Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.0% APRnext payment +$0.06 per $10,000 · paid last 24h −0.015%
Price spread now: Backpack against Hibachi+0.151%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Backpack is 0.151% dearer against Hibachi than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5231 | 0.0144 | pay 0.0018% / 1h | 16m 40s | $17K | $79K | 7x |
| Short | Backpack XRP_USDC_PERP | 1.5254 | 0.0190 | get 0.0024% / 1h | 16m 40s | $2.0M | $1.4M | 25x |
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Hibachi. 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
- $9.61
- Price spread: +0.151% → 0.000%
- $15.12
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $5.73
- Costs to cover
- 0.190%
- Break-even
- 2.8 days
Slippage unknown: Hibachi: no order-book sample; Backpack: live order book, 2 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 Backpack live order book, 2 min ago | 0.33 bp | 5.3 bp −$5 | 6.6 bp −$66 | doesn't fit | 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 50 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 | 1.5243 | +0.079% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5241 | +0.069% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5260 | +0.191% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5244 | +0.086% | $247K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0012% | 1h | 1.5248 | +0.112% | $7.9M | $24.8M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0024% | 1h | 1.5244 | +0.088% | $14.5M | $75.0M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.160% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0088% / S −0.0041% | 1h | 1.5244 | +0.088% | $787K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5242 | +0.074% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5243 | +0.079% | $548K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5234 | +0.020% | $11K | $372K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5254 | +0.154% | $994K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5241 | +0.066% | $38.7M | $87.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5243 | +0.081% | $620K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5242 | +0.072% | $534.8M | $2.23B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5237 | +0.040% | $349.8M | $965.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5238 | +0.046% | $128.1M | $885.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5239 | +0.053% | $567K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5244 | +0.086% | $145K | $716K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5238 | +0.046% | $378.3M | $161.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5240 | +0.059% | $311.5M | $931.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5239 | +0.054% | $107.8M | $182.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5235 | +0.026% | $269.5M | $397.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5235 | +0.026% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5198 | −0.218% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5231 | +0.003% | $662K | $114.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5240 | +0.057% | $1.1M | $36.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5204 | −0.177% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5255 | +0.156% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5255 | +0.158% | $66K | $507K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5246 | +0.102% | $41K | $71K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5243 | +0.079% | $66K | $746K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5249 | +0.121% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5245 | +0.092% | $30K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5257 | +0.169% | $49.8M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5242 | +0.072% | $54.6M | $32.5M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5206 | −0.164% | $1.6M | $5K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5247 | +0.106% | $475K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5233 | +0.014% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5242 | +0.073% | $59K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5248 | +0.112% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0144% | 1h | 1.5231 | long leg | $17K | $79K | 7x | |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5253 | +0.145% | $5.7M | $48.5M | 50x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0190% | 1h | 1.5254 | +0.151% | $2.0M | $1.4M | 25x | |
| Hyperliquid XRP | +0.0216% | 1h | 1.5255 | +0.158% | $290.8M | $265.5M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5249 | +0.118% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5245 | +0.092% | $23.7M | $78.4M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0224% | 8h | 1.5257 | +0.171% | $1.8M | $35.2M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5243 | +0.081% | $529K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0653% | 1h | 1.5226 | −0.030% | $2K | $16K | 10x | as long as short |
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
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
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
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD