Funding you earn now, next payment 09:00 UTC−0.0351%/8h= −38.4% APRnext payment −$0.44 per $10,000 · paid last 24h −0.074%
Price spread now: Kraken Futures against Hyperliquid−0.049%7-day average −0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.234% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 4 days (all we have)−0.685%−$68 · spread now −0.049%, 7d avg −0.068%
=Together, before fees−0.774%+ Points / potential airdropHyperliquid: Season 2 · farm board−$77 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.068%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.44 per $10,000. 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 | 1.5218 | 0.0180 | pay 0.0022% / 1h | 41m 41s | $290.6M | $267.9M | 20x |
| Short | Kraken Futures PF_XRPUSD | 1.5211 | −0.0171 | pay 0.0021% / 1h | 41m 41s | $14.7M | $75.5M | 50x |
Hyperliquid XRP
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$73.72
- Price spread: −0.049% → −0.068%
- $1.86
- Slippage, 4 orders
- −$4.38
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$95.24
- Costs to cover
- 0.234%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 12 min ago; Kraken Futures: 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, 12 min ago | 0.33 bp | 4.9 bp −$5 | 6.7 bp −$67 | 11.6 bp −$1,155 | doesn't fit |
| Sell Kraken Futures live order book, 2 min ago | 0.33 bp | 6.0 bp −$6 | 6.5 bp −$65 | 17.9 bp −$1,790 | 41.9 bp −$20.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSDshort | −0.0171% | 1h | 1.5211 | −0.049% | $14.7M | $75.5M | 50x | |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5222 | +0.026% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5208 | −0.065% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5230 | +0.079% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5212 | −0.036% | $247K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5215 | −0.020% | $7.7M | $23.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.247% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5207 | −0.072% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5206 | −0.081% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5208 | −0.066% | $620K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5195 | −0.151% | $20K | $380K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5207 | −0.069% | $994K | $6.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5206 | −0.080% | $38.5M | $84.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5204 | −0.092% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5202 | −0.105% | $530.3M | $2.18B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5199 | −0.125% | $354.8M | $945.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5200 | −0.118% | $126.9M | $855.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5204 | −0.092% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5206 | −0.079% | $143K | $709K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5227 | +0.062% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5201 | −0.112% | $374.8M | $152.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5202 | −0.105% | $312.8M | $913.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5206 | −0.081% | $106.6M | $183.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5200 | −0.118% | $269.4M | $383.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5202 | −0.105% | — | $108.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5218 | 0.000% | $4.8M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5218 | −0.003% | $661K | $113.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5223 | +0.031% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5223 | +0.033% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5220 | +0.013% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5221 | +0.020% | $52K | $513K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5215 | −0.020% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5212 | −0.039% | $78K | $648K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5210 | −0.052% | $818K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5219 | +0.009% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5208 | −0.066% | $30K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5206 | −0.080% | $49.7M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5210 | −0.053% | $54.4M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5207 | −0.075% | $474K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5197 | −0.140% | $2.1M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5213 | −0.036% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0116% / S −0.0080% | 1h | 1.5213 | −0.035% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5200 | −0.118% | $8K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5216 | −0.013% | $5.6M | $47.7M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0174% | 8h | 1.5214 | −0.026% | $1.7M | $33.4M | 2.9x | as long as short |
| Hyperliquid XRPlong | +0.0180% | 1h | 1.5218 | long leg | $290.6M | $267.9M | 20x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5200 | −0.118% | $23.6M | $77.7M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5215 | −0.021% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0243% | 1h | 1.5215 | −0.020% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5202 | −0.103% | $522K | $798K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0546% | 1h | 1.5221 | +0.021% | $3K | $16K | 10x | as long as short |
Katana Perps XRP-USD
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
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
BloFin XRP-USDT
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD