Funding you earn now, next payment 05:00 UTC+0.0381%/8h= +41.7% APRnext payment +$0.48 per $10,000 · paid last 24h +0.113%
Price spread now: Hyperliquid against gTrade (Gains Network)+0.165%57s7-day average +0.073% · 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—prices read too far apart to compare
costs, in and out, $10k−$2802.798% of the position
Funding, last 3 days (all we have)+0.203%+$20 on $10k
+Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.165%, 7d avg +0.073%
=Together, before fees+0.085%+ Points / potential airdropHyperliquid: Season 2 · farm board+$9 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.092% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.073%. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) XRP/USD | 1.5105 | L +0.0003% / S −0.0004% | pay 0.0000% / 1h | 8m 33s | $258K | — | 150x |
| Short | Hyperliquid XRP | 1.5130 | 0.0384 | get 0.0048% / 1h | 8m 33s | $290.6M | $255.6M | 20x |
gTrade (Gains Network) XRP/USD
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against gTrade (Gains Network). 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
- $80.04
- Price spread: +0.165% → +0.073%
- $9.23
- Slippage, 4 orders
- −$260.78
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$190.51
- Costs to cover
- 2.798%
- Break-even
- 23.7 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 46 min ago; Hyperliquid: live order book, 5 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 gTrade (Gains Network) virtual book (oracle venue), 46 min ago | 130.04 bp | 135.0 bp −$135 | 208.0 bp −$2,080 | 1906.1 bp −$190.6K | 9819.7 bp −$4.91M |
| Sell Hyperliquid live order book, 5 min ago | 0.33 bp | 4.9 bp −$5 | 5.8 bp −$58 | 9.9 bp −$989 | 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 | 1.5100 | −0.034% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5105 | +0.001% | $1.1M | $115K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5097 | −0.054% | $7.7M | $25.6M | 50x | as long as short |
| gTrade (Gains Network) XRP/USDlong | L +0.0003% / S −0.0004% | 1h | 1.5105 | long leg | $258K | — | 150x | |
| Kraken Futures PF_XRPUSD | +0.0022% | 1h | 1.5084 | −0.137% | $14.3M | $74.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.012% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0054% / S +0.0009% | 1h | 1.5104 | −0.008% | $793K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5114 | +0.057% | $2.8M | $14.8M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5113 | +0.052% | $495K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5104 | −0.007% | $10K | $355K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5111 | +0.042% | $980K | $6.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5111 | +0.039% | $38.9M | $85.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5114 | +0.059% | $606K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5113 | +0.051% | $532.4M | $2.17B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5112 | +0.046% | $343.1M | $947.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5112 | +0.046% | $125.0M | $883.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5110 | +0.032% | $563K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5120 | +0.099% | $137K | $721K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5138 | +0.220% | $1.6M | $29K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5114 | +0.059% | $373.5M | $157.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5114 | +0.059% | $295.6M | $909.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5115 | +0.067% | $108.9M | $178.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5116 | +0.072% | $268.3M | $391.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5114 | +0.059% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5130 | +0.163% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5144 | +0.257% | $658K | $110.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5137 | +0.213% | $1.1M | $36.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5150 | +0.297% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5115 | +0.068% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5120 | +0.099% | $44K | $480K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5103 | −0.013% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5096 | −0.060% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5098 | −0.049% | $812K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5100 | −0.031% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5093 | −0.080% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5094 | −0.074% | $49.3M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5098 | −0.047% | $53.7M | $31.4M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5115 | +0.067% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5108 | +0.017% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5094 | −0.072% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5116 | +0.072% | $8K | $8K | 10x | as long as short |
| Kalshi KXXRPPERP | +0.0182% | 8h | 1.5125 | +0.132% | $1.8M | $35.3M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5093 | −0.080% | $5.7M | $47.9M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0217% | 1h | 1.5116 | +0.072% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5095 | −0.067% | $24.2M | $75.5M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0237% | 1h | 1.5109 | +0.026% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0288% | 1h | 1.5110 | +0.030% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDC | +0.0358% | 1h | 1.5118 | +0.087% | $516K | $777K | 10x | as long as short |
| Hyperliquid XRPshort | +0.0384% | 1h | 1.5130 | +0.165% | $290.6M | $255.6M | 20x | |
| Phoenix XRP | +0.0528% | 1h | 1.5140 | +0.231% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0662% | 1h | 1.5144 | +0.259% | $2K | $15K | 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
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD