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−0.0180%/8h= −19.7% APRnext payment $0.22 per $10,000 · paid last 24h −0.041%
Price spread now: Derive against Hibachi−0.116%7-day average · you buy dearer than you sell
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−0.194%−$19 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Derive is 0.116% cheaper against Hibachi than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi XRP/USDT-P1.51630.0280pay 0.0035% / 1h14m 24s$17K$82K7x
ShortDerive XRP-PERP1.51450.0100get 0.0013% / 1h14m 24s$815K$72K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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

Funding earned
−$37.8
Price spread: −0.116% → 0.000%
−$11.59
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee Derive: 3 bp × 2 orders
−$6
Net
−$64.39
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Hibachi: no order-book sample; Derive: 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 Hibachi no order-book sample
Sell Derive no order-book sample
Hibachi and Derive: 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%1h1.5160−0.020%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5149−0.091%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5144−0.126%$258K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5148−0.099%$7.7M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5154−0.062%$14.4M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.618%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5144−0.126%$795K200xas long as short
Lighter XRP+0.0096%1h1.5151−0.082%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5158−0.033%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5150−0.086%$9K$351K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5148−0.096%$975K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5147−0.106%$39.0M$85.7M100xas long as short
Pacifica XRP+0.0100%1h1.5151−0.081%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5145−0.119%$533.8M$2.16B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5145−0.119%$344.4M$945.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5148−0.099%$125.8M$883.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5148−0.099%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5155−0.053%$137K$721K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164+0.010%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5149−0.093%$372.0M$157.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5150−0.086%$297.4M$907.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5152−0.074%$109.1M$178.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5145−0.119%$269.0M$390.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5148−0.099%$127.8Mas long as short
Variational Omni XRP+0.0100%8h1.5151−0.080%$4.8M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5166+0.023%$659K$110.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5154−0.057%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5169+0.039%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5151−0.081%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5152−0.073%$45K$479K20xas long as short
Bullet XRP-USD+0.0100%1h1.5147−0.106%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5145−0.119%$62K$934K50xas long as short
Derive XRP-PERPshort+0.0100%1h1.5145−0.116%$815K$72K10x
SunX XRP-USDT+0.0100%8h1.5165+0.014%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5152−0.073%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5158−0.033%$49.5M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5155−0.053%$53.9M$31.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5147−0.108%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5146−0.111%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5143−0.130%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5156−0.046%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5160−0.020%$5.7M$48.1M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5148−0.098%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5156−0.046%$24.2M$75.7M125xas long as short
Kalshi KXXRPPERP+0.0233%8h1.5170+0.046%$1.9M$35.3M2.9xas long as short
Backpack XRP_USDC_PERP+0.0251%1h1.5164+0.006%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-Plong+0.0280%1h1.5163long leg$17K$82K7x
RISEx XRP/USDC+0.0358%1h1.5154−0.062%$516K$776K10xas long as short
Hyperliquid XRP+0.0405%1h1.5164+0.006%$297.8M$251.6M20xas long as short
Phoenix XRP+0.0528%1h1.5160−0.020%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0648%1h1.5166+0.018%$2K$15K10xas long as short