Funding you earn now, next payment 00:00 UTC−0.0675%/8h= −73.9% APRnext payment −$0.84 per $10,000 · paid last 24h −0.177%
Price spread now: GMX against Hyperliquid−0.147%7-day average −0.038% · 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)−0.327%−$33 on $10k
+Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.147%, 7d avg −0.038%
=Together, before fees−0.227%+ Points / potential airdropHyperliquid: Season 2 · farm board−$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and GMX is 0.109% cheaper against Hyperliquid than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5615 | 0.0566 | pay 0.0071% / 1h | 56m 59s | $293.9M | $207.0M | 20x |
| Short | GMX XRP/USD [ETH-USDC] | 1.5592 | L +0.0003% / S +0.0110% | pay 0.0014% / 1h | 56m 59s | $858K | — | 200x |
Hyperliquid XRP
GMX XRP/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$141.82
- Price spread: −0.147% → −0.038%
- −$10.91
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$173.73
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 7 min ago; GMX: 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, 7 min ago | 0.32 bp | 5.2 bp −$5 | 6.2 bp −$62 | 11.9 bp −$1,192 | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5579 | −0.231% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5582 | −0.214% | $1.1M | $113K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5598 | −0.109% | $9.6M | $25.4M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0003% / S +0.0110% | 1h | 1.5592 | −0.147% | $858K | — | 200x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5592 | −0.145% | $261K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0031% | 1h | 1.5599 | −0.102% | $15.7M | $68.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0055% | 8h | 1.5594 | −0.134% | $77K | $909K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | −0.352% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5599 | −0.102% | $3.0M | $12.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5601 | −0.090% | $445K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
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 | 1.5583 | −0.202% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5607 | −0.049% | $39.6M | $79.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5583 | −0.204% | $642K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5612 | −0.022% | $561.2M | $2.00B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5611 | −0.026% | $348.7M | $908.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5613 | −0.013% | $128.1M | $890.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5574 | −0.263% | $578K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5589 | −0.167% | $119K | $748K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5609 | −0.038% | $374.2M | $142.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5610 | −0.032% | $304.2M | $856.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5609 | −0.040% | $113.8M | $161.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5610 | −0.032% | $273.0M | $367.8M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5609 | −0.038% | — | $120.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5530 | −0.542% | $11.6M | $30.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5558 | −0.366% | $679K | $102.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5558 | −0.363% | $1.1M | $41.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5549 | −0.423% | $1.0M | $884K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5597 | −0.115% | $46K | $449K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5593 | −0.139% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5598 | −0.109% | $840K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5601 | −0.088% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5596 | −0.122% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5588 | −0.170% | $51.2M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5596 | −0.122% | $55.5M | $29.2M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5562 | −0.342% | $1.7M | $573K | 20x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5587 | −0.180% | — | $10K | 10x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5584 | −0.200% | $486K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5589 | −0.167% | $11K | $261K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5607 | −0.048% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5598 | −0.110% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0152% | 1h | 1.5593 | −0.141% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5592 | −0.145% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5596 | −0.122% | $24.5M | $74.3M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5607 | −0.051% | $6.0M | $47.9M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0288% | 1h | 1.5573 | −0.268% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0320% | 8h | 1.5603 | −0.077% | $2.0M | $33.4M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0359% | 1h | 1.5607 | −0.051% | $1.7M | $1.0M | 25x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5530 | −0.544% | $69K | $89K | 15x | as long as short |
| Hyperliquid XRPlong | +0.0566% | 1h | 1.5615 | long leg | $293.9M | $207.0M | 20x | |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5599 | −0.102% | $511K | $631K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0768% | 1h | 1.5560 | −0.355% | $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
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
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Bulk XRP-USD
Vest XRP-PERP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD