XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.045%

Price spread now: Hyperliquid against Hibachi+0.297%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 Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHibachi: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hyperliquid is 0.297% dearer against Hibachi than usual: you sell high and buy low: +$30 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 −0.108%, 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	1.5173	0.0080	pay 0.0010% / 1h	56m 51s	$17K	$78K	7x
Short	Hyperliquid XRP	1.5218	0.0198	get 0.0025% / 1h	56m 51s	$290.6M	$268.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.297%Rate

Funding earned: $24.75
Price spread: +0.297% → 0.000%: $29.67
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $36.42
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: Hibachi: no order-book sample; Hyperliquid: live order book, 7 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 Hyperliquid live order book, 7 min ago	0.33 bp	4.8 bp −$5	5.3 bp −$53	9.5 bp −$950	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 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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5200	+0.178%	$14.7M	$73.7M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5188	+0.099%	$5K	$3K	20x	as long as short
Phemex XRPUSDT	−0.0029%	8h	1.5200	+0.178%	$54.1M	$32.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5186	+0.088%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	+0.185%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5205	+0.211%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.551%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-Plong	+0.0080%	1h	1.5173	long leg	$17K	$78K	7x
Lighter XRP	+0.0096%	1h	1.5204	+0.204%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5205	+0.211%	$606K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5196	+0.152%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5187	+0.089%	$995K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5203	+0.199%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	+0.131%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5210	+0.244%	$531.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5206	+0.218%	$353.0M	$949.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5206	+0.218%	$127.4M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.013%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5207	+0.224%	$144K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.109%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5206	+0.218%	$378.6M	$151.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5210	+0.244%	$312.1M	$910.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5206	+0.214%	$106.5M	$183.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5209	+0.237%	$269.8M	$389.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5209	+0.237%	—	$108.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.036%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5175	+0.017%	$659K	$112.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	+0.104%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5173	0.000%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5200	+0.177%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	+0.204%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5205	+0.214%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5203	+0.198%	$78K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	+0.221%	$818K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5198	+0.168%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5200	+0.178%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	+0.191%	$49.6M	$15.3M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5203	+0.199%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5206	+0.215%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5200	+0.178%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0112% / S −0.0075%	1h	1.5203	+0.195%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5206	+0.218%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5207	+0.224%	$5.6M	$48.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5202	+0.191%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRPshort	+0.0198%	1h	1.5218	+0.297%	$290.6M	$268.3M	20x
BloFin XRP-USDT	+0.0220%	8h	1.5204	+0.204%	$23.7M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5197	+0.156%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0286%	1h	1.5218	+0.297%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5209	+0.239%	$522K	$795K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.046%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0568%	1h	1.5187	+0.096%	$2K	$16K	10x	as long as short