Funding you earn now, next payment 22:00 UTC+0.0349%/8h= +38.2% APRnext payment +$0.44 per $10,000 · paid last 24h +0.063%
Price spread now: Hyperliquid against ApeX Omni+0.039%7-day average +0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$260.258% of the position
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 3 days (all we have)+0.071%+$7 · spread now +0.039%, 7d avg +0.020%
=Together, before fees+0.149%+ Points / potential airdropHyperliquid: Season 2 · farm board+$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.020%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.078% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni XRPUSDT | 1.5264 | 0.0100 | pay 0.0013% / 1h | 34m 53s | $1.0M | $848K | 50x |
| Short | Hyperliquid XRP | 1.5270 | 0.0449 | get 0.0056% / 1h | 34m 53s | $280.3M | $179.9M | 20x |
ApeX Omni XRPUSDT
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $73.24
- Price spread: +0.039% → +0.020%
- $1.94
- Slippage, 4 orders
- −$6.79
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $49.38
- Costs to cover
- 0.258%
- Break-even
- 2.3 days
Slippage from ApeX Omni: live order book, 4 min ago; Hyperliquid: live order book, 9 min ago.
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 ApeX Omni live order book, 4 min ago | 2.63 bp | 8.4 bp −$8 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.33 bp | 4.8 bp −$5 | 4.8 bp −$48 | 9.6 bp −$964 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0211% / S +0.0297% | 1h | 1.5255 | −0.058% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5255 | −0.059% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5261 | −0.019% | $1.1M | $99K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5250 | −0.092% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5257 | −0.046% | $9.2M | $24.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5255 | −0.056% | $255K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | +0.170% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5251 | −0.085% | $178K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5255 | −0.060% | $3.0M | $11.3M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5258 | −0.039% | $443K | $3.1M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5260 | −0.026% | $1.0M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5263 | −0.010% | $38.8M | $71.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5261 | −0.022% | $664K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5250 | −0.090% | $545.4M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5250 | −0.092% | $341.7M | $834.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5250 | −0.092% | $123.0M | $827.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5253 | −0.072% | $568K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5266 | +0.013% | $114K | $646K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5260 | −0.023% | $1.6M | $350K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5248 | −0.105% | $355.6M | $129.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5254 | −0.066% | $290.0M | $800.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5254 | −0.067% | $112.4M | $147.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5254 | −0.066% | $265.5M | $338.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5251 | −0.085% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5254 | −0.066% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5214 | −0.325% | $662K | $95.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5240 | −0.156% | $1.1M | $41.6M | 20x | as long as short |
| ApeX Omni XRPUSDTlong | +0.0100% | 1h | 1.5264 | long leg | $1.0M | $848K | 50x | |
| Vest XRP-PERP | +0.0100% | 1h | 1.5256 | −0.052% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5262 | −0.013% | $50K | $474K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5255 | −0.056% | $42K | $59K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5253 | −0.069% | $821K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5264 | −0.001% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5253 | −0.072% | $29K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5240 | −0.154% | $50.1M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5253 | −0.072% | $54.5M | $28.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5263 | −0.006% | $476K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5264 | 0.000% | $12K | $244K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5252 | −0.080% | $2.1M | $7.3M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5253 | −0.074% | $71K | $40K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0124% | 1h | 1.5270 | +0.039% | $1.7M | $923K | 25x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5267 | +0.020% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0171% | 1h | 1.5251 | −0.084% | $15.3M | $63.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5263 | −0.007% | $5.4M | $43.3M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5258 | −0.039% | $1.3M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5251 | −0.085% | $23.8M | $66.4M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0222% | 8h | 1.5266 | +0.013% | $1.7M | $31.7M | 2.9x | as long as short |
| Hibachi XRP/USDT-P | +0.0256% | 1h | 1.5250 | −0.091% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5271 | +0.049% | $404K | $496K | 10x | as long as short |
| Hyperliquid XRPshort | +0.0449% | 1h | 1.5270 | +0.039% | $280.3M | $179.9M | 20x | |
| Aftermath Perps XRPUSD | +0.0521% | 1h | 1.5250 | −0.091% | $1K | $10K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
01 Exchange XRPUSD
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD