XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.27 per $10,000 · paid last 24h −0.038%

Price spread now: Polymarket Perps against Hibachi+0.031%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 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. Polymarket Perps is 0.031% dearer against Hibachi than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5109	0.0312	pay 0.0039% / 1h	47m 51s	$17K	$82K	7x
Short	Polymarket Perps XRP-USD	1.5114	0.0100	get 0.0013% / 1h	47m 51s	$41K	$447K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$44.52
Price spread: +0.031% → 0.000%: $3.06
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$58.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Polymarket Perps: live order book, 15 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 Polymarket Perps live order book, 15 min ago	0.99 bp	7.4 bp −$7	8.8 bp −$88	doesn't fit	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 50 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	1.5105	−0.029%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5102	−0.046%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5106	−0.022%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0027% / S +0.0049%	1h	1.5107	−0.019%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.982%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5112	+0.017%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5110	+0.004%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5120	+0.073%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5124	+0.097%	$508K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5103	−0.042%	$10K	$305K	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5110	+0.007%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5114	+0.031%	$279.8M	$220.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5108	−0.009%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5110	+0.005%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5104	−0.038%	$535.4M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5103	−0.042%	$342.0M	$924.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5105	−0.029%	$124.9M	$862.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5113	+0.024%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5115	+0.037%	$116K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.151%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5104	−0.036%	$368.5M	$150.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5105	−0.029%	$292.6M	$893.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5108	−0.006%	$106.5M	$170.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5101	−0.055%	$265.9M	$379.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5103	−0.042%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5141	+0.206%	$6.0M	$36.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5102	−0.047%	$657K	$108.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5143	+0.219%	$1.1M	$35.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5108	−0.009%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5111	+0.013%	—	$11K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5114	+0.031%	$41K	$447K	20x
Bullet XRP-USD	+0.0100%	1h	1.5111	+0.014%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5113	+0.027%	$813K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5126	+0.113%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5115	+0.037%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5113	+0.026%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5123	+0.090%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5113	+0.026%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5105	−0.027%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5111	+0.010%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0147%	1h	1.5119	+0.064%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5110	+0.003%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5123	+0.090%	$5.6M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0224%	1h	1.5117	+0.050%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5115	+0.040%	$14.4M	$72.8M	50x	as long as short
Hibachi XRP/USDT-Plong	+0.0312%	1h	1.5109	long leg	$17K	$82K	7x
Kalshi KXXRPPERP	+0.0356%	8h	1.5116	+0.044%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5112	+0.015%	$526K	$769K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	+0.137%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0717%	1h	1.5115	+0.035%	$2K	$14K	10x	as long as short