Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0140%/8h= +15.3% APRpaid last 24h +0.038%

Price spread now: Hibachi against KuCoin−0.259%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Hibachi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.288%+$29 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

Funding pays, the price is against you. Hibachi is 0.259% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.259% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$26 on $10k: about 6.2 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin XRPUSDTM	1.5203	0.0100	pay 0.0100% / 8h	5h 24m	$109.1M	$171.6M	75x
Short	Hibachi XRP/USDT-P	1.5163	0.0240	get 0.0030% / 1h	24m 01s	$17K	$82K	7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hibachi against KuCoin. 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 KuCoinbpFee HibachibpOrdersPrice spread, now −0.259%Rate

Funding earned: $29.4
Price spread: −0.259% → 0.000%: −$25.91
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Hibachi: 4.5 bp × 2 orders: −$9
Net: −$17.51
Costs to cover: 0.210%
Break-even: 11.2 days

Slippage unknown: KuCoin: live order book, 5 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 KuCoin live order book, 5 min ago	0.53 bp	9.4 bp −$9	12.7 bp −$127	26.2 bp −$2,621	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	1.5195	−0.050%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5191	−0.075%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5199	−0.022%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5205	+0.016%	$7.7M	$25.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.351%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5199	−0.020%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5196	−0.043%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5202	−0.004%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5206	+0.022%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5206	+0.022%	$513K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5183	−0.129%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5194	−0.053%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5216	+0.091%	$282.1M	$221.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5203	+0.004%	$38.5M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5196	−0.043%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5204	+0.009%	$538.6M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5204	+0.009%	$345.4M	$926.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5204	+0.009%	$126.1M	$868.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5180	−0.149%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5195	−0.050%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	−0.132%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5205	+0.016%	$370.2M	$152.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5204	+0.009%	$294.9M	$900.1M	300x	as long as short
KuCoin XRPUSDTMlong	+0.0100%	8h	1.5203	long leg	$109.1M	$171.6M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5202	−0.004%	$269.1M	$379.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5207	+0.029%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5159	−0.284%	$5.8M	$36.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5149	−0.355%	$658K	$107.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5155	−0.313%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5151	−0.339%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5194	−0.055%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	+0.009%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	−0.008%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5204	+0.007%	$818K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5205	+0.015%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	+0.003%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5201	−0.009%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5203	+0.003%	$54.1M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5196	−0.045%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5199	−0.026%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5201	−0.013%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5214	+0.075%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5200	−0.017%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5204	+0.009%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5182	−0.136%	$24.2M	$75.0M	125x	as long as short
Hibachi XRP/USDT-Pshort	+0.0240%	1h	1.5163	−0.259%	$17K	$82K	7x
Kraken Futures PF_XRPUSD	+0.0272%	1h	1.5200	−0.017%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0351%	8h	1.5209	+0.042%	$2.1M	$34.8M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5196	−0.041%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5180	−0.149%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0683%	1h	1.5183	−0.130%	$2K	$14K	10x	as long as short