Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0180%/8h= −19.7% APRpaid last 24h −0.041%

Price spread now: Gate against Hibachi+0.024%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 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

The price spread pays, funding is against you. Gate is 0.024% dearer against Hibachi than usual: you sell high and buy low (spread +0.024% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5228	0.0280	pay 0.0035% / 1h	29m 42s	$17K	$82K	7x
Short	Gate XRP_USDT	1.5232	0.0100	get 0.0100% / 8h	3h 29m	$370.6M	$154.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.024%Rate

Funding earned: −$37.8
Price spread: +0.024% → 0.000%: $2.44
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.36
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Gate: 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 Gate live order book, 4 min ago	0.33 bp	8.6 bp −$9	13.0 bp −$130	26.9 bp −$2,690	36.9 bp −$18.5K

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	1.5251	+0.149%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	−0.012%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5236	+0.049%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5246	+0.116%	$7.8M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5239	+0.069%	$14.5M	$74.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.178%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0010%	1h	1.5236	+0.049%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5240	+0.075%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5239	+0.070%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5234	+0.038%	$10K	$347K	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	1.5227	−0.008%	$996K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5233	+0.034%	$38.6M	$85.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5238	+0.061%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5235	+0.041%	$536.7M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5233	+0.031%	$348.1M	$943.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5230	+0.011%	$127.3M	$889.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	−0.107%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5235	+0.044%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	−0.107%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5232	+0.024%	$370.6M	$154.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5236	+0.051%	$295.4M	$903.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5237	+0.059%	$109.4M	$177.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5228	−0.002%	$270.1M	$389.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5232	+0.024%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5245	+0.109%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5206	−0.149%	$660K	$109.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5216	−0.082%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	−0.133%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5235	+0.046%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5240	+0.077%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5236	+0.053%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5239	+0.070%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5243	+0.097%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5247	+0.124%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5238	+0.064%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5238	+0.062%	$49.8M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5236	+0.051%	$54.3M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5227	−0.010%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5230	+0.011%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5239	+0.069%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5236	+0.051%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5245	+0.110%	$5.7M	$47.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5236	+0.050%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5232	+0.024%	$24.2M	$76.3M	125x	as long as short
Hibachi XRP/USDT-Plong	+0.0280%	1h	1.5228	long leg	$17K	$82K	7x
Backpack XRP_USDC_PERP	+0.0289%	1h	1.5245	+0.110%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5247	+0.123%	$2.0M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5233	+0.030%	$519K	$776K	10x	as long as short
Hyperliquid XRP	+0.0389%	1h	1.5250	+0.143%	$301.8M	$245.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5240	+0.077%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0681%	1h	1.5226	−0.018%	$2K	$15K	10x	as long as short