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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0148%/8h= −16.2% APRnext payment $0.19 per $10,000 · paid last 24h −0.041%
Price spread now: Vest against Hibachi−0.053%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 3 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 · Vest: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Vest is 0.053% cheaper against Hibachi than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi XRP/USDT-P1.52140.0248pay 0.0031% / 1h45m 36s$17K$82K7x
ShortVest XRP-PERP1.52060.0100get 0.0013% / 1h45m 36s$11K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Vest 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
−$31.08
Price spread: −0.053% → 0.000%
−$5.27
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Vest: 1 bp × 2 orders
−$2
Net
−$47.35
Costs to cover
0.110%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Vest: 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 Vest no order-book sample
Hibachi and Vest: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5206−0.051%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5203−0.072%$1.1M$111K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5201−0.084%$262K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0013%1h1.5205−0.058%$7.8M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0021%1h1.5199−0.096%$14.4M$74.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.276%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0051% / S +0.0015%1h1.5201−0.085%$780K200xas long as short
Lighter XRP+0.0096%1h1.5200−0.092%$2.9M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5201−0.084%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5197−0.110%$12K$343K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_XRP_USDC+0.0099%8h1.5203−0.071%$62K$934K50xas long as short
Nado XRP-PERP+0.0100%1h1.5206−0.048%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5203−0.068%$38.5M$84.6M100xas long as short
Pacifica XRP+0.0100%1h1.5199−0.097%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5196−0.116%$534.3M$2.14B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5198−0.104%$346.7M$941.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5200−0.090%$127.3M$886.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5193−0.136%$566K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5202−0.077%$118K$702K20xas long as short
Bulk XRP-USD+0.0100%1h1.5181−0.215%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5204−0.064%$371.6M$153.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5197−0.110%$293.3M$899.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5199−0.098%$108.9M$176.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5198−0.104%$269.1M$388.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5198−0.104%$127.4Mas long as short
Variational Omni XRP+0.0100%8h1.5202−0.078%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5208−0.038%$660K$109.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5208−0.037%$1.1M$36.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5214+0.002%$1.2M$1.1M50xas long as short
Vest XRP-PERPshort+0.0100%1h1.5206−0.053%$11K10x
Polymarket Perps XRP-USD+0.0100%1h1.5207−0.044%$45K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5203−0.071%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5205−0.061%$818K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5201−0.082%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5203−0.071%$28K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5202−0.075%$49.7M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5202−0.077%$54.2M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5198−0.101%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5194−0.128%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5202−0.076%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0160%1h1.5204−0.064%$9K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5207−0.044%$5.6M$47.6M50xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5201−0.082%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5212−0.012%$24.1M$76.0M125xas long as short
Hibachi XRP/USDT-Plong+0.0248%1h1.5214long leg$17K$82K7x
Kalshi KXXRPPERP+0.0277%8h1.5212−0.012%$2.0M$35.1M2.9xas long as short
Hyperliquid XRP+0.0300%1h1.5213−0.005%$292.7M$234.6M20xas long as short
Backpack XRP_USDC_PERP+0.0303%1h1.5209−0.031%$2.0M$1.4M25xas long as short
RISEx XRP/USDC+0.0358%1h1.5203−0.069%$518K$773K10xas long as short
Phoenix XRP+0.0528%1h1.5220+0.041%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0650%1h1.5212−0.009%$2K$15K10xas long as short