Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0180%/8h= +19.7% APRpaid last 24h +0.041%

Price spread now: Hibachi against HTX+0.008%48s7-day average — · you sell dearer than you buy

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

Long on HTX Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$5 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX XRP-USDT	1.5121	0.0100	pay 0.0100% / 8h	3h 07m	$49.4M	$15.7M	75x
Short	Hibachi XRP/USDT-P	1.5122	0.0280	get 0.0035% / 1h	7m 28s	$17K	$82K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against HTX. 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 HTXbpFee HibachibpOrdersPrice spread, now +0.008%Rate

Funding earned: $37.8
Price spread: +0.008% → 0.000%: $0.79
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: $17.59
Costs to cover: 0.210%
Break-even: 3.7 days

Slippage unknown: HTX: live order book, 2 min ago; Hibachi: no order-book sample. 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 HTX live order book, 2 min ago	0.03 bp	6.2 bp −$6	7.8 bp −$78	32.4 bp −$3,236	doesn't fit
Sell Hibachi no order-book sample	—	—	—	—	—

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	1.5133	+0.081%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5131	+0.066%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	+0.077%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5128	+0.048%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5121	−0.001%	$14.3M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.905%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5131	+0.067%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5135	+0.094%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5135	+0.094%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5128	+0.048%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5135	+0.097%	$982K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5134	+0.087%	$38.9M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5136	+0.098%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5133	+0.081%	$533.1M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	+0.087%	$343.4M	$947.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5134	+0.087%	$125.2M	$885.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5121	+0.001%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5144	+0.153%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	+0.116%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5136	+0.101%	$374.6M	$158.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5131	+0.067%	$293.8M	$910.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5137	+0.105%	$109.1M	$178.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5133	+0.081%	$268.7M	$391.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5128	+0.048%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	+0.059%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.049%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5106	−0.098%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5119	−0.012%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.063%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	+0.101%	$49K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	+0.056%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5122	+0.008%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5124	+0.020%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5125	+0.024%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5120	−0.005%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTlong	+0.0100%	8h	1.5121	long leg	$49.4M	$15.7M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5125	+0.028%	$53.8M	$31.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5138	+0.115%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5131	+0.071%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5122	+0.005%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5140	+0.127%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0182%	8h	1.5116	−0.032%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5129	+0.054%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5129	+0.054%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5095	−0.171%	$24.2M	$75.5M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5136	+0.101%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-Pshort	+0.0280%	1h	1.5122	+0.008%	$17K	$82K	7x
RISEx XRP/USDC	+0.0358%	1h	1.5143	+0.145%	$516K	$777K	10x	as long as short
Hyperliquid XRP	+0.0380%	1h	1.5145	+0.160%	$290.6M	$255.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5110	−0.071%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0637%	1h	1.5136	+0.101%	$2K	$15K	10x	as long as short