XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0256%/8h= +28.0% APRnext payment +$0.32 per $10,000 · paid last 24h +0.065%

Price spread now: Hibachi against Deribit+0.289%7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.152%+$15 on $10k

Price spread, last 7 days—no 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 +$8 a day on $10k at the current rate, and Hibachi is 0.289% dearer against Deribit than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 7.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5166	0	get 0.0000% / 1h	41m 55s	$7.8M	$25.6M	50x
Short	Hibachi XRP/USDT-P	1.5210	0.0256	get 0.0032% / 1h	41m 55s	$17K	$82K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Deribit. 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 DeribitbpFee HibachibpOrdersPrice spread, now +0.289%Rate

Funding earned: $53.76
Price spread: +0.289% → 0.000%: $28.88
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $66.64
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Deribit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 2 min ago	0.33 bp	6.2 bp −$6	7.9 bp −$79	43.9 bp −$4,390	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	1.5203	+0.244%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5180	+0.093%	$1.1M	$111K	10x	as long as short
Deribit XRP_USDC-PERPETUALlong	0.0000%	1h	1.5166	long leg	$7.8M	$25.6M	50x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5165	−0.007%	$261K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5164	−0.016%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.598%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0013%	1h	1.5164	−0.012%	$778K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	+0.026%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	+0.026%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5171	+0.033%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5164	−0.013%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5170	+0.027%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5166	0.000%	$38.3M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.100%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5168	+0.013%	$532.9M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5167	+0.007%	$345.5M	$941.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5168	+0.013%	$126.9M	$885.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	+0.178%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5172	+0.040%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.244%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5165	−0.007%	$370.5M	$154.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5167	+0.007%	$292.0M	$900.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5169	+0.018%	$108.8M	$176.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5166	0.000%	$268.7M	$388.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5162	−0.026%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	+0.236%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.305%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.231%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	+0.218%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5179	+0.086%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5172	+0.040%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5168	+0.011%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5167	+0.009%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5172	+0.042%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5164	−0.013%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5164	−0.013%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	0.000%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5168	+0.014%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5165	−0.005%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	−0.016%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5176	+0.066%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5172	+0.040%	$5.6M	$47.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5169	+0.021%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	+0.264%	$24.1M	$76.1M	125x	as long as short
Hibachi XRP/USDT-Pshort	+0.0256%	1h	1.5210	+0.289%	$17K	$82K	7x
Backpack XRP_USDC_PERP	+0.0285%	1h	1.5175	+0.059%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0296%	8h	1.5189	+0.152%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0310%	1h	1.5182	+0.105%	$291.9M	$235.3M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5174	+0.051%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5210	+0.290%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5198	+0.210%	$2K	$15K	10x	as long as short