Spread before costs (cost unknown: a leg has no order-book sample)+0.022%
7d average—if it closes, per $10,000$2funding while held, a day−$10.96
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.4970 | 0.0565 | pay 0.0071% / 1h | 46m 07s | $265.2M | $157.6M | 20x |
| Short | Hibachi XRP/USDT-P | 1.4973 | 0.0200 | get 0.0025% / 1h | 46m 07s | $19K | $30K | 7x |
Hyperliquid XRP
Hibachi XRP/USDT-PPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $2.24
- Funding while held
- −$10.96
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Net
- −$26.72
- Spread needed to break even
- 0.180%
Slippage unknown: Hyperliquid: live order book, 9 min ago; Hibachi: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0365%
- Per $10,000 a day
- −$10.96
- Average in range /8h
- —
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 Hyperliquid live order book, 9 min ago | 0.33 bp | 4.8 bp −$5 | 6.7 bp −$67 | doesn't fit | 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 price on every exchange
against the cheapest. Click to use as the short leg.Injective1.4090cheapest
HTX1.4944+6.061%Bybit1.4949+6.097%Binance1.4950+6.104%Gate1.4951+6.111%BingX1.4951+6.111%OKX1.4955+6.139%edgeX1.4957+6.153%MEXC1.4957+6.153%Phemex1.4958+6.160%Bitget1.4959+6.167%KuCoin1.4960+6.175%Backpack1.4961+6.182%Lighter RH1.4962+6.189%ApeX Omni1.4962+6.189%SoDEX1.4962+6.189%Lighter1.4962+6.190%Kraken Futures1.4963+6.193%Derive1.4963+6.194%Extended1.4963+6.195%Orderly1.4963+6.196%Aster1.4963+6.197%Aevo1.4964+6.202%Deribit1.4965+6.210%gTrade (Gains Network)1.4966+6.218%Bulk1.4966+6.221%Nado1.4966+6.221%GMX1.4967+6.226%
Injective
HTX
Bybit
Binance
Gate
BingX
OKX
MEXC
Phemex
Bitget
KuCoin
Backpack
Lighter RH
ApeX Omni
SoDEX
Lighter
Kraken Futures
Derive
Extended
Orderly
Aster
Aevo
Deribit
gTrade (Gains Network)
Bulk
Nado
GMXHyperliquid1.4970+6.246%
dYdX1.4970+6.247%Katana Perps1.4971+6.253%BloFin1.4971+6.253%Bullet1.4971+6.254%Variational Omni1.4972+6.258%Vest1.4972+6.260%
dYdX
Katana Perps
BloFin
Bullet
Variational Omni
VestHibachi1.4973+6.269%
Reya1.4974+6.272%Hotstuff1.4974+6.274%Coinbase International1.4974+6.274%SunX1.4974+6.276%Pacifica1.4975+6.280%Polymarket Perps1.4976+6.288%Paradex1.4978+6.305%RISEx1.4980+6.316%01 Exchange1.4980+6.317%Aftermath Perps1.4981+6.324%Kalshi1.4985+6.352%Ondo Perps1.4989+6.380%Phoenix1.4990+6.388%Arcus1.4998+6.444%
Reya
Hotstuff
Coinbase International
SunX
Pacifica
Polymarket Perps
Paradex
RISEx
Ondo Perps
Phoenix
ArcusXRP on 50 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XRP/USDC PERP | −5.878% | +0.0033% | 1h | $2K | $63K | 30x | as long as short |
| HTX XRP-USDT | −0.174% | +0.0100% | 8h | $49.4M | $13.4M | 75x | as long as short |
| Bybit XRPUSDT | −0.140% | +0.0100% | 8h | $332.8M | $751.9M | 100x | as long as short |
| Binance XRPUSDT | −0.134% | +0.0100% | 8h | $526.5M | $1.66B | 100x | as long as short |
| Gate XRP_USDT | −0.127% | +0.0100% | 8h | $357.4M | $119.6M | 100x | as long as short |
| BingX XRP-USDT | −0.127% | +0.0100% | 8h | — | $96.7M | — | as long as short |
| OKX XRP-USDT-SWAP | −0.100% | +0.0100% | 8h | $124.9M | $762.1M | 100x | as long as short |
| edgeX XRPUSDC | −0.088% | +0.0100% | 4h | $679K | $85.8M | 30x | as long as short |
| MEXC XRP_USDT | −0.087% | +0.0100% | 8h | $293.8M | $731.1M | 300x | as long as short |
| Phemex XRPUSDT | −0.080% | +0.0100% | 8h | $53.8M | $26.0M | 50x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget XRPUSDT | −0.073% | +0.0100% | 8h | $256.9M | $310.4M | 125x | as long as short |
| KuCoin XRPUSDTM | −0.066% | +0.0100% | 8h | $113.3M | $138.0M | 75x | as long as short |
| Backpack XRP_USDC_PERP | −0.060% | +0.0222% | 1h | $1.7M | $920K | 25x | as long as short |
| Lighter RH XRP | −0.053% | +0.0096% | 1h | $535K | $2.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | −0.053% | +0.0100% | 1h | $1.0M | $816K | 50x | as long as short |
| SoDEX XRP-USD | −0.053% | +0.0100% | 1h | $32K | $2.0M | 10x | as long as short |
| Lighter XRP | −0.052% | +0.0096% | 1h | $2.9M | $9.1M | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.050% | +0.0217% | 1h | $17.4M | $42.1M | 50x | as long as short |
| Derive XRP-PERP | −0.049% | +0.0100% | 1h | $806K | $67K | 10x | as long as short |
| Extended XRP-USD | −0.048% | +0.0104% | 1h | $1.9M | $7.2M | 50x | as long as short |
| Orderly PERP_XRP_USDC | −0.047% | +0.0051% | 8h | $187K | $737K | 50x | as long as short |
| Aster XRPUSDT | −0.045% | +0.0100% | 8h | $38.0M | $65.9M | 100x | as long as short |
| Aevo XRP-PERP | −0.041% | +0.0104% | 1h | $72K | $39K | 3x | as long as short |
| Deribit XRP_USDC-PERPETUAL | −0.033% | 0.0000% | 1h | $8.2M | $19.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | −0.026% | L +0.0003% / S −0.0003% | 1h | $218K | — | 150x | as long as short |
| Bulk XRP-USD | −0.023% | +0.0100% | 1h | $1.7M | $215K | 20x | as long as short |
| Nado XRP-PERP | −0.023% | +0.0100% | 1h | $1.1M | $4.9M | 20x | as long as short |
| GMX XRP/USD [ETH-USDC] | −0.018% | L −0.0205% / S +0.0292% | 1h | $1.6M | — | 200x | as long as short |
| Hyperliquid XRPlong | 0.000% | +0.0565% | 1h | $265.2M | $157.6M | 20x | |
| dYdX XRP-USD | +0.001% | 0.0000% | 1h | $1.1M | $103K | 10x | as long as short |
| Katana Perps XRP-USD | +0.007% | +0.0100% | 8h | $11K | $227K | 20x | as long as short |
| BloFin XRP-USDT | +0.007% | +0.0220% | 8h | $23.3M | $57.2M | 125x | as long as short |
| Bullet XRP-USD | +0.008% | +0.0100% | 1h | $42K | $58K | 20x | as long as short |
| Variational Omni XRP | +0.012% | +0.0100% | 8h | $5.3M | $17.7M | — | as long as short |
| Vest XRP-PERP | +0.013% | +0.0100% | 1h | — | $9K | 10x | as long as short |
| Hibachi XRP/USDT-Pshort | +0.022% | +0.0200% | 1h | $19K | $30K | 7x | |
| Reya XRPRUSDPERP | +0.025% | +0.0206% | 1h | $1.3M | $15K | 15x | as long as short |
| Hotstuff XRP-PERP | +0.027% | −0.0080% | 1h | $6K | $2K | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.027% | +0.0240% | 1h | $5.5M | $37.0M | 50x | as long as short |
| SunX XRP-USDT | +0.029% | +0.0100% | 8h | $125K | $1.7M | 30x | as long as short |
| Pacifica XRP | +0.032% | +0.0100% | 1h | $631K | $1.0M | 20x | as long as short |
| Polymarket Perps XRP-USD | +0.040% | +0.0100% | 1h | $62K | $384K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.056% | +0.0100% | 8h | $469K | $54K | 50x | as long as short |
| RISEx XRP/USDC | +0.066% | +0.0621% | 1h | $396K | $421K | 10x | as long as short |
| 01 Exchange XRPUSD | +0.067% | +0.0192% | 1h | $8K | $8K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.073% | +0.0690% | 1h | $1K | $9K | 10x | as long as short |
| Kalshi KXXRPPERP | +0.100% | +0.0194% | 8h | $1.8M | $33.6M | 2.9x | as long as short |
| Ondo Perps XRP-USD.P | +0.127% | +0.0100% | 1h | $559K | $48K | 5x | as long as short |
| Phoenix XRP | +0.134% | 0.0000% | 1h | $69K | $86K | 15x | as long as short |
| Arcus XRP-USD | +0.187% | +0.0100% | 1h | $117K | $592K | 20x | as long as short |