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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0305%/8h= +33.4% APRnext payment +$0.38 per $10,000 · paid last 24h +0.119%
Price spread now: Hibachi against GMX+0.145%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 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Hibachi is 0.145% dearer against GMX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX XRP/USD [ETH-USDC]1.5340L +0.0015% / S +0.0077%pay 0.0002% / 1h22m 11s$841K200x
ShortHibachi XRP/USDT-P1.53630.0320get 0.0040% / 1h22m 11s$17K$81K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against GMX. 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
$63.99
Price spread: +0.145% → 0.000%
$14.52
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$57.51
Costs to cover
0.210%
Break-even
0.7 days
Slippage unknown: GMX: 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 GMX no order-book sample
Sell Hibachi no order-book sample
GMX 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%1h1.5347+0.043%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5358+0.112%$1.1M$112K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5341+0.002%$257K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0011%1h1.5341+0.004%$9.3M$25.1M50xas long as short
GMX XRP/USD [ETH-USDC]longL +0.0015% / S +0.0077%1h1.5340long leg$841K200x
Injective XRP/USDC PERP+0.0033%1h1.5560+1.432%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0063%8h1.5340−0.002%$58K$935K50xas long as short
01 Exchange XRPUSD+0.0080%1h1.5334−0.041%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5340−0.003%$2.8M$14.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5343+0.017%$515K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5340−0.002%$10K$279K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5346+0.035%$478K$55K50xas long as short
Nado XRP-PERP+0.0100%1h1.5346+0.040%$1.0M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5343+0.017%$38.8M$83.5M100xas long as short
Pacifica XRP+0.0100%1h1.5354+0.086%$621K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5335−0.036%$541.4M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5331−0.061%$342.2M$920.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5332−0.054%$124.8M$867.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5316−0.159%$571K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5349+0.057%$118K$711K20xas long as short
Bulk XRP-USD+0.0100%1h1.5334−0.039%$1.7M$381K20xas long as short
Gate XRP_USDT+0.0100%8h1.5342+0.011%$375.6M$150.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5345+0.030%$311.3M$906.9M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5341+0.006%$108.8M$165.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5339−0.009%$268.6M$375.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5345+0.030%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5352+0.076%$6.3M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5361+0.137%$667K$107.3M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5372+0.206%$1.1M$38.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5350+0.063%$1.2M$996K50xas long as short
Vest XRP-PERP+0.0100%1h1.5344+0.021%$9K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5344+0.024%$49K$443K20xas long as short
Bullet XRP-USD+0.0100%1h1.5345+0.033%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5341+0.006%$826K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5348+0.049%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5337−0.022%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5351+0.068%$50.3M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5337−0.022%$54.5M$29.6M50xas long as short
Extended XRP-USD+0.0104%1h1.5335−0.034%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5338−0.015%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5338−0.013%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5354+0.089%$24.1M$73.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5344+0.024%$5.8M$46.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0244%1h1.5336−0.029%$14.6M$70.2M50xas long as short
Backpack XRP_USDC_PERP+0.0296%1h1.5361+0.135%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0312%8h1.5359+0.122%$2.1M$34.8M2.9xas long as short
Hibachi XRP/USDT-Pshort+0.0320%1h1.5363+0.145%$17K$81K7x
Hyperliquid XRP+0.0387%1h1.5355+0.096%$289.7M$214.5M20xas long as short
Phoenix XRP+0.0520%1h1.5350+0.063%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0791%1h1.5348+0.049%$2K$12K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5346+0.035%$543K$773K10xas long as short