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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0152%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h +0.040%
Price spread now: Hibachi against Extended+0.360%47s7-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+0.184%+$18 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · Hibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.360% dearer against Extended than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XRP-USD1.51550.0104pay 0.0013% / 1h41m 35s$2.0M$6.8M50x
ShortHibachi XRP/USDT-P1.52100.0256get 0.0032% / 1h41m 35s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. 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
$31.92
Price spread: +0.360% → 0.000%
$36.04
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$53.96
Costs to cover
0.140%
Break-even
from the start
Slippage unknown: Extended: 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 2 min ago0.33 bp3.1 bp −$35.4 bp −$54doesn'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%1h1.5164+0.058%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5159+0.028%$1.1M$111K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5166+0.071%$7.8M$25.6M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5165+0.064%$261K150xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5164+0.056%$14.4M$74.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.671%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0051% / S +0.0013%1h1.5164+0.059%$778K200xas long as short
Lighter XRP+0.0096%1h1.5162+0.044%$2.8M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5164+0.058%$497K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5161+0.038%$12K$343K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_XRP_USDC+0.0100%8h1.5164+0.058%$62K$934K50xas long as short
Nado XRP-PERP+0.0100%1h1.5170+0.099%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5156+0.007%$38.2M$84.6M100xas long as short
Pacifica XRP+0.0100%1h1.5161+0.038%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5161+0.038%$532.6M$2.14B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5163+0.052%$345.5M$942.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5157+0.012%$126.9M$885.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5151−0.028%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5163+0.052%$118K$688K20xas long as short
Bulk XRP-USD+0.0100%1h1.5203+0.316%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5156+0.005%$370.3M$154.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5154−0.008%$291.7M$900.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5158+0.017%$108.7M$176.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5155−0.001%$268.4M$388.8M125xas long as short
BingX XRP-USDC+0.0100%8h1.5152−0.021%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5202+0.308%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5203+0.315%$661K$109.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5201+0.302%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5199+0.289%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5179+0.158%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5172+0.111%$45K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5168+0.082%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5167+0.081%$816K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5172+0.114%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5164+0.058%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5164+0.058%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5166+0.071%$54.1M$31.1M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5157+0.010%$473K$55K50xas long as short
Extended XRP-USDlong+0.0104%1h1.5155long leg$2.0M$6.8M50x
Aevo XRP-PERP+0.0104%1h1.5164+0.055%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5163+0.052%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5172+0.111%$5.6M$47.5M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5169+0.093%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5206+0.335%$24.1M$76.1M125xas long as short
Hibachi XRP/USDT-Pshort+0.0256%1h1.5210+0.360%$17K$82K7x
Backpack XRP_USDC_PERP+0.0285%1h1.5175+0.131%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0296%8h1.5189+0.223%$2.0M$35.1M2.9xas long as short
Hyperliquid XRP+0.0309%1h1.5175+0.128%$291.7M$235.3M20xas long as short
RISEx XRP/USDC+0.0358%1h1.5165+0.064%$516K$774K10xas long as short
Phoenix XRP+0.0528%1h1.5210+0.362%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0664%1h1.5198+0.282%$2K$15K10xas long as short