Funding you earn now, next payment 04:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h −0.048%
Price spread now: BloFin against Hyperliquid−0.125%47s7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$240.242% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.284%−$28 · spread now −0.125%, 7d avg −0.059%
=Together, before fees−0.268%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.066% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of −0.059%). If the spread goes back, that is −$7 on $10k: about 44 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.017% in total) that is about 27 days. The two prices were read 47 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 | Hyperliquid XRP | 1.5157 | 0.0100 | pay 0.0013% / 1h | 2m 23s | $280.6M | $227.9M | 20x |
| Short | BloFin XRP-USDT | 1.5138 | 0.0220 | get 0.0220% / 8h | 4h 02m | $24.2M | $76.0M | 125x |
Hyperliquid XRP
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin 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
- $25.2
- Price spread: −0.125% → −0.059%
- −$6.61
- Slippage, 4 orders
- −$3.18
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$5.59
- Costs to cover
- 0.242%
- Break-even
- 8.6 days
Slippage from Hyperliquid: live order book, 12 min ago; BloFin: live order book, 7 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, 12 min ago | 0.66 bp | 5.7 bp −$6 | 6.9 bp −$69 | 11.8 bp −$1,180 | doesn't fit |
| Sell BloFin live order book, 7 min ago | 0.66 bp | 6.7 bp −$7 | 9.3 bp −$93 | 12.4 bp −$1,243 | 19.7 bp −$9,857 |
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 | 1.5140 | −0.112% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5147 | −0.068% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5141 | −0.108% | $1.1M | $111K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5120 | −0.244% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5144 | −0.086% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5151 | −0.040% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.659% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0047% / S +0.0019% | 1h | 1.5143 | −0.090% | $789K | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0093% | 8h | 1.5147 | −0.066% | $62K | $934K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5143 | −0.090% | $2.8M | $14.6M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Orderly PERP_XRP_USDC
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 | 1.5143 | −0.092% | $498K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5133 | −0.158% | $10K | $331K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5139 | −0.115% | $1.1M | $6.0M | 20x | as long as short |
| Hyperliquid XRPlong | +0.0100% | 1h | 1.5157 | long leg | $280.6M | $227.9M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5144 | −0.086% | $38.2M | $83.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5141 | −0.106% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5148 | −0.060% | $533.2M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5150 | −0.046% | $345.9M | $937.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5151 | −0.040% | $127.0M | $875.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5120 | −0.244% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5144 | −0.086% | $110K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5114 | −0.284% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5144 | −0.086% | $369.3M | $154.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5146 | −0.073% | $292.8M | $904.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5144 | −0.084% | $107.8M | $175.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5149 | −0.053% | $268.2M | $385.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5147 | −0.066% | — | $127.4M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5110 | −0.311% | $5.2M | $37.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5109 | −0.317% | $656K | $108.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5115 | −0.276% | $1.1M | $36.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5110 | −0.310% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5143 | −0.090% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5147 | −0.066% | $44K | $454K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5146 | −0.074% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5150 | −0.049% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5142 | −0.098% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5148 | −0.059% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5127 | −0.201% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5140 | −0.112% | $53.8M | $31.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5142 | −0.099% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5145 | −0.077% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5146 | −0.071% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5147 | −0.066% | $8K | $8K | 10x | as long as short |
| Backpack XRP_USDC_PERP | +0.0189% | 1h | 1.5149 | −0.053% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5145 | −0.079% | $5.6M | $47.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5138 | −0.128% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5144 | −0.085% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5138 | −0.125% | $24.2M | $76.0M | 125x | |
| Kalshi KXXRPPERP | +0.0313% | 8h | 1.5132 | −0.165% | $2.1M | $34.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5147 | −0.063% | $516K | $774K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0679% | 1h | 1.5138 | −0.124% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
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
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
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD