Funding you earn now, next payment 00:00 UTC+0.0484%/8h= +53.0% APRnext payment +$0.61 per $10,000 · paid last 24h +0.080%
Price spread now: Hyperliquid against Derive+0.117%7-day average +0.067% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.087%+$9 on $10k
+Price spread, last 3 days (all we have)+0.074%+$7 · spread now +0.117%, 7d avg +0.067%
=Together, before fees+0.160%+ Points / potential airdropHyperliquid: Season 2 · farm board+$16 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Hyperliquid is 0.050% dearer against Derive than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.067%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.087% in total (about 4.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 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 | Derive XRP-PERP | 1.5446 | 0.0100 | pay 0.0013% / 1h | 33m 36s | $831K | $81K | 10x |
| Short | Hyperliquid XRP | 1.5464 | 0.0584 | get 0.0073% / 1h | 33m 36s | $293.8M | $211.3M | 20x |
Derive XRP-PERP
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Derive. 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
- $101.69
- Price spread: +0.117% → +0.067%
- $5.03
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $91.71
- Costs to cover
- 0.150%
- Break-even
- 0.7 days
Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 10 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 Derive no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 10 min ago | 0.32 bp | 5.1 bp −$5 | 6.2 bp −$62 | 10.6 bp −$1,058 | doesn't fit |
Derive: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5454 | +0.053% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5446 | +0.001% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5490 | +0.286% | $69K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5448 | +0.014% | $9.5M | $25.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5444 | −0.014% | $267K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0008% / S +0.0101% | 1h | 1.5442 | −0.022% | $849K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5446 | +0.001% | $15.2M | $69.3M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0057% | 8h | 1.5444 | −0.012% | $76K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +0.739% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5460 | +0.090% | $3.0M | $12.6M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
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 | 1.5451 | +0.033% | $440K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5439 | −0.041% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5445 | −0.003% | $39.3M | $80.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5456 | +0.067% | $636K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5458 | +0.076% | $552.8M | $2.03B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5462 | +0.104% | $346.1M | $919.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5460 | +0.091% | $126.4M | $883.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5441 | −0.032% | $576K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5470 | +0.156% | $116K | $756K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5506 | +0.388% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5459 | +0.085% | $372.9M | $144.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5460 | +0.091% | $299.4M | $877.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5452 | +0.042% | $112.5M | $164.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5464 | +0.117% | $269.7M | $372.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5467 | +0.137% | — | $121.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5470 | +0.154% | $11.5M | $30.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5479 | +0.212% | $672K | $104.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5470 | +0.157% | $1.1M | $40.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5481 | +0.227% | $1.0M | $900K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5446 | −0.001% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5444 | −0.012% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5445 | −0.006% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERPlong | +0.0100% | 1h | 1.5446 | long leg | $831K | $81K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5451 | +0.030% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5446 | +0.001% | $32K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5442 | −0.023% | $50.7M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5446 | +0.001% | $54.9M | $29.4M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5460 | +0.093% | $482K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5464 | +0.117% | $12K | $267K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5464 | +0.116% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5442 | −0.022% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5464 | +0.117% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5444 | −0.012% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5451 | +0.033% | $24.5M | $74.3M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5451 | +0.033% | $5.9M | $47.3M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5461 | +0.096% | $18K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0286% | 1h | 1.5456 | +0.065% | $1.7M | $1.0M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0309% | 8h | 1.5450 | +0.027% | $2.0M | $34.2M | 2.9x | as long as short |
| Hyperliquid XRPshort | +0.0584% | 1h | 1.5464 | +0.117% | $293.8M | $211.3M | 20x | |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5476 | +0.195% | $503K | $633K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0800% | 1h | 1.5497 | +0.330% | $1K | $11K | 10x | as long as short |
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
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
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
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD