XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.114%

Price spread now: Hyperliquid against dYdX+0.030%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$650.648% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.319%+$32 on $10k

Price spread, last 7 days+0.069%+$7 · spread now +0.030%, 7d avg +0.043%

Together, before fees+0.388%+ Points / potential airdropHyperliquid: Season 2 · farm board+$39 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.043%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5343	0	get 0.0000% / 1h	52m 18s	$1.1M	$154K	10x
Short	Hyperliquid XRP	1.5348	0.0100	get 0.0013% / 1h	52m 18s	$299.2M	$266.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.030%Rate

Funding earned: $21
Price spread: +0.030% → +0.043%: −$1.28
Slippage, 4 orders: −$45.79
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$45.08
Costs to cover: 0.648%
Break-even: 22.0 days

Slippage from dYdX: 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 dYdX live order book, 5 min ago	22.11 bp	27.1 bp −$27	27.1 bp −$271	30.1 bp −$3,011	83.6 bp −$41.8K
Sell Hyperliquid live order book, 5 min ago	0.32 bp	5.2 bp −$5	6.0 bp −$60	9.9 bp −$991	doesn't fit

XRP on 50 exchanges

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	1.5403	+0.389%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5345	+0.009%	$14.1M	$71.5M	50x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5343	long leg	$1.1M	$154K	10x
Phoenix XRP	0.0000%	1h	1.5360	+0.109%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5340	−0.022%	$7.8M	$21.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5357	+0.087%	$246K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5335	−0.054%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.412%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0060%	1h	1.5359	+0.102%	$30K	$1.5M	10x	as long as short
Ondo Perps XRP-USD.P	+0.0087%	1h	1.5365	+0.141%	$565K	$37K	5x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5346	+0.015%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5347	+0.024%	$599K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5343	−0.002%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5335	−0.054%	$10K	$402K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5332	−0.077%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRPshort	+0.0100%	1h	1.5348	+0.030%	$299.2M	$266.5M	20x
Aster XRPUSDT	+0.0100%	8h	1.5344	+0.004%	$39.4M	$81.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5342	−0.009%	$593K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5344	+0.004%	$535.3M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5346	+0.017%	$362.3M	$889.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5345	+0.011%	$124.8M	$838.3M	100x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	+0.017%	$165K	$681K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5379	+0.233%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5337	−0.041%	$382.8M	$155.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5334	−0.061%	$312.5M	$887.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5336	−0.046%	$106.6M	$181.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5337	−0.041%	$272.1M	$357.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5337	−0.041%	—	$101.0M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5365	+0.141%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5375	+0.204%	$5.0M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5375	+0.208%	$668K	$109.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5368	+0.161%	$1.1M	$30.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5372	+0.187%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5342	−0.005%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5335	−0.054%	$52K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5336	−0.050%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5335	−0.054%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5339	−0.026%	$129K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5341	−0.015%	$50.0M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5346	+0.017%	$54.7M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5332	−0.071%	$2.2M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5332	−0.071%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5343	−0.002%	$5.5M	$44.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5359	+0.102%	$17K	$76K	7x	as long as short
Kalshi KXXRPPERP	+0.0139%	8h	1.5341	−0.015%	$1.9M	$35.0M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0203% / S −0.0551%	1h	1.5345	+0.009%	$805K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5358	+0.096%	$23.9M	$78.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5332	−0.074%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5344	+0.007%	$515K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0430%	1h	1.5375	+0.204%	$3K	$13K	10x	as long as short