Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.07 per $10,000 · paid last 24h −0.018%
Price spread now: Kraken Futures against Hibachi−0.402%50s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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 −$2 a day on $10k at the current rate, and Kraken Futures is 0.402% cheaper against Hibachi than usual: you would sell low and buy high (−$40 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5393 | 0.0296 | pay 0.0037% / 1h | 50m 26s | $17K | $82K | 7x |
| Short | Kraken Futures PF_XRPUSD | 1.5331 | 0.0244 | get 0.0030% / 1h | 50m 26s | $14.6M | $70.6M | 50x |
Hibachi XRP/USDT-P
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$11
- Price spread: −0.402% → 0.000%
- −$40.17
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$70.17
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 4 min ago | 0.32 bp | 11.1 bp −$11 | 14.0 bp −$140 | 24.9 bp −$2,493 | 53.0 bp −$26.5K |
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 | 1.5317 | −0.492% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5316 | −0.499% | $1.1M | $113K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5334 | −0.381% | $257K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0009% / S +0.0087% | 1h | 1.5334 | −0.384% | $841K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5334 | −0.381% | $9.3M | $25.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.087% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0061% | 8h | 1.5333 | −0.388% | $75K | $910K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5324 | −0.448% | $2.9M | $13.7M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5324 | −0.446% | $512K | $3.2M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5328 | −0.420% | $8K | $8K | 10x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRP
01 Exchange XRPUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5327 | −0.427% | $11K | $276K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5317 | −0.490% | $478K | $54K | 50x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5320 | −0.472% | $38.8M | $83.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5322 | −0.456% | $633K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5321 | −0.467% | $538.7M | $2.07B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5321 | −0.466% | $339.4M | $931.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5323 | −0.453% | $125.1M | $880.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5320 | −0.472% | $572K | $48K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5325 | −0.440% | $116K | $709K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5337 | −0.362% | $1.7M | $565K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5318 | −0.485% | $373.9M | $148.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5318 | −0.485% | $296.8M | $894.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5315 | −0.507% | $108.6M | $167.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5317 | −0.492% | $268.5M | $376.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5322 | −0.459% | — | $123.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5329 | −0.413% | $6.4M | $35.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5392 | −0.006% | $668K | $106.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5387 | −0.037% | $1.1M | $39.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5397 | +0.028% | $1.0M | $906K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5324 | −0.449% | $1.0M | $5.6M | 20x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5323 | −0.454% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5322 | −0.459% | $48K | $458K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5336 | −0.368% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5335 | −0.375% | $826K | $82K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5341 | −0.338% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5333 | −0.388% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5328 | −0.422% | $50.3M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5332 | −0.394% | $54.5M | $29.8M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5320 | −0.470% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5332 | −0.395% | $59K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5311 | −0.528% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5330 | −0.407% | $23.9M | $74.5M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5343 | −0.323% | $5.8M | $46.5M | 50x | as long as short |
| Kraken Futures PF_XRPUSDshort | +0.0244% | 1h | 1.5331 | −0.402% | $14.6M | $70.6M | 50x | |
| Backpack XRP_USDC_PERP | +0.0256% | 1h | 1.5330 | −0.407% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0296% | 1h | 1.5393 | long leg | $17K | $82K | 7x | |
| Kalshi KXXRPPERP | +0.0318% | 8h | 1.5346 | −0.303% | $2.0M | $35.3M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0440% | 1h | 1.5327 | −0.427% | $290.7M | $215.7M | 20x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5400 | +0.048% | $69K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0783% | 1h | 1.5364 | −0.183% | $1K | $11K | 10x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5328 | −0.418% | $506K | $755K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
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
Nado XRP-PERP
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Hyperliquid XRP
Phoenix XRP
Aftermath Perps XRPUSD
RISEx XRP/USDC