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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.043%
Price spread now: Hibachi against Pacifica−0.115%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 7 days+0.224%+$22 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Hibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.115% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.115% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 4.2 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.51190.0100pay 0.0013% / 1h13m 03s$601K$1.1M20x
ShortHibachi XRP/USDT-P1.51020.0192get 0.0024% / 1h13m 03s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Pacifica. 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
$19.32
Price spread: −0.115% → 0.000%
−$11.5
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$9.18
Costs to cover
0.170%
Break-even
10.3 days
Slippage unknown: Pacifica: live order book, 1 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 Pacifica live order book, 1 min ago0.33 bp5.4 bp −$56.9 bp −$69doesn't fitdoesn'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%1h1.5099−0.132%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5120+0.007%$14.2M$75.0M50xas long as short
dYdX XRP-USD0.0000%1h1.5115−0.028%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5090−0.192%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5120+0.008%$245K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.917%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0072% / S −0.0016%1h1.5122+0.018%$797K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0081%1h1.5126+0.046%$7.7M$25.5M50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5127+0.053%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5126+0.045%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5127+0.053%$547K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5115−0.026%$10K$361K20xas long as short
Nado XRP-PERP+0.0100%1h1.5112−0.043%$981K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5126+0.048%$38.4M$87.2M100xas long as short
Pacifica XRPlong+0.0100%1h1.5119long leg$601K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5127+0.052%$526.4M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5129+0.066%$344.1M$965.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5130+0.073%$126.5M$886.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5088−0.205%$561K$34K5xas long as short
Arcus XRP-USD+0.0100%1h1.5129+0.066%$144K$713K20xas long as short
Bulk XRP-USD+0.0100%1h1.5026−0.612%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5128+0.060%$371.9M$160.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5129+0.066%$295.8M$925.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5130+0.070%$106.7M$181.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5126+0.046%$265.7M$398.8M125xas long as short
BingX XRP-USDC+0.0100%8h1.5124+0.033%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5072−0.311%$4.7M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5079−0.263%$655K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5088−0.205%$1.1M$37.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5085−0.225%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5121+0.013%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5130+0.073%$51K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5125+0.039%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5122+0.020%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5123+0.027%$814K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5126+0.048%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5121+0.013%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5123+0.026%$49.4M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5120+0.007%$53.8M$32.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5129+0.067%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5116−0.017%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5120+0.010%$58K$25K3xas long as short
Hyperliquid XRP+0.0124%1h1.5143+0.159%$289.1M$262.4M20xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5128+0.060%$5.7M$48.6M50xas long as short
Hibachi XRP/USDT-Pshort+0.0192%1h1.5102−0.115%$17K$82K7x
Backpack XRP_USDC_PERP+0.0200%1h1.5137+0.119%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0201%8h1.5127+0.053%$1.7M$35.7M2.9xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5121+0.015%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5123+0.026%$23.2M$77.3M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5126+0.045%$520K$787K10xas long as short
Aftermath Perps XRPUSD+0.0587%1h1.5080−0.260%$2K$16K10xas long as short