Funding you earn now, next payment 05:00 UTC−0.0058%/8h= −6.4% APRnext payment −$0.07 per $10,000 · paid last 24h −0.036%
Price spread now: Hyperliquid against RISEx+0.064%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$200.204% of the position
Funding, last 4 days (all we have)−0.220%−$22 on $10k
+Price spread, last 4 days (all we have)−0.100%−$10 · spread now +0.064%, 7d avg +0.021%
=Together, before fees−0.321%+ Points / potential airdropHyperliquid: Season 2 · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.043% dearer against RISEx than usual: you sell high and buy low (spread +0.064% now, against its 7-day average of +0.021%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 4 days (−0.220% in total) that is about 17 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx XRP/USDC | 1.5203 | 0.0358 | pay 0.0045% / 1h | 45m 42s | $518K | $773K | 10x |
| Short | Hyperliquid XRP | 1.5213 | 0.0300 | get 0.0038% / 1h | 45m 42s | $292.7M | $234.6M | 20x |
RISEx XRP/USDC
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against RISEx. 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
- −$12.18
- Price spread: +0.064% → +0.021%
- $4.33
- Slippage, 4 orders
- −$5.44
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$28.3
- Costs to cover
- 0.204%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 8 min ago; Hyperliquid: live order book, 8 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 RISEx live order book, 8 min ago | 1.61 bp | 4.6 bp −$5 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 8 min ago | 0.33 bp | 6.4 bp −$6 | 8.1 bp −$81 | 11.7 bp −$1,166 | 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 | 1.5206 | +0.018% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5203 | −0.003% | $1.1M | $111K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5201 | −0.015% | $262K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5205 | +0.011% | $7.8M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0021% | 1h | 1.5199 | −0.027% | $14.4M | $74.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.346% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0051% / S +0.0015% | 1h | 1.5201 | −0.016% | $780K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5200 | −0.023% | $2.9M | $14.6M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5201 | −0.015% | $498K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5197 | −0.041% | $12K | $343K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Orderly PERP_XRP_USDC | +0.0099% | 8h | 1.5203 | −0.002% | $62K | $934K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5206 | +0.021% | $1.0M | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5203 | +0.001% | $38.5M | $84.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5199 | −0.028% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5196 | −0.047% | $534.3M | $2.14B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5198 | −0.035% | $346.7M | $941.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5200 | −0.022% | $127.3M | $886.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5193 | −0.068% | $566K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5202 | −0.008% | $118K | $702K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5181 | −0.147% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5204 | +0.005% | $371.6M | $153.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5197 | −0.041% | $293.3M | $899.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5199 | −0.030% | $108.9M | $176.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5198 | −0.035% | $269.1M | $388.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5198 | −0.035% | — | $127.4M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5202 | −0.010% | $4.9M | $38.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5208 | +0.031% | $660K | $109.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5208 | +0.032% | $1.1M | $36.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5214 | +0.070% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5206 | +0.016% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5207 | +0.024% | $45K | $476K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5203 | −0.002% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5205 | +0.008% | $818K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5201 | −0.013% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5203 | −0.002% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5202 | −0.006% | $49.7M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5202 | −0.008% | $54.2M | $31.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5198 | −0.032% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5194 | −0.059% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5202 | −0.007% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5204 | +0.005% | $9K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5207 | +0.024% | $5.6M | $47.6M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5201 | −0.014% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5212 | +0.057% | $24.1M | $76.0M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0248% | 1h | 1.5214 | +0.069% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0277% | 8h | 1.5212 | +0.057% | $2.0M | $35.1M | 2.9x | as long as short |
| Hyperliquid XRPshort | +0.0300% | 1h | 1.5213 | +0.064% | $292.7M | $234.6M | 20x | |
| Backpack XRP_USDC_PERP | +0.0303% | 1h | 1.5209 | +0.038% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDClong | +0.0358% | 1h | 1.5203 | long leg | $518K | $773K | 10x | |
| Phoenix XRP | +0.0528% | 1h | 1.5220 | +0.110% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0650% | 1h | 1.5212 | +0.060% | $2K | $15K | 10x | as long as short |
Orderly PERP_XRP_USDC
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Phoenix XRP
Aftermath Perps XRPUSD