Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.118%
Price spread now: dYdX against Hyperliquid+0.174%95s7-day average −0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$92as 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−$600.603% of the position
Funding, last 7 days−0.319%−$32 on $10k
+Price spread, last 7 days−0.273%−$27 · spread now +0.174%, 7d avg −0.043%
=Together, before fees−0.593%+ Points / potential airdropHyperliquid: Season 2 · farm board−$59 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.218% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.174% now, against its 7-day average of −0.043%): +$22 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.3 days. The two prices were read 95 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 | 1.5392 | 0.0100 | pay 0.0013% / 1h | 58m 11s | $300.0M | $267.8M | 20x |
| Short | dYdX XRP-USD | 1.5419 | 0 | get 0.0000% / 1h | 58m 11s | $1.1M | $155K | 10x |
Hyperliquid XRP
dYdX XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.174% → −0.043%
- $21.77
- Slippage, 4 orders
- −$41.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$59.54
- Costs to cover
- 0.603%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 9 min ago; dYdX: live order book, 4 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 | 0.32 bp | 4.8 bp −$5 | 5.3 bp −$53 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 4 min ago | 20.12 bp | 25.5 bp −$26 | 27.5 bp −$275 | 36.6 bp −$3,659 | 287.9 bp −$144.0K |
XRP on 50 exchanges
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 | 1.5403 | +0.071% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5382 | −0.065% | $14.1M | $72.0M | 50x | as long as short |
| SoDEX XRP-USD | −0.0027% | 1h | 1.5382 | −0.065% | $30K | $1.5M | 10x | as long as short |
| dYdX XRP-USDshort | 0.0000% | 1h | 1.5419 | +0.174% | $1.1M | $155K | 10x | |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5386 | −0.039% | $7.9M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5387 | −0.032% | $246K | — | 150x | as long as short |
| Ondo Perps XRP-USD.P | +0.0006% | 1h | 1.5389 | −0.019% | $565K | $37K | 5x | as long as short |
| 01 Exchange XRPUSD | +0.0016% | 1h | 1.5392 | 0.000% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.091% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5380 | −0.075% | $2.8M | $14.0M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
SoDEX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Ondo Perps XRP-USD.P
01 Exchange XRPUSD
Injective XRP/USDC PERP
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5384 | −0.052% | $605K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5392 | 0.000% | $480K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5386 | −0.039% | $9K | $400K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5394 | +0.016% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRPlong | +0.0100% | 1h | 1.5392 | long leg | $300.0M | $267.8M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5386 | −0.039% | $39.4M | $81.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5404 | +0.077% | $596K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5377 | −0.095% | $536.2M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5382 | −0.065% | $364.7M | $893.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5381 | −0.071% | $124.9M | $841.8M | 100x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5399 | +0.045% | $165K | $684K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5385 | −0.045% | $383.6M | $155.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5378 | −0.091% | $309.7M | $885.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5382 | −0.067% | $106.9M | $181.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5380 | −0.078% | $272.8M | $358.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5377 | −0.097% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5390 | −0.014% | $5.0M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5392 | +0.003% | $669K | $110.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5425 | +0.213% | $1.1M | $31.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5405 | +0.084% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5392 | +0.003% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5385 | −0.045% | $53K | $476K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5384 | −0.049% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5384 | −0.052% | $84K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5384 | −0.052% | $129K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5378 | −0.092% | $50.1M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5384 | −0.052% | $54.8M | $33.3M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5369 | −0.148% | $1.6M | $25K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5377 | −0.096% | $2.2M | $6.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5377 | −0.097% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5385 | −0.045% | $5.5M | $44.9M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5403 | +0.074% | $17K | $76K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0120% | 1h | 1.5390 | −0.013% | $2.0M | $1.2M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0142% | 8h | 1.5400 | +0.052% | $1.9M | $34.8M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0168% / S −0.0366% | 1h | 1.5401 | +0.059% | $610K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5399 | +0.045% | $23.9M | $78.9M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5377 | −0.098% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5391 | −0.004% | $514K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0433% | 1h | 1.5404 | +0.077% | $3K | $14K | 10x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5410 | +0.117% | $69K | $108K | 15x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Arcus 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
Orderly PERP_XRP_USDC
SunX XRP-USDT
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD
Phoenix XRP