Funding you earn now, next payment 22:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.063%
Price spread now: Bullet against Hyperliquid−0.142%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Bullet is 0.142% cheaper against Hyperliquid than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5268 | 0.0447 | pay 0.0056% / 1h | 36m 00s | $280.0M | $179.7M | 20x |
| Short | Bullet XRP-USD | 1.5246 | 0.0100 | get 0.0013% / 1h | 36m 00s | $42K | $59K | 20x |
Hyperliquid XRP
Bullet XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$72.93
- Price spread: −0.142% → 0.000%
- −$14.23
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$104.16
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 8 min ago; Bullet: no order-book sample. 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 Hyperliquid live order book, 8 min ago | 0.33 bp | 5.0 bp −$5 | 6.3 bp −$63 | 11.0 bp −$1,101 | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0211% / S +0.0297% | 1h | 1.5243 | −0.166% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5194 | −0.485% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5251 | −0.110% | $1.1M | $99K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5270 | +0.013% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5242 | −0.170% | $9.2M | $24.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5241 | −0.179% | $255K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | +0.144% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5234 | −0.223% | $177K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5252 | −0.107% | $2.9M | $11.3M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5244 | −0.157% | $442K | $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 | 1.5254 | −0.088% | $1.1M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5242 | −0.167% | $38.7M | $71.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5255 | −0.087% | $664K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5252 | −0.105% | $545.5M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5258 | −0.065% | $341.7M | $834.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5252 | −0.105% | $123.0M | $827.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5181 | −0.570% | $568K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5251 | −0.111% | $115K | $646K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5260 | −0.050% | $1.6M | $350K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5248 | −0.131% | $355.7M | $129.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5247 | −0.138% | $288.8M | $800.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5239 | −0.189% | $112.4M | $146.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5249 | −0.124% | $265.3M | $338.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5249 | −0.124% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5263 | −0.036% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5214 | −0.351% | $662K | $95.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5246 | −0.141% | $1.1M | $41.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5264 | −0.026% | $1.0M | $842K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5260 | −0.052% | $50K | $474K | 20x | as long as short |
| Bullet XRP-USDshort | +0.0100% | 1h | 1.5246 | −0.142% | $42K | $59K | 20x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5237 | −0.201% | $821K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5242 | −0.171% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5239 | −0.190% | $29K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5232 | −0.233% | $50.1M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5254 | −0.092% | $54.6M | $28.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5248 | −0.129% | $475K | $54K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5253 | −0.101% | — | $10K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5256 | −0.079% | $12K | $244K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5236 | −0.211% | $2.1M | $7.3M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5237 | −0.204% | $71K | $40K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0118% | 1h | 1.5257 | −0.072% | $1.7M | $924K | 25x | as long as short |
| 01 Exchange XRPUSD | +0.0152% | 1h | 1.5253 | −0.098% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0171% | 1h | 1.5238 | −0.199% | $15.2M | $63.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5250 | −0.118% | $5.4M | $43.3M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5251 | −0.110% | $1.3M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5260 | −0.052% | $23.8M | $66.4M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0222% | 8h | 1.5252 | −0.105% | $1.7M | $31.7M | 2.9x | as long as short |
| Hibachi XRP/USDT-P | +0.0256% | 1h | 1.5265 | −0.023% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5258 | −0.062% | $404K | $496K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0447% | 1h | 1.5268 | long leg | $280.0M | $179.7M | 20x | |
| Aftermath Perps XRPUSD | +0.0522% | 1h | 1.5247 | −0.136% | $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
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
Polymarket Perps XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
01 Exchange XRPUSD
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD