Funding you earn now, next payment 08:00 UTC−0.0026%/8h= −2.9% APRpaid last 24h −0.089%
Price spread now: KuCoin against Hyperliquid−0.093%7-day average −0.037% · you buy dearer than you sell
Net, funding: paid 7d − costs−$45as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$260.255% of the position
Funding, last 7 days−0.195%−$20 on $10k
+Price spread, last 7 days+0.066%+$7 · spread now −0.093%, 7d avg −0.037%
=Together, before fees−0.130%+ Points / potential airdropHyperliquid: Season 2 · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and KuCoin is 0.056% cheaper against Hyperliquid than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of −0.037%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5166 | 0.0126 | pay 0.0016% / 1h | 35m 43s | $289.3M | $267.7M | 20x |
| Short | KuCoin XRPUSDTM | 1.5152 | 0.0100 | get 0.0100% / 8h | 35m 43s | $106.1M | $183.9M | 75x |
Hyperliquid XRP
KuCoin XRPUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$5.47
- Price spread: −0.093% → −0.037%
- −$5.55
- Slippage, 4 orders
- −$4.5
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$36.52
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; KuCoin: live order book, 3 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, 8 min ago | 0.33 bp | 5.5 bp −$6 | 7.5 bp −$75 | 12.7 bp −$1,271 | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 0.03 bp | 7.5 bp −$8 | 13.1 bp −$131 | doesn't fit | 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 | 1.5179 | +0.086% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5171 | +0.036% | $1.1M | $148K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5164 | −0.013% | $7.8M | $24.1M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5163 | −0.023% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.598% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5157 | −0.063% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5147 | −0.122% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5149 | −0.112% | $603K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5134 | −0.211% | $20K | $380K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5154 | −0.079% | $1.0M | $6.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster XRPUSDT | +0.0100% | 8h | 1.5149 | −0.112% | $38.3M | $86.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5150 | −0.106% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5143 | −0.150% | $529.9M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5134 | −0.211% | $348.8M | $955.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5140 | −0.171% | $127.7M | $866.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5179 | +0.086% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5143 | −0.152% | $143K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.158% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5159 | −0.046% | $377.7M | $160.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5137 | −0.191% | $308.5M | $923.1M | 300x | as long as short |
| KuCoin XRPUSDTMshort | +0.0100% | 8h | 1.5152 | −0.093% | $106.1M | $183.9M | 75x | |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5137 | −0.191% | $267.5M | $390.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5134 | −0.211% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5150 | −0.108% | $4.9M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5205 | +0.258% | $660K | $113.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5210 | +0.290% | $1.1M | $35.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5239 | +0.481% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5168 | +0.014% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5162 | −0.026% | $51K | $511K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5162 | −0.023% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5163 | −0.020% | $77K | $688K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5160 | −0.038% | $816K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5166 | −0.003% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5157 | −0.059% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5163 | −0.020% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5153 | −0.086% | $54.1M | $32.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5152 | −0.094% | $472K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0101% / S −0.0061% | 1h | 1.5163 | −0.019% | $782K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5131 | −0.229% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5161 | −0.033% | $8K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5194 | +0.182% | $17K | $78K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5158 | −0.055% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRPlong | +0.0126% | 1h | 1.5166 | long leg | $289.3M | $267.7M | 20x | |
| Backpack XRP_USDC_PERP | +0.0147% | 1h | 1.5165 | −0.007% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5160 | −0.040% | $5.6M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0192% | 8h | 1.5178 | +0.079% | $1.8M | $34.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5157 | −0.061% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5169 | +0.020% | $23.5M | $77.6M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5141 | −0.167% | $520K | $806K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5230 | +0.422% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0645% | 1h | 1.5208 | +0.275% | $2K | $16K | 10x | as long as short |
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
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
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD