Funding you earn now, next payment 06:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.043%
Price spread now: Hibachi against Paradex+0.079%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Hibachi: 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 0.079% dearer against Paradex than usual: you sell high and buy low: +$8 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 | Paradex XRP-USD-PERP | 1.5112 | 0.0100 | pay 0.0100% / 8h | 2h 49m | $471K | $55K | 50x |
| Short | Hibachi XRP/USDT-P | 1.5124 | 0.0240 | get 0.0030% / 1h | 49m 11s | $17K | $82K | 7x |
Paradex XRP-USD-PERP
Hibachi XRP/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Paradex. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $29.4
- Price spread: +0.079% → 0.000%
- $7.9
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- $24.3
- Costs to cover
- 0.130%
- Break-even
- 1.2 days
Slippage unknown: Paradex: live order book, 65 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 Paradex live order book, 65 min ago | 4.61 bp | 6.6 bp −$7 | 135.4 bp −$1,354 | 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 | 1.5108 | −0.026% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5101 | −0.072% | $14.3M | $75.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5114 | +0.013% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5120 | +0.053% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5109 | −0.020% | $7.7M | $25.6M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5107 | −0.030% | $258K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.965% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5111 | −0.006% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5107 | −0.036% | $792K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5102 | −0.066% | $2.8M | $14.8M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5104 | −0.053% | $496K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5103 | −0.059% | $10K | $356K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5109 | −0.023% | $938K | $6.2M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5111 | −0.006% | $290.6M | $258.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5098 | −0.090% | $38.6M | $86.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5113 | +0.007% | $606K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5099 | −0.086% | $531.2M | $2.18B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5101 | −0.073% | $342.0M | $950.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5102 | −0.066% | $125.2M | $887.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5107 | −0.033% | $563K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5114 | +0.014% | $137K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5114 | +0.013% | $1.6M | $29K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5099 | −0.086% | $371.9M | $155.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5097 | −0.099% | $295.3M | $904.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5106 | −0.038% | $107.7M | $179.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5099 | −0.086% | $268.1M | $392.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5101 | −0.073% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5128 | +0.105% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5106 | −0.040% | $656K | $111.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5131 | +0.125% | $1.1M | $37.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5124 | +0.080% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5111 | −0.009% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5111 | −0.006% | $50K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5105 | −0.046% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5106 | −0.039% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5105 | −0.047% | $813K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5115 | +0.023% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5101 | −0.073% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5113 | +0.006% | $49.4M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5103 | −0.059% | $53.8M | $31.6M | 50x | as long as short |
| Paradex XRP-USD-PERPlong | +0.0100% | 8h | 1.5112 | long leg | $471K | $55K | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5100 | −0.077% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5104 | −0.053% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0152% | 8h | 1.5114 | +0.014% | $1.8M | $35.6M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5108 | −0.026% | $5.7M | $48.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0187% | 1h | 1.5111 | −0.006% | $2.0M | $1.4M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0217% | 1h | 1.5105 | −0.045% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5097 | −0.099% | $24.1M | $75.8M | 125x | as long as short |
| Hibachi XRP/USDT-Pshort | +0.0240% | 1h | 1.5124 | +0.079% | $17K | $82K | 7x | |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5113 | +0.006% | $515K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0625% | 1h | 1.5120 | +0.052% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD