Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.043%

Price spread now: Aster against Hibachi+0.106%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.298%−$30 on $10k

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

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

The price spread pays, funding is against you. Aster is 0.106% dearer against Hibachi than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5130	0.0176	pay 0.0022% / 1h	10m 58s	$17K	$82K	7x
Short	Aster XRPUSDT	1.5146	0.0100	get 0.0100% / 8h	2h 10m	$38.4M	$87.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Hibachi. 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 HibachibpFee AsterbpOrdersPrice spread, now +0.106%Rate

Funding earned: −$15.96
Price spread: +0.106% → 0.000%: $10.58
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$22.38
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Aster: live order book, 3 min ago. 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 Hibachi no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	1.65 bp	5.9 bp −$6	7.3 bp −$73	16.9 bp −$1,691	doesn't fit

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	1.5099	−0.205%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5149	+0.129%	$14.2M	$74.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5133	+0.020%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.264%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	+0.085%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.842%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0017%	1h	1.5141	+0.069%	$799K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5152	+0.145%	$7.8M	$25.4M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5145	+0.099%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5148	+0.120%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5150	+0.132%	$547K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5136	+0.040%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5138	+0.056%	$983K	$6.4M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5146	+0.106%	$38.4M	$87.2M	100x
Pacifica XRP	+0.0100%	1h	1.5143	+0.085%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5147	+0.112%	$527.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5147	+0.112%	$344.1M	$966.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5143	+0.086%	$126.5M	$886.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5137	+0.046%	$563K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5148	+0.119%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	+0.012%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5145	+0.099%	$372.2M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	+0.119%	$296.8M	$926.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5146	+0.104%	$106.9M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5145	+0.099%	$266.0M	$398.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5150	+0.132%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.383%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5116	−0.089%	$656K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.278%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5129	−0.007%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5146	+0.107%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5151	+0.139%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5142	+0.079%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5143	+0.086%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	+0.109%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5154	+0.161%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	+0.119%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	+0.127%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	+0.073%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	+0.145%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	+0.074%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	+0.097%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0135%	1h	1.5161	+0.205%	$289.6M	$262.7M	20x	as long as short
Hibachi XRP/USDT-Plong	+0.0176%	1h	1.5130	long leg	$17K	$82K	7x
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5151	+0.139%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5155	+0.165%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5148	+0.119%	$1.7M	$35.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5145	+0.101%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5145	+0.099%	$23.2M	$77.4M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5148	+0.120%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0591%	1h	1.5103	−0.180%	$2K	$16K	10x	as long as short