Funding you earn now, next payment 12:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.18 per $10,000 · paid last 24h 0.000%
Price spread now: Hibachi against Reya−0.062%7-day average — · you buy dearer than you sell
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 airdropReya: Active · Hibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Hibachi is 0.062% cheaper against Reya than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya XRPRUSDPERP | 1.5285 | 0.0224 | pay 0.0028% / 1h | 46m 35s | $1.4M | $1K | 15x |
| Short | Hibachi XRP/USDT-P | 1.5275 | 0.0080 | get 0.0010% / 1h | 46m 35s | $17K | $68K | 7x |
Reya XRPRUSDPERP
Hibachi XRP/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Reya. 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
- −$30.23
- Price spread: −0.062% → 0.000%
- −$6.18
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$51.41
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample | — | — | — | — | — |
| Sell Hibachi no order-book sample | — | — | — | — | — |
Reya and 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 exchanges
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 | 1.5360 | +0.492% | $5K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0077% | 1h | 1.5283 | −0.009% | $13.7M | $68.5M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5295 | +0.067% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5270 | −0.097% | $68K | $102K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5292 | +0.047% | $7.6M | $19.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5285 | +0.001% | $242K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.801% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5301 | +0.106% | $9K | $987 | 10x | as long as short |
| Hibachi XRP/USDT-Pshort | +0.0080% | 1h | 1.5275 | −0.062% | $17K | $68K | 7x | |
| Lighter XRP | +0.0096% | 1h | 1.5291 | +0.041% | $2.7M | $13.5M | 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
Lighter XRPShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5297 | +0.080% | $573K | $3.1M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0096% | 1h | 1.5284 | −0.005% | $5.5M | $41.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5297 | +0.078% | $477K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5284 | −0.005% | $10K | $412K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5287 | +0.018% | $848K | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5301 | +0.106% | $297.3M | $261.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5293 | +0.054% | $38.9M | $79.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5296 | +0.073% | $590K | $978K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5294 | +0.060% | $532.1M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5297 | +0.080% | $361.4M | $854.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5295 | +0.067% | $123.7M | $817.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5259 | −0.169% | $561K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5301 | +0.106% | $161K | $692K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5312 | +0.175% | $1.6M | $66K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5297 | +0.080% | $375.9M | $156.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5296 | +0.073% | $317.0M | $878.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5293 | +0.055% | $104.1M | $180.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5298 | +0.087% | $269.8M | $346.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5298 | +0.087% | — | $94.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5256 | −0.185% | $4.9M | $37.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5240 | −0.291% | $662K | $105.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5265 | −0.129% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5262 | −0.149% | $1.2M | $1.2M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5290 | +0.034% | $51K | $471K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5290 | +0.034% | $41K | $64K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5286 | +0.008% | $83K | $602K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5289 | +0.030% | $822K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5292 | +0.049% | $128K | $1.4M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5284 | −0.005% | $30K | $1.4M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5285 | +0.001% | $49.8M | $13.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5289 | +0.028% | $54.6M | $33.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5288 | +0.019% | — | $15K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5290 | +0.033% | $2.2M | $5.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5280 | −0.028% | $59K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0109% | 8h | 1.5286 | +0.008% | $1.9M | $35.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0155% | 1h | 1.5291 | +0.041% | $2.0M | $1.2M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5288 | +0.021% | $23.8M | $77.3M | 125x | as long as short |
| Reya XRPRUSDPERPlong | +0.0224% | 1h | 1.5285 | long leg | $1.4M | $1K | 15x | |
| GMX XRP/USD [ETH-USDC] | L +0.0260% / S −0.0519% | 1h | 1.5287 | +0.013% | $880K | — | 200x | as long as short |
| RISEx XRP/USDC | +0.0300% | 1h | 1.5303 | +0.116% | $506K | $723K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0389% | 1h | 1.5285 | +0.003% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Coinbase International XRP-PERP-INTX
Paradex XRP-USD-PERP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
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
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
BloFin XRP-USDT
GMX XRP/USD [ETH-USDC]
RISEx XRP/USDC
Aftermath Perps XRPUSD