Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.040%
Price spread now: Phemex against Hibachi+0.066%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.286%−$29 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.066% dearer against Hibachi than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5386 | 0.0104 | pay 0.0013% / 1h | 15m 03s | $17K | $76K | 7x |
| Short | Phemex XRPUSDT | 1.5396 | 0.0100 | get 0.0100% / 8h | 6h 15m | $54.9M | $33.3M | 50x |
Hibachi XRP/USDT-P
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- −$0.84
- Price spread: +0.066% → 0.000%
- $6.57
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$15.27
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Phemex: live order book, 2 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 Phemex live order book, 2 min ago | 0.32 bp | 11.7 bp −$12 | 13.5 bp −$135 | 30.5 bp −$3,052 | 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 50 exchanges
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 | 1.5377 | −0.058% | $5K | $4K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5379 | −0.044% | $1.1M | $155K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5398 | +0.079% | $7.9M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5384 | −0.015% | $250K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0015% | 1h | 1.5391 | +0.034% | $14.2M | $72.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.132% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0048% | 1h | 1.5398 | +0.079% | $9K | $2K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5395 | +0.057% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5400 | +0.092% | $606K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5382 | −0.024% | $480K | $51K | 50x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRP
Paradex XRP-USD-PERPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5390 | +0.027% | $10K | $396K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5393 | +0.043% | $1.0M | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5404 | +0.115% | $39.6M | $82.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5383 | −0.020% | $590K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5404 | +0.118% | $537.2M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5400 | +0.092% | $363.6M | $899.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5397 | +0.072% | $124.8M | $846.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5340 | −0.298% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5400 | +0.092% | $165K | $692K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5353 | −0.216% | $1.6M | $25K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5396 | +0.066% | $380.4M | $160.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5393 | +0.046% | $315.2M | $917.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5394 | +0.055% | $107.0M | $182.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5399 | +0.085% | $272.7M | $359.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5394 | +0.053% | — | $103.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5377 | −0.056% | $5.1M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5350 | −0.230% | $667K | $111.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5372 | −0.087% | $1.1M | $31.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5360 | −0.168% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5393 | +0.044% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5399 | +0.085% | $53K | $479K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5397 | +0.070% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5397 | +0.072% | $68K | $600K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5382 | −0.027% | $129K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5390 | +0.027% | $31K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5372 | −0.093% | $50.1M | $14.2M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5396 | +0.066% | $54.9M | $33.3M | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5394 | +0.051% | $2.1M | $5.8M | 50x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0104% | 1h | 1.5386 | long leg | $17K | $76K | 7x | |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5389 | +0.021% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0120% | 1h | 1.5400 | +0.092% | $5.5M | $45.7M | 50x | as long as short |
| Hyperliquid XRP | +0.0130% | 1h | 1.5408 | +0.144% | $299.4M | $268.6M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0152% | 8h | 1.5397 | +0.072% | $1.9M | $34.3M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0155% / S −0.0126% | 1h | 1.5382 | −0.023% | $801K | — | 200x | as long as short |
| Backpack XRP_USDC_PERP | +0.0199% | 1h | 1.5406 | +0.131% | $2.0M | $1.3M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5391 | +0.033% | $23.9M | $79.2M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0222% | 1h | 1.5393 | +0.049% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0272% | 1h | 1.5398 | +0.082% | $514K | $786K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0465% | 1h | 1.5381 | −0.032% | $3K | $14K | 10x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5350 | −0.233% | $69K | $109K | 15x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Extended XRP-USD
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD
Phoenix XRP