XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0120%/8h= −13.1% APRnext payment −$0.15 per $10,000 · paid last 24h −0.060%

Price spread now: Deribit against Hibachi−0.123%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 Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and Deribit is 0.123% cheaper against Hibachi than usual: you would sell low and buy high (−$12 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	1.5359	0.0120	pay 0.0015% / 1h	51m 44s	$17K	$76K	7x
Short	Deribit XRP_USDC-PERPETUAL	1.5340	0	get 0.0000% / 1h	51m 44s	$7.8M	$21.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.123%Rate

Funding earned: −$25.2
Price spread: −0.123% → 0.000%: −$12.32
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$53.52
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Deribit: live order book, just now. 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 Deribit live order book, just now	0.33 bp	5.4 bp −$5	7.7 bp −$77	289.9 bp −$29.0K	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 50 exchanges

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	1.5403	+0.287%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5345	−0.093%	$14.1M	$71.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5343	−0.102%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5360	+0.007%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUALshort	0.0000%	1h	1.5340	−0.123%	$7.8M	$21.5M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5357	−0.014%	$246K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5335	−0.156%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.309%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0048%	1h	1.5345	−0.091%	$29K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5326	−0.214%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5332	−0.175%	$598K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5332	−0.173%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5335	−0.156%	$10K	$402K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5332	−0.178%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5338	−0.136%	$299.0M	$266.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5328	−0.201%	$39.3M	$81.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5331	−0.185%	$593K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5329	−0.195%	$534.7M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5335	−0.156%	$361.9M	$890.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5333	−0.169%	$124.7M	$837.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5365	+0.040%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5343	−0.104%	$165K	$681K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.131%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5334	−0.162%	$382.6M	$155.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5334	−0.162%	$312.2M	$888.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5327	−0.210%	$106.6M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5335	−0.156%	$272.0M	$357.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5331	−0.182%	—	$4.2M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5356	−0.019%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5375	+0.102%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5375	+0.106%	$668K	$109.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5368	+0.059%	$1.1M	$30.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5372	+0.085%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5342	−0.107%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5335	−0.156%	$52K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	−0.152%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5335	−0.156%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5339	−0.128%	$129K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5341	−0.116%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5346	−0.084%	$54.7M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5329	−0.192%	$2.2M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5332	−0.172%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5343	−0.104%	$5.5M	$44.4M	50x	as long as short
Hibachi XRP/USDT-Plong	+0.0120%	1h	1.5359	long leg	$17K	$76K	7x
Kalshi KXXRPPERP	+0.0139%	8h	1.5341	−0.117%	$1.9M	$35.0M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0203% / S −0.0551%	1h	1.5345	−0.092%	$805K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5358	−0.006%	$23.9M	$78.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5332	−0.175%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5341	−0.114%	$515K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0430%	1h	1.5375	+0.102%	$3K	$13K	10x	as long as short