Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0144%/8h= +15.8% APRnext payment +$0.18 per $10,000 · paid last 24h 0.000%
Price spread now: Reya against Hibachi−0.095%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · Reya: Active · farm boardneeds both histories
Funding pays, the price is against you. Reya is 0.095% cheaper against Hibachi than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.2 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi XRP/USDT-P1.52940.0080pay 0.0010% / 1h46m 32s$17K$68K7x
ShortReya XRPRUSDPERP1.52800.0224get 0.0028% / 1h46m 32s$1.4M$1K15x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Reya 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

Funding earned
$30.23
Price spread: −0.095% → 0.000%
−$9.52
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Reya: 3 bp × 2 orders
−$6
Net
$5.71
Costs to cover
0.150%
Break-even
5.7 days
Slippage unknown: Hibachi: no order-book sample; Reya: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell Reya no order-book sample
Hibachi and Reya: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5360+0.429%$5K$2K20xas long as short
Kraken Futures PF_XRPUSD−0.0077%1h1.5283−0.071%$13.7M$68.5M50xas long as short
dYdX XRP-USD0.0000%1h1.5295+0.004%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5270−0.159%$68K$102K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5292−0.015%$7.6M$19.9M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5267−0.179%$242K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.737%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0064%1h1.5301+0.044%$9K$98710xas long as short
Hibachi XRP/USDT-Plong+0.0080%1h1.5294long leg$17K$68K7x
Lighter XRP+0.0096%1h1.5291−0.022%$2.7M$13.5M20xas long as short
Show all 51 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5297+0.017%$573K$3.1M20xas long as short
Coinbase International XRP-PERP-INTX+0.0096%1h1.5284−0.068%$5.5M$41.5M50xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5297+0.016%$477K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5284−0.068%$10K$412K20xas long as short
Nado XRP-PERP+0.0100%1h1.5287−0.045%$848K$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5301+0.044%$297.3M$261.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5296+0.014%$38.9M$79.5M100xas long as short
Pacifica XRP+0.0100%1h1.5296+0.010%$590K$978K20xas long as short
Binance XRPUSDT+0.0100%8h1.5293−0.006%$532.1M$2.02B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5291−0.022%$361.2M$853.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5289−0.035%$123.8M$817.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5259−0.231%$561K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5301+0.044%$161K$692K20xas long as short
Bulk XRP-USD+0.0100%1h1.5312+0.112%$1.6M$66K20xas long as short
Gate XRP_USDT+0.0100%8h1.5297+0.017%$375.9M$156.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5275−0.126%$316.6M$878.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5290−0.030%$104.1M$180.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5285−0.061%$269.6M$346.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5267−0.179%$94.9Mas long as short
Variational Omni XRP+0.0100%8h1.5256−0.248%$4.9M$37.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5240−0.353%$662K$105.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5265−0.192%$1.1M$32.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5262−0.211%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5291−0.019%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5291−0.022%$50K$471K20xas long as short
Bullet XRP-USD+0.0100%1h1.5276−0.120%$41K$64K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5286−0.055%$83K$602K50xas long as short
Derive XRP-PERP+0.0100%1h1.5289−0.032%$822K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5292−0.013%$128K$1.4M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5284−0.068%$30K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5285−0.061%$49.8M$13.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5289−0.035%$54.6M$33.2M50xas long as short
Extended XRP-USD+0.0104%1h1.5290−0.030%$2.2M$5.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5280−0.090%$59K$25K3xas long as short
Kalshi KXXRPPERP+0.0109%8h1.5286−0.055%$1.9M$35.7M2.9xas long as short
Backpack XRP_USDC_PERP+0.0155%1h1.5291−0.022%$2.0M$1.2M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5288−0.041%$23.8M$77.3M125xas long as short
Reya XRPRUSDPERPshort+0.0224%1h1.5280−0.095%$1.4M$1K15x
GMX XRP/USD [ETH-USDC]L +0.0261% / S −0.0522%1h1.5275−0.124%$880K200xas long as short
RISEx XRP/USDC+0.0300%1h1.5303+0.053%$506K$723K10xas long as short
Aftermath Perps XRPUSD+0.0391%1h1.5284−0.069%$3K$13K10xas long as short