Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.004%

Price spread now: Hibachi against BloFin−0.015%47s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.095%+$10 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.095%, so the current rate has only just turned against you. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5395	0.0220	pay 0.0220% / 8h	6h 09m	$23.8M	$79.1M	125x
Short	Hibachi XRP/USDT-P	1.5393	0.0104	get 0.0013% / 1h	9m 38s	$17K	$76K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against BloFin. 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 BloFinbpFee HibachibpOrdersPrice spread, now −0.015%Rate

Funding earned: −$24.36
Price spread: −0.015% → 0.000%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$46.83
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BloFin live order book, 3 min ago	0.97 bp	7.0 bp −$7	7.9 bp −$79	13.6 bp −$1,364	26.8 bp −$13.4K
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 50 exchanges

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	1.5392	−0.019%	$5K	$4K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5384	−0.074%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5390	−0.032%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5392	−0.019%	$244K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0015%	1h	1.5389	−0.037%	$14.1M	$72.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.072%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5386	−0.058%	$9K	$1K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5382	−0.084%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5387	−0.052%	$605K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5385	−0.064%	$480K	$48K	50x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5383	−0.078%	$10K	$396K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5380	−0.094%	$1.0M	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5386	−0.058%	$39.5M	$82.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5385	−0.065%	$592K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5383	−0.078%	$536.3M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5382	−0.084%	$363.4M	$897.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5382	−0.084%	$124.8M	$844.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5406	+0.071%	$566K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5394	−0.006%	$165K	$691K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5353	−0.275%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5384	−0.071%	$380.0M	$161.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5381	−0.091%	$316.3M	$919.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5383	−0.079%	$106.7M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5383	−0.078%	$272.8M	$359.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5384	−0.071%	—	$103.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5387	−0.052%	$5.2M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	−0.016%	$669K	$110.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5390	−0.031%	$1.1M	$31.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5400	+0.032%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5389	−0.042%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5382	−0.084%	$53K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5389	−0.039%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5385	−0.065%	$76K	$607K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5387	−0.053%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5387	−0.052%	$31K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5382	−0.087%	$50.2M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5394	−0.006%	$54.9M	$33.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5376	−0.121%	$2.2M	$6.1M	50x	as long as short
Hibachi XRP/USDT-Pshort	+0.0104%	1h	1.5393	−0.015%	$17K	$76K	7x
Aevo XRP-PERP	+0.0104%	1h	1.5383	−0.078%	$59K	$25K	3x	as long as short
Hyperliquid XRP	+0.0110%	1h	1.5394	−0.006%	$299.5M	$266.2M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5390	−0.032%	$5.5M	$45.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0149%	8h	1.5393	−0.013%	$1.9M	$34.5M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0157% / S −0.0325%	1h	1.5391	−0.025%	$610K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5401	+0.039%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5395	long leg	$23.8M	$79.1M	125x
Reya XRPRUSDPERP	+0.0223%	1h	1.5377	−0.115%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5392	−0.016%	$514K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0450%	1h	1.5388	−0.045%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5410	+0.097%	$69K	$109K	15x	as long as short