Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.041%

Price spread now: Hibachi against Aster−0.167%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Hibachi: Active · farm boardneeds both histories

Funding pays, the price is against you. Hibachi is 0.167% cheaper against Aster than usual: you would sell low and buy high (spread −0.167% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 3.1 days of funding at the current rate (+$5 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5147	0.0100	pay 0.0100% / 8h	3h 06m	$39.0M	$86.0M	100x
Short	Hibachi XRP/USDT-P	1.5122	0.0280	get 0.0035% / 1h	6m 32s	$17K	$82K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Aster. 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

Position, each leg$Hold fordaysFee AsterbpFee HibachibpOrdersPrice spread, now −0.167%Rate

Funding earned: $37.8
Price spread: −0.167% → 0.000%: −$16.74
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $4.06
Costs to cover: 0.170%
Break-even: 6.2 days

Slippage unknown: Aster: live order book, 3 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 Aster live order book, 3 min ago	0.33 bp	4.3 bp −$4	5.4 bp −$54	15.3 bp −$1,528	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	1.5133	−0.095%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5147	−0.001%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5142	−0.035%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.098%	$258K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5141	−0.044%	$14.3M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.724%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5131	−0.109%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5153	+0.039%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	+0.044%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5141	−0.042%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5149	+0.008%	$979K	$6.1M	20x	as long as short
Aster XRPUSDTlong	+0.0100%	8h	1.5147	long leg	$39.0M	$86.0M	100x
Pacifica XRP	+0.0100%	1h	1.5155	+0.050%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5148	+0.007%	$533.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5150	+0.017%	$343.8M	$947.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.024%	$125.3M	$886.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5145	−0.016%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5154	+0.044%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.059%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5149	+0.011%	$374.9M	$158.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5151	+0.024%	$294.2M	$910.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	+0.035%	$109.2M	$178.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5151	+0.024%	$269.0M	$391.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5148	+0.004%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.117%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.224%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5106	−0.273%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5119	−0.187%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5148	+0.006%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5155	+0.050%	$49K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	−0.119%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5137	−0.068%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	−0.063%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5133	−0.091%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	−0.055%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	−0.033%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	−0.055%	$53.9M	$31.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5151	+0.026%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	−0.025%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5135	−0.082%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5149	+0.011%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0177%	8h	1.5141	−0.042%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5144	−0.022%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5150	+0.017%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−0.055%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5150	+0.017%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-Pshort	+0.0280%	1h	1.5122	−0.167%	$17K	$82K	7x
RISEx XRP/USDC	+0.0358%	1h	1.5153	+0.038%	$517K	$777K	10x	as long as short
Hyperliquid XRP	+0.0378%	1h	1.5165	+0.117%	$290.9M	$255.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5110	−0.247%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0637%	1h	1.5136	−0.075%	$2K	$15K	10x	as long as short