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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.088%
Price spread now: Hibachi against Hotstuff−0.009%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 airdropHotstuff: Active · Hibachi: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHotstuff XRP-PERP1.5561−0.0080get 0.0010% / 1h18m 08s$7K$2K20x
ShortHibachi XRP/USDT-P1.55600.0208get 0.0026% / 1h18m 08s$18K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Hotstuff. 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
$60.48
Price spread: −0.009% → 0.000%
−$0.95
Slippage, 4 orders
no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$45.53
Costs to cover
0.140%
Break-even
1.7 days
Slippage unknown: Hotstuff: no order-book sample; Hibachi: 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 Hotstuff no order-book sample
Sell Hibachi no order-book sample
Hotstuff and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERPlong−0.0080%1h1.5561long leg$7K$2K20x
GMX XRP/USD [ETH-USDC]L −0.0003% / S +0.0117%1h1.5557−0.023%$851K200xas long as short
dYdX XRP-USD0.0000%1h1.5562+0.006%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5558−0.019%$260K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0007%1h1.5563+0.013%$9.6M$25.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560−0.006%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0041%1h1.5559−0.010%$15.5M$68.5M50xas long as short
Orderly PERP_XRP_USDC+0.0054%8h1.5559−0.013%$78K$949K50xas long as short
Lighter XRP+0.0096%1h1.5561+0.002%$3.0M$12.4M20xas long as short
Lighter RH XRP+0.0096%1h1.55610.000%$441K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5552−0.055%$1.1M$5.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5560−0.006%$39.5M$78.5M100xas long as short
Pacifica XRP+0.0100%1h1.5565+0.024%$641K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.55610.000%$559.9M$1.98B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5566+0.032%$346.6M$899.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5566+0.032%$127.5M$882.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5554−0.045%$580K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5563+0.013%$119K$743K20xas long as short
Bulk XRP-USD+0.0100%1h1.5567+0.036%$1.7M$578K20xas long as short
Gate XRP_USDT+0.0100%8h1.5555−0.039%$374.1M$140.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5562+0.006%$296.4M$858.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5561+0.002%$113.9M$159.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5552−0.058%$271.8M$363.8M125xas long as short
BingX XRP-USDT+0.0100%8h1.5556−0.032%$118.6Mas long as short
Variational Omni XRP+0.0100%8h1.5549−0.080%$11.8M$30.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5567+0.037%$676K$102.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5574+0.082%$1.1M$41.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5555−0.039%$1.0M$883K50xas long as short
Vest XRP-PERP+0.0100%1h1.5553−0.052%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.55610.000%$47K$447K20xas long as short
Bullet XRP-USD+0.0100%1h1.5558−0.021%$42K$66K20xas long as short
Derive XRP-PERP+0.0100%1h1.5561+0.002%$838K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5566+0.030%$131K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5560−0.006%$32K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5558−0.016%$51.1M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5558−0.019%$55.4M$29.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5560−0.006%$485K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5556−0.032%$11K$261K20xas long as short
Extended XRP-USD+0.0104%1h1.5555−0.036%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5558−0.016%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0176%1h1.5555−0.039%$8K$8K10xas long as short
Hibachi XRP/USDT-Pshort+0.0208%1h1.5560−0.009%$18K$82K7x
Reya XRPRUSDPERP+0.0212%1h1.5553−0.054%$1.4M$9K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5562+0.006%$5.8M$47.3M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5549−0.077%$24.5M$73.8M125xas long as short
Backpack XRP_USDC_PERP+0.0293%1h1.5563+0.013%$1.8M$1.0M25xas long as short
Kalshi KXXRPPERP+0.0324%8h1.5564+0.019%$1.9M$32.9M2.9xas long as short
Phoenix XRP+0.0516%1h1.5560−0.006%$69K$90K15xas long as short
RISEx XRP/USDC+0.0527%1h1.5568+0.047%$510K$630K10xas long as short
Hyperliquid XRP+0.0595%1h1.5571+0.064%$290.3M$203.7M20xas long as short
Aftermath Perps XRPUSD+0.0764%1h1.5563+0.012%$1K$11K10xas long as short