Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0228%/8h= +25.0% APRnext payment +$0.29 per $10,000 · paid last 24h +0.035%
Price spread now: Hibachi against Ondo Perps−0.009%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 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropOndo Perps: Active · Hibachi: Active · farm boardneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XRP-USD.P1.50900.0100pay 0.0013% / 1h37m 07s$562K$28K5x
ShortHibachi XRP/USDT-P1.50890.0328get 0.0041% / 1h37m 07s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Ondo Perps. 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
$47.88
Price spread: −0.009% → 0.000%
−$0.87
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$33.01
Costs to cover
0.140%
Break-even
2.2 days
Slippage unknown: Ondo Perps: no order-book sample; Hibachi: 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 Ondo Perps no order-book sample
Sell Hibachi no order-book sample
Ondo Perps and 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5078−0.080%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5091+0.006%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5100+0.066%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5082−0.056%$252K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0021% / S +0.0063%1h1.5088−0.013%$827K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.115%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5088−0.012%$14.6M$72.9M50xas long as short
Orderly PERP_XRP_USDC+0.0070%8h1.5083−0.046%$57K$945K50xas long as short
Lighter XRP+0.0096%1h1.5088−0.016%$2.8M$14.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5092+0.013%$515K$3.3M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5092+0.013%$10K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5098+0.056%$795K$5.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5098+0.055%$38.4M$84.5M100xas long as short
Pacifica XRP+0.0100%1h1.5104+0.090%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5089−0.004%$535.9M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5092+0.013%$339.2M$945.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5095+0.033%$123.3M$871.0M100xas long as short
Ondo Perps XRP-USD.Plong+0.0100%1h1.5090long leg$562K$28K5x
Arcus XRP-USD+0.0100%1h1.5102+0.080%$115K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5183+0.615%$1.6M$305K20xas long as short
Gate XRP_USDT+0.0100%8h1.5094+0.027%$366.1M$151.1M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5092+0.013%$287.1M$906.1M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5086−0.025%$106.4M$172.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5099+0.060%$265.0M$385.8M125xas long as short
BingX XRP-USDC+0.0100%8h1.5092+0.013%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5098+0.054%$6.2M$35.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5093+0.020%$655K$108.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5084−0.042%$1.1M$38.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5108+0.119%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5096+0.043%$12K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5100+0.066%$45K$452K20xas long as short
Bullet XRP-USD+0.0100%1h1.5097+0.046%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5085−0.033%$812K$79K10xas long as short
SunX XRP-USDT+0.0100%8h1.5100+0.066%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5091+0.007%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5088−0.011%$49.4M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5092+0.013%$53.6M$29.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5103+0.088%$471K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5084−0.042%$2.0M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5083−0.047%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0144%1h1.5102+0.080%$8K$8K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0148%1h1.5091+0.007%$7.6M$25.4M50xas long as short
Hyperliquid XRP+0.0196%1h1.5111+0.139%$279.4M$220.8M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5095+0.035%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5093+0.020%$5.7M$46.5M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5193+0.683%$24.0M$75.2M125xas long as short
Hibachi XRP/USDT-Pshort+0.0328%1h1.5089−0.009%$17K$82K7x
Backpack XRP_USDC_PERP+0.0330%1h1.5105+0.099%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0340%8h1.5097+0.046%$2.1M$36.1M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5106+0.103%$535K$783K10xas long as short
Aftermath Perps XRPUSD+0.0805%1h1.5109+0.126%$2K$14K10xas long as short