Funding you earn now, next payment 04:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.102%
Price spread now: Hyperliquid against Injective−2.410%7-day average +0.240% · you buy dearer than you sell
Net, funding: paid 7d − costs−$101as in the Funding arb table
Net, price: spread back to 7d avg − costs−$369as in the Price arb table
costs, in and out, $10k−$1041.036% of the position
Funding, last 7 days+0.025%+$3 on $10k
+Price spread, last 4 days (all we have)+3.413%+$341 · spread now −2.410%, 7d avg +0.240%
=Together, before fees+3.438%+ Points / potential airdropHyperliquid: Season 2 · farm board+$344 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 2.650% cheaper against Injective than usual: you would sell low and buy high (spread −2.410% now, against its 7-day average of +0.240%). If the spread goes back, that is −$265 on $10k: about 4 months of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.025% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective XRP/USDC PERP | 1.5560 | 0.0033 | pay 0.0004% / 1h | 23m 24s | $2K | $107K | 30x |
| Short | Hyperliquid XRP | 1.5185 | 0.0100 | get 0.0013% / 1h | 23m 24s | $281.6M | $226.1M | 20x |
Injective XRP/USDC PERP
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $14
- Price spread: −2.410% → +0.240%
- −$264.99
- Slippage, 4 orders
- −$94.61
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$354.62
- Costs to cover
- 1.036%
- Break-even
- 184.3 days
Slippage from Injective: live order book, 35 min ago; Hyperliquid: live order book, 11 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 Injective live order book, 35 min ago | 42.92 bp | 42.9 bp −$43 | 56.1 bp −$561 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.33 bp | 4.8 bp −$5 | 5.6 bp −$56 | 9.8 bp −$981 | 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 | 1.5187 | −2.397% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5172 | −2.491% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5176 | −2.471% | $1.1M | $111K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5190 | −2.378% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5169 | −2.513% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5177 | −2.461% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERPlong | +0.0033% | 1h | 1.5560 | long leg | $2K | $107K | 30x | |
| GMX XRP/USD [ETH-USDC] | L +0.0043% / S +0.0025% | 1h | 1.5168 | −2.522% | $791K | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0085% | 8h | 1.5171 | −2.500% | $62K | $934K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5175 | −2.474% | $2.8M | $14.6M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Orderly PERP_XRP_USDC
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 | 1.5178 | −2.455% | $498K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5166 | −2.532% | $10K | $326K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5166 | −2.529% | $1.1M | $6.0M | 20x | as long as short |
| Hyperliquid XRPshort | +0.0100% | 1h | 1.5185 | −2.410% | $281.6M | $226.1M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5173 | −2.487% | $38.4M | $83.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5175 | −2.476% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5172 | −2.494% | $535.4M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5173 | −2.487% | $346.9M | $933.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5174 | −2.481% | $126.2M | $875.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5174 | −2.481% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5176 | −2.468% | $110K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5174 | −2.480% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5170 | −2.506% | $369.9M | $154.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5171 | −2.500% | $292.4M | $900.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5175 | −2.473% | $108.3M | $174.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5175 | −2.474% | $268.5M | $384.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5172 | −2.494% | — | $127.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5179 | −2.451% | $5.2M | $37.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5183 | −2.425% | $661K | $108.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5178 | −2.458% | $1.1M | $36.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5192 | −2.365% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5174 | −2.481% | $44K | $452K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5172 | −2.494% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5176 | −2.471% | $817K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5170 | −2.504% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5175 | −2.474% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5191 | −2.371% | $49.7M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5180 | −2.442% | $54.2M | $30.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5173 | −2.489% | $473K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5176 | −2.469% | — | $11K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5172 | −2.496% | $2.0M | $6.8M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5177 | −2.461% | $8K | $8K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5172 | −2.491% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0174% | 1h | 1.5189 | −2.384% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0184% | 1h | 1.5183 | −2.423% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5177 | −2.461% | $5.6M | $47.0M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5170 | −2.505% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5177 | −2.461% | $24.1M | $76.2M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0312% | 8h | 1.5182 | −2.429% | $2.1M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5177 | −2.462% | $517K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0647% | 1h | 1.5181 | −2.433% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
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
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD