Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.040%

Price spread now: HTX against Hibachi+0.092%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 HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 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. HTX is 0.092% dearer against Hibachi than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5108	0.0160	pay 0.0020% / 1h	34m 51s	$17K	$82K	7x
Short	HTX XRP-USDT	1.5121	0.0100	get 0.0100% / 8h	4h 34m	$49.5M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$12.6
Price spread: +0.092% → 0.000%: $9.16
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.44
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; HTX: 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 HTX live order book, 4 min ago	0.13 bp	9.3 bp −$9	11.3 bp −$113	31.7 bp −$3,174	161.2 bp −$80.6K

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	1.5122	+0.096%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5133	+0.169%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5146	+0.252%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.347%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5130	+0.151%	$253K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.995%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0029%	1h	1.5130	+0.146%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5143	+0.235%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5136	+0.188%	$7.7M	$25.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0082%	8h	1.5133	+0.168%	$62K	$934K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5136	+0.188%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5137	+0.195%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5135	+0.182%	$9K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5143	+0.238%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5135	+0.182%	$281.0M	$225.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5131	+0.155%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5141	+0.221%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5129	+0.140%	$533.1M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	+0.155%	$344.4M	$932.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5129	+0.142%	$125.9M	$873.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5140	+0.215%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5137	+0.195%	$110K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	+0.253%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5129	+0.142%	$368.9M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5132	+0.162%	$289.4M	$898.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5132	+0.159%	$107.7M	$174.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5125	+0.115%	$267.5M	$384.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5131	+0.155%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5103	−0.031%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5150	+0.280%	$659K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5145	+0.248%	$1.1M	$35.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5142	+0.228%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5140	+0.215%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5132	+0.163%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5133	+0.169%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.249%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	+0.168%	$29K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5121	+0.092%	$49.5M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5135	+0.182%	$54.0M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5136	+0.190%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5134	+0.176%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5125	+0.114%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5131	+0.155%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-Plong	+0.0160%	1h	1.5108	long leg	$17K	$82K	7x
Backpack XRP_USDC_PERP	+0.0161%	1h	1.5143	+0.235%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5139	+0.208%	$5.6M	$47.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5131	+0.156%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5134	+0.175%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5135	+0.182%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5144	+0.239%	$516K	$778K	10x	as long as short
Aftermath Perps XRPUSD	+0.0651%	1h	1.5147	+0.262%	$2K	$15K	10x	as long as short