Funding you earn now, next payment 23:00 UTC−0.0549%/8h= −60.1% APRpaid last 24h −0.069%
Price spread now: HTX against Hyperliquid−0.039%48s7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$290.287% of the position
Funding, last 7 days−0.076%−$8 on $10k
+Price spread, last 3 days (all we have)−0.229%−$23 · spread now −0.039%, 7d avg −0.112%
=Together, before fees−0.305%+ Points / potential airdropHyperliquid: Season 2 · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.072% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.039% now, against its 7-day average of −0.112%): +$7 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 11 hours. At the pace of the last 7 days (−0.076% in total) that is about 6.7 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -3.9% 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 | 1.5636 | 0.0649 | pay 0.0081% / 1h | 47m 32s | $289.4M | $195.5M | 20x |
| Short | HTX XRP-USDT | 1.5630 | 0.0100 | get 0.0100% / 8h | 1h 47m | $51.4M | $15.1M | 75x |
Hyperliquid XRP
HTX XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$115.32
- Price spread: −0.039% → −0.112%
- $7.22
- Slippage, 4 orders
- −$7.69
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$136.8
- Costs to cover
- 0.287%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; HTX: live order book, 2 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, 6 min ago | 0.32 bp | 5.3 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell HTX live order book, 2 min ago | 0.03 bp | 9.5 bp −$9 | 14.5 bp −$145 | 29.2 bp −$2,918 | doesn't fit |
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 | 1.5636 | −0.003% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5628 | −0.055% | $1.1M | $104K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5623 | −0.085% | $262K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −2.216% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0041% | 1h | 1.5631 | −0.037% | $15.7M | $67.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0052% | 8h | 1.5629 | −0.048% | $82K | $935K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0070% | 1h | 1.5631 | −0.035% | $9.6M | $24.9M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0079% / S +0.0146% | 1h | 1.5622 | −0.089% | $925K | — | 200x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5629 | −0.051% | $19K | $73K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5631 | −0.036% | $3.0M | $11.7M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Hibachi XRP/USDT-P
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5643 | +0.042% | $460K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5615 | −0.134% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5636 | −0.005% | $39.8M | $75.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5638 | +0.010% | $676K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5623 | −0.088% | $566.4M | $1.92B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5622 | −0.092% | $355.0M | $870.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5616 | −0.131% | $129.0M | $867.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5541 | −0.610% | $579K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5638 | +0.010% | $121K | $724K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5527 | −0.700% | $1.7M | $572K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5629 | −0.048% | $372.7M | $134.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5629 | −0.048% | $291.6M | $823.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5628 | −0.053% | $113.0M | $153.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5610 | −0.169% | $271.0M | $352.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5632 | −0.029% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5524 | −0.718% | $11.8M | $29.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5540 | −0.617% | $675K | $98.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5571 | −0.422% | $1.1M | $41.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5583 | −0.342% | $1.0M | $878K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5615 | −0.139% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5621 | −0.099% | $54K | $436K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5607 | −0.189% | $42K | $62K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5629 | −0.048% | $841K | $71K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5631 | −0.037% | $131K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5628 | −0.054% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDTshort | +0.0100% | 8h | 1.5630 | −0.039% | $51.4M | $15.1M | 75x | |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5629 | −0.048% | $55.6M | $28.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5637 | +0.002% | $488K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5631 | −0.035% | $12K | $248K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5630 | −0.040% | $2.2M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5627 | −0.060% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5633 | −0.022% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5610 | −0.172% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5635 | −0.009% | $5.8M | $46.2M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5596 | −0.259% | $24.6M | $71.7M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0338% | 8h | 1.5628 | −0.054% | $1.9M | $32.0M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0372% | 1h | 1.5631 | −0.035% | $1.8M | $977K | 25x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5590 | −0.297% | $69K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5639 | +0.015% | $409K | $531K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0585% | 1h | 1.5572 | −0.411% | $1K | $11K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0649% | 1h | 1.5636 | long leg | $289.4M | $195.5M | 20x |
Lighter RH XRP
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD