Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0108%/8h= −11.8% APRpaid last 24h −0.043%

Price spread now: Gate against Hibachi+0.330%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 Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.266%−$27 on $10k

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

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

The price spread pays, funding is against you. Gate is 0.330% dearer against Hibachi than usual: you sell high and buy low (spread +0.330% now, against zero (this spread has no 7-day history yet)): +$33 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.4939	0.0208	pay 0.0026% / 1h	24m 47s	$17K	$82K	7x
Short	Gate XRP_USDT	1.4988	0.0100	get 0.0100% / 8h	2h 24m	$367.9M	$159.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.330%Rate

Funding earned: −$22.68
Price spread: +0.330% → 0.000%: $33.01
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$13.67
Costs to cover: 0.240%
Break-even: from the start

Slippage unknown: Hibachi: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	0.67 bp	10.7 bp −$11	15.7 bp −$157	33.2 bp −$3,323	44.2 bp −$22.1K

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	1.4943	+0.029%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.4994	+0.373%	$14.1M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.4997	+0.392%	$1.1M	$130K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.4980	+0.277%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.4994	+0.370%	$243K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+4.159%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.4993	+0.364%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.4996	+0.384%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0084%	1h	1.4997	+0.390%	$7.6M	$25.7M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5000	+0.410%	$2.8M	$15.0M	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	1.5001	+0.417%	$543K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.4986	+0.317%	$10K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.4989	+0.333%	$952K	$6.3M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5008	+0.464%	$285.7M	$260.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.4998	+0.397%	$38.2M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5002	+0.424%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5001	+0.418%	$525.0M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5002	+0.424%	$341.1M	$964.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5002	+0.424%	$124.3M	$877.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4996	+0.384%	$556K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5000	+0.410%	$143K	$719K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5027	+0.591%	$1.6M	$4K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.4988	+0.330%	$367.9M	$159.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5003	+0.431%	$278.0M	$919.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.4999	+0.404%	$104.7M	$181.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.4996	+0.384%	$263.5M	$397.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.4998	+0.397%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.4960	+0.143%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.4951	+0.084%	$649K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5001	+0.415%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.4945	+0.042%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5000	+0.410%	$51K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.4996	+0.384%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.4995	+0.377%	$61K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.4993	+0.366%	$807K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5002	+0.421%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.4996	+0.384%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.4990	+0.342%	$49.0M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.4989	+0.337%	$53.5M	$32.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5012	+0.488%	$468K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.4991	+0.349%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.4982	+0.289%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.4995	+0.375%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0148%	8h	1.4991	+0.350%	$1.6M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0162%	1h	1.4991	+0.350%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5000	+0.410%	$5.5M	$48.1M	50x	as long as short
Hibachi XRP/USDT-Plong	+0.0208%	1h	1.4939	long leg	$17K	$82K	7x
Reya XRPRUSDPERP	+0.0218%	1h	1.4993	+0.366%	$1.3M	$6K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.4995	+0.377%	$23.3M	$76.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5001	+0.417%	$512K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0619%	1h	1.5001	+0.418%	$2K	$16K	10x	as long as short