Funding you earn now, next payment 01:00 UTC+0.0281%/8h= +30.8% APRnext payment +$0.35 per $10,000 · paid last 24h +0.080%
Price spread now: Hyperliquid against Ondo Perps+0.215%7-day average +0.121% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.222%+$22 on $10k
+Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.215%, 7d avg +0.121%
=Together, before fees+0.205%+ Points / potential airdropOndo Perps: Active · Hyperliquid: Season 2 · farm board+$20 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Hyperliquid is 0.094% dearer against Ondo Perps than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.121%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XRP-USD.P | 1.5317 | 0.0100 | pay 0.0013% / 1h | 16m 31s | $570K | $42K | 5x |
| Short | Hyperliquid XRP | 1.5350 | 0.0381 | get 0.0048% / 1h | 16m 31s | $289.2M | $214.8M | 20x |
Ondo Perps XRP-USD.P
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Ondo Perps. 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
- $59.11
- Price spread: +0.215% → +0.121%
- $9.45
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $54.56
- Costs to cover
- 0.140%
- Break-even
- 0.5 days
Slippage unknown: Ondo Perps: no order-book sample; Hyperliquid: live order book, 7 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 0.32 bp | 4.8 bp −$5 | 6.1 bp −$61 | 9.6 bp −$963 | doesn't fit |
Ondo Perps: 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 | 1.5322 | +0.033% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5331 | +0.094% | $1.1M | $112K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5312 | −0.035% | $256K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0016% / S +0.0075% | 1h | 1.5309 | −0.051% | $840K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.586% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0063% | 8h | 1.5318 | +0.007% | $58K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5338 | +0.137% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5343 | +0.172% | $2.8M | $14.0M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5345 | +0.183% | $515K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5331 | +0.091% | $9K | $280K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5340 | +0.148% | $478K | $55K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5338 | +0.139% | $1.0M | $5.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5340 | +0.151% | $38.8M | $83.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5343 | +0.170% | $634K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5337 | +0.133% | $542.0M | $2.05B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5337 | +0.131% | $341.9M | $920.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5338 | +0.137% | $124.7M | $868.0M | 100x | as long as short |
| Ondo Perps XRP-USD.Plong | +0.0100% | 1h | 1.5317 | long leg | $570K | $42K | 5x | |
| Arcus XRP-USD | +0.0100% | 1h | 1.5341 | +0.157% | $117K | $711K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5274 | −0.277% | $1.6M | $378K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5338 | +0.137% | $374.2M | $151.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5341 | +0.157% | $308.3M | $910.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5338 | +0.135% | $110.4M | $166.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5335 | +0.118% | $268.4M | $375.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5338 | +0.137% | — | $123.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5315 | −0.013% | $6.3M | $35.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5316 | −0.004% | $667K | $107.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5327 | +0.065% | $1.1M | $38.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5312 | −0.033% | $1.2M | $996K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5327 | +0.065% | $49K | $444K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5313 | −0.027% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5321 | +0.027% | $825K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5314 | −0.021% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5321 | +0.026% | $30K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5313 | −0.028% | $50.2M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5325 | +0.052% | $54.5M | $29.6M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5316 | −0.006% | — | $9K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5331 | +0.093% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5318 | +0.005% | $59K | $25K | 3x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0142% | 1h | 1.5324 | +0.046% | $9.3M | $25.1M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5317 | +0.002% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5323 | +0.039% | $24.1M | $73.6M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5325 | +0.052% | $5.7M | $46.5M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0244% | 1h | 1.5322 | +0.032% | $14.6M | $70.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0294% | 1h | 1.5335 | +0.118% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0312% | 8h | 1.5322 | +0.033% | $2.0M | $34.8M | 2.9x | as long as short |
| Hibachi XRP/USDT-P | +0.0312% | 1h | 1.5292 | −0.165% | $17K | $81K | 7x | as long as short |
| Hyperliquid XRPshort | +0.0381% | 1h | 1.5350 | +0.215% | $289.2M | $214.8M | 20x | |
| Phoenix XRP | +0.0520% | 1h | 1.5320 | +0.020% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0798% | 1h | 1.5331 | +0.089% | $2K | $13K | 10x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5339 | +0.144% | $543K | $773K | 10x | as long as short |
Paradex XRP-USD-PERP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
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
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Hibachi XRP/USDT-P
Phoenix XRP
Aftermath Perps XRPUSD
RISEx XRP/USDC