XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0349%/8h= +38.2% APRnext payment +$0.44 per $10,000 · paid last 24h +0.058%

Price spread now: Hyperliquid against Arcus+0.226%7-day average +0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$3as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Arcus Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.350%−$35 · spread now +0.226%, 7d avg +0.072%

Together, before fees−0.270%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.154% dearer against Arcus than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.072%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.080% in total (about 8.9% 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	Arcus XRP-USD	1.5291	0.0100	pay 0.0013% / 1h	54m 39s	$116K	$641K	20x
Short	Hyperliquid XRP	1.5326	0.0449	get 0.0056% / 1h	54m 39s	$287.0M	$172.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Arcus. 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 ArcusbpFee HyperliquidbpOrdersPrice spread, now +0.226%Rate

Funding earned: $73.26
Price spread: +0.226% → +0.072%: $15.37
Slippage, 4 orders: −$5.13
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $70
Costs to cover: 0.186%
Break-even: 0.3 days

Slippage from Arcus: live order book, 34 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 Arcus live order book, 34 min ago	1.32 bp	4.2 bp −$4	4.9 bp −$49	23.1 bp −$2,312	doesn't fit
Sell Hyperliquid live order book, 9 min ago	0.33 bp	4.8 bp −$5	5.2 bp −$52	9.2 bp −$915	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	1.5321	+0.196%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5308	+0.111%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5298	+0.049%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5310	+0.124%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5331	+0.262%	$9.3M	$23.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5322	+0.205%	$256K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.007%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5322	+0.203%	$180K	$785K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5308	+0.112%	$3.0M	$11.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5305	+0.092%	$445K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5315	+0.155%	$1.1M	$5.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5306	+0.098%	$39.0M	$71.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5300	+0.062%	$674K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5295	+0.026%	$547.6M	$1.83B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5291	0.000%	$345.3M	$828.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5280	−0.072%	$123.7M	$825.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5280	−0.072%	$569K	$40K	5x	as long as short
Arcus XRP-USDlong	+0.0100%	1h	1.5291	long leg	$116K	$641K	20x
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.152%	$1.6M	$344K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5284	−0.046%	$355.5M	$127.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5291	0.000%	$300.0M	$783.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5291	−0.001%	$112.5M	$145.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5278	−0.085%	$266.1M	$335.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5286	−0.033%	—	$112.6M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5335	+0.288%	$1.7M	$914K	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5304	+0.088%	$6.4M	$24.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5291	−0.001%	$664K	$94.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5312	+0.139%	$1.1M	$42.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5293	+0.013%	$1.0M	$823K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5315	+0.159%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5325	+0.222%	$52K	$456K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	+0.191%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5327	+0.237%	$825K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5324	+0.217%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5329	+0.249%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5330	+0.256%	$50.5M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5330	+0.255%	$54.8M	$27.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5287	−0.027%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5285	−0.039%	$11K	$236K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5274	−0.111%	$2.1M	$7.4M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5325	+0.222%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5323	+0.209%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5333	+0.274%	$15.3M	$62.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5337	+0.301%	$5.3M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0202%	8h	1.5322	+0.203%	$1.7M	$31.9M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0210%	1h	1.5320	+0.189%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5325	+0.222%	$24.1M	$65.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5289	−0.014%	$19K	$54K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5294	+0.018%	$405K	$503K	10x	as long as short
Hyperliquid XRPshort	+0.0449%	1h	1.5326	+0.226%	$287.0M	$172.5M	20x
Aftermath Perps XRPUSD	+0.0544%	1h	1.5322	+0.202%	$1K	$10K	10x	as long as short