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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.041%
Price spread now: Hibachi against Pacifica+0.103%7-day average · you sell dearer than you buy
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 7 days+0.220%+$22 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropPacifica: Active · Hibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Hibachi is 0.103% dearer against Pacifica than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica XRP1.51580.0100pay 0.0013% / 1h16m 34s$608K$1.1M20x
ShortHibachi XRP/USDT-P1.51740.0280get 0.0035% / 1h16m 34s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Pacifica. 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
$37.8
Price spread: +0.103% → 0.000%
$10.33
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$31.13
Costs to cover
0.170%
Break-even
1.2 days
Slippage unknown: Pacifica: live order book, 2 min ago; 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 Pacifica live order book, 2 min ago1.65 bp6.2 bp −$69.3 bp −$93doesn't fitdoesn't fit
Sell Hibachi no order-book sample
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%1h1.5167+0.057%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5150−0.053%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5171+0.083%$259K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5178+0.129%$7.8M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5177+0.121%$14.4M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.649%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5171+0.081%$796K200xas long as short
Lighter XRP+0.0096%1h1.5158−0.003%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5161+0.017%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5155−0.022%$9K$351K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5156−0.013%$976K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5156−0.014%$38.9M$85.7M100xas long as short
Pacifica XRPlong+0.0100%1h1.5158long leg$608K$1.1M20x
Binance XRPUSDT+0.0100%8h1.5157−0.006%$535.2M$2.16B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5157−0.009%$344.9M$945.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5157−0.009%$126.0M$884.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5163+0.030%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5164+0.037%$137K$721K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164+0.040%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5162+0.024%$372.4M$156.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5160+0.011%$296.1M$907.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5158−0.002%$109.3M$178.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5154−0.029%$269.0M$390.6M125xas long as short
BingX XRP-USDC+0.0100%8h1.5160+0.011%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5187+0.188%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5180+0.145%$659K$110.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5170+0.076%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5163+0.030%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5157−0.011%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5159+0.004%$45K$479K20xas long as short
Bullet XRP-USD+0.0100%1h1.5171+0.083%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5172+0.090%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5173+0.099%$816K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5178+0.130%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5175+0.110%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5174+0.100%$49.6M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5167+0.057%$54.0M$31.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5161+0.020%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5158−0.001%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5171+0.085%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5163+0.030%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5181+0.149%$5.7M$48.1M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5151−0.047%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5163+0.030%$24.2M$75.7M125xas long as short
Kalshi KXXRPPERP+0.0250%8h1.5182+0.156%$1.9M$35.3M2.9xas long as short
Backpack XRP_USDC_PERP+0.0253%1h1.5170+0.077%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-Pshort+0.0280%1h1.5174+0.103%$17K$82K7x
RISEx XRP/USDC+0.0358%1h1.5162+0.022%$516K$776K10xas long as short
Hyperliquid XRP+0.0408%1h1.5169+0.070%$298.1M$251.4M20xas long as short
Phoenix XRP+0.0528%1h1.5190+0.208%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0648%1h1.5178+0.131%$2K$15K10xas long as short