XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0399%/8h= −43.7% APRnext payment −$0.50 per $10,000 · paid last 24h −0.110%

Price spread now: dYdX against Hyperliquid−0.140%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$101as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$700.703% of the position

Long on Hyperliquid Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.308%−$31 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.140%, 7d avg −0.069%

Together, before fees−0.254%+ Points / potential airdropHyperliquid: Season 2 · farm board−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and dYdX is 0.071% cheaper against Hyperliquid than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.069%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XRP	1.5356	0.0399	pay 0.0050% / 1h	28m 46s	$290.0M	$214.6M	20x
Short	dYdX XRP-USD	1.5335	0	get 0.0000% / 1h	28m 46s	$1.1M	$112K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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

Position, each leg$Hold fordaysFee HyperliquidbpFee dYdXbpOrdersPrice spread, now −0.140%Rate

Funding earned: −$83.75
Price spread: −0.140% → −0.069%: −$7.07
Slippage, 4 orders: −$51.29
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$161.1
Costs to cover: 0.703%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 5 min ago; dYdX: live order book, just now.

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, 5 min ago	0.33 bp	4.8 bp −$5	5.6 bp −$56	doesn't fit	doesn't fit
Sell dYdX live order book, just now	22.19 bp	29.4 bp −$29	39.2 bp −$392	83.7 bp −$8,368	149.7 bp −$74.8K

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	1.5328	−0.182%	$7K	$2K	20x	as long as short
dYdX XRP-USDshort	0.0000%	1h	1.5335	−0.140%	$1.1M	$112K	10x
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5320	−0.237%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5318	−0.249%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.328%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5329	−0.176%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5330	−0.169%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5345	−0.074%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5350	−0.039%	$515K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5323	−0.215%	$8K	$8K	10x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5317	−0.254%	$10K	$277K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5351	−0.035%	$479K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5318	−0.244%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5339	−0.109%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5346	−0.066%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5343	−0.083%	$541.2M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5346	−0.065%	$342.1M	$919.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5345	−0.072%	$125.0M	$868.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	−0.072%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	−0.065%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.392%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5337	−0.124%	$374.4M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5347	−0.059%	$312.3M	$903.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5346	−0.068%	$109.0M	$165.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5344	−0.078%	$268.6M	$374.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5333	−0.150%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.182%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5333	−0.153%	$666K	$107.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.143%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	−0.228%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5322	−0.221%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5325	−0.202%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5322	−0.223%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5330	−0.172%	$825K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5326	−0.194%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5327	−0.189%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5325	−0.200%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5322	−0.221%	$54.5M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5343	−0.083%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5326	−0.197%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5318	−0.245%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5329	−0.176%	$24.0M	$73.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5334	−0.143%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5323	−0.212%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5336	−0.130%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5340	−0.104%	$2.0M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5319	−0.238%	$17K	$81K	7x	as long as short
Hyperliquid XRPlong	+0.0399%	1h	1.5356	long leg	$290.0M	$214.6M	20x
Phoenix XRP	+0.0520%	1h	1.5340	−0.104%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0806%	1h	1.5328	−0.180%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5327	−0.192%	$506K	$754K	10x	as long as short