Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0094%/8h= +10.3% APRnext payment +$0.12 per $10,000 · paid last 24h +0.079%
Price spread now: RISEx against Hibachi+0.027%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHibachi: Active · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and RISEx is 0.027% dearer against Hibachi than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHibachi XRP/USDT-P1.51810.0264pay 0.0033% / 1h38m 47s$17K$82K7x
ShortRISEx XRP/USDC1.51850.0358get 0.0045% / 1h38m 47s$517K$774K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

RISEx 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

Funding earned
$19.79
Price spread: +0.027% → 0.000%
$2.71
Slippage, 4 orders
no order book: not counted
Fee Hibachi: 4.5 bp × 2 orders
−$9
Fee RISEx: 3 bp × 2 orders
−$6
Net
$7.51
Costs to cover
0.150%
Break-even
4.3 days
Slippage unknown: Hibachi: no order-book sample; RISEx: live order book, 15 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hibachi no order-book sample
Sell RISEx live order book, 15 min ago1.61 bp4.6 bp −$510.5 bp −$105doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5178−0.021%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5177−0.026%$1.1M$111K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5169−0.079%$253K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5175−0.041%$7.8M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5173−0.052%$14.4M$74.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.495%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0052% / S +0.0012%1h1.5169−0.078%$779K200xas long as short
Lighter XRP+0.0096%1h1.5191+0.062%$2.8M$14.6M20xas long as short
Lighter RH XRP+0.0096%1h1.5178−0.021%$497K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5182+0.005%$12K$343K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Orderly PERP_XRP_USDC+0.0100%8h1.5170−0.074%$62K$934K50xas long as short
Nado XRP-PERP+0.0100%1h1.5176−0.031%$1.0M$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5170−0.072%$38.3M$84.6M100xas long as short
Pacifica XRP+0.0100%1h1.5178−0.023%$605K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5183+0.012%$533.4M$2.14B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5186+0.031%$346.1M$941.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5186+0.031%$127.1M$887.6M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5151−0.199%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5184+0.018%$118K$688K20xas long as short
Bulk XRP-USD+0.0100%1h1.5203+0.144%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5178−0.021%$370.5M$154.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5177−0.028%$293.3M$900.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5176−0.036%$108.9M$177.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5184+0.018%$269.0M$388.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5172−0.061%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5173−0.055%$4.9M$38.2Mas long as short
edgeX XRPUSDC+0.0100%4h1.5161−0.130%$658K$109.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5181−0.002%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5209+0.183%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5178−0.019%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5183+0.012%$45K$476K20xas long as short
Bullet XRP-USD+0.0100%1h1.5174−0.048%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5173−0.053%$816K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5182+0.008%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5173−0.054%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5177−0.029%$49.6M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5174−0.048%$54.1M$31.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5179−0.015%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5173−0.053%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5170−0.074%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5189+0.051%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5178−0.021%$5.6M$47.6M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5178−0.020%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5170−0.074%$24.2M$76.0M125xas long as short
Hibachi XRP/USDT-Plong+0.0264%1h1.5181long leg$17K$82K7x
Kalshi KXXRPPERP+0.0277%8h1.5177−0.028%$2.0M$35.1M2.9xas long as short
Backpack XRP_USDC_PERP+0.0292%1h1.5178−0.021%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0325%1h1.5201+0.130%$292.2M$235.3M20xas long as short
RISEx XRP/USDCshort+0.0358%1h1.5185+0.027%$517K$774K10x
Phoenix XRP+0.0528%1h1.5170−0.074%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0666%1h1.5190+0.055%$2K$15K10xas long as short