Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h −0.004%

Price spread now: BloFin against Hibachi+0.055%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 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

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and BloFin is 0.055% dearer against Hibachi than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.083%, 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	1.5135	0.0208	pay 0.0026% / 1h	15m 14s	$17K	$82K	7x
Short	BloFin XRP-USDT	1.5143	0.0220	get 0.0220% / 8h	4h 15m	$24.2M	$76.0M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.055%Rate

Funding earned: $2.52
Price spread: +0.055% → 0.000%: $5.54
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$12.94
Costs to cover: 0.210%
Break-even: 42.9 days

Slippage unknown: Hibachi: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.33 bp	7.0 bp −$7	7.3 bp −$73	9.5 bp −$949	17.6 bp −$8,800

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	1.5135	+0.003%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5142	+0.048%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5143	+0.052%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.102%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5142	+0.049%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5148	+0.088%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.811%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0044% / S +0.0023%	1h	1.5142	+0.048%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0088%	8h	1.5146	+0.075%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5145	+0.069%	$2.8M	$14.6M	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	1.5146	+0.075%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5146	+0.075%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.079%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5165	+0.201%	$280.6M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5144	+0.062%	$38.3M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	+0.088%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5143	+0.055%	$534.1M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5142	+0.049%	$346.8M	$934.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5143	+0.055%	$126.2M	$874.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5132	−0.017%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5155	+0.135%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	+0.261%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5145	+0.069%	$369.2M	$154.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5143	+0.055%	$291.5M	$902.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5147	+0.079%	$108.0M	$174.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5139	+0.029%	$267.9M	$385.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5146	+0.075%	—	$127.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5137	+0.015%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.072%	$659K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.096%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5156	+0.141%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5146	+0.073%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5152	+0.115%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5143	+0.056%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5146	+0.077%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5156	+0.143%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5144	+0.062%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5140	+0.034%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5144	+0.062%	$54.0M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5146	+0.076%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	+0.045%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5156	+0.141%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5144	+0.064%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0181%	1h	1.5142	+0.049%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5151	+0.108%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-Plong	+0.0208%	1h	1.5135	long leg	$17K	$82K	7x
Reya XRPRUSDPERP	+0.0216%	1h	1.5141	+0.043%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDTshort	+0.0220%	8h	1.5143	+0.055%	$24.2M	$76.0M	125x
Kalshi KXXRPPERP	+0.0315%	8h	1.5152	+0.115%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5156	+0.141%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5157	+0.150%	$2K	$15K	10x	as long as short