Funding you earn now, next payment 05:00 UTC−0.0185%/8h= −20.3% APRpaid last 24h −0.048%
Price spread now: BloFin against Hyperliquid−0.145%7-day average −0.061% · you buy dearer than you sell
Net, funding: paid 7d − costs−$21as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)−0.112%−$11 · spread now −0.145%, 7d avg −0.061%
=Together, before fees−0.095%+ Points / potential airdropHyperliquid: Season 2 · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and BloFin is 0.084% cheaper against Hyperliquid than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.061%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment. 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 | Hyperliquid XRP | 1.5185 | 0.0405 | pay 0.0051% / 1h | 23m 23s | $299.4M | $246.7M | 20x |
| Short | BloFin XRP-USDT | 1.5163 | 0.0220 | get 0.0220% / 8h | 3h 23m | $24.2M | $75.6M | 125x |
Hyperliquid XRP
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Hyperliquid. 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
- −$38.9
- Price spread: −0.145% → −0.061%
- −$8.43
- Slippage, 4 orders
- −$1.31
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$69.64
- Costs to cover
- 0.223%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; BloFin: live order book, 11 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 Hyperliquid live order book, 11 min ago | 0.33 bp | 4.8 bp −$5 | 6.7 bp −$67 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 11 min ago | 0.33 bp | 6.3 bp −$6 | 6.3 bp −$63 | 10.8 bp −$1,083 | 20.2 bp −$10.1K |
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 | 1.5178 | −0.046% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5163 | −0.142% | $1.1M | $115K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5170 | −0.099% | $7.8M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5167 | −0.119% | $253K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0022% | 1h | 1.5163 | −0.142% | $14.4M | $74.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.470% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0054% / S +0.0009% | 1h | 1.5167 | −0.119% | $791K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5167 | −0.116% | $2.9M | $14.7M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5165 | −0.132% | $496K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5166 | −0.125% | $9K | $348K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
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 | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5166 | −0.122% | $996K | $6.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5167 | −0.122% | $38.7M | $85.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5171 | −0.090% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5167 | −0.115% | $534.8M | $2.15B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5166 | −0.125% | $345.9M | $943.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5171 | −0.092% | $126.5M | $883.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5147 | −0.250% | $565K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5170 | −0.099% | $131K | $708K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | −0.135% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5168 | −0.112% | $370.6M | $156.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5167 | −0.119% | $296.5M | $904.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5170 | −0.099% | $109.1M | $177.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5166 | −0.125% | $269.1M | $389.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5168 | −0.112% | — | $127.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5187 | +0.011% | $4.9M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5189 | +0.024% | $660K | $110.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5166 | −0.127% | $1.1M | $36.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5196 | +0.072% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5167 | −0.118% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5171 | −0.092% | $45K | $477K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5166 | −0.125% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5166 | −0.125% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5167 | −0.119% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5172 | −0.085% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5166 | −0.125% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5169 | −0.105% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5160 | −0.165% | $53.9M | $31.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5170 | −0.100% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5162 | −0.150% | $2.0M | $6.7M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5165 | −0.132% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5171 | −0.092% | $8K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5175 | −0.066% | $5.7M | $47.7M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0217% | 1h | 1.5166 | −0.125% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5163 | −0.145% | $24.2M | $75.6M | 125x | |
| Backpack XRP_USDC_PERP | +0.0259% | 1h | 1.5171 | −0.092% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0280% | 1h | 1.5160 | −0.167% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0302% | 8h | 1.5172 | −0.086% | $1.9M | $35.1M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0358% | 1h | 1.5170 | −0.098% | $517K | $776K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0405% | 1h | 1.5185 | long leg | $299.4M | $246.7M | 20x | |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.033% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0681% | 1h | 1.5191 | +0.039% | $2K | $15K | 10x | as long as short |
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-USDT
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD