Funding you earn now, next payment 23:00 UTC−0.0611%/8h= −67.0% APRnext payment −$0.76 per $10,000 · paid last 24h −0.098%
Price spread now: gTrade (Gains Network) against Hyperliquid+0.231%7-day average −0.069% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$250as in the Price arb table
costs, in and out, $10k−$2802.797% of the position
Funding, last 3 days (all we have)−0.181%−$18 on $10k
+Price spread, last 3 days (all we have)−0.278%−$28 · spread now +0.231%, 7d avg −0.069%
=Together, before fees−0.459%+ Points / potential airdropHyperliquid: Season 2 · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.300% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.231% now, against its 7-day average of −0.069%): +$30 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 3 days (−0.181% in total) that is about 5.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.181% in total (about -21.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.76 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 | 1.5617 | 0.0616 | pay 0.0077% / 1h | 37m 45s | $291.2M | $199.4M | 20x |
| Short | gTrade (Gains Network) XRP/USD | 1.5653 | L +0.0003% / S −0.0004% | get 0.0001% / 1h | 37m 45s | $262K | — | 150x |
Hyperliquid XRP
gTrade (Gains Network) XRP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$128.4
- Price spread: +0.231% → −0.069%
- $30.03
- Slippage, 4 orders
- −$260.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$378.06
- Costs to cover
- 2.797%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle venue), 46 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, 6 min ago | 0.32 bp | 4.8 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle venue), 46 min ago | 130.03 bp | 135.0 bp −$135 | 193.2 bp −$1,932 | 1958.1 bp −$195.8K | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5649 | +0.205% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5594 | −0.149% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5617 | 0.000% | $9.7M | $25.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USDshort | L +0.0003% / S −0.0004% | 1h | 1.5653 | +0.231% | $262K | — | 150x | |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −2.094% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5606 | −0.070% | $15.6M | $68.0M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5643 | +0.166% | $81K | $938K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0134% | 1h | 1.5653 | +0.229% | $922K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5594 | −0.145% | $3.0M | $11.9M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5600 | −0.109% | $461K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-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 | 1.5674 | +0.368% | $1.1M | $5.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5606 | −0.070% | $39.7M | $76.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5594 | −0.147% | $673K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5589 | −0.179% | $562.8M | $1.94B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5592 | −0.160% | $351.0M | $880.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5593 | −0.154% | $127.4M | $872.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5693 | +0.487% | $584K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5602 | −0.096% | $119K | $729K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5683 | +0.423% | $1.7M | $616K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5595 | −0.141% | $374.4M | $137.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5591 | −0.166% | $293.2M | $836.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5592 | −0.158% | $114.9M | $156.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5596 | −0.134% | $271.3M | $357.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5591 | −0.166% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5690 | +0.465% | $12.0M | $29.9M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5681 | +0.408% | $681K | $99.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5652 | +0.226% | $1.1M | $41.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5674 | +0.365% | $1.0M | $879K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5660 | +0.274% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5676 | +0.378% | $47K | $444K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5653 | +0.231% | $42K | $64K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5645 | +0.177% | $842K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5668 | +0.323% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5613 | −0.026% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5604 | −0.082% | $51.3M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5614 | −0.019% | $55.6M | $29.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5592 | −0.159% | $486K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5601 | −0.102% | $12K | $249K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5592 | −0.161% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5615 | −0.013% | $73K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5683 | +0.422% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5675 | +0.371% | $9K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5661 | +0.281% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5619 | +0.013% | $5.8M | $46.7M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5633 | +0.102% | $24.5M | $72.9M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0315% | 1h | 1.5625 | +0.051% | $1.8M | $972K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0325% | 8h | 1.5650 | +0.211% | $1.9M | $32.3M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5730 | +0.724% | $70K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5608 | −0.058% | $509K | $615K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0616% | 1h | 1.5617 | long leg | $291.2M | $199.4M | 20x | |
| Aftermath Perps XRPUSD | +0.0647% | 1h | 1.5674 | +0.363% | $1K | $11K | 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
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
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD