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

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0068%/8h= +7.4% APRpaid last 24h +0.043%
Price spread now: Hibachi against SunX+0.069%52s7-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 7 days+0.197%+$20 on $10k
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 +$2 a day on $10k at the current rate, and Hibachi is 0.069% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX XRP-USDT1.51410.0100pay 0.0100% / 8h1h 55m$127K$1.8M30x
ShortHibachi XRP/USDT-P1.51520.0168get 0.0021% / 1h55m 25s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against SunX. 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
$14.28
Price spread: +0.069% → 0.000%
$6.91
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$4.19
Costs to cover
0.170%
Break-even
4.9 days
Slippage unknown: SunX: live order book, 10 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 SunX live order book, 10 min ago16.29 bp20.3 bp −$2025.1 bp −$251doesn'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%1h1.5158+0.112%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5145+0.024%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5150+0.059%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5140−0.010%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5146+0.032%$7.7M$25.2M50xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5136−0.034%$14.4M$75.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.767%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0072%1h1.5146+0.032%$8K$8K10xas long as short
GMX XRP/USD [ETH-USDC]L +0.0077% / S −0.0023%1h1.5143+0.013%$799K200xas long as short
Lighter XRP+0.0096%1h1.5154+0.082%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5154+0.085%$546K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5136−0.034%$11K$363K20xas long as short
Nado XRP-PERP+0.0100%1h1.5150+0.062%$999K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5144+0.018%$38.4M$87.5M100xas long as short
Pacifica XRP+0.0100%1h1.5154+0.087%$603K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5143+0.013%$528.3M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5144+0.019%$343.9M$967.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5146+0.032%$126.9M$891.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5154+0.085%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5150+0.059%$143K$718K20xas long as short
Bulk XRP-USD+0.0100%1h1.5166+0.164%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5144+0.019%$374.9M$157.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5146+0.032%$297.1M$916.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5148+0.044%$107.3M$182.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5145+0.026%$266.5M$399.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5144+0.019%$106.2Mas long as short
Variational Omni XRP+0.0100%8h1.5135−0.041%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5133−0.056%$659K$114.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5133−0.054%$1.1M$36.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5156+0.098%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5150+0.058%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5150+0.059%$46K$491K20xas long as short
Bullet XRP-USD+0.0100%1h1.5140−0.008%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5145+0.026%$62K$932K50xas long as short
Derive XRP-PERP+0.0100%1h1.5139−0.016%$815K$73K10xas long as short
SunX XRP-USDTlong+0.0100%8h1.5141long leg$127K$1.8M30x
SoDEX XRP-USD+0.0100%1h1.5136−0.034%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5142+0.006%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5139−0.014%$54.0M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5158+0.111%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5142+0.008%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5141+0.002%$58K$25K3xas long as short
Hibachi XRP/USDT-Pshort+0.0168%1h1.5152+0.069%$17K$82K7x
Backpack XRP_USDC_PERP+0.0169%1h1.5156+0.098%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5147+0.039%$5.7M$48.4M50xas long as short
Hyperliquid XRP+0.0196%1h1.5160+0.125%$289.2M$264.6M20xas long as short
Kalshi KXXRPPERP+0.0212%8h1.5146+0.032%$1.7M$35.4M2.9xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5143+0.015%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5141−0.001%$23.3M$77.6M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5150+0.062%$517K$792K10xas long as short
Aftermath Perps XRPUSD+0.0571%1h1.5154+0.083%$2K$16K10xas long as short