Funding you earn now, next payment 23:00 UTC−0.0502%/8h= −55.0% APRpaid last 24h −0.069%
Price spread now: KuCoin against Hyperliquid−0.101%7-day average −0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$290.288% of the position
Funding, last 7 days−0.175%−$17 on $10k
+Price spread, last 7 days+0.087%+$9 · spread now −0.101%, 7d avg −0.035%
=Together, before fees−0.088%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and KuCoin is 0.066% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.035%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.175% in total (about -9.1% a year). A funding rate is set anew for every payment. 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 | 1.5538 | 0.0602 | pay 0.0075% / 1h | 32m 58s | $290.4M | $200.5M | 20x |
| Short | KuCoin XRPUSDTM | 1.5522 | 0.0100 | get 0.0100% / 8h | 1h 32m | $113.7M | $157.8M | 75x |
Hyperliquid XRP
KuCoin XRPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$105.41
- Price spread: −0.101% → −0.035%
- −$6.64
- Slippage, 4 orders
- −$7.77
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$140.82
- Costs to cover
- 0.288%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; KuCoin: live order book, 6 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, 11 min ago | 0.32 bp | 4.8 bp −$5 | 7.0 bp −$70 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 0.89 bp | 9.1 bp −$9 | 11.8 bp −$118 | 29.6 bp −$2,958 | 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 | 1.5537 | −0.006% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5530 | −0.052% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5520 | −0.116% | $9.6M | $25.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5522 | −0.104% | $260K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.596% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5518 | −0.130% | $15.6M | $68.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5521 | −0.109% | $77K | $941K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0129% | 1h | 1.5521 | −0.109% | $914K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5522 | −0.101% | $3.0M | $12.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5524 | −0.090% | $455K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
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 | 1.5528 | −0.061% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5516 | −0.143% | $39.3M | $77.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5542 | +0.023% | $671K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5515 | −0.148% | $558.7M | $1.95B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5514 | −0.154% | $348.2M | $886.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5513 | −0.161% | $127.4M | $872.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5544 | +0.039% | $580K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5542 | +0.026% | $117K | $735K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5683 | +0.933% | $1.7M | $616K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5515 | −0.148% | $374.7M | $138.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5516 | −0.142% | $289.7M | $842.0M | 300x | as long as short |
| KuCoin XRPUSDTMshort | +0.0100% | 8h | 1.5522 | −0.101% | $113.7M | $157.8M | 75x | |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5513 | −0.161% | $270.6M | $359.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5516 | −0.142% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5595 | +0.365% | $11.8M | $30.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5564 | +0.165% | $677K | $100.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5554 | +0.106% | $1.1M | $41.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5582 | +0.283% | $1.0M | $881K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5529 | −0.058% | $46K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5523 | −0.098% | $42K | $65K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5524 | −0.087% | $836K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5524 | −0.091% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5518 | −0.129% | $32K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5513 | −0.159% | $51.0M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5520 | −0.116% | $55.3M | $29.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5530 | −0.055% | — | $10K | 10x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5531 | −0.045% | $484K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5536 | −0.013% | $12K | $250K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5516 | −0.142% | $2.2M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5522 | −0.106% | $72K | $40K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0144% | 1h | 1.5580 | +0.273% | $18K | $81K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5543 | +0.032% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5523 | −0.099% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5530 | −0.051% | $5.8M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5518 | −0.129% | $24.6M | $73.3M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0269% | 1h | 1.5526 | −0.077% | $1.8M | $988K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0317% | 8h | 1.5542 | +0.026% | $1.9M | $32.5M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5570 | +0.206% | $69K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5548 | +0.066% | $510K | $622K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0602% | 1h | 1.5538 | long leg | $290.4M | $200.5M | 20x | |
| Aftermath Perps XRPUSD | +0.0709% | 1h | 1.5594 | +0.359% | $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
Bitget XRPUSDT
BingX XRP-USDC
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
Vest XRP-PERP
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