Funding you earn now, next payment 00:00 UTC+0.0466%/8h= +51.0% APRnext payment +$0.58 per $10,000 · paid last 24h +0.076%
Price spread now: Hyperliquid against Lighter−0.011%7-day average +0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs+$6as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$140.141% of the position
Funding, last 7 days+0.196%+$20 on $10k
+Price spread, last 7 days−0.015%−$1 · spread now −0.011%, 7d avg +0.042%
=Together, before fees+0.181%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board+$18 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.053% cheaper against Lighter than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.042%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.196% in total) that is about 46 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.196% in total (about 10.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. 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 | Lighter XRP | 1.5308 | 0.0096 | pay 0.0012% / 1h | 6m 21s | $2.9M | $13.5M | 20x |
| Short | Hyperliquid XRP | 1.5306 | 0.0562 | get 0.0070% / 1h | 6m 21s | $290.2M | $215.3M | 20x |
Lighter XRP
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter. 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
- $97.77
- Price spread: −0.011% → +0.042%
- −$5.32
- Slippage, 4 orders
- −$5.05
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $78.39
- Costs to cover
- 0.141%
- Break-even
- 1.4 days
Slippage from Lighter: live order book, 7 min ago; Hyperliquid: live order book, 8 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 Lighter live order book, 7 min ago | 1.06 bp | 2.4 bp −$2 | 5.8 bp −$58 | 17.8 bp −$1,778 | 37.8 bp −$18.9K |
| Sell Hyperliquid live order book, 8 min ago | 0.33 bp | 4.8 bp −$5 | 5.5 bp −$55 | 10.0 bp −$996 | 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 | 1.5307 | −0.005% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5298 | −0.061% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5340 | +0.211% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5292 | −0.101% | $256K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0006% / S +0.0091% | 1h | 1.5291 | −0.110% | $838K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5304 | −0.024% | $9.3M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5304 | −0.027% | $14.9M | $69.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0060% | 8h | 1.5299 | −0.057% | $75K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.648% | $2K | $107K | 30x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5308 | long leg | $2.9M | $13.5M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5306 | −0.011% | $504K | $3.2M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5300 | −0.047% | $1.1M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5296 | −0.080% | $38.7M | $82.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5306 | −0.011% | $630K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5296 | −0.076% | $542.8M | $2.06B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5295 | −0.083% | $338.0M | $928.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5302 | −0.037% | $124.8M | $879.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5309 | +0.008% | $570K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5304 | −0.024% | $115K | $701K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5333 | +0.166% | $1.7M | $570K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5285 | −0.148% | $360.8M | $148.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5283 | −0.161% | $295.2M | $896.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5281 | −0.172% | $108.1M | $166.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5299 | −0.057% | $267.1M | $376.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5296 | −0.076% | — | $122.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5290 | −0.113% | $8.2M | $33.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5337 | +0.193% | $666K | $105.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5343 | +0.230% | $1.1M | $40.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5338 | +0.198% | $1.0M | $901K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5298 | −0.063% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5301 | −0.044% | $47K | $456K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5291 | −0.109% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5303 | −0.032% | $824K | $82K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5306 | −0.011% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5301 | −0.044% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5306 | −0.010% | $50.2M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5311 | +0.021% | $54.6M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5303 | −0.033% | $477K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5301 | −0.044% | $11K | $269K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5297 | −0.073% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5298 | −0.061% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5308 | +0.002% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5285 | −0.152% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5314 | +0.041% | $24.1M | $74.7M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5317 | +0.061% | $5.8M | $46.7M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0260% | 1h | 1.5317 | +0.061% | $1.7M | $1.0M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0296% | 1h | 1.5345 | +0.243% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0313% | 8h | 1.5312 | +0.028% | $2.0M | $34.5M | 2.9x | as long as short |
| Hyperliquid XRPshort | +0.0562% | 1h | 1.5306 | −0.011% | $290.2M | $215.3M | 20x | |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5305 | −0.017% | $539K | $738K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0796% | 1h | 1.5332 | +0.157% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
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
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
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD