Funding you earn now, next payment 23:00 UTC+0.0562%/8h= +61.5% APRpaid last 24h +0.069%
Price spread now: Hyperliquid against BingX−0.084%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$220.216% of the position
Funding, last 7 days+0.127%+$13 on $10k
+Price spread, last 7 days+0.101%+$10 · spread now −0.084%, 7d avg +0.043%
=Together, before fees+0.228%+ Points / potential airdropHyperliquid: Season 2 · farm board+$23 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.127% cheaper against BingX than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.043%). If the spread goes back, that is −$13 on $10k: about 18 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.127% in total) that is about 7.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.127% in total (about 6.6% a year). A funding rate is set anew for every payment. 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 | BingX XRP-USDT | 1.5557 | 0.0100 | pay 0.0100% / 8h | 1h 51m | — | $115.3M | — |
| Short | Hyperliquid XRP | 1.5544 | 0.0662 | get 0.0083% / 1h | 51m 23s | $287.9M | $195.1M | 20x |
BingX XRP-USDT
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against BingX. 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
- $117.93
- Price spread: −0.084% → +0.043%
- −$12.67
- Slippage, 4 orders
- −$2.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $83.69
- Costs to cover
- 0.216%
- Break-even
- 2.0 days
Slippage from BingX: live order book, 3 min ago; Hyperliquid: live order book, 13 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 BingX live order book, 3 min ago | 0.96 bp | 6.0 bp −$6 | 6.0 bp −$60 | 6.8 bp −$679 | 16.3 bp −$8,129 |
| Sell Hyperliquid live order book, 13 min ago | 0.32 bp | 4.8 bp −$5 | 5.4 bp −$54 | 10.7 bp −$1,074 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5550 | −0.045% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5533 | −0.154% | $1.1M | $104K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5556 | −0.003% | $260K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.716% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5553 | −0.028% | $15.4M | $67.0M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0048% | 1h | 1.5577 | +0.130% | $19K | $73K | 7x | as long as short |
| Orderly PERP_XRP_USDC | +0.0051% | 8h | 1.5569 | +0.077% | $82K | $935K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0071% | 1h | 1.5565 | +0.051% | $9.6M | $24.9M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0078% / S +0.0149% | 1h | 1.5551 | −0.038% | $920K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5532 | −0.162% | $3.0M | $11.6M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5538 | −0.122% | $456K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5528 | −0.189% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5526 | −0.202% | $39.6M | $75.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5533 | −0.154% | $677K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5559 | +0.011% | $564.1M | $1.91B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5559 | +0.013% | $353.5M | $869.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5536 | −0.135% | $127.4M | $863.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5587 | +0.193% | $579K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5531 | −0.167% | $120K | $724K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5527 | −0.193% | $1.7M | $572K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5527 | −0.193% | $369.9M | $134.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5550 | −0.045% | $289.6M | $820.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5533 | −0.152% | $111.8M | $152.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5533 | −0.154% | $269.6M | $352.0M | 125x | as long as short |
| BingX XRP-USDTlong | +0.0100% | 8h | 1.5557 | long leg | — | $115.3M | — | |
| Variational Omni XRP | +0.0100% | 8h | 1.5558 | +0.008% | $11.8M | $29.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5587 | +0.192% | $677K | $98.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5625 | +0.437% | $1.1M | $41.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5590 | +0.212% | $1.0M | $882K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5544 | −0.084% | $53K | $436K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5553 | −0.026% | $42K | $62K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5565 | +0.048% | $838K | $71K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5566 | +0.056% | $130K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5554 | −0.019% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5561 | +0.028% | $51.1M | $15.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5551 | −0.039% | $55.3M | $28.8M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5540 | −0.112% | — | $10K | 10x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5526 | −0.200% | $484K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5530 | −0.174% | $12K | $247K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5523 | −0.218% | $2.1M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5562 | +0.032% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5530 | −0.174% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5540 | −0.112% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5562 | +0.032% | $5.7M | $45.9M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5571 | +0.090% | $24.4M | $71.3M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0340% | 8h | 1.5579 | +0.141% | $1.9M | $32.1M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0391% | 1h | 1.5560 | +0.019% | $1.8M | $982K | 25x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5620 | +0.405% | $70K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5533 | −0.152% | $406K | $530K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0565% | 1h | 1.5551 | −0.041% | $1K | $11K | 10x | as long as short |
| Hyperliquid XRPshort | +0.0662% | 1h | 1.5544 | −0.084% | $287.9M | $195.1M | 20x |
Lighter RH XRP
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
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Vest XRP-PERP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD