Funding you earn now, next payment 07:00 UTC+0.0046%/8h= +5.1% APRnext payment +$0.06 per $10,000 · paid last 24h −0.055%
Price spread now: Reya against Hyperliquid−0.026%7-day average −0.071% · 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)+0.004%$0 on $10k
+Price spread, last 7 days−0.036%−$4 · spread now −0.026%, 7d avg −0.071%
=Together, before fees−0.033%+ Points / potential airdropHyperliquid: Season 2 · Reya: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Reya is 0.045% dearer against Hyperliquid than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.071%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5166 | 0.0173 | pay 0.0022% / 1h | 37m 00s | $288.3M | $264.6M | 20x |
| Short | Reya XRPRUSDPERP | 1.5162 | 0.0219 | get 0.0027% / 1h | 37m 00s | $1.3M | $5K | 15x |
Hyperliquid XRP
Reya XRPRUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- $9.7
- Price spread: −0.026% → −0.071%
- $4.55
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$0.75
- Costs to cover
- 0.150%
- Break-even
- 7.5 days
Slippage unknown: Hyperliquid: live order book, 7 min ago; Reya: 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 | 0.33 bp | 4.8 bp −$5 | 4.8 bp −$48 | 8.4 bp −$845 | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 | 1.5157 | −0.059% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5164 | −0.016% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | −0.105% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5152 | −0.090% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5165 | −0.009% | $14.4M | $75.2M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.598% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5168 | +0.013% | $7.7M | $24.9M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S −0.0031% | 1h | 1.5164 | −0.011% | $800K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5171 | +0.033% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5156 | −0.069% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5165 | −0.007% | $545K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5157 | −0.059% | $12K | $368K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5156 | −0.063% | $985K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5157 | −0.059% | $38.5M | $87.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5160 | −0.037% | $616K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5158 | −0.055% | $531.2M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5155 | −0.073% | $345.4M | $963.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5157 | −0.059% | $127.3M | $888.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5151 | −0.099% | $564K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5171 | +0.033% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5145 | −0.138% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5152 | −0.092% | $376.1M | $159.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5158 | −0.053% | $299.0M | $922.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5158 | −0.050% | $107.3M | $181.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5155 | −0.073% | $267.3M | $398.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5157 | −0.059% | — | $105.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | −0.120% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5136 | −0.198% | $658K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5151 | −0.097% | $1.1M | $36.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5156 | −0.066% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5165 | −0.005% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5169 | +0.020% | $47K | $490K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5167 | +0.007% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5165 | −0.007% | $65K | $774K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5145 | −0.140% | $815K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5172 | +0.040% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5166 | 0.000% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5168 | +0.014% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5154 | −0.079% | $54.2M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5167 | +0.008% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5153 | −0.087% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5165 | −0.009% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5153 | −0.083% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0168% | 1h | 1.5164 | −0.013% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRPlong | +0.0173% | 1h | 1.5166 | long leg | $288.3M | $264.6M | 20x | |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5170 | +0.026% | $5.7M | $48.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0209% | 8h | 1.5164 | −0.013% | $1.7M | $35.2M | 2.9x | as long as short |
| Reya XRPRUSDPERPshort | +0.0219% | 1h | 1.5162 | −0.026% | $1.3M | $5K | 15x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5153 | −0.086% | $23.5M | $77.8M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5170 | +0.027% | $523K | $797K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0581% | 1h | 1.5157 | −0.061% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
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-USDT
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD