Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC−0.0016%/8h= −1.8% APRnext payment $0.02 per $10,000 · paid last 24h −0.039%
Price spread now: Extended against Hibachi−0.114%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.194%−$19 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · Extended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Extended is 0.114% cheaper against Hibachi than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi XRP/USDT-P1.53730.0120pay 0.0015% / 1h54m 32s$17K$76K7x
ShortExtended XRP-USD1.53550.0104get 0.0013% / 1h54m 32s$2.2M$6.2M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
−$3.36
Price spread: −0.114% → 0.000%
−$11.38
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$28.74
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Extended: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell Extended live order book, 2 min ago0.32 bp3.3 bp −$35.8 bp −$58doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5403+0.196%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0062%1h1.5368−0.034%$14.1M$71.6M50xas long as short
dYdX XRP-USD0.0000%1h1.5367−0.039%$1.1M$155K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5370−0.019%$7.9M$21.5M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5383+0.064%$246K150xas long as short
01 Exchange XRPUSD+0.0016%1h1.5360−0.084%$9K$98710xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.217%$2K$107K30xas long as short
SoDEX XRP-USD+0.0060%1h1.5368−0.032%$30K$1.5M10xas long as short
Lighter XRP+0.0096%1h1.5364−0.060%$2.8M$14.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5370−0.019%$601K$3.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Paradex XRP-USD-PERP+0.0099%8h1.5367−0.038%$479K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5359−0.091%$9K$400K20xas long as short
Nado XRP-PERP+0.0100%1h1.5359−0.087%$1.0M$5.9M20xas long as short
Hyperliquid XRP+0.0100%1h1.5371−0.013%$299.6M$266.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5360−0.084%$39.3M$81.7M100xas long as short
Pacifica XRP+0.0100%1h1.5367−0.039%$594K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5358−0.098%$535.7M$2.09B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5360−0.084%$364.1M$890.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5357−0.104%$124.9M$839.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5365−0.052%$565K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5366−0.045%$165K$684K20xas long as short
Bulk XRP-USD+0.0100%1h1.5379+0.040%$1.6M$25K20xas long as short
Gate XRP_USDT+0.0100%8h1.5364−0.058%$383.6M$155.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5364−0.058%$316.9M$886.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5365−0.050%$106.8M$181.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5359−0.091%$272.5M$357.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5363−0.065%$103.5Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5377+0.027%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5375+0.011%$5.0M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5375+0.015%$668K$109.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5385+0.081%$1.1M$30.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5406+0.215%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5364−0.059%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5360−0.084%$53K$475K20xas long as short
Bullet XRP-USD+0.0100%1h1.5353−0.127%$42K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5370−0.019%$84K$613K50xas long as short
SunX XRP-USDT+0.0100%8h1.5370−0.018%$129K$1.5M30xas long as short
HTX XRP-USDT+0.0100%8h1.5362−0.069%$50.1M$14.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5367−0.039%$54.8M$33.3M50xas long as short
Extended XRP-USDshort+0.0104%1h1.5355−0.114%$2.2M$6.2M50x
Aevo XRP-PERP+0.0104%1h1.5362−0.069%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5371−0.013%$5.5M$44.7M50xas long as short
Hibachi XRP/USDT-Plong+0.0120%1h1.5373long leg$17K$76K7x
Kalshi KXXRPPERP+0.0141%8h1.5373+0.001%$1.9M$34.9M2.9xas long as short
GMX XRP/USD [ETH-USDC]L +0.0200% / S −0.0534%1h1.5365−0.054%$807K200xas long as short
BloFin XRP-USDT+0.0220%8h1.5361−0.078%$23.9M$78.6M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5355−0.117%$1.4M$1K15xas long as short
RISEx XRP/USDC+0.0239%1h1.5366−0.047%$514K$739K10xas long as short
Aftermath Perps XRPUSD+0.0429%1h1.5392+0.122%$3K$14K10xas long as short
Phoenix XRP+0.0516%1h1.5390+0.111%$69K$108K15xas long as short