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

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC−0.0012%/8h= −1.3% APRnext payment $0.02 per $10,000 · paid last 24h +0.034%
Price spread now: Hibachi against Arcus−0.031%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 4 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 against this trade now: funding costs $0 a day on $10k at the current rate, and Hibachi is 0.031% cheaper against Arcus than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus XRP-USD1.53040.0100pay 0.0013% / 1h43m 04s$161K$690K20x
ShortHibachi XRP/USDT-P1.52990.0088get 0.0011% / 1h43m 04s$17K$68K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Arcus. 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
−$2.52
Price spread: −0.031% → 0.000%
−$3.05
Slippage, 4 orders
no order book: not counted
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
−$19.07
Costs to cover
0.135%
Break-even
never at this rate
Slippage unknown: Arcus: live order book, 64 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 Arcus live order book, 64 min ago0.33 bp4.1 bp −$47.1 bp −$7129.9 bp −$2,989doesn'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 exchanges

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%1h1.5360+0.366%$5K$2K20xas long as short
Kraken Futures PF_XRPUSD−0.0077%1h1.5312+0.055%$13.7M$68.5M50xas long as short
dYdX XRP-USD0.0000%1h1.5303−0.007%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5290−0.091%$68K$102K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5311+0.046%$7.6M$19.8M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5302−0.014%$242K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.673%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0072%1h1.53040.000%$9K$98710xas long as short
Hibachi XRP/USDT-Pshort+0.0088%1h1.5299−0.031%$17K$68K7x
Lighter XRP+0.0096%1h1.5312+0.054%$2.7M$13.5M20xas long as short
Show all 51 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5315+0.072%$574K$3.1M20xas long as short
Coinbase International XRP-PERP-INTX+0.0096%1h1.5310+0.039%$5.5M$41.6M50xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5306+0.011%$477K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5291−0.085%$10K$412K20xas long as short
Nado XRP-PERP+0.0100%1h1.5298−0.036%$847K$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5324+0.131%$298.0M$261.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5320+0.106%$39.1M$79.5M100xas long as short
Pacifica XRP+0.0100%1h1.5305+0.007%$590K$978K20xas long as short
Binance XRPUSDT+0.0100%8h1.5322+0.119%$533.1M$2.02B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5323+0.124%$362.0M$854.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5320+0.105%$123.5M$819.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5259−0.294%$561K$37K5xas long as short
Arcus XRP-USDlong+0.0100%1h1.5304long leg$161K$690K20x
Bulk XRP-USD+0.0100%1h1.5288−0.102%$1.6M$66K20xas long as short
Gate XRP_USDT+0.0100%8h1.5317+0.085%$376.2M$157.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5308+0.026%$319.0M$880.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5305+0.007%$104.0M$180.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5322+0.118%$271.0M$347.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5308+0.026%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5263−0.270%$4.9M$37.1Mas long as short
edgeX XRPUSDC+0.0100%4h1.5286−0.117%$664K$106.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5298−0.038%$1.1M$32.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5299−0.033%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5303−0.005%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5302−0.013%$50K$471K20xas long as short
Bullet XRP-USD+0.0100%1h1.5302−0.012%$41K$65K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5305+0.007%$83K$602K50xas long as short
Derive XRP-PERP+0.0100%1h1.5309+0.032%$824K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5303−0.005%$129K$1.4M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5307+0.020%$30K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5286−0.116%$49.8M$13.1M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5308+0.026%$54.7M$33.1M50xas long as short
Extended XRP-USD+0.0104%1h1.5301−0.017%$2.2M$5.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5303−0.007%$59K$25K3xas long as short
Kalshi KXXRPPERP+0.0108%8h1.5302−0.013%$1.9M$35.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0171%1h1.5324+0.131%$2.0M$1.2M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5299−0.033%$23.8M$77.3M125xas long as short
Reya XRPRUSDPERP+0.0224%1h1.5297−0.047%$1.4M$1K15xas long as short
GMX XRP/USD [ETH-USDC]L +0.0264% / S −0.0531%1h1.5302−0.012%$882K200xas long as short
RISEx XRP/USDC+0.0300%1h1.5305+0.007%$506K$721K10xas long as short
Aftermath Perps XRPUSD+0.0388%1h1.5293−0.071%$3K$13K10xas long as short