Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.084%
Price spread now: Bitget against Hyperliquid−0.065%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$230.232% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.163%−$16 on $10k
Price spread, last 7 days+0.018%+$2 · spread now −0.065%, 7d avg −0.044%
Together, before fees−0.145%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.021% cheaper against Hyperliquid than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XRP1.52740.0100pay 0.0013% / 1h30m 19s$295.9M$266.9M20x
ShortBitget XRPUSDT1.52640.0100get 0.0100% / 8h5h 30m$269.8M$356.0M125x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against Hyperliquid. 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

Funding earned
$0
Price spread: −0.065% → −0.044%
−$2.1
Slippage, 4 orders
−$2.2
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$25.3
Costs to cover
0.232%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 7 min ago; Bitget: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 7 min ago0.33 bp5.6 bp −$68.2 bp −$82doesn't fitdoesn't fit
Sell Bitget live order book, 2 min ago0.33 bp6.4 bp −$68.5 bp −$8519.0 bp −$1,89725.4 bp −$12.7K

XRP on 50 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XRPUSD−0.0080%1h1.5256−0.118%$9K$98710xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5366+0.602%$5K$4K20xas long as short
Kraken Futures PF_XRPUSD−0.0063%1h1.5266−0.053%$13.8M$69.7M50xas long as short
dYdX XRP-USD0.0000%1h1.5256−0.117%$1.1M$154K10xas long as short
Phoenix XRP0.0000%1h1.5240−0.223%$68K$108K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5266−0.052%$7.6M$20.9M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5252−0.143%$241K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.872%$2K$107K30xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5259−0.096%$17K$75K7xas long as short
Lighter XRP+0.0096%1h1.5257−0.113%$2.8M$14.1M20xas long as short
Show all 50 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5262−0.079%$591K$3.1M20xas long as short
Paradex XRP-USD-PERP+0.0099%8h1.5257−0.112%$476K$47K50xas long as short
Katana Perps XRP-USD+0.0100%8h1.5249−0.164%$9K$403K20xas long as short
Nado XRP-PERP+0.0100%1h1.5259−0.095%$1.1M$5.8M20xas long as short
Hyperliquid XRPlong+0.0100%1h1.5274long leg$295.9M$266.9M20x
Aster XRPUSDT+0.0100%8h1.5263−0.072%$38.8M$80.3M100xas long as short
Pacifica XRP+0.0100%1h1.5261−0.088%$589K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5256−0.119%$529.8M$2.07B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5264−0.065%$357.8M$878.3M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5261−0.085%$123.5M$827.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5240−0.223%$560K$37K5xas long as short
Arcus XRP-USD+0.0100%1h1.5258−0.105%$163K$695K20xas long as short
Gate XRP_USDT+0.0100%8h1.5265−0.059%$379.7M$158.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5265−0.059%$305.4M$900.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5263−0.071%$104.4M$181.6M75xas long as short
Bitget XRPUSDTshort+0.0100%8h1.5264−0.065%$269.8M$356.0M125x
BingX XRP-USDT+0.0100%8h1.5263−0.072%$99.4Mas long as short
Backpack XRP_USDC_PERP+0.0100%1h1.5261−0.085%$2.0M$1.2M25xas long as short
Variational Omni XRP+0.0100%8h1.5257−0.112%$4.9M$38.3Mas long as short
edgeX XRPUSDC+0.0100%4h1.5232−0.277%$662K$108.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5239−0.232%$1.1M$32.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5268−0.039%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5262−0.079%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5264−0.065%$52K$473K20xas long as short
Bullet XRP-USD+0.0100%1h1.5264−0.068%$41K$64K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5262−0.079%$83K$601K50xas long as short
SunX XRP-USDT+0.0100%8h1.5264−0.069%$128K$1.5M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5261−0.085%$30K$1.4M10xas long as short
HTX XRP-USDT+0.0100%8h1.5259−0.098%$49.7M$13.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5261−0.085%$54.4M$33.3M50xas long as short
Bulk XRP-USD+0.0100%1h1.5287+0.082%$1.6M$32K20xas long as short
Extended XRP-USD+0.0104%1h1.5257−0.114%$2.2M$6.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5259−0.095%$59K$25K3xas long as short
Coinbase International XRP-PERP-INTX+0.0112%1h1.5265−0.059%$5.4M$42.9M50xas long as short
Kalshi KXXRPPERP+0.0129%8h1.5255−0.124%$1.9M$35.4M2.9xas long as short
BloFin XRP-USDT+0.0220%8h1.5251−0.151%$23.8M$77.7M125xas long as short
Reya XRPRUSDPERP+0.0223%1h1.5257−0.111%$1.3M$1K15xas long as short
GMX XRP/USD [ETH-USDC]L +0.0225% / S −0.0458%1h1.5264−0.064%$859K200xas long as short
RISEx XRP/USDC+0.0239%1h1.5266−0.053%$512K$725K10xas long as short
Aftermath Perps XRPUSD+0.0336%1h1.5268−0.039%$3K$13K10xas long as short