Funding you earn now, next payment 09:00 UTC+0.0110%/8h= +12.1% APRnext payment +$0.14 per $10,000 · paid last 24h +0.090%
Price spread now: Hyperliquid against Bulk+0.265%7-day average +0.032% · 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+$6as in the Price arb table
costs, in and out, $10k−$170.174% of the position
Funding, last 4 days (all we have)+0.112%+$11 on $10k
+Price spread, last 7 days−0.221%−$22 · spread now +0.265%, 7d avg +0.032%
=Together, before fees−0.109%+ Points / potential airdropHyperliquid: Season 2 · farm board−$11 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.234% dearer against Bulk than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.032%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk XRP-USD | 1.5190 | 0.0100 | pay 0.0013% / 1h | 50m 20s | $1.6M | $13K | 20x |
| Short | Hyperliquid XRP | 1.5230 | 0.0210 | get 0.0026% / 1h | 50m 20s | $290.9M | $267.7M | 20x |
Bulk XRP-USD
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Bulk. 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
- $23.12
- Price spread: +0.265% → +0.032%
- $23.39
- Slippage, 4 orders
- −$1.37
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $29.14
- Costs to cover
- 0.174%
- Break-even
- from the start
Slippage from Bulk: live order book, 4 min ago; Hyperliquid: live order book, 4 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 Bulk live order book, 4 min ago | 0.33 bp | 3.8 bp −$4 | 4.6 bp −$46 | 11.6 bp −$1,161 | 30.4 bp −$15.2K |
| Sell Hyperliquid live order book, 4 min ago | 0.33 bp | 4.8 bp −$5 | 4.8 bp −$48 | 8.6 bp −$865 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0171% | 1h | 1.5238 | +0.318% | $14.8M | $76.0M | 50x | as long as short |
| Phemex XRPUSDT | −0.0116% | 8h | 1.5229 | +0.260% | $54.4M | $32.6M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5228 | +0.253% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5226 | +0.242% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5200 | +0.069% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5233 | +0.284% | $247K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5237 | +0.313% | $7.7M | $23.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.439% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5233 | +0.284% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5230 | +0.266% | $2.8M | $14.5M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Phemex XRPUSDT
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
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 | 1.5235 | +0.300% | $608K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5217 | +0.181% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5225 | +0.232% | $999K | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5215 | +0.168% | $38.6M | $85.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5231 | +0.273% | $613K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5211 | +0.142% | $530.2M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5205 | +0.102% | $352.9M | $946.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5205 | +0.102% | $127.0M | $860.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5207 | +0.115% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5231 | +0.273% | $143K | $713K | 20x | as long as short |
| Bulk XRP-USDlong | +0.0100% | 1h | 1.5190 | long leg | $1.6M | $13K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5212 | +0.148% | $379.3M | $151.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5213 | +0.155% | $314.0M | $912.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5217 | +0.179% | $106.6M | $183.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5215 | +0.168% | $269.9M | $385.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5216 | +0.174% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5226 | +0.240% | $4.8M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5214 | +0.163% | $661K | $112.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5218 | +0.188% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5223 | +0.221% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5226 | +0.237% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5221 | +0.207% | $52K | $514K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5213 | +0.153% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5210 | +0.135% | $78K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5206 | +0.112% | $818K | $77K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5240 | +0.335% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5234 | +0.293% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5236 | +0.307% | $49.7M | $15.2M | 75x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5230 | +0.270% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5220 | +0.199% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5204 | +0.099% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0114% / S −0.0077% | 1h | 1.5232 | +0.277% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5228 | +0.253% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5239 | +0.326% | $5.6M | $48.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0169% | 8h | 1.5229 | +0.260% | $1.7M | $33.5M | 2.9x | as long as short |
| Hyperliquid XRPshort | +0.0210% | 1h | 1.5230 | +0.265% | $290.9M | $267.7M | 20x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5233 | +0.286% | $23.7M | $78.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5211 | +0.143% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0275% | 1h | 1.5241 | +0.339% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5230 | +0.267% | $523K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0538% | 1h | 1.5205 | +0.099% | $2K | $16K | 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
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
BloFin XRP-USDT
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD