Funding you earn now, next payment 22:00 UTC−0.0349%/8h= −38.2% APRnext payment −$0.44 per $10,000 · paid last 24h −0.058%
Price spread now: Arcus against Hyperliquid−0.226%7-day average −0.072% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$190.186% of the position
Funding, last 3 days (all we have)−0.080%−$8 on $10k
+Price spread, last 4 days (all we have)+0.349%+$35 · spread now −0.226%, 7d avg −0.072%
=Together, before fees+0.269%+ Points / potential airdropHyperliquid: Season 2 · farm board+$27 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Arcus is 0.153% cheaper against Hyperliquid than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.072%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.080% in total (about -8.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 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 | Hyperliquid XRP | 1.5326 | 0.0449 | pay 0.0056% / 1h | 54m 39s | $287.0M | $172.5M | 20x |
| Short | Arcus XRP-USD | 1.5291 | 0.0100 | get 0.0013% / 1h | 54m 39s | $116K | $641K | 20x |
Hyperliquid XRP
Arcus XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Arcus against Hyperliquid. 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
- −$73.26
- Price spread: −0.226% → −0.072%
- −$15.32
- Slippage, 4 orders
- −$5.13
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Net
- −$107.21
- Costs to cover
- 0.186%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; Arcus: live order book, 34 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 Hyperliquid live order book, 9 min ago | 0.33 bp | 4.9 bp −$5 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Arcus live order book, 34 min ago | 1.32 bp | 4.8 bp −$5 | 13.5 bp −$135 | 34.5 bp −$3,446 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0211% / S +0.0297% | 1h | 1.5321 | −0.030% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5308 | −0.115% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5298 | −0.177% | $1.1M | $101K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5310 | −0.102% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5331 | +0.035% | $9.3M | $23.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5322 | −0.021% | $256K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | −0.232% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5322 | −0.023% | $180K | $785K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5308 | −0.114% | $3.0M | $11.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5305 | −0.134% | $445K | $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 | 1.5315 | −0.071% | $1.1M | $5.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5306 | −0.128% | $39.0M | $71.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5300 | −0.164% | $674K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5295 | −0.200% | $547.6M | $1.83B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5291 | −0.226% | $345.3M | $828.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5280 | −0.297% | $123.7M | $825.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5280 | −0.297% | $569K | $40K | 5x | as long as short |
| Arcus XRP-USDshort | +0.0100% | 1h | 1.5291 | −0.226% | $116K | $641K | 20x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5314 | −0.074% | $1.6M | $344K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5284 | −0.271% | $355.5M | $127.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5291 | −0.226% | $300.0M | $783.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5291 | −0.226% | $112.5M | $145.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5278 | −0.311% | $266.1M | $335.8M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5286 | −0.258% | — | $112.6M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5335 | +0.061% | $1.7M | $914K | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5304 | −0.138% | $6.4M | $24.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5291 | −0.227% | $664K | $94.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5312 | −0.087% | $1.1M | $42.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5293 | −0.213% | $1.0M | $823K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5315 | −0.067% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5325 | −0.004% | $52K | $456K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5320 | −0.035% | $42K | $61K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5327 | +0.011% | $825K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5324 | −0.009% | $129K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5329 | +0.022% | $31K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5330 | +0.030% | $50.5M | $14.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5330 | +0.029% | $54.8M | $27.9M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5287 | −0.253% | $477K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5285 | −0.265% | $11K | $236K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5274 | −0.336% | $2.1M | $7.4M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5325 | −0.004% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5323 | −0.017% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0170% | 1h | 1.5333 | +0.047% | $15.3M | $62.4M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5337 | +0.074% | $5.3M | $42.6M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0202% | 8h | 1.5322 | −0.023% | $1.7M | $31.9M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5320 | −0.037% | $1.4M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5325 | −0.004% | $24.1M | $65.8M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0256% | 1h | 1.5289 | −0.240% | $19K | $54K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5294 | −0.208% | $405K | $503K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0449% | 1h | 1.5326 | long leg | $287.0M | $172.5M | 20x | |
| Aftermath Perps XRPUSD | +0.0544% | 1h | 1.5322 | −0.024% | $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
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Backpack XRP_USDC_PERP
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
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
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD