.9M	$847.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	−0.042%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5415	−0.003%	$120K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.363%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5402	−0.088%	$367.5M	$134.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5393	−0.146%	$288.4M	$824.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5392	−0.156%	$112.0M	$149.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5391	−0.159%	$266.9M	$346.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5403	−0.081%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5487	+0.464%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.179%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	−0.072%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5437	+0.139%	$1.0M	$879K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5411	−0.029%	$50K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5408	−0.049%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5406	−0.059%	$830K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5410	−0.034%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5411	−0.029%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5406	−0.064%	$50.7M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5416	+0.003%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5392	−0.151%	$480K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5405	−0.067%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5404	−0.075%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5399	−0.109%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5408	−0.047%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5412	−0.023%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5412	−0.026%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5415	−0.003%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5417	+0.010%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5406	−0.062%	$1.4M	$9K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5411	−0.029%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0301%	8h	1.5415	−0.003%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-Plong	+0.0312%	1h	1.5416	long leg	$19K	$66K	7x
RISEx XRP/USDC	+0.0431%	1h	1.5415	−0.002%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0512%	1h	1.5419	+0.023%	$284.0M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5427	+0.078%	$1K	$11K	10x	as long as short