Funding you earn now, next payment 10:00 UTC+0.0268%/8h= +29.3% APRnext payment +$0.33 per $10,000 · paid last 24h +0.112%
Price spread now: Hyperliquid against Deribit0.000%7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$250.249% of the position
Funding, last 7 days+0.061%+$6 on $10k
+Price spread, last 4 days (all we have)+0.708%+$71 · spread now 0.000%, 7d avg +0.048%
=Together, before fees+0.769%+ Points / potential airdropHyperliquid: Season 2 · farm board+$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 0.048% cheaper against Deribit than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.048%). If the spread goes back, that is −$5 on $10k: about 14 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.061% in total) that is about 5.5 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.061% in total (about 3.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.33 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 | Deribit XRP_USDC-PERPETUAL | 1.5432 | 0 | get 0.0000% / 1h | 56m 00s | $8.0M | $22.1M | 50x |
| Short | Hyperliquid XRP | 1.5432 | 0.0268 | get 0.0033% / 1h | 56m 00s | $298.3M | $266.9M | 20x |
Deribit XRP_USDC-PERPETUAL
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Deribit. 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
- $56.19
- Price spread: 0.000% → +0.048%
- −$4.85
- Slippage, 4 orders
- −$8.95
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $26.4
- Costs to cover
- 0.249%
- Break-even
- 3.7 days
Slippage from Deribit: live order book, 3 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 Deribit live order book, 3 min ago | 0.65 bp | 9.1 bp −$9 | 24.9 bp −$249 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.32 bp | 4.8 bp −$5 | 5.4 bp −$54 | 8.5 bp −$851 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5445 | +0.084% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5437 | +0.032% | $1.1M | $155K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5490 | +0.376% | $70K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUALlong | 0.0000% | 1h | 1.5432 | long leg | $8.0M | $22.1M | 50x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5479 | +0.302% | $251K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0015% | 1h | 1.5425 | −0.042% | $14.1M | $73.4M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +0.829% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5438 | +0.041% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5431 | −0.009% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5428 | −0.026% | $621K | $3.1M | 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
Hibachi XRP/USDT-P
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5438 | +0.039% | $17K | $378K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5453 | +0.137% | $482K | $51K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5435 | +0.023% | $993K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5411 | −0.136% | $39.1M | $83.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5442 | +0.066% | $610K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5411 | −0.136% | $537.7M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5407 | −0.162% | $358.5M | $906.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5404 | −0.181% | $126.3M | $849.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5434 | +0.013% | $567K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5444 | +0.078% | $167K | $705K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5425 | −0.048% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5417 | −0.097% | $385.5M | $155.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5416 | −0.104% | $309.8M | $895.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5426 | −0.038% | $109.5M | $180.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5416 | −0.104% | $273.0M | $360.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5412 | −0.130% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5471 | +0.250% | $4.9M | $38.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5462 | +0.195% | $672K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5484 | +0.334% | $1.1M | $32.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5492 | +0.389% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5444 | +0.077% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5442 | +0.065% | $53K | $480K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5440 | +0.050% | $42K | $66K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5437 | +0.032% | $78K | $623K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5430 | −0.015% | $130K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5426 | −0.039% | $30K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5426 | −0.040% | $50.3M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5423 | −0.058% | $54.8M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5428 | −0.026% | $2.1M | $5.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5441 | +0.056% | $59K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5440 | +0.052% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0120% | 1h | 1.5427 | −0.032% | $5.3M | $45.8M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0145% / S −0.0112% | 1h | 1.5436 | +0.023% | $827K | — | 200x | as long as short |
| Kalshi KXXRPPERP | +0.0170% | 8h | 1.5451 | +0.123% | $1.7M | $32.9M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0190% | 1h | 1.5428 | −0.026% | $2.0M | $1.3M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5443 | +0.071% | $23.8M | $79.4M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0222% | 1h | 1.5420 | −0.079% | $1.4M | $4K | 15x | as long as short |
| Hyperliquid XRPshort | +0.0268% | 1h | 1.5432 | 0.000% | $298.3M | $266.9M | 20x | |
| RISEx XRP/USDC | +0.0272% | 1h | 1.5442 | +0.068% | $516K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0488% | 1h | 1.5458 | +0.169% | $3K | $15K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
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-USDC
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
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
GMX XRP/USD [ETH-USDC]
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD