Funding you earn now, next payment 06:00 UTC−0.0232%/8h= −25.4% APRnext payment −$0.29 per $10,000 · paid last 24h −0.068%
Price spread now: Deribit against Hibachi−0.038%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.156%−$16 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Deribit is 0.038% cheaper against Hibachi than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.156% in total (about -8.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5088 | 0.0232 | pay 0.0029% / 1h | 44m 44s | $17K | $82K | 7x |
| Short | Deribit XRP_USDC-PERPETUAL | 1.5082 | 0 | get 0.0000% / 1h | 44m 44s | $7.7M | $25.6M | 50x |
Hibachi XRP/USDT-P
Deribit XRP_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Hibachi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$48.72
- Price spread: −0.038% → 0.000%
- −$3.79
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$68.51
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Deribit: live order book, 4 min ago. 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 4 min ago | 0.33 bp | 4.5 bp −$4 | 7.4 bp −$74 | 46.5 bp −$4,653 | doesn't fit |
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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5088 | +0.002% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5081 | −0.041% | $14.3M | $75.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5092 | +0.027% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5110 | +0.148% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUALshort | 0.0000% | 1h | 1.5082 | −0.038% | $7.7M | $25.6M | 50x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5084 | −0.025% | $257K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.130% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5091 | +0.022% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5085 | −0.015% | $791K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5090 | +0.015% | $2.8M | $14.8M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5090 | +0.015% | $496K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5084 | −0.025% | $10K | $356K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5087 | −0.006% | $937K | $6.2M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5092 | +0.028% | $290.2M | $258.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5088 | +0.001% | $38.7M | $86.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5092 | +0.029% | $605K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5089 | +0.008% | $530.8M | $2.18B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5088 | +0.002% | $341.2M | $951.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5089 | +0.009% | $125.3M | $888.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5111 | +0.154% | $562K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5086 | −0.011% | $137K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5114 | +0.174% | $1.6M | $29K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5089 | +0.009% | $371.4M | $155.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5090 | +0.015% | $294.4M | $906.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5087 | −0.003% | $107.5M | $179.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5083 | −0.031% | $267.5M | $393.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5083 | −0.031% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5084 | −0.026% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5099 | +0.078% | $656K | $111.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5088 | +0.004% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5107 | +0.128% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5092 | +0.028% | $50K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5086 | −0.010% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5080 | −0.051% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5078 | −0.064% | $811K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5095 | +0.046% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5078 | −0.064% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5090 | +0.012% | $49.3M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5082 | −0.038% | $53.7M | $31.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5088 | +0.003% | $470K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5089 | +0.008% | — | $11K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5082 | −0.041% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5077 | −0.071% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0136% | 8h | 1.5094 | +0.042% | $1.8M | $35.6M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0180% | 1h | 1.5088 | +0.002% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5087 | −0.005% | $5.6M | $48.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5088 | +0.001% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5089 | +0.009% | $24.1M | $75.8M | 125x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0232% | 1h | 1.5088 | long leg | $17K | $82K | 7x | |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5085 | −0.017% | $514K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0623% | 1h | 1.5107 | +0.126% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD