Funding you earn now, next payment 09:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.01 per $10,000 · paid last 24h +0.148%
Price spread now: Hyperliquid against GMX−0.086%116s7-day average +0.049% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.300%+$30 on $10k
+Price spread, last 4 days (all we have)+0.230%+$23 · spread now −0.086%, 7d avg +0.049%
=Together, before fees+0.530%+ Points / potential airdropHyperliquid: Season 2 · farm board+$53 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Hyperliquid is 0.135% cheaper against GMX than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of +0.049%). Swap the legs. Mind the row above: over the last 4 days funding on this pair paid +0.300%, so the current rate has only just turned against you. The two prices were read 116 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX XRP/USD [ETH-USDC] | 1.5484 | L +0.0143% / S −0.0109% | pay 0.0018% / 1h | 59m 18s | $830K | — | 200x |
| Short | Hyperliquid XRP | 1.5471 | 0.0133 | get 0.0017% / 1h | 59m 18s | $298.6M | $266.4M | 20x |
GMX XRP/USD [ETH-USDC]
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against GMX. 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
- −$2.07
- Price spread: −0.086% → +0.049%
- −$13.45
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$36.52
- Costs to cover
- 0.210%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.
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 GMX no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 5 min ago | 0.32 bp | 4.8 bp −$5 | 5.4 bp −$54 | 8.5 bp −$851 | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XRP on 50 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 | 1.5476 | −0.053% | $5K | $3K | 20x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5490 | +0.037% | $70K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5449 | −0.228% | $8.0M | $22.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5479 | −0.037% | $251K | — | 150x | as long as short |
| dYdX XRP-USD | +0.0005% | 1h | 1.5474 | −0.068% | $1.1M | $155K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0015% | 1h | 1.5451 | −0.215% | $14.1M | $73.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +0.489% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0064% | 1h | 1.5479 | −0.037% | $18K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5458 | −0.167% | $2.8M | $14.3M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5463 | −0.137% | $613K | $3.0M | 20x | as long as short |
Hotstuff XRP-PERP
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
dYdX XRP-USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter XRP
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5464 | −0.131% | $20K | $378K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5463 | −0.135% | $482K | $52K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5463 | −0.137% | $1.0M | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5452 | −0.208% | $39.1M | $82.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5462 | −0.142% | $611K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5453 | −0.204% | $539.1M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5442 | −0.273% | $360.6M | $905.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5445 | −0.254% | $125.2M | $848.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5451 | −0.215% | $569K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5466 | −0.118% | $168K | $704K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5432 | −0.336% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5454 | −0.195% | $384.9M | $154.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5454 | −0.195% | $310.3M | $892.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5457 | −0.173% | $109.7M | $180.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5443 | −0.267% | $273.7M | $360.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5455 | −0.189% | — | $105.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5471 | −0.088% | $4.9M | $38.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5486 | +0.011% | $675K | $114.4M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5484 | −0.005% | $1.1M | $32.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5492 | +0.050% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5467 | −0.111% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5472 | −0.079% | $53K | $502K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5455 | −0.191% | $41K | $66K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5445 | −0.254% | $78K | $623K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5460 | −0.154% | $130K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5449 | −0.228% | $30K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5434 | −0.327% | $50.4M | $14.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5452 | −0.208% | $54.9M | $33.2M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5441 | −0.278% | $2.1M | $5.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5444 | −0.260% | $59K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5474 | −0.066% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0120% | 1h | 1.5450 | −0.221% | $5.3M | $46.1M | 50x | as long as short |
| Hyperliquid XRPshort | +0.0133% | 1h | 1.5471 | −0.086% | $298.6M | $266.4M | 20x | |
| GMX XRP/USD [ETH-USDC]long | L +0.0143% / S −0.0109% | 1h | 1.5484 | long leg | $830K | — | 200x | |
| Kalshi KXXRPPERP | +0.0170% | 8h | 1.5491 | +0.043% | $1.8M | $33.0M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5481 | −0.021% | $23.8M | $79.4M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0222% | 1h | 1.5454 | −0.197% | $1.4M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0234% | 1h | 1.5486 | +0.011% | $2.0M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0272% | 1h | 1.5459 | −0.160% | $521K | $795K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0480% | 1h | 1.5473 | −0.074% | $3K | $15K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
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
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
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