Funding you earn now, next payment 03:00 UTC−0.0237%/8h= −25.9% APRnext payment −$0.30 per $10,000 · paid last 24h −0.137%
Price spread now: GMX against Hibachi−0.122%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.122% 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 | 1.5175 | 0.0200 | pay 0.0025% / 1h | 5m 28s | $17K | $82K | 7x |
| Short | GMX XRP/USD [ETH-USDC] | 1.5156 | L +0.0031% / S +0.0037% | pay 0.0005% / 1h | 5m 28s | $832K | — | 200x |
Hibachi XRP/USDT-P
GMX XRP/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$49.69
- Price spread: −0.122% → 0.000%
- −$12.21
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$82.91
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; GMX: no order-book sample. 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 GMX no order-book sample | — | — | — | — | — |
Hibachi and GMX: 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 | 1.5156 | −0.124% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5145 | −0.194% | $1.1M | $110K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5157 | −0.118% | $7.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5156 | −0.124% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0031% / S +0.0037% | 1h | 1.5156 | −0.122% | $832K | — | 200x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.538% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0056% | 1h | 1.5162 | −0.085% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0077% | 8h | 1.5154 | −0.137% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5150 | −0.164% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5153 | −0.144% | $510K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5159 | −0.104% | $10K | $311K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5159 | −0.101% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5163 | −0.078% | $281.6M | $223.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5157 | −0.118% | $38.3M | $83.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5152 | −0.151% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5160 | −0.096% | $535.3M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5161 | −0.091% | $345.6M | $930.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5162 | −0.085% | $125.6M | $872.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5169 | −0.039% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5160 | −0.098% | $114K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | +0.317% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5157 | −0.118% | $368.2M | $154.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5152 | −0.151% | $297.0M | $904.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5153 | −0.142% | $108.5M | $172.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5159 | −0.104% | $269.0M | $381.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5159 | −0.104% | — | $126.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5154 | −0.140% | $5.9M | $36.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5173 | −0.014% | $659K | $107.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5183 | +0.054% | $1.1M | $35.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5189 | +0.093% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5160 | −0.099% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5161 | −0.091% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5159 | −0.102% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5155 | −0.129% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5168 | −0.045% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5156 | −0.124% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5161 | −0.090% | $49.6M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5161 | −0.091% | $53.9M | $30.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5152 | −0.150% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5152 | −0.151% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5154 | −0.140% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0178% | 1h | 1.5166 | −0.058% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0200% | 1h | 1.5175 | long leg | $17K | $82K | 7x | |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5158 | −0.111% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5159 | −0.104% | $5.6M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5179 | +0.027% | $24.2M | $75.6M | 125x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5159 | −0.105% | $14.3M | $73.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0339% | 8h | 1.5171 | −0.025% | $2.1M | $34.6M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5165 | −0.064% | $516K | $780K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.100% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0654% | 1h | 1.5193 | +0.121% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD