XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0196%/8h= −21.5% APRnext payment −$0.24 per $10,000 · paid last 24h −0.034%

Price spread now: Polymarket Perps against Hibachi+0.031%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 Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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. Polymarket Perps is 0.031% dearer against Hibachi than usual: you sell high and buy low (spread +0.031% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hibachi XRP/USDT-P	1.5295	0.0296	pay 0.0037% / 1h	47m 25s	$17K	$82K	7x
Short	Polymarket Perps XRP-USD	1.5300	0.0100	get 0.0013% / 1h	47m 25s	$48K	$443K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$41.16
Price spread: +0.031% → 0.000%: $3.1
Slippage, 4 orders: no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$55.06
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Hibachi: no order-book sample; Polymarket Perps: live order book, 25 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 Polymarket Perps live order book, 25 min ago	1.63 bp	5.6 bp −$6	8.3 bp −$83	doesn't fit	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	1.5311	+0.103%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5297	+0.013%	$1.1M	$113K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5305	+0.064%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0010% / S +0.0085%	1h	1.5301	+0.039%	$839K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.731%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5297	+0.011%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0077%	1h	1.5299	+0.024%	$9.3M	$25.5M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5302	+0.044%	$2.8M	$13.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5304	+0.057%	$511K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5300	+0.031%	$11K	$276K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5298	+0.019%	$477K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5297	+0.015%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5298	+0.018%	$38.7M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5304	+0.057%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5306	+0.071%	$537.8M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5299	+0.024%	$340.2M	$929.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5300	+0.031%	$124.7M	$877.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5292	−0.021%	$572K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5302	+0.044%	$116K	$710K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5306	+0.067%	$1.6M	$562K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5295	−0.002%	$372.2M	$148.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5301	+0.038%	$296.4M	$895.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5297	+0.010%	$108.5M	$167.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5296	+0.005%	$267.8M	$376.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5306	+0.070%	—	$123.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5329	+0.221%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5308	+0.080%	$665K	$107.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5305	+0.067%	$1.1M	$39.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5310	+0.096%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5297	+0.012%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5300	+0.031%	$48K	$443K	20x
Bullet XRP-USD	+0.0100%	1h	1.5305	+0.064%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5297	+0.011%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5300	+0.029%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5293	−0.015%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5291	−0.026%	$50.2M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5295	−0.002%	$54.4M	$29.7M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5296	+0.007%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5303	+0.051%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5295	−0.002%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5296	+0.007%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5308	+0.083%	$23.9M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5297	+0.011%	$5.8M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0238%	1h	1.5303	+0.051%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5290	−0.037%	$14.5M	$70.6M	50x	as long as short
Hibachi XRP/USDT-Plong	+0.0296%	1h	1.5295	long leg	$17K	$82K	7x
Kalshi KXXRPPERP	+0.0316%	8h	1.5307	+0.077%	$2.0M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0419%	1h	1.5312	+0.109%	$290.1M	$216.1M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	+0.162%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0799%	1h	1.5332	+0.239%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5303	+0.052%	$506K	$755K	10x	as long as short