Funding you earn now, next payment 00:00 UTC−0.0188%/8h= −20.6% APRpaid last 24h −0.034%
Price spread now: Paradex against Hibachi−0.113%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHibachi: Active · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.113% cheaper against Hibachi than usual: you would sell low and buy high (−$11 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 | 1.5363 | 0.0288 | pay 0.0036% / 1h | 17m 06s | $17K | $82K | 7x |
| Short | Paradex XRP-USD-PERP | 1.5346 | 0.0100 | get 0.0100% / 8h | 17m 06s | $478K | $54K | 50x |
Hibachi XRP/USDT-P
Paradex XRP-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$39.47
- Price spread: −0.113% → 0.000%
- −$11.34
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$63.82
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Paradex: live order book, 62 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 Paradex live order book, 62 min ago | 4.50 bp | 6.5 bp −$7 | 154.9 bp −$1,549 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5346 | −0.111% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5348 | −0.100% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5370 | +0.045% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5335 | −0.182% | $265K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0005% / S +0.0095% | 1h | 1.5332 | −0.204% | $843K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5351 | −0.079% | $9.4M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5354 | −0.058% | $15.0M | $69.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0059% | 8h | 1.5338 | −0.163% | $75K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.282% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5355 | −0.055% | $2.9M | $13.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
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 | 1.5358 | −0.033% | $441K | $3.2M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5338 | −0.160% | $1.1M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5338 | −0.163% | $39.0M | $81.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5354 | −0.059% | $632K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5357 | −0.042% | $546.4M | $2.05B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5357 | −0.040% | $341.8M | $925.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5355 | −0.053% | $125.1M | $879.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5356 | −0.046% | $572K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5343 | −0.131% | $116K | $757K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5373 | +0.062% | $1.7M | $571K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5357 | −0.040% | $361.4M | $148.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5357 | −0.040% | $298.7M | $889.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5359 | −0.029% | $110.1M | $165.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5360 | −0.020% | $268.3M | $376.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5359 | −0.027% | — | $121.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5364 | +0.009% | $11.5M | $30.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5365 | +0.010% | $668K | $105.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5363 | −0.002% | $1.1M | $40.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5371 | +0.051% | $1.0M | $901K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5344 | −0.125% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5338 | −0.163% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5335 | −0.183% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5341 | −0.144% | $826K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5342 | −0.137% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5354 | −0.059% | $31K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5339 | −0.158% | $50.4M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5357 | −0.040% | $54.7M | $29.4M | 50x | as long as short |
| Paradex XRP-USD-PERPshort | +0.0100% | 8h | 1.5346 | −0.113% | $478K | $54K | 50x | |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5338 | −0.163% | $10K | $270K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5337 | −0.172% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5340 | −0.152% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5339 | −0.157% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5334 | −0.189% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5359 | −0.027% | $24.2M | $74.8M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5357 | −0.040% | $5.8M | $47.0M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0257% | 1h | 1.5362 | −0.007% | $1.7M | $1.0M | 25x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0288% | 1h | 1.5363 | long leg | $17K | $82K | 7x | |
| Kalshi KXXRPPERP | +0.0310% | 8h | 1.5355 | −0.053% | $2.0M | $34.5M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0583% | 1h | 1.5373 | +0.064% | $292.7M | $214.2M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5349 | −0.095% | $499K | $638K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0789% | 1h | 1.5370 | +0.044% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-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
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD