Funding you earn now, next payment 03:00 UTC+0.0033%/8h= +3.6% APRnext payment +$0.04 per $10,000 · paid last 24h −0.020%
Price spread now: Kraken Futures against Hibachi+0.130%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−0.195%−$19 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 Kraken Futures is 0.130% dearer against Hibachi than usual: you sell high and buy low: +$13 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 −0.195%, 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 | 1.5163 | 0.0240 | pay 0.0030% / 1h | 24m 34s | $17K | $82K | 7x |
| Short | Kraken Futures PF_XRPUSD | 1.5183 | 0.0273 | get 0.0034% / 1h | 24m 34s | $14.5M | $73.1M | 50x |
Hibachi XRP/USDT-P
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $6.87
- Price spread: +0.130% → 0.000%
- $13
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $0.87
- Costs to cover
- 0.190%
- Break-even
- 6.1 days
Slippage unknown: Hibachi: no order-book sample; Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago | 1.32 bp | 6.9 bp −$7 | 12.5 bp −$125 | 21.1 bp −$2,111 | 45.3 bp −$22.6K |
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 | 1.5195 | +0.210% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5191 | +0.184% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5181 | +0.119% | $254K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5187 | +0.157% | $7.7M | $25.3M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.617% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0035% / S +0.0042% | 1h | 1.5181 | +0.114% | $820K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5196 | +0.216% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0076% | 8h | 1.5185 | +0.144% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5193 | +0.193% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5194 | +0.203% | $513K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5183 | +0.131% | $10K | $309K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5194 | +0.206% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5202 | +0.256% | $281.8M | $221.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5194 | +0.206% | $38.5M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5196 | +0.216% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5197 | +0.223% | $538.3M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5198 | +0.229% | $345.1M | $927.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5201 | +0.249% | $126.0M | $867.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5180 | +0.111% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5195 | +0.210% | $114K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5183 | +0.128% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5192 | +0.190% | $370.0M | $152.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5192 | +0.190% | $294.8M | $900.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5194 | +0.204% | $109.1M | $171.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5192 | +0.190% | $268.8M | $379.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5193 | +0.197% | — | $126.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5159 | −0.025% | $5.8M | $36.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5149 | −0.096% | $658K | $107.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5155 | −0.054% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5151 | −0.080% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5180 | +0.111% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5184 | +0.137% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5183 | +0.133% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5186 | +0.151% | $817K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5190 | +0.174% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5185 | +0.144% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5185 | +0.146% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5183 | +0.131% | $54.0M | $30.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5196 | +0.215% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5187 | +0.159% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5185 | +0.141% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0183% | 1h | 1.5192 | +0.190% | $1.9M | $1.3M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5182 | +0.121% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5192 | +0.190% | $5.6M | $46.5M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5182 | +0.124% | $24.2M | $75.0M | 125x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0240% | 1h | 1.5163 | long leg | $17K | $82K | 7x | |
| Kraken Futures PF_XRPUSDshort | +0.0273% | 1h | 1.5183 | +0.130% | $14.5M | $73.1M | 50x | |
| Kalshi KXXRPPERP | +0.0351% | 8h | 1.5181 | +0.117% | $2.1M | $34.9M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5196 | +0.219% | $517K | $776K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5180 | +0.111% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0683% | 1h | 1.5176 | +0.081% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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-USDT
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
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD