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: Deribit against Hibachi−0.288%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−0.152%−$15 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.288% cheaper against Hibachi than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
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 | Hibachi XRP/USDT-P | 1.5210 | 0.0256 | pay 0.0032% / 1h | 41m 41s | $17K | $82K | 7x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5166 | 0 | get 0.0000% / 1h | 41m 41s | $7.8M | $25.6M | 50x |
Hibachi XRP/USDT-P
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- −$53.76
- Price spread: −0.288% → 0.000%
- −$28.8
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$98.56
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Deribit: 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 Deribit live order book, 2 min ago | 0.33 bp | 4.4 bp −$4 | 6.4 bp −$64 | 40.4 bp −$4,038 | 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 | 1.5164 | −0.301% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5159 | −0.331% | $1.1M | $111K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | 0.0000% | 1h | 1.5166 | −0.288% | $7.8M | $25.6M | 50x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5165 | −0.295% | $261K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0022% | 1h | 1.5164 | −0.304% | $14.4M | $74.2M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.302% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0051% / S +0.0013% | 1h | 1.5164 | −0.300% | $778K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5162 | −0.315% | $2.8M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5164 | −0.301% | $497K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5161 | −0.321% | $12K | $343K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow 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 | −0.301% | $62K | $934K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5170 | −0.261% | $1.0M | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5156 | −0.353% | $38.2M | $84.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5161 | −0.321% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5161 | −0.321% | $532.6M | $2.14B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5163 | −0.308% | $345.5M | $942.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5157 | −0.347% | $126.9M | $885.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5151 | −0.387% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5163 | −0.308% | $118K | $688K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5203 | −0.044% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5156 | −0.354% | $370.3M | $154.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5154 | −0.367% | $291.7M | $900.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5158 | −0.342% | $108.7M | $176.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5155 | −0.360% | $268.4M | $388.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5152 | −0.380% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5202 | −0.052% | $4.9M | $38.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5203 | −0.045% | $661K | $109.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5201 | −0.058% | $1.1M | $36.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5199 | −0.071% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5179 | −0.202% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5172 | −0.249% | $45K | $476K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5168 | −0.277% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5167 | −0.279% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5172 | −0.246% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5164 | −0.301% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5164 | −0.301% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5166 | −0.288% | $54.1M | $31.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5157 | −0.349% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5155 | −0.359% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5164 | −0.304% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5163 | −0.308% | $8K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5172 | −0.249% | $5.6M | $47.5M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0217% | 1h | 1.5169 | −0.267% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5206 | −0.025% | $24.1M | $76.1M | 125x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0256% | 1h | 1.5210 | long leg | $17K | $82K | 7x | |
| Backpack XRP_USDC_PERP | +0.0285% | 1h | 1.5175 | −0.229% | $2.0M | $1.4M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0296% | 8h | 1.5189 | −0.137% | $2.0M | $35.1M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0309% | 1h | 1.5175 | −0.231% | $291.7M | $235.3M | 20x | as long as short |
| RISEx XRP/USDC | +0.0358% | 1h | 1.5165 | −0.296% | $516K | $774K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5210 | +0.001% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0664% | 1h | 1.5198 | −0.079% | $2K | $15K | 10x | as long as short |
Orderly PERP_XRP_USDC
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD