XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0283%/8h= +31.0% APRnext payment +$0.35 per $10,000 · paid last 24h +0.137%

Price spread now: Hyperliquid against Hotstuff−0.047%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Hotstuff Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHotstuff: Active · Hyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.047% cheaper against Hotstuff than usual: you would sell low and buy high (spread −0.047% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hotstuff XRP-PERP	1.5179	−0.0080	get 0.0010% / 1h	21m 59s	$5K	$3K	20x
Short	Hyperliquid XRP	1.5172	0.0203	get 0.0025% / 1h	21m 59s	$280.8M	$221.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Hotstuff. 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 HotstuffbpFee HyperliquidbpOrdersPrice spread, now −0.047%Rate

Funding earned: $59.38
Price spread: −0.047% → 0.000%: −$4.71
Slippage, 4 orders: no order book: not counted
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $40.67
Costs to cover: 0.140%
Break-even: 2.2 days

Slippage unknown: Hotstuff: no order-book sample; Hyperliquid: live order book, 12 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 Hotstuff no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 12 min ago	0.33 bp	4.8 bp −$5	6.7 bp −$67	11.9 bp −$1,192	doesn't fit

Hotstuff: 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 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-PERPlong	−0.0080%	1h	1.5179	long leg	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5175	−0.025%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.204%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5170	−0.060%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0021% / S +0.0058%	1h	1.5171	−0.055%	$802K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.510%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5162	−0.111%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5170	−0.059%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5170	−0.059%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5166	−0.087%	$2.9M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5164	−0.099%	$513K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5171	−0.053%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	+0.012%	$914K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5163	−0.106%	$38.6M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5186	+0.045%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5155	−0.157%	$537.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5154	−0.165%	$341.3M	$940.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5156	−0.152%	$124.3M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5173	−0.040%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5183	+0.026%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.069%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5152	−0.178%	$368.6M	$152.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5152	−0.178%	$290.2M	$913.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	−0.168%	$107.2M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5151	−0.184%	$265.7M	$383.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5154	−0.165%	—	$126.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	+0.132%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	+0.031%	$659K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5187	+0.051%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5205	+0.171%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5183	+0.026%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	+0.033%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5180	+0.004%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5175	−0.025%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5179	−0.001%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5164	−0.099%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5162	−0.113%	$49.7M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5164	−0.099%	$53.9M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5186	+0.045%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5148	−0.204%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5167	−0.079%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5177	−0.013%	$8K	$8K	10x	as long as short
Hyperliquid XRPshort	+0.0203%	1h	1.5172	−0.047%	$280.8M	$221.8M	20x
Reya XRPRUSDPERP	+0.0214%	1h	1.5180	+0.008%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5169	−0.066%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5168	−0.074%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0355%	1h	1.5170	−0.059%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5180	+0.007%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5180	+0.004%	$533K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0749%	1h	1.5177	−0.015%	$2K	$14K	10x	as long as short