XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0295%/8h= +32.3% APRnext payment +$0.37 per $10,000 · paid last 24h +0.054%

Price spread now: Hibachi against Injective−2.889%53s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Hibachi

What this pair did over the last

the charts below follow

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 airdropHibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 2.889% cheaper against Injective than usual: you would sell low and buy high (spread −2.889% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$289 on $10k: about 33 days of funding at the current rate (+$9 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	57m 57s	$2K	$107K	30x
Short	Hibachi XRP/USDT-P	1.5110	0.0328	get 0.0041% / 1h	57m 57s	$17K	$81K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Injective. 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

Position, each leg$Hold fordaysFee InjectivebpFee HibachibpOrdersPrice spread, now −2.889%Rate

Funding earned: $61.88
Price spread: −2.889% → 0.000%: −$288.95
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$236.09
Costs to cover: 0.090%
Break-even: 33.7 days

Slippage unknown: Injective: 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 Injective live order book, 6 min ago	46.21 bp	46.2 bp −$46	59.4 bp −$594	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 50 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
Hotstuff XRP-PERP	−0.0080%	1h	1.5118	−2.841%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5116	−2.854%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	−2.699%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5103	−2.937%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0025% / S +0.0052%	1h	1.5102	−2.943%	$798K	—	200x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Orderly PERP_XRP_USDC	+0.0074%	8h	1.5108	−2.905%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5114	−2.866%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5109	−2.897%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5110	−2.892%	$508K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5107	−2.911%	$9K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5105	−2.921%	$965K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5102	−2.947%	$279.1M	$220.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5092	−3.009%	$38.2M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5114	−2.866%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5087	−3.039%	$534.6M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5088	−3.033%	$340.6M	$924.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5090	−3.021%	$124.4M	$861.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5118	−2.841%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5114	−2.866%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5144	−2.674%	$1.6M	$214K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5087	−3.040%	$367.0M	$149.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5092	−3.008%	$292.0M	$889.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5085	−3.054%	$106.3M	$170.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5084	−3.059%	$266.1M	$379.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5086	−3.046%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5125	−2.797%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5125	−2.794%	$657K	$109.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5132	−2.752%	$1.1M	$36.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5131	−2.757%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5113	−2.872%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5115	−2.860%	$41K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5107	−2.909%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5110	−2.890%	$813K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5118	−2.841%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5108	−2.905%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5106	−2.918%	$49.5M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5103	−2.937%	$53.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5117	−2.848%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5085	−3.053%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5107	−2.915%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5110	−2.892%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5106	−2.916%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5109	−2.898%	$5.7M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0224%	1h	1.5108	−2.905%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5104	−2.930%	$14.5M	$72.8M	50x	as long as short
Hibachi XRP/USDT-Pshort	+0.0328%	1h	1.5110	−2.889%	$17K	$81K	7x
Kalshi KXXRPPERP	+0.0356%	8h	1.5123	−2.808%	$2.1M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5117	−2.844%	$526K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0755%	1h	1.5126	−2.787%	$2K	$14K	10x	as long as short