Funding you earn now, next payment 22:00 UTC−0.0522%/8h= −57.2% APRnext payment −$0.65 per $10,000 · paid last 24h −0.117%
Price spread now: Hotstuff against Hyperliquid−0.072%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 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Hotstuff is 0.072% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 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 | 1.5277 | 0.0442 | pay 0.0055% / 1h | 40m 18s | $280.2M | $179.6M | 20x |
| Short | Hotstuff XRP-PERP | 1.5266 | −0.0080 | pay 0.0010% / 1h | 40m 18s | $7K | $2K | 20x |
Hyperliquid XRP
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$109.72
- Price spread: −0.072% → 0.000%
- −$7.2
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$130.92
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Hotstuff: 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, 4 min ago | 0.33 bp | 5.0 bp −$5 | 6.3 bp −$63 | 11.0 bp −$1,101 | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 | 1.5252 | −0.166% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERPshort | −0.0080% | 1h | 1.5266 | −0.072% | $7K | $2K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5251 | −0.170% | $1.1M | $100K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5270 | −0.046% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5246 | −0.203% | $9.3M | $23.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5248 | −0.192% | $255K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | +0.085% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0047% | 8h | 1.5239 | −0.249% | $178K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5254 | −0.151% | $2.9M | $11.3M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5250 | −0.177% | $443K | $3.1M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
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 | 1.5265 | −0.078% | $1.1M | $5.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5249 | −0.185% | $38.8M | $71.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5251 | −0.170% | $664K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5251 | −0.171% | $545.2M | $1.83B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5248 | −0.190% | $342.0M | $832.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5241 | −0.236% | $122.9M | $824.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5210 | −0.439% | $568K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5252 | −0.164% | $115K | $645K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5260 | −0.108% | $1.6M | $350K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5252 | −0.164% | $355.4M | $128.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5255 | −0.144% | $290.5M | $797.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5266 | −0.071% | $111.8M | $146.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5241 | −0.236% | $264.8M | $336.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5251 | −0.170% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5263 | −0.094% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5198 | −0.514% | $660K | $95.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5187 | −0.587% | $1.1M | $41.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5201 | −0.497% | $1.0M | $830K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5261 | −0.107% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5270 | −0.046% | $51K | $459K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5250 | −0.174% | $42K | $59K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5240 | −0.243% | $821K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5272 | −0.035% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5243 | −0.223% | $29K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5260 | −0.113% | $50.2M | $14.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5264 | −0.085% | $54.6M | $28.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5248 | −0.189% | $475K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5249 | −0.183% | $11K | $244K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5239 | −0.247% | $2.0M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5240 | −0.240% | $71K | $40K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0117% | 1h | 1.5273 | −0.026% | $1.7M | $924K | 25x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5252 | −0.164% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0171% | 1h | 1.5246 | −0.204% | $15.2M | $62.8M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5275 | −0.013% | $5.3M | $42.8M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5266 | −0.070% | $1.3M | $10K | 15x | as long as short |
| Kalshi KXXRPPERP | +0.0216% | 8h | 1.5274 | −0.020% | $1.7M | $31.7M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5262 | −0.098% | $24.0M | $66.0M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0256% | 1h | 1.5268 | −0.060% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5255 | −0.146% | $404K | $502K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0442% | 1h | 1.5277 | long leg | $280.2M | $179.6M | 20x | |
| Aftermath Perps XRPUSD | +0.0502% | 1h | 1.5245 | −0.210% | $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
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
Backpack XRP_USDC_PERP
01 Exchange XRPUSD
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
Kalshi KXXRPPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD