Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.038%

Price spread now: Hibachi against Bybit−0.248%7-day average — · you buy dearer than you sell

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

Long on Bybit Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 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

Funding pays, the price is against you. Hibachi is 0.248% cheaper against Bybit than usual: you would sell low and buy high (spread −0.248% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$25 on $10k: about 3.8 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5129	0.0100	pay 0.0100% / 8h	5h 52m	$342.0M	$924.5M	100x
Short	Hibachi XRP/USDT-P	1.5091	0.0320	get 0.0040% / 1h	52m 33s	$17K	$81K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against Bybit. 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 BybitbpFee HibachibpOrdersPrice spread, now −0.248%Rate

Funding earned: $46.2
Price spread: −0.248% → 0.000%: −$24.79
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $1.41
Costs to cover: 0.200%
Break-even: 6.8 days

Slippage unknown: Bybit: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bybit live order book, 2 min ago	0.33 bp	6.4 bp −$6	7.2 bp −$72	12.5 bp −$1,251	25.5 bp −$12.8K
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 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	1.5089	−0.264%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5128	−0.004%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5117	−0.077%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0026% / S +0.0050%	1h	1.5116	−0.084%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.849%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5123	−0.040%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5126	−0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	+0.017%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5131	+0.013%	$509K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5112	−0.112%	$9K	$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	1.5098	−0.202%	$985K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5137	+0.053%	$279.6M	$219.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5130	+0.008%	$38.3M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5131	+0.013%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5129	+0.002%	$536.5M	$2.09B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5129	long leg	$342.0M	$924.5M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	+0.013%	$124.8M	$862.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5072	−0.377%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5131	+0.013%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.281%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	−0.013%	$368.9M	$150.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5128	−0.007%	$293.2M	$891.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5128	−0.007%	$106.6M	$170.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5125	−0.026%	$266.5M	$379.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5129	0.000%	—	$126.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	+0.093%	$6.1M	$35.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5094	−0.228%	$655K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	−0.093%	$1.1M	$35.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5094	−0.231%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5103	−0.172%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5105	−0.159%	$41K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5119	−0.065%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5126	−0.023%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5110	−0.126%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5122	−0.046%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5108	−0.138%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5123	−0.040%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	−0.001%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5125	−0.028%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5121	−0.052%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0213%	1h	1.5125	−0.026%	$7.7M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5104	−0.165%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5128	−0.007%	$5.6M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0229%	1h	1.5133	+0.026%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5120	−0.060%	$14.5M	$72.8M	50x	as long as short
Hibachi XRP/USDT-Pshort	+0.0320%	1h	1.5091	−0.248%	$17K	$81K	7x
Kalshi KXXRPPERP	+0.0356%	8h	1.5110	−0.126%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5129	−0.001%	$527K	$787K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5100	−0.192%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0742%	1h	1.5113	−0.104%	$2K	$14K	10x	as long as short