Funding you earn now, next payment 06:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.053%
Price spread now: Orderly against Hibachi−0.208%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.313%−$31 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Orderly is 0.208% cheaper against Hibachi than usual: you would sell low and buy high (−$21 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 | 1.4967 | 0.0208 | pay 0.0026% / 1h | 27m 30s | $17K | $82K | 7x |
| Short | Orderly PERP_XRP_USDC | 1.4936 | 0.0100 | get 0.0100% / 8h | 2h 27m | $61K | $934K | 50x |
Hibachi XRP/USDT-P
Orderly PERP_XRP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- −$22.68
- Price spread: −0.208% → 0.000%
- −$20.83
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$58.51
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Orderly: 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 Orderly no order-book sample | — | — | — | — | — |
Hibachi and Orderly: 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 | 1.4958 | −0.061% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.4968 | +0.008% | $14.1M | $75.3M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.4966 | −0.005% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5010 | +0.286% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.4969 | +0.012% | $7.6M | $25.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.4937 | −0.203% | $244K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.961% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0070% / S −0.0013% | 1h | 1.4961 | −0.042% | $784K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.4960 | −0.048% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.4963 | −0.025% | $2.8M | $15.0M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.4965 | −0.015% | $542K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.4940 | −0.182% | $11K | $363K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.4948 | −0.125% | $940K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.4957 | −0.068% | $284.8M | $261.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.4937 | −0.204% | $38.0M | $87.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.4965 | −0.012% | $598K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.4940 | −0.182% | $522.9M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.4937 | −0.202% | $339.1M | $968.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.4937 | −0.202% | $123.5M | $887.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.4954 | −0.088% | $559K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.4961 | −0.041% | $143K | $729K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5027 | +0.399% | $1.6M | $4K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.4940 | −0.182% | $365.6M | $158.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.4942 | −0.168% | $278.3M | $917.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.4946 | −0.145% | $104.4M | $180.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.4937 | −0.202% | $262.2M | $399.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.4937 | −0.202% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5004 | +0.247% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5011 | +0.296% | $652K | $112.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5001 | +0.224% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5018 | +0.340% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.4957 | −0.071% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.4947 | −0.135% | $51K | $492K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.4939 | −0.188% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDCshort | +0.0100% | 8h | 1.4936 | −0.208% | $61K | $934K | 50x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.4965 | −0.017% | $805K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.4974 | +0.048% | $125K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.4969 | +0.012% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.4971 | +0.025% | $48.9M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.4975 | +0.052% | $53.4M | $32.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.4966 | −0.011% | $467K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.4951 | −0.106% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.4967 | −0.001% | $57K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0137% | 8h | 1.4990 | +0.152% | $1.6M | $35.9M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0159% | 1h | 1.4983 | +0.106% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.4974 | +0.046% | $5.5M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0208% | 1h | 1.4967 | long leg | $17K | $82K | 7x | |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.4936 | −0.208% | $1.3M | $6K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5011 | +0.293% | $23.3M | $76.0M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.4954 | −0.085% | $510K | $781K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0633% | 1h | 1.5011 | +0.294% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
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-USDC
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
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD