Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.041%

Price spread now: KuCoin against Hibachi−0.036%7-day average — · you buy dearer than you sell

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

Long on Hibachi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.293%−$29 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.036% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5181	0.0264	pay 0.0033% / 1h	38m 51s	$17K	$82K	7x
Short	KuCoin XRPUSDTM	1.5176	0.0100	get 0.0100% / 8h	3h 38m	$108.9M	$177.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Hibachi. 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 HibachibpFee KuCoinbpOrdersPrice spread, now −0.036%Rate

Funding earned: −$34.44
Price spread: −0.036% → 0.000%: −$3.58
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$59.02
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	0.03 bp	10.1 bp −$10	12.4 bp −$124	35.9 bp −$3,590	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	1.5178	−0.021%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	−0.026%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5169	−0.079%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5175	−0.041%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5173	−0.052%	$14.4M	$74.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.495%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0012%	1h	1.5169	−0.078%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5191	+0.062%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5178	−0.021%	$497K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5182	+0.005%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5170	−0.074%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5176	−0.031%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5170	−0.072%	$38.3M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5178	−0.023%	$605K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5183	+0.012%	$533.4M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5186	+0.031%	$346.1M	$941.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5186	+0.031%	$127.1M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.199%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5184	+0.018%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.144%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5178	−0.021%	$370.5M	$154.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5177	−0.028%	$293.3M	$900.6M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5176	−0.036%	$108.9M	$177.0M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5184	+0.018%	$269.0M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5172	−0.061%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5173	−0.055%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.130%	$658K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5181	−0.002%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5209	+0.183%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5178	−0.019%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5183	+0.012%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5174	−0.048%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5173	−0.053%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5182	+0.008%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5173	−0.054%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5177	−0.029%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5174	−0.048%	$54.1M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5179	−0.015%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5173	−0.053%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	−0.074%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5189	+0.051%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5178	−0.021%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5178	−0.020%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	−0.074%	$24.2M	$76.0M	125x	as long as short
Hibachi XRP/USDT-Plong	+0.0264%	1h	1.5181	long leg	$17K	$82K	7x
Kalshi KXXRPPERP	+0.0277%	8h	1.5177	−0.028%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5178	−0.021%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0325%	1h	1.5201	+0.130%	$292.2M	$235.3M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5185	+0.027%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5170	−0.074%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0666%	1h	1.5190	+0.055%	$2K	$15K	10x	as long as short