XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0157%/8h= +17.2% APRnext payment +$0.20 per $10,000 · paid last 24h +0.025%

Price spread now: RISEx against Hyperliquid−0.099%110s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$210.210% of the position

Long on Hyperliquid Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.227%+$23 on $10k

Price spread, last 4 days (all we have)+0.282%+$28 · spread now −0.099%, 7d avg −0.022%

Together, before fees+0.509%+ Points / potential airdropHyperliquid: Season 2 · farm board+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.077% cheaper against Hyperliquid than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of −0.022%). If the spread goes back, that is −$8 on $10k: about 39 hours of funding at the current rate (+$5 a day). The two prices were read 110 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XRP	1.5360	0.0179	pay 0.0022% / 1h	13m 47s	$294.0M	$265.5M	20x
Short	RISEx XRP/USDC	1.5345	0.0337	get 0.0042% / 1h	13m 47s	$525K	$784K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee RISExbpOrdersPrice spread, now −0.099%Rate

Funding earned: $33.07
Price spread: −0.099% → −0.022%: −$7.69
Slippage, 4 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $4.38
Costs to cover: 0.210%
Break-even: 6.1 days

Slippage from Hyperliquid: live order book, 10 min ago; RISEx: live order book, 20 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, 10 min ago	0.33 bp	4.8 bp −$5	6.1 bp −$61	11.2 bp −$1,123	doesn't fit
Sell RISEx live order book, 20 min ago	2.41 bp	5.4 bp −$5	10.5 bp −$105	doesn't fit	doesn't fit

XRP on 50 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
Kraken Futures PF_XRPUSD	−0.0170%	1h	1.5363	+0.020%	$14.1M	$74.8M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5346	−0.091%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5310	−0.326%	$69K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5370	+0.065%	$7.8M	$22.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5361	+0.009%	$249K	—	150x	as long as short
dYdX XRP-USD	+0.0006%	1h	1.5359	−0.007%	$1.1M	$123K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.302%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5357	−0.020%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5341	−0.124%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5343	−0.113%	$2.8M	$14.7M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5347	−0.085%	$624K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5355	−0.033%	$20K	$378K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5360	+0.003%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5352	−0.052%	$39.0M	$82.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5362	+0.012%	$618K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5343	−0.111%	$536.1M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5346	−0.091%	$357.9M	$911.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5344	−0.104%	$127.8M	$840.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5326	−0.221%	$562K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5363	+0.020%	$159K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5316	−0.287%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5351	−0.059%	$378.6M	$156.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5348	−0.078%	$319.6M	$929.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5348	−0.079%	$108.4M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5345	−0.098%	$272.3M	$365.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5344	−0.104%	—	$106.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5344	−0.102%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.307%	$665K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5305	−0.355%	$1.1M	$33.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5316	−0.286%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5365	+0.035%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5360	0.000%	$52K	$504K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5360	0.000%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5366	+0.039%	$78K	$646K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5366	+0.040%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5362	+0.013%	$31K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5360	0.000%	$50.1M	$14.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5358	−0.013%	$54.5M	$33.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5362	+0.016%	$479K	$52K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5341	−0.121%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.011%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0133% / S −0.0095%	1h	1.5354	−0.039%	$789K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5366	+0.039%	$5.3M	$46.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0172%	8h	1.5367	+0.046%	$1.7M	$32.8M	2.9x	as long as short
Hyperliquid XRPlong	+0.0179%	1h	1.5360	long leg	$294.0M	$265.5M	20x
BloFin XRP-USDT	+0.0220%	8h	1.5345	−0.098%	$23.8M	$78.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5334	−0.166%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0226%	1h	1.5372	+0.078%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDCshort	+0.0337%	1h	1.5345	−0.099%	$525K	$784K	10x
Aftermath Perps XRPUSD	+0.0520%	1h	1.5310	−0.327%	$3K	$16K	10x	as long as short