Funding you earn now, next payment 06:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.03 per $10,000 · paid last 24h +0.016%
Price spread now: Hibachi against Backpack−0.052%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.166%+$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Hibachi is 0.052% cheaper against Backpack than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.166%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack XRP_USDC_PERP | 1.5172 | 0.0208 | pay 0.0026% / 1h | 4m 09s | $2.0M | $1.4M | 25x |
| Short | Hibachi XRP/USDT-P | 1.5164 | 0.0184 | get 0.0023% / 1h | 4m 09s | $17K | $82K | 7x |
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-PFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hibachi against Backpack. 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
- −$5.09
- Price spread: −0.052% → 0.000%
- −$5.19
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$29.28
- Costs to cover
- 0.190%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 5 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 Backpack live order book, 5 min ago | 0.33 bp | 5.3 bp −$5 | 6.6 bp −$66 | doesn't fit | 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 | 1.5166 | −0.040% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5158 | −0.094% | $14.4M | $74.9M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5160 | −0.079% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5180 | +0.053% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5159 | −0.086% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.557% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0074% / S −0.0020% | 1h | 1.5160 | −0.080% | $799K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5163 | −0.059% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5163 | −0.059% | $7.7M | $25.3M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5157 | −0.096% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5160 | −0.079% | $547K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5152 | −0.132% | $11K | $361K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5159 | −0.082% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5156 | −0.105% | $38.5M | $87.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5163 | −0.058% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5160 | −0.079% | $527.0M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5159 | −0.086% | $344.2M | $966.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5161 | −0.073% | $126.4M | $890.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5159 | −0.086% | $564K | $35K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5167 | −0.033% | $143K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5132 | −0.265% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5160 | −0.079% | $374.7M | $162.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5160 | −0.079% | $298.0M | $929.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5161 | −0.071% | $107.2M | $181.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5159 | −0.086% | $266.7M | $399.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5161 | −0.073% | — | $106.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5166 | −0.041% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5167 | −0.034% | $659K | $114.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5163 | −0.060% | $1.1M | $36.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5174 | +0.013% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5164 | −0.053% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5165 | −0.046% | $51K | $487K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5161 | −0.071% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5159 | −0.086% | $62K | $932K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5160 | −0.079% | $816K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5160 | −0.079% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5156 | −0.105% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5162 | −0.063% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5158 | −0.092% | $54.1M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5167 | −0.034% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5154 | −0.117% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5157 | −0.096% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0145% | 1h | 1.5173 | +0.007% | $289.6M | $264.2M | 20x | as long as short |
| Hibachi XRP/USDT-Pshort | +0.0184% | 1h | 1.5164 | −0.052% | $17K | $82K | 7x | |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5164 | −0.053% | $5.7M | $48.6M | 50x | as long as short |
| Backpack XRP_USDC_PERPlong | +0.0208% | 1h | 1.5172 | long leg | $2.0M | $1.4M | 25x | |
| Kalshi KXXRPPERP | +0.0215% | 8h | 1.5171 | −0.007% | $1.7M | $35.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5157 | −0.099% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5159 | −0.086% | $23.2M | $77.6M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5166 | −0.043% | $518K | $790K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0573% | 1h | 1.5153 | −0.128% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
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
Vest XRP-PERP
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD