Funding you earn now, next payment 21:00 UTC−0.0216%/8h= −23.7% APRnext payment −$0.27 per $10,000 · paid last 24h −0.029%
Price spread now: Hibachi against Hyperliquid−0.353%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Hibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Hibachi is 0.353% cheaper against Hyperliquid than usual: you would sell low and buy high (−$35 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 | Hyperliquid XRP | 1.5219 | 0.0488 | pay 0.0061% / 1h | 22m 24s | $284.2M | $167.8M | 20x |
| Short | Hibachi XRP/USDT-P | 1.5165 | 0.0272 | get 0.0034% / 1h | 22m 24s | $19K | $45K | 7x |
Hyperliquid XRP
Hibachi XRP/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Hyperliquid. 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
- −$45.37
- Price spread: −0.353% → 0.000%
- −$35.3
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$98.67
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 6 min ago; 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Hyperliquid live order book, 6 min ago | 0.33 bp | 5.3 bp −$5 | 6.8 bp −$68 | doesn't fit | doesn't fit |
| Sell Hibachi no order-book sample | — | — | — | — | — |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0207% / S +0.0293% | 1h | 1.5221 | +0.010% | $1.6M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5194 | −0.164% | $7K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0013% | 1h | 1.5170 | −0.324% | $15.0M | $61.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5198 | −0.138% | $1.1M | $104K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5190 | −0.191% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5174 | −0.296% | $9.0M | $23.0M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5220 | +0.007% | $255K | — | 150x | as long as short |
| Orderly PERP_XRP_USDC | +0.0045% | 8h | 1.5164 | −0.361% | $180K | $781K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0050% | 1h | 1.5090 | −0.848% | $2K | $51K | 30x | as long as short |
| Vest XRP-PERP | +0.0079% | 1h | 1.5191 | −0.182% | — | $9K | 10x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
Vest XRP-PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRP | +0.0096% | 1h | 1.5198 | −0.139% | $2.9M | $10.9M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5202 | −0.112% | $565K | $2.4M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5196 | −0.151% | $12K | $235K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5187 | −0.214% | $1.1M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5192 | −0.175% | $38.7M | $70.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5202 | −0.112% | $678K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5221 | +0.011% | $543.5M | $1.80B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5224 | +0.033% | $343.5M | $807.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5199 | −0.131% | $124.2M | $813.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5144 | −0.493% | $565K | $45K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5194 | −0.164% | $115K | $627K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5189 | −0.197% | $353.5M | $128.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5211 | −0.053% | $312.1M | $781.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5212 | −0.043% | $112.5M | $142.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5201 | −0.118% | $263.7M | $329.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5218 | −0.007% | — | $3.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5206 | −0.087% | $6.7M | $23.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5173 | −0.304% | $659K | $92.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5161 | −0.384% | $1.1M | $41.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5167 | −0.342% | $1.0M | $789K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5204 | −0.099% | $52K | $464K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5220 | +0.004% | $42K | $61K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5167 | −0.340% | $817K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5168 | −0.334% | $127K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5170 | −0.322% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5157 | −0.405% | $49.9M | $14.0M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5173 | −0.302% | $54.3M | $27.6M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5187 | −0.210% | $1.6M | $258K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5198 | −0.141% | $474K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5186 | −0.217% | $2.1M | $7.3M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5169 | −0.331% | $73K | $37K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5188 | −0.204% | $8K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5179 | −0.263% | $5.3M | $41.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0199% | 1h | 1.5191 | −0.184% | $1.7M | $901K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0207% | 8h | 1.5181 | −0.250% | $1.7M | $31.8M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5205 | −0.094% | $1.3M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5161 | −0.381% | $23.5M | $63.9M | 125x | as long as short |
| Hibachi XRP/USDT-Pshort | +0.0272% | 1h | 1.5165 | −0.353% | $19K | $45K | 7x | |
| RISEx XRP/USDC | +0.0330% | 1h | 1.5195 | −0.156% | $402K | $503K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0488% | 1h | 1.5219 | long leg | $284.2M | $167.8M | 20x | |
| Aftermath Perps XRPUSD | +0.0504% | 1h | 1.5191 | −0.182% | $1K | $10K | 10x | as long as short |
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD