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 SoDEX+0.284%7-day average · you sell dearer than you buy
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 airdropHibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Hibachi is 0.284% dearer against SoDEX than usual: you sell high and buy low: +$28 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.53480.0100pay 0.0013% / 1h52m 13s$29K$1.8M10x
ShortHibachi XRP/USDT-P1.53920.0304get 0.0038% / 1h52m 13s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against SoDEX. 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: +0.284% → 0.000%
$28.38
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$54.22
Costs to cover
0.170%
Break-even
from the start
Slippage unknown: SoDEX: live order book, 2 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 SoDEX live order book, 2 min ago0.32 bp4.3 bp −$48.2 bp −$82doesn'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%1h1.5387+0.254%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5379+0.199%$1.1M$113K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5392+0.288%$258K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0009% / S +0.0087%1h1.5391+0.283%$844K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5354+0.039%$9.3M$25.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.381%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0061%8h1.5363+0.098%$75K$910K50xas long as short
Lighter XRP+0.0096%1h1.5350+0.015%$2.9M$13.7M20xas long as short
Lighter RH XRP+0.0096%1h1.5350+0.013%$513K$3.2M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5399+0.332%$8K$8K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5400+0.339%$12K$271K20xas long as short
Nado XRP-PERP+0.0100%1h1.5394+0.303%$1.0M$5.6M20xas long as short
Aster XRPUSDT+0.0100%8h1.5394+0.299%$38.9M$83.4M100xas long as short
Pacifica XRP+0.0100%1h1.5381+0.214%$636K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5344−0.026%$539.6M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5345−0.020%$340.2M$930.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5358+0.065%$125.7M$883.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5377+0.189%$572K$48K5xas long as short
Arcus XRP-USD+0.0100%1h1.5392+0.287%$116K$709K20xas long as short
Bulk XRP-USD+0.0100%1h1.5337−0.072%$1.7M$565K20xas long as short
Gate XRP_USDT+0.0100%8h1.5393+0.293%$376.3M$147.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5392+0.287%$300.7M$892.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5390+0.276%$109.5M$167.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.53480.000%$269.1M$376.9M125xas long as short
BingX XRP-USDC+0.0100%8h1.5390+0.274%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5388+0.263%$6.5M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5360+0.081%$669K$106.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5389+0.267%$1.1M$40.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5367+0.124%$1.0M$906K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5395+0.306%$48K$459K20xas long as short
Bullet XRP-USD+0.0100%1h1.5394+0.300%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5368+0.132%$827K$82K10xas long as short
SunX XRP-USDT+0.0100%8h1.5386+0.247%$129K$1.8M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5348long leg$29K$1.8M10x
HTX XRP-USDT+0.0100%8h1.5389+0.264%$50.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5346−0.013%$54.6M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5380+0.207%$479K$54K50xas long as short
Vest XRP-PERP+0.0100%1h1.5387+0.257%$10K10xas long as short
Extended XRP-USD+0.0104%1h1.5351+0.021%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5349+0.007%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5390+0.276%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5387+0.254%$23.9M$74.8M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5360+0.078%$5.8M$46.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5343−0.032%$14.6M$70.6M50xas long as short
Hibachi XRP/USDT-Pshort+0.0304%1h1.5392+0.284%$17K$82K7x
Backpack XRP_USDC_PERP+0.0309%1h1.5400+0.339%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0319%8h1.5398+0.326%$2.1M$35.3M2.9xas long as short
Hyperliquid XRP+0.0505%1h1.5405+0.371%$292.4M$215.2M20xas long as short
Phoenix XRP+0.0520%1h1.5400+0.339%$69K$110K15xas long as short
Aftermath Perps XRPUSD+0.0754%1h1.5378+0.195%$1K$11K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5395+0.306%$510K$754K10xas long as short