Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0148%/8h= +16.2% APRpaid last 24h +0.038%

Price spread now: Hibachi against MEXC+0.054%7-day average — · you sell dearer than you buy

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

Long on MEXC Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.300%+$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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Hibachi is 0.054% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5189	0.0100	pay 0.0100% / 8h	5h 29m	$292.8M	$898.3M	300x
Short	Hibachi XRP/USDT-P	1.5197	0.0248	get 0.0031% / 1h	29m 41s	$17K	$82K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against MEXC. 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 MEXCbpFee HibachibpOrdersPrice spread, now +0.054%Rate

Funding earned: $31.08
Price spread: +0.054% → 0.000%: $5.43
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $27.51
Costs to cover: 0.090%
Break-even: 0.8 days

Slippage unknown: MEXC: 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 MEXC live order book, 4 min ago	0.33 bp	0.3 bp $0	0.3 bp −$3	4.2 bp −$419	22.4 bp −$11.2K
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	1.5193	+0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5209	+0.134%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5195	+0.039%	$254K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.443%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5196	+0.048%	$821K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5201	+0.079%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5196	+0.046%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5204	+0.099%	$7.7M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5186	−0.017%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5189	0.000%	$513K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5194	+0.033%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5203	+0.095%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5200	+0.072%	$281.7M	$221.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5190	+0.008%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5212	+0.151%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5188	−0.010%	$538.4M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5188	−0.007%	$344.9M	$927.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5192	+0.020%	$126.0M	$869.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5156	−0.217%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5205	+0.105%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.216%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5188	−0.007%	$370.3M	$152.1M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5189	long leg	$292.8M	$898.3M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5190	+0.009%	$107.8M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5188	−0.007%	$268.0M	$380.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5191	+0.013%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.062%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	−0.082%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5189	−0.001%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.184%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5201	+0.081%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5202	+0.086%	$43K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5199	+0.066%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5197	+0.053%	$818K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5207	+0.115%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5201	+0.079%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	+0.083%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5202	+0.086%	$54.1M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5205	+0.107%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5184	−0.031%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	+0.060%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5208	+0.125%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5194	+0.033%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5202	+0.086%	$5.6M	$46.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5209	+0.132%	$24.2M	$75.2M	125x	as long as short
Hibachi XRP/USDT-Pshort	+0.0248%	1h	1.5197	+0.054%	$17K	$82K	7x
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5199	+0.065%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5217	+0.184%	$2.2M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5207	+0.118%	$518K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.007%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0681%	1h	1.5178	−0.071%	$2K	$14K	10x	as long as short