Funding you earn now, next payment 02:00 UTC−0.0117%/8h= −12.8% APRnext payment −$0.15 per $10,000 · paid last 24h −0.088%
Price spread now: Derive against Hyperliquid−0.071%7-day average −0.067% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.095%−$10 on $10k
+Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.071%, 7d avg −0.067%
=Together, before fees−0.166%+ Points / potential airdropHyperliquid: Season 2 · farm board−$17 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5174 | 0.0217 | pay 0.0027% / 1h | 32m 22s | $281.1M | $222.3M | 20x |
| Short | Derive XRP-PERP | 1.5163 | 0.0100 | get 0.0013% / 1h | 32m 22s | $816K | $76K | 10x |
Hyperliquid XRP
Derive XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$24.61
- Price spread: −0.071% → −0.067%
- −$0.47
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$40.09
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; Derive: 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, 12 min ago | 0.66 bp | 5.2 bp −$5 | 5.8 bp −$58 | 13.0 bp −$1,303 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 50 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 | 1.5134 | −0.264% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5160 | −0.094% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5100 | −0.488% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5156 | −0.117% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0019% / S +0.0061% | 1h | 1.5157 | −0.115% | $803K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.544% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5156 | −0.121% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0071% | 8h | 1.5161 | −0.086% | $62K | $952K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5164 | −0.063% | $2.8M | $14.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5156 | −0.119% | $517K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5150 | −0.158% | $11K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5159 | −0.096% | $832K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5161 | −0.086% | $38.6M | $84.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5163 | −0.072% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5164 | −0.067% | $539.4M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5162 | −0.079% | $341.2M | $942.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5163 | −0.072% | $124.3M | $873.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5136 | −0.250% | $561K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5164 | −0.066% | $115K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5101 | −0.481% | $1.6M | $307K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5161 | −0.086% | $367.6M | $151.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5163 | −0.072% | $290.1M | $910.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5165 | −0.059% | $107.2M | $171.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5158 | −0.105% | $266.1M | $383.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5159 | −0.099% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5126 | −0.315% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5130 | −0.287% | $657K | $109.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5138 | −0.237% | $1.1M | $38.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5147 | −0.178% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5160 | −0.094% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5164 | −0.066% | $44K | $447K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5162 | −0.077% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERPshort | +0.0100% | 1h | 1.5163 | −0.071% | $816K | $76K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5163 | −0.072% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5158 | −0.105% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5131 | −0.285% | $49.6M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5121 | −0.349% | $53.8M | $29.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5162 | −0.082% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5157 | −0.114% | $2.1M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5160 | −0.092% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5161 | −0.086% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0212% | 1h | 1.5162 | −0.079% | $7.7M | $25.3M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5161 | −0.083% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5163 | −0.072% | $5.7M | $46.7M | 50x | as long as short |
| Hyperliquid XRPlong | +0.0217% | 1h | 1.5174 | long leg | $281.1M | $222.3M | 20x | |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5128 | −0.304% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0346% | 8h | 1.5136 | −0.250% | $2.1M | $36.1M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0351% | 1h | 1.5128 | −0.303% | $1.9M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5164 | −0.066% | $537K | $783K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0776% | 1h | 1.5134 | −0.265% | $2K | $14K | 10x | as long as short |
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD