Funding you earn now, next payment 22:00 UTC+0.0347%/8h= +38.0% APRnext payment +$0.43 per $10,000 · paid last 24h +0.063%
Price spread now: Hyperliquid against Bullet+0.142%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Hyperliquid is 0.142% dearer against Bullet than usual: you sell high and buy low: +$14 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet XRP-USD | 1.5246 | 0.0100 | pay 0.0013% / 1h | 36m 00s | $42K | $59K | 20x |
| Short | Hyperliquid XRP | 1.5268 | 0.0447 | get 0.0056% / 1h | 36m 00s | $280.0M | $179.7M | 20x |
Bullet XRP-USD
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bullet. 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
- $72.93
- Price spread: +0.142% → 0.000%
- $14.25
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $70.18
- Costs to cover
- 0.170%
- Break-even
- 0.3 days
Slippage unknown: Bullet: no order-book sample; Hyperliquid: live order book, 8 min ago. Net counts fees only.
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 Bullet no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 8 min ago | 0.33 bp | 4.8 bp −$5 | 4.8 bp −$48 | 9.6 bp −$964 | doesn't fit |
Bullet: 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.| 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 | 1.5243 | −0.024% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5194 | −0.343% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5251 | +0.032% | $1.1M | $99K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5270 | +0.156% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5242 | −0.028% | $9.2M | $24.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5241 | −0.037% | $255K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | +0.287% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5234 | −0.081% | $177K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5252 | +0.036% | $2.9M | $11.3M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5244 | −0.015% | $442K | $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 | 1.5254 | +0.054% | $1.1M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5242 | −0.025% | $38.7M | $71.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5255 | +0.056% | $664K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5252 | +0.038% | $545.5M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5258 | +0.077% | $341.7M | $834.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5252 | +0.038% | $123.0M | $827.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5181 | −0.428% | $568K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5251 | +0.031% | $115K | $646K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5260 | +0.093% | $1.6M | $350K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5248 | +0.011% | $355.7M | $129.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5247 | +0.005% | $288.8M | $800.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5239 | −0.047% | $112.4M | $146.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5249 | +0.018% | $265.3M | $338.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5249 | +0.018% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5263 | +0.107% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5214 | −0.209% | $662K | $95.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5246 | +0.001% | $1.1M | $41.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5264 | +0.116% | $1.0M | $842K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5260 | +0.090% | $50K | $474K | 20x | as long as short |
| Bullet XRP-USDlong | +0.0100% | 1h | 1.5246 | long leg | $42K | $59K | 20x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5237 | −0.059% | $821K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5242 | −0.029% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5239 | −0.048% | $29K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5232 | −0.090% | $50.1M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5254 | +0.051% | $54.6M | $28.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5248 | +0.013% | $475K | $54K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5253 | +0.041% | — | $10K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5256 | +0.064% | $12K | $244K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5236 | −0.069% | $2.1M | $7.3M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5237 | −0.062% | $71K | $40K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0118% | 1h | 1.5257 | +0.070% | $1.7M | $924K | 25x | as long as short |
| 01 Exchange XRPUSD | +0.0152% | 1h | 1.5253 | +0.044% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0171% | 1h | 1.5238 | −0.057% | $15.2M | $63.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5250 | +0.024% | $5.4M | $43.3M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5251 | +0.032% | $1.3M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5260 | +0.090% | $23.8M | $66.4M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0222% | 8h | 1.5252 | +0.038% | $1.7M | $31.7M | 2.9x | as long as short |
| Hibachi XRP/USDT-P | +0.0256% | 1h | 1.5265 | +0.120% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5258 | +0.080% | $404K | $496K | 10x | as long as short |
| Hyperliquid XRPshort | +0.0447% | 1h | 1.5268 | +0.142% | $280.0M | $179.7M | 20x | |
| Aftermath Perps XRPUSD | +0.0522% | 1h | 1.5247 | +0.006% | $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
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-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