Funding you earn now, next payment 07:00 UTC−0.0119%/8h= −13.1% APRpaid last 24h −0.088%
Price spread now: Paradex against Hyperliquid−0.044%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$230.230% of the position
Funding, last 4 days (all we have)−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.006%−$1 · spread now −0.044%, 7d avg −0.054%
=Together, before fees−0.125%+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm board−$13 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5214 | 0.0219 | pay 0.0027% / 1h | 0m 10s | $290.0M | $266.9M | 20x |
| Short | Paradex XRP-USD-PERP | 1.5207 | 0.0100 | get 0.0100% / 8h | 1h 00m | $474K | $55K | 50x |
Hyperliquid XRP
Paradex XRP-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$25.03
- Price spread: −0.044% → −0.054%
- $0.96
- Slippage, 4 orders
- −$9.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$47.03
- Costs to cover
- 0.230%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; Paradex: live order book, 44 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, 4 min ago | 0.33 bp | 4.9 bp −$5 | 6.3 bp −$63 | 10.7 bp −$1,072 | doesn't fit |
| Sell Paradex live order book, 44 min ago | 4.62 bp | 6.6 bp −$7 | 146.9 bp −$1,469 | 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 | 1.5227 | +0.085% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5193 | −0.137% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5220 | +0.039% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5206 | −0.053% | $246K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0024% | 1h | 1.5204 | −0.063% | $14.5M | $74.3M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.274% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0079% | 1h | 1.5211 | −0.020% | $7.8M | $24.4M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0094% / S −0.0050% | 1h | 1.5206 | −0.054% | $785K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5206 | −0.053% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5206 | −0.053% | $546K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
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 | +0.0099% | 8h | 1.5201 | −0.085% | $10K | $370K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5195 | −0.125% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5204 | −0.066% | $38.6M | $87.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5197 | −0.110% | $615K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5205 | −0.059% | $533.6M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5199 | −0.099% | $348.7M | $961.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5200 | −0.092% | $129.5M | $883.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5193 | −0.138% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5212 | −0.013% | $145K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5195 | −0.122% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5199 | −0.099% | $379.0M | $162.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5203 | −0.072% | $312.1M | $934.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5206 | −0.055% | $107.7M | $183.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5197 | −0.112% | $268.7M | $395.7M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5197 | −0.112% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5187 | −0.179% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5224 | +0.064% | $661K | $114.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5219 | +0.033% | $1.1M | $35.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5227 | +0.085% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5211 | −0.022% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5210 | −0.026% | $50K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5208 | −0.038% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5209 | −0.033% | $75K | $686K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5224 | +0.066% | $819K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5214 | −0.003% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5207 | −0.046% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5207 | −0.043% | $49.6M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5208 | −0.039% | $54.4M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERPshort | +0.0100% | 8h | 1.5207 | −0.044% | $474K | $55K | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5201 | −0.084% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5205 | −0.057% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5211 | −0.020% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0128% | 1h | 1.5202 | −0.077% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0169% | 1h | 1.5212 | −0.013% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5208 | −0.039% | $5.7M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0215% | 8h | 1.5206 | −0.053% | $1.8M | $34.7M | 2.9x | as long as short |
| Hyperliquid XRPlong | +0.0219% | 1h | 1.5214 | long leg | $290.0M | $266.9M | 20x | |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5203 | −0.074% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5198 | −0.105% | $23.7M | $77.9M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5211 | −0.020% | $529K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0710% | 1h | 1.5216 | +0.010% | $2K | $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-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
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD