Funding you earn now, next payment 22:00 UTC+0.0351%/8h= +38.5% APRpaid last 24h +0.063%
Price spread now: Hyperliquid against KuCoin+0.121%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs−$17as in the Price arb table
costs, in and out, $10k−$260.256% of the position
Funding, last 7 days+0.169%+$17 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.121%, 7d avg +0.035%
=Together, before fees+0.065%+ Points / potential airdropHyperliquid: Season 2 · farm board+$7 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.086% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.035%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.169% in total (about 8.8% 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 | KuCoin XRPUSDTM | 1.5249 | 0.0100 | pay 0.0100% / 8h | 2h 29m | $113.1M | $147.1M | 75x |
| Short | Hyperliquid XRP | 1.5267 | 0.0451 | get 0.0056% / 1h | 29m 09s | $279.8M | $181.0M | 20x |
KuCoin XRPUSDTM
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against KuCoin. 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
- $73.77
- Price spread: +0.121% → +0.035%
- $8.58
- Slippage, 4 orders
- −$4.65
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $56.71
- Costs to cover
- 0.256%
- Break-even
- 1.6 days
Slippage from KuCoin: live order book, 5 min ago; Hyperliquid: live order book, 5 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 KuCoin live order book, 5 min ago | 0.03 bp | 8.4 bp −$8 | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 5 min ago | 0.33 bp | 4.8 bp −$5 | 5.8 bp −$58 | 10.6 bp −$1,058 | 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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0210% / S +0.0297% | 1h | 1.5244 | −0.032% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5229 | −0.129% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5233 | −0.104% | $1.1M | $99K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5220 | −0.188% | $68K | $89K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5253 | +0.029% | $9.2M | $24.0M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5244 | −0.028% | $255K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | +0.272% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5243 | −0.037% | $178K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5252 | +0.025% | $2.9M | $11.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5253 | +0.029% | $443K | $3.1M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
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 | 1.5244 | −0.027% | $1.0M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5246 | −0.014% | $38.7M | $71.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5228 | −0.134% | $663K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5250 | +0.011% | $545.5M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5251 | +0.016% | $341.4M | $834.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5247 | −0.010% | $122.9M | $827.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5228 | −0.135% | $566K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5238 | −0.070% | $114K | $647K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5201 | −0.311% | $1.6M | $350K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5250 | +0.009% | $356.1M | $129.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5249 | +0.003% | $289.8M | $803.5M | 300x | as long as short |
| KuCoin XRPUSDTMlong | +0.0100% | 8h | 1.5249 | long leg | $113.1M | $147.1M | 75x | |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5249 | +0.003% | $265.4M | $338.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5249 | +0.003% | — | $113.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5205 | −0.287% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5202 | −0.306% | $661K | $95.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5221 | −0.182% | $1.1M | $41.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5204 | −0.292% | $1.0M | $848K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5237 | −0.076% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5243 | −0.037% | $49K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5242 | −0.040% | $42K | $59K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5247 | −0.013% | $821K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5248 | −0.002% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5248 | −0.004% | $27K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5227 | −0.139% | $50.1M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5249 | +0.003% | $54.5M | $28.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5226 | −0.147% | $475K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5241 | −0.050% | $11K | $235K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5246 | −0.014% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5247 | −0.010% | $71K | $40K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0126% | 1h | 1.5260 | +0.075% | $1.7M | $915K | 25x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5240 | −0.056% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0171% | 1h | 1.5251 | +0.014% | $15.3M | $63.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5253 | +0.029% | $5.4M | $43.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0207% | 8h | 1.5237 | −0.076% | $1.7M | $31.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0210% | 1h | 1.5244 | −0.031% | $1.3M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5233 | −0.102% | $23.8M | $66.4M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0248% | 1h | 1.5206 | −0.278% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5244 | −0.032% | $404K | $496K | 10x | as long as short |
| Hyperliquid XRPshort | +0.0451% | 1h | 1.5267 | +0.121% | $279.8M | $181.0M | 20x | |
| Aftermath Perps XRPUSD | +0.0546% | 1h | 1.5235 | −0.090% | $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-USDT
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
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD