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

XRP

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC+0.0216%/8h= +23.7% APRnext payment +$0.27 per $10,000 · paid last 24h +0.034%
Price spread now: Hibachi against Extended−0.027%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 airdropExtended: Active · Hibachi: Active · farm boardneeds both histories
Funding pays, the price is against you. Hibachi is 0.027% cheaper against Extended than usual: you would sell low and buy high (spread −0.027% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 10 hours of funding at the current rate (+$6 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XRP-USD1.51320.0104pay 0.0013% / 1h15m 00s$2.0M$6.9M50x
ShortHibachi XRP/USDT-P1.51280.0320get 0.0040% / 1h15m 00s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Extended. 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
$45.36
Price spread: −0.027% → 0.000%
−$2.71
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$28.65
Costs to cover
0.140%
Break-even
2.6 days
Slippage unknown: Extended: live order book, 4 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 Extended live order book, 4 min ago0.33 bp2.8 bp −$34.0 bp −$40doesn'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 50 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%1h1.5121−0.071%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5121−0.071%$1.1M$110K10xas long as short
Phoenix XRP0.0000%1h1.5160+0.186%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5126−0.042%$253K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0022% / S +0.0056%1h1.5124−0.050%$799K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.830%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5127−0.031%$14.5M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0072%8h1.5128−0.025%$62K$953K50xas long as short
Lighter XRP+0.0096%1h1.51320.000%$2.8M$14.3M20xas long as short
Lighter RH XRP+0.0096%1h1.5131−0.005%$510K$3.3M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5118−0.091%$10K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5126−0.041%$935K$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5130−0.015%$38.4M$84.2M100xas long as short
Pacifica XRP+0.0100%1h1.5128−0.025%$607K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5131−0.008%$536.9M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5131−0.005%$340.7M$940.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5134+0.015%$124.1M$872.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5130−0.012%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5132+0.001%$114K$700K20xas long as short
Bulk XRP-USD+0.0100%1h1.5125−0.048%$1.6M$257K20xas long as short
Gate XRP_USDT+0.0100%8h1.5127−0.032%$368.0M$152.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5137+0.034%$290.7M$916.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5128−0.025%$106.9M$171.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5134+0.015%$266.6M$384.7M125xas long as short
BingX XRP-USDT+0.0100%8h1.5129−0.018%$126.9Mas long as short
Variational Omni XRP+0.0100%8h1.5120−0.080%$6.2M$35.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5134+0.014%$657K$109.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5152+0.137%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5134+0.015%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5130−0.012%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5131−0.005%$44K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5129−0.017%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5131−0.006%$814K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5133+0.011%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5129−0.018%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5130−0.011%$49.6M$15.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5130−0.012%$53.8M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5129−0.015%$472K$55K50xas long as short
Extended XRP-USDlong+0.0104%1h1.5132long leg$2.0M$6.9M50x
Aevo XRP-PERP+0.0104%1h1.5127−0.030%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5132+0.001%$8K$8K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0147%1h1.5131−0.005%$7.6M$25.3M50xas long as short
Hyperliquid XRP+0.0183%1h1.5139+0.048%$280.1M$222.3M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5127−0.032%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5135+0.021%$5.7M$46.6M50xas long as short
Hibachi XRP/USDT-Pshort+0.0320%1h1.5128−0.027%$17K$82K7x
Backpack XRP_USDC_PERP+0.0334%1h1.5136+0.028%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0361%8h1.5126−0.038%$2.1M$35.6M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5133+0.009%$529K$787K10xas long as short
Aftermath Perps XRPUSD+0.0767%1h1.5139+0.051%$2K$14K10xas long as short