XRP

Alert

Funding spread now, next payment 17:00 UTC−0.0533%/8h

paid, last 24h−0.035%paid, last 7 days−0.124%to open and close $10k−$30

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.124% in total (about -6.5% 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	1.5005	0.0633	pay 0.0079% / 1h	57m 02s	$265.2M	$158.4M	20x
Short	Phemex XRPUSDT	1.4977	0.0100	get 0.0100% / 8h	7h 57m	$53.9M	$25.9M	50x

Funding history

latest

Range statsloading…

Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee PhemexbpOrdersRate

Funding earned: −$111.93
Slippage, 4 orders: −$8.58
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$141.5
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 8 min ago; Phemex: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.187%
Avg gap 7d: −0.062%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	4.8 bp −$5	6.3 bp −$63	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	0.67 bp	11.8 bp −$12	13.9 bp −$139	30.4 bp −$3,037	doesn't fit

XRP on 50 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
GMX XRP/USD [ETH-USDC]	L −0.0205% / S +0.0292%	1h	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	$1.1M	$104K	10x	as long as short
Phoenix XRP	0.0000%	1h	$69K	$86K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	$8.3M	$20.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0003%	1h	$219K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	$2K	$63K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0051%	8h	$187K	$736K	50x	as long as short
Lighter XRP	+0.0096%	1h	$2.8M	$7.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	$485K	$1.9M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	$11K	$225K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	$469K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	$1.1M	$4.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	$38.1M	$66.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	$629K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	$528.7M	$1.66B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	$333.9M	$759.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	$126.7M	$769.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	$558K	$48K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	$117K	$592K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	$1.7M	$217K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	$357.3M	$118.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	$295.5M	$724.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	$112.6M	$139.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	$257.3M	$311.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	—	$97.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	$5.5M	$17.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	$685K	$85.6M	30x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	$1.0M	$816K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	$62K	$385K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	$41K	$57K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	$806K	$68K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	$125K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	$30K	$2.1M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	$49.4M	$13.5M	75x	as long as short
Phemex XRPUSDTshort	+0.0100%	8h	$53.9M	$25.9M	50x
Extended XRP-USD	+0.0104%	1h	$1.9M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	$72K	$39K	3x	as long as short
Kalshi KXXRPPERP	+0.0183%	8h	$1.8M	$33.7M	2.9x	as long as short
01 Exchange XRPUSD	+0.0184%	1h	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	$19K	$30K	7x	as long as short
Reya XRPRUSDPERP	+0.0206%	1h	$1.3M	$15K	15x	as long as short
Kraken Futures PF_XRPUSD	+0.0216%	1h	$17.5M	$42.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	$23.4M	$56.9M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0240%	1h	$5.5M	$37.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0277%	1h	$1.7M	$908K	25x	as long as short
RISEx XRP/USDC	+0.0621%	1h	$396K	$411K	10x	as long as short
Hyperliquid XRPlong	+0.0633%	1h	$265.2M	$158.4M	20x
Aftermath Perps XRPUSD	+0.0715%	1h	$1K	$9K	10x	as long as short