Funding you earn now, next payment 00:00 UTC+0.0376%/8h= +41.2% APRpaid last 24h +0.075%
Price spread now: Hyperliquid against Gate+0.104%7-day average +0.042% · you sell dearer than you buy
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$300.302% of the position
Funding, last 7 days+0.152%+$15 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.104%, 7d avg +0.042%
=Together, before fees+0.052%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Hyperliquid is 0.062% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.042%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.152% in total (about 8.0% 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 | Gate XRP_USDT | 1.5363 | 0.0100 | pay 0.0100% / 8h | 7h 59m | $372.8M | $151.2M | 100x |
| Short | Hyperliquid XRP | 1.5379 | 0.0476 | get 0.0060% / 1h | 59m 42s | $291.3M | $216.5M | 20x |
Gate XRP_USDT
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Gate. 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
- $79.04
- Price spread: +0.104% → +0.042%
- $6.19
- Slippage, 4 orders
- −$6.22
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $55.01
- Costs to cover
- 0.302%
- Break-even
- 2.1 days
Slippage from Gate: 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 Gate live order book, 4 min ago | 0.33 bp | 10.0 bp −$10 | 12.6 bp −$126 | 23.7 bp −$2,369 | 34.6 bp −$17.3K |
| Sell Hyperliquid live order book, 4 min ago | 0.33 bp | 4.8 bp −$5 | 5.7 bp −$57 | 10.4 bp −$1,041 | 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 | 1.5372 | +0.059% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5363 | −0.002% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5350 | −0.085% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5367 | +0.027% | $257K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0007% / S +0.0090% | 1h | 1.5365 | +0.016% | $842K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5370 | +0.046% | $14.9M | $70.2M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0061% | 8h | 1.5368 | +0.033% | $75K | $910K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0075% | 1h | 1.5371 | +0.052% | $9.3M | $25.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.282% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5355 | −0.053% | $2.9M | $13.6M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
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 | 1.5352 | −0.072% | $513K | $3.2M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5368 | +0.033% | $1.1M | $5.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5363 | +0.001% | $38.9M | $82.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5353 | −0.064% | $634K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5345 | −0.115% | $541.6M | $2.07B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5348 | −0.098% | $340.1M | $933.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5348 | −0.098% | $125.7M | $885.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5320 | −0.280% | $571K | $47K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5355 | −0.052% | $117K | $706K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5333 | −0.195% | $1.7M | $570K | 20x | as long as short |
| Gate XRP_USDTlong | +0.0100% | 8h | 1.5363 | long leg | $372.8M | $151.2M | 100x | |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5352 | −0.072% | $303.2M | $887.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5362 | −0.005% | $109.5M | $167.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5356 | −0.046% | $268.6M | $377.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5352 | −0.072% | — | $123.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5346 | −0.108% | $6.4M | $35.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5324 | −0.257% | $665K | $106.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5319 | −0.284% | $1.1M | $40.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5328 | −0.228% | $1.0M | $902K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5364 | +0.007% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5372 | +0.059% | $48K | $458K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5368 | +0.033% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5370 | +0.044% | $827K | $82K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5372 | +0.057% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5368 | +0.033% | $30K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5364 | +0.005% | $50.4M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5366 | +0.020% | $54.7M | $29.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5361 | −0.016% | $479K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5366 | +0.020% | $12K | $271K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5362 | −0.010% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5365 | +0.016% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0160% | 1h | 1.5368 | +0.033% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5367 | +0.023% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5374 | +0.072% | $24.1M | $75.1M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5374 | +0.072% | $5.8M | $47.0M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0268% | 1h | 1.5374 | +0.072% | $1.7M | $1.1M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0312% | 1h | 1.5354 | −0.059% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0316% | 8h | 1.5378 | +0.098% | $2.3M | $35.2M | 2.9x | as long as short |
| Hyperliquid XRPshort | +0.0476% | 1h | 1.5379 | +0.104% | $291.3M | $216.5M | 20x | |
| Aftermath Perps XRPUSD | +0.0775% | 1h | 1.5343 | −0.132% | $1K | $11K | 10x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5360 | −0.017% | $512K | $753K | 10x | as long as short |
Lighter RH XRP
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
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
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Aftermath Perps XRPUSD
RISEx XRP/USDC