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+0.0172%/8h= +18.8% APRnext payment +$0.21 per $10,000 · paid last 24h +0.041%
Price spread now: Hibachi against SoDEX+0.048%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 3 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 +$5 a day on $10k at the current rate, and Hibachi is 0.048% dearer against SoDEX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX XRP-USD1.51430.0100pay 0.0013% / 1h4m 08s$28K$1.7M10x
ShortHibachi XRP/USDT-P1.51500.0272get 0.0034% / 1h4m 08s$17K$82K7x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hibachi against SoDEX. 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
$36.12
Price spread: +0.048% → 0.000%
$4.8
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Hibachi: 4.5 bp × 2 orders
−$9
Net
$23.92
Costs to cover
0.170%
Break-even
2.4 days
Slippage unknown: SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX live order book, 5 min ago0.66 bp4.7 bp −$56.8 bp −$68doesn'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%1h1.5147+0.026%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5147+0.028%$1.1M$115K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5142−0.010%$258K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5147+0.026%$7.7M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0022%1h1.51430.000%$14.3M$74.7M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.754%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0054% / S +0.0009%1h1.5142−0.009%$795K200xas long as short
Lighter XRP+0.0096%1h1.5147+0.027%$2.8M$14.8M20xas long as short
Lighter RH XRP+0.0096%1h1.5148+0.033%$496K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5144+0.007%$10K$355K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5151+0.056%$979K$6.2M20xas long as short
Aster XRPUSDT+0.0100%8h1.5147+0.026%$39.0M$86.0M100xas long as short
Pacifica XRP+0.0100%1h1.5152+0.062%$608K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5144+0.005%$532.5M$2.17B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5144+0.007%$343.7M$947.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.51430.000%$125.2M$886.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5150+0.046%$563K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5157+0.092%$137K$721K20xas long as short
Bulk XRP-USD+0.0100%1h1.5138−0.031%$1.6M$29K20xas long as short
Gate XRP_USDT+0.0100%8h1.5146+0.020%$373.5M$158.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5148+0.033%$294.3M$910.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5147+0.024%$109.2M$178.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5140−0.020%$268.8M$391.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5148+0.033%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5147+0.025%$4.8M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5113−0.195%$656K$111.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5150+0.046%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5138−0.033%$1.2M$1.1M50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5156+0.086%$49K$489K20xas long as short
Bullet XRP-USD+0.0100%1h1.5143+0.002%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5141−0.013%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5142−0.005%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5158+0.097%$127K$1.8M30xas long as short
SoDEX XRP-USDlong+0.0100%1h1.5143long leg$28K$1.7M10x
HTX XRP-USDT+0.0100%8h1.5152+0.057%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5146+0.020%$53.9M$31.4M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5155+0.079%$472K$55K50xas long as short
Vest XRP-PERP+0.0100%1h1.5152+0.060%$11K10xas long as short
Extended XRP-USD+0.0104%1h1.5138−0.034%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5140−0.020%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0160%1h1.5153+0.066%$8K$8K10xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5148+0.033%$5.7M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0184%8h1.5156+0.086%$1.8M$35.4M2.9xas long as short
Reya XRPRUSDPERP+0.0217%1h1.5148+0.033%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5154+0.073%$24.2M$75.8M125xas long as short
Backpack XRP_USDC_PERP+0.0234%1h1.5157+0.092%$2.0M$1.4M25xas long as short
Hibachi XRP/USDT-Pshort+0.0272%1h1.5150+0.048%$17K$82K7x
RISEx XRP/USDC+0.0358%1h1.5155+0.081%$517K$777K10xas long as short
Hyperliquid XRP+0.0366%1h1.5161+0.119%$290.8M$255.9M20xas long as short
Phoenix XRP+0.0528%1h1.5150+0.046%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0630%1h1.5149+0.039%$2K$15K10xas long as short