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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0232%/8h= −25.4% APRnext payment $0.29 per $10,000 · paid last 24h −0.021%
Price spread now: 01 Exchange against Hibachi−0.384%51s7-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 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and 01 Exchange is 0.384% cheaper against Hibachi than usual: you would sell low and buy high (−$38 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi XRP/USDT-P1.53170.0304pay 0.0038% / 1h3m 33s$17K$82K7x
Short01 Exchange XRPUSD1.52580.0072get 0.0009% / 1h3m 33s$8K$8K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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
−$48.72
Price spread: −0.384% → 0.000%
−$38.36
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$103.08
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample
Hibachi and 01 Exchange: 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%1h1.5249−0.442%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5260−0.368%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5310−0.044%$256K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5304−0.083%$9.3M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0019% / S +0.0071%1h1.5309−0.049%$840K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.588%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0065%8h1.5306−0.070%$58K$935K50xas long as short
01 Exchange XRPUSDshort+0.0072%1h1.5258−0.384%$8K$8K10x
Lighter XRP+0.0096%1h1.5257−0.391%$2.8M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5254−0.410%$511K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5261−0.364%$9K$282K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5252−0.420%$476K$55K50xas long as short
Nado XRP-PERP+0.0100%1h1.5252−0.421%$1.0M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5259−0.377%$38.6M$83.4M100xas long as short
Pacifica XRP+0.0100%1h1.5257−0.393%$628K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5253−0.413%$538.9M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5252−0.423%$340.5M$920.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5254−0.410%$123.3M$864.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5215−0.664%$571K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5251−0.429%$115K$717K20xas long as short
Bulk XRP-USD+0.0100%1h1.5350+0.215%$1.7M$327K20xas long as short
Gate XRP_USDT+0.0100%8h1.5243−0.481%$366.7M$152.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5239−0.508%$300.7M$917.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5257−0.389%$110.4M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5243−0.481%$267.5M$375.9M125xas long as short
BingX XRP-USDT+0.0100%8h1.5245−0.468%$124.9Mas long as short
Variational Omni XRP+0.0100%8h1.5315−0.014%$6.5M$35.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5348+0.205%$666K$106.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5328+0.072%$1.1M$37.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5318+0.008%$1.2M$998K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5319+0.015%$47K$446K20xas long as short
Bullet XRP-USD+0.0100%1h1.5313−0.022%$41K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5309−0.052%$824K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5324+0.050%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5302−0.096%$30K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5305−0.080%$50.2M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5299−0.116%$54.3M$29.6M50xas long as short
Vest XRP-PERP+0.0100%1h1.5264−0.345%$9K10xas long as short
Extended XRP-USD+0.0104%1h1.5241−0.492%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5302−0.095%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5312−0.031%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5315−0.011%$24.1M$73.8M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5308−0.057%$5.7M$46.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5299−0.114%$14.4M$70.3M50xas long as short
Hibachi XRP/USDT-Plong+0.0304%1h1.5317long leg$17K$82K7x
Backpack XRP_USDC_PERP+0.0306%1h1.5298−0.122%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0323%8h1.5319+0.015%$2.0M$34.7M2.9xas long as short
Hyperliquid XRP+0.0365%1h1.5275−0.273%$288.0M$215.4M20xas long as short
Phoenix XRP+0.0520%1h1.5330+0.087%$68K$110K15xas long as short
RISEx XRP/USDC+0.0828%1h1.5254−0.410%$539K$777K10xas long as short
Aftermath Perps XRPUSD+0.0846%1h1.5337+0.135%$2K$13K10xas long as short