Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0156%/8h= −17.1% APRpaid last 24h −0.041%

Price spread now: OKX against Hibachi+0.045%7-day average — · you sell dearer than you buy

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

Long on Hibachi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$27 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

The price spread pays, funding is against you. OKX is 0.045% dearer against Hibachi than usual: you sell high and buy low (spread +0.045% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5170	0.0256	pay 0.0032% / 1h	39m 50s	$17K	$82K	7x
Short	OKX XRP-USDT-SWAP	1.5177	0.0100	get 0.0100% / 8h	3h 39m	$127.1M	$887.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$32.76
Price spread: +0.045% → 0.000%: $4.5
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.26
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; OKX: 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 OKX live order book, 4 min ago	0.33 bp	5.7 bp −$6	7.4 bp −$74	12.9 bp −$1,293	28.8 bp −$14.4K

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	+0.052%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	+0.047%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5176	+0.038%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5179	+0.058%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5174	+0.028%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.570%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0013%	1h	1.5176	+0.037%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5178	+0.052%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5180	+0.065%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5173	+0.019%	$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	1.5176	+0.038%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5177	+0.043%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5178	+0.050%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5179	+0.058%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5174	+0.025%	$533.1M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5180	+0.065%	$345.9M	$942.0M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5177	+0.045%	$127.1M	$887.0M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.126%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.071%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.217%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5175	+0.032%	$370.4M	$154.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5180	+0.065%	$293.1M	$900.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5183	+0.082%	$108.9M	$177.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5175	+0.032%	$268.8M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5171	+0.005%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5173	+0.018%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5203	+0.216%	$661K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.203%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5209	+0.256%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5179	+0.061%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	+0.091%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.052%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	+0.065%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5182	+0.081%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	+0.032%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5179	+0.060%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5176	+0.038%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5177	+0.046%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5178	+0.053%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5175	+0.034%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5183	+0.085%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5182	+0.078%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5181	+0.069%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.038%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-Plong	+0.0256%	1h	1.5170	long leg	$17K	$82K	7x
Kalshi KXXRPPERP	+0.0277%	8h	1.5186	+0.104%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0289%	1h	1.5185	+0.098%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0320%	1h	1.5189	+0.124%	$292.0M	$235.3M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5183	+0.087%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5170	−0.001%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5190	+0.130%	$2K	$15K	10x	as long as short