Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0028%/8h= +3.1% APRpaid last 24h −0.043%

Price spread now: Bitget against Hibachi−0.043%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 Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 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

Funding pays, the price is against you. Bitget is 0.043% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.043% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 5.1 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.271%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5233	0.0072	pay 0.0009% / 1h	48m 56s	$17K	$78K	7x
Short	Bitget XRPUSDT	1.5226	0.0100	get 0.0100% / 8h	7h 48m	$270.1M	$385.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.043%Rate

Funding earned: $5.88
Price spread: −0.043% → 0.000%: −$4.31
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$19.43
Costs to cover: 0.210%
Break-even: 30.1 days

Slippage unknown: Hibachi: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	0.33 bp	6.3 bp −$6	8.9 bp −$89	17.6 bp −$1,762	23.4 bp −$11.7K

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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5228	−0.029%	$14.8M	$76.0M	50x	as long as short
Phemex XRPUSDT	−0.0084%	8h	1.5217	−0.102%	$54.3M	$32.6M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5218	−0.096%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5218	−0.093%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.049%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5227	−0.037%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5223	−0.065%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.150%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-Plong	+0.0072%	1h	1.5233	long leg	$17K	$78K	7x
Lighter XRP	+0.0096%	1h	1.5225	−0.052%	$2.8M	$14.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5228	−0.030%	$608K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5222	−0.069%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5220	−0.079%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5228	−0.028%	$38.6M	$85.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5225	−0.053%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5228	−0.028%	$530.8M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5226	−0.043%	$353.0M	$945.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5227	−0.037%	$127.0M	$861.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5207	−0.168%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5234	+0.009%	$143K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.283%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5226	−0.043%	$379.5M	$151.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5229	−0.023%	$314.4M	$912.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5227	−0.040%	$106.6M	$183.8M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5226	−0.043%	$270.1M	$385.0M	125x
BingX XRP-USDT	+0.0100%	8h	1.5228	−0.030%	—	$108.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	−0.043%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5214	−0.120%	$661K	$112.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5218	−0.096%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5223	−0.063%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5228	−0.029%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5227	−0.037%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5225	−0.050%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	−0.043%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	−0.050%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5231	−0.008%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5224	−0.056%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5223	−0.062%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5229	−0.026%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5223	−0.065%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5224	−0.059%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0114% / S −0.0078%	1h	1.5223	−0.062%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5230	−0.017%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5227	−0.037%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0171%	8h	1.5230	−0.017%	$1.7M	$33.5M	2.9x	as long as short
Hyperliquid XRP	+0.0208%	1h	1.5235	+0.016%	$291.0M	$267.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5222	−0.069%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5220	−0.081%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0268%	1h	1.5238	+0.036%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5232	−0.004%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0534%	1h	1.5214	−0.120%	$3K	$16K	10x	as long as short