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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0204%/8h= +22.3% APRnext payment +$0.26 per $10,000 · paid last 24h +0.034%
Price spread now: Hibachi against Nado−0.005%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 airdropNado: 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: +$6 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XRP-PERP1.53170.0100pay 0.0012% / 1h4m 03s$1.0M$5.5M20x
ShortHibachi XRP/USDT-P1.53170.0304get 0.0038% / 1h4m 03s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Nado. 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
$42.84
Price spread: −0.005% → 0.000%
−$0.49
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$26.35
Costs to cover
0.160%
Break-even
2.7 days
Slippage unknown: Nado: live order book, 5 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 5 min ago0.33 bp4.3 bp −$410.5 bp −$10545.8 bp −$4,577doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5323+0.036%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5322+0.031%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5310−0.049%$256K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5304−0.088%$9.3M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0019% / S +0.0071%1h1.5309−0.054%$840K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.583%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0065%8h1.5306−0.075%$58K$935K50xas long as short
01 Exchange XRPUSD+0.0072%1h1.5315−0.016%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5302−0.100%$2.8M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5301−0.108%$512K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5318+0.003%$9K$281K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5327+0.064%$478K$55K50xas long as short
Nado XRP-PERPlong+0.0100%1h1.5317long leg$1.0M$5.5M20x
Aster XRPUSDT+0.0100%8h1.5302−0.104%$38.7M$83.2M100xas long as short
Pacifica XRP+0.0100%1h1.5322+0.029%$630K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5289−0.186%$540.1M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5275−0.277%$340.9M$919.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5268−0.323%$124.0M$864.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5351+0.219%$571K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5322+0.029%$116K$716K20xas long as short
Bulk XRP-USD+0.0100%1h1.5350+0.210%$1.7M$327K20xas long as short
Gate XRP_USDT+0.0100%8h1.5287−0.199%$373.1M$152.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5290−0.180%$303.4M$916.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5296−0.140%$110.7M$167.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5287−0.199%$268.2M$375.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5288−0.193%$124.9Mas long as short
Variational Omni XRP+0.0100%8h1.5315−0.018%$6.5M$35.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5348+0.200%$666K$106.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5355+0.245%$1.1M$37.7M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5390+0.473%$1.2M$997K50xas long as short
Vest XRP-PERP+0.0100%1h1.5315−0.015%$9K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5319+0.010%$47K$446K20xas long as short
Bullet XRP-USD+0.0100%1h1.5313−0.027%$41K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5309−0.057%$824K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5324+0.045%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5302−0.101%$30K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5305−0.085%$50.2M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5299−0.121%$54.3M$29.6M50xas long as short
Extended XRP-USD+0.0104%1h1.5298−0.126%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5302−0.100%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5312−0.035%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5315−0.016%$24.1M$73.8M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5308−0.062%$5.7M$46.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5299−0.118%$14.4M$70.3M50xas long as short
Hibachi XRP/USDT-Pshort+0.0304%1h1.5317−0.005%$17K$82K7x
Backpack XRP_USDC_PERP+0.0306%1h1.5298−0.127%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0323%8h1.5319+0.010%$2.0M$34.7M2.9xas long as short
Hyperliquid XRP+0.0368%1h1.5300−0.114%$288.5M$215.2M20xas long as short
Phoenix XRP+0.0520%1h1.5330+0.082%$68K$110K15xas long as short
RISEx XRP/USDC+0.0828%1h1.5325+0.048%$542K$775K10xas long as short
Aftermath Perps XRPUSD+0.0846%1h1.5337+0.130%$2K$13K10xas long as short