Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0012%/8h= −1.3% APRpaid last 24h +0.044%

Price spread now: Hibachi against KuCoin−0.075%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.303%+$30 on $10k

Price spread, last 7 days—no 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 $0 a day on $10k at the current rate, and Hibachi is 0.075% cheaper against KuCoin than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.303%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5185	0.0100	pay 0.0100% / 8h	5m 06s	$106.8M	$183.1M	75x
Short	Hibachi XRP/USDT-P	1.5174	0.0088	get 0.0011% / 1h	5m 06s	$17K	$78K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against KuCoin. 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 KuCoinbpFee HibachibpOrdersPrice spread, now −0.075%Rate

Funding earned: −$2.52
Price spread: −0.075% → 0.000%: −$7.45
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$30.97
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	0.03 bp	9.7 bp −$10	12.2 bp −$122	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5180	−0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5178	−0.044%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5186	+0.004%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5192	+0.046%	$7.7M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.470%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5185	0.000%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-Pshort	+0.0088%	1h	1.5174	−0.075%	$17K	$78K	7x
Lighter XRP	+0.0096%	1h	1.5186	+0.004%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5190	+0.033%	$605K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5185	0.000%	$20K	$382K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5188	+0.023%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5187	+0.013%	$38.6M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	−0.054%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5183	−0.012%	$529.8M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5180	−0.033%	$350.3M	$948.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5180	−0.033%	$127.6M	$863.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.086%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5197	+0.079%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.026%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5188	+0.020%	$378.3M	$163.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5186	+0.007%	$309.8M	$930.7M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5185	long leg	$106.8M	$183.1M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5185	0.000%	$269.3M	$388.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5187	+0.013%	—	$107.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5165	−0.129%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5174	−0.073%	$659K	$113.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	−0.072%	$1.1M	$33.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5182	−0.020%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.031%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5192	+0.046%	$52K	$515K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5185	+0.003%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5190	+0.033%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5185	−0.003%	$817K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5190	+0.036%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5184	−0.007%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5169	−0.105%	$49.5M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5186	+0.007%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5180	−0.035%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5180	−0.034%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5195	+0.066%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5186	+0.009%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0110% / S −0.0072%	1h	1.5185	−0.001%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0144%	1h	1.5200	+0.099%	$290.2M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0164%	8h	1.5189	+0.026%	$1.8M	$33.7M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5189	+0.026%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5198	+0.086%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5184	−0.007%	$23.6M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5186	+0.004%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5196	+0.072%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5190	+0.033%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5181	−0.029%	$2K	$16K	10x	as long as short