XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0053%/8h= +5.8% APRnext payment +$0.07 per $10,000 · paid last 24h +0.156%

Price spread now: Hyperliquid against GMX+0.084%7-day average +0.042% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.293%+$29 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.084%, 7d avg +0.042%

Together, before fees+0.291%+ Points / potential airdropHyperliquid: Season 2 · farm board+$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Hyperliquid is 0.043% dearer against GMX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX XRP/USD [ETH-USDC]	1.5137	L +0.0047% / S +0.0020%	pay 0.0006% / 1h	3m 04s	$789K	—	200x
Short	Hyperliquid XRP	1.5150	0.0100	get 0.0013% / 1h	3m 04s	$280.4M	$227.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against GMX. 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 GMXbpFee HyperliquidbpOrdersPrice spread, now +0.084%Rate

Funding earned: $11.21
Price spread: +0.084% → +0.042%: $4.26
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$5.53
Costs to cover: 0.210%
Break-even: 10.5 days

Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 11 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 GMX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 11 min ago	0.66 bp	5.2 bp −$5	6.8 bp −$68	11.4 bp −$1,137	doesn't fit

GMX: 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	1.5125	−0.081%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5137	−0.005%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5132	−0.037%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	−0.114%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5138	+0.008%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5142	+0.031%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.793%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]long	L +0.0047% / S +0.0020%	1h	1.5137	long leg	$789K	—	200x
Orderly PERP_XRP_USDC	+0.0093%	8h	1.5140	+0.018%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5143	+0.036%	$2.8M	$14.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5144	+0.045%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5133	−0.028%	$10K	$331K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5133	−0.025%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRPshort	+0.0100%	1h	1.5150	+0.084%	$280.4M	$227.9M	20x
Aster XRPUSDT	+0.0100%	8h	1.5140	+0.020%	$38.2M	$83.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5138	+0.005%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5139	+0.012%	$532.9M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5140	+0.018%	$345.7M	$937.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5142	+0.031%	$126.9M	$875.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5120	−0.114%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5143	+0.038%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5114	−0.154%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5137	−0.002%	$369.0M	$154.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5138	+0.005%	$294.5M	$904.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5142	+0.028%	$107.8M	$175.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5140	+0.018%	$268.1M	$385.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5136	−0.008%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	−0.181%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5109	−0.187%	$656K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	−0.145%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5110	−0.180%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5144	+0.045%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5140	+0.017%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5141	+0.027%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5144	+0.046%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	+0.012%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5127	−0.071%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5140	+0.018%	$53.8M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5139	+0.011%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5138	+0.004%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5135	−0.013%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5138	+0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5142	+0.031%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0189%	1h	1.5149	+0.078%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5145	+0.051%	$5.6M	$47.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5110	−0.180%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5141	+0.027%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5138	+0.005%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5132	−0.035%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5145	+0.049%	$516K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0681%	1h	1.5135	−0.014%	$2K	$15K	10x	as long as short