XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0488%/8h= −53.4% APRnext payment −$0.61 per $10,000 · paid last 24h −0.075%

Price spread now: ApeX Omni against Hyperliquid−0.130%105s7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$260.256% of the position

Long on Hyperliquid Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.130%, 7d avg −0.029%

Together, before fees−0.033%+ Points / potential airdropHyperliquid: Season 2 · farm board−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and ApeX Omni is 0.101% cheaper against Hyperliquid than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 105 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.089% in total (about -4.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.61 per $10,000. 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	Hyperliquid XRP	1.5377	0.0588	pay 0.0073% / 1h	21m 37s	$293.2M	$213.0M	20x
Short	ApeX Omni XRPUSDT	1.5357	0.0100	get 0.0013% / 1h	21m 37s	$1.0M	$900K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee ApeX OmnibpOrdersPrice spread, now −0.130%Rate

Funding earned: −$102.4
Price spread: −0.130% → −0.029%: −$10.13
Slippage, 4 orders: −$6.57
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$138.1
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; ApeX Omni: live order book, 2 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 Hyperliquid live order book, 12 min ago	0.32 bp	4.9 bp −$5	7.8 bp −$78	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 2 min ago	1.63 bp	8.6 bp −$9	16.7 bp −$167	doesn't fit	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	1.5365	−0.078%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5358	−0.124%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5380	+0.020%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5370	−0.047%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0097%	1h	1.5371	−0.042%	$831K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5367	−0.065%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5368	−0.060%	$15.0M	$69.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0058%	8h	1.5374	−0.020%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.190%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5360	−0.110%	$2.9M	$13.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5363	−0.091%	$439K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5385	+0.055%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5362	−0.101%	$39.1M	$81.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5362	−0.098%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5360	−0.113%	$547.0M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5359	−0.117%	$341.8M	$924.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5359	−0.117%	$125.3M	$879.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	−0.208%	$572K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5365	−0.078%	$117K	$758K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5410	+0.215%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5356	−0.137%	$361.2M	$147.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5360	−0.111%	$296.1M	$887.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5358	−0.125%	$110.1M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5356	−0.137%	$267.4M	$375.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5360	−0.111%	—	$121.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5385	+0.050%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5367	−0.065%	$667K	$104.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5403	+0.168%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5357	−0.130%	$1.0M	$900K	50x
Vest XRP-PERP	+0.0100%	1h	1.5375	−0.010%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5390	+0.085%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5376	−0.006%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5371	−0.038%	$827K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5376	−0.007%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5367	−0.065%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5369	−0.050%	$50.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5368	−0.059%	$54.7M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	−0.115%	$479K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5366	−0.072%	$12K	$269K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5356	−0.139%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5370	−0.047%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5367	−0.065%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5373	−0.028%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5367	−0.065%	$24.3M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5374	−0.020%	$5.8M	$47.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0259%	1h	1.5378	+0.007%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5364	−0.082%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0306%	8h	1.5380	+0.020%	$2.0M	$34.4M	2.9x	as long as short
Hyperliquid XRPlong	+0.0588%	1h	1.5377	long leg	$293.2M	$213.0M	20x
RISEx XRP/USDC	+0.0761%	1h	1.5374	−0.021%	$500K	$638K	10x	as long as short
Aftermath Perps XRPUSD	+0.0784%	1h	1.5392	+0.100%	$1K	$11K	10x	as long as short