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+0.0180%/8h= +19.7% APRnext payment +$0.22 per $10,000 · paid last 24h +0.041%
Price spread now: Hibachi against Polymarket Perps+0.073%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 7 days+0.283%+$28 on $10k
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 +$5 a day on $10k at the current rate, and Hibachi is 0.073% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps XRP-USD1.51520.0100pay 0.0013% / 1h14m 11s$45K$479K20x
ShortHibachi XRP/USDT-P1.51630.0280get 0.0035% / 1h14m 11s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against Polymarket Perps. 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
$37.8
Price spread: +0.073% → 0.000%
$7.29
Slippage, 4 orders
no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$28.09
Costs to cover
0.170%
Break-even
1.8 days
Slippage unknown: Polymarket Perps: live order book, 38 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
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 38 min ago1.64 bp6.8 bp −$79.2 bp −$92doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5160+0.053%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5149−0.018%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5144−0.053%$258K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5148−0.026%$7.7M$25.5M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.5146−0.039%$14.4M$74.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.693%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5144−0.053%$795K200xas long as short
Lighter XRP+0.0096%1h1.5149−0.017%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5151−0.007%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5150−0.013%$9K$351K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5148−0.023%$975K$6.1M20xas long as short
Aster XRPUSDT+0.0100%8h1.5147−0.033%$39.0M$85.7M100xas long as short
Pacifica XRP+0.0100%1h1.5151−0.008%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5145−0.046%$533.8M$2.16B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5145−0.046%$344.4M$945.9M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5148−0.026%$125.8M$883.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5148−0.026%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5155+0.020%$137K$721K20xas long as short
Bulk XRP-USD+0.0100%1h1.5164+0.082%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5149−0.020%$372.0M$157.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5145−0.046%$297.6M$907.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5148−0.024%$109.2M$178.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5146−0.040%$269.0M$390.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5147−0.033%$127.8Mas long as short
Variational Omni XRP+0.0100%8h1.5151−0.008%$4.8M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5166+0.096%$659K$110.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5154+0.016%$1.1M$36.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5169+0.112%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5151−0.008%$11K10xas long as short
Polymarket Perps XRP-USDlong+0.0100%1h1.5152long leg$45K$479K20x
Bullet XRP-USD+0.0100%1h1.5147−0.033%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5145−0.046%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5145−0.043%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5152+0.001%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5145−0.046%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5152+0.001%$49.5M$15.8M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5148−0.026%$53.9M$31.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5147−0.035%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5140−0.078%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5143−0.057%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5156+0.026%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5153+0.007%$5.7M$48.1M50xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5148−0.025%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5156+0.026%$24.2M$75.7M125xas long as short
Kalshi KXXRPPERP+0.0233%8h1.5156+0.026%$1.9M$35.3M2.9xas long as short
Backpack XRP_USDC_PERP+0.0249%1h1.5156+0.026%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-Pshort+0.0280%1h1.5163+0.073%$17K$82K7x
RISEx XRP/USDC+0.0358%1h1.5154+0.011%$516K$776K10xas long as short
Hyperliquid XRP+0.0405%1h1.5163+0.073%$297.7M$251.6M20xas long as short
Phoenix XRP+0.0528%1h1.5160+0.053%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0648%1h1.5166+0.091%$2K$15K10xas long as short