Funding you earn now, next payment 22:00 UTC−0.0364%/8h= −39.9% APRpaid last 24h −0.063%
Price spread now: Bitget against Hyperliquid−0.124%7-day average −0.038% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$240.243% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 7 days+0.116%+$12 · spread now −0.124%, 7d avg −0.038%
=Together, before fees−0.019%+ Points / potential airdropHyperliquid: Season 2 · farm board−$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Bitget is 0.086% cheaper against Hyperliquid than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.038%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.135% in total (about -7.1% 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 | Hyperliquid XRP | 1.5331 | 0.0464 | pay 0.0058% / 1h | 26m 28s | $281.9M | $181.8M | 20x |
| Short | Bitget XRPUSDT | 1.5312 | 0.0100 | get 0.0100% / 8h | 2h 26m | $266.3M | $339.1M | 125x |
Hyperliquid XRP
Bitget XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Hyperliquid. 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
- −$76.47
- Price spread: −0.124% → −0.038%
- −$8.59
- Slippage, 4 orders
- −$3.28
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$109.35
- Costs to cover
- 0.243%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 8 min ago; Bitget: live order book, 3 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, 8 min ago | 0.33 bp | 4.8 bp −$5 | 6.1 bp −$61 | 11.5 bp −$1,147 | doesn't fit |
| Sell Bitget live order book, 3 min ago | 0.33 bp | 7.4 bp −$7 | 13.5 bp −$135 | 24.5 bp −$2,450 | 42.3 bp −$21.2K |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0210% / S +0.0297% | 1h | 1.5280 | −0.331% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5265 | −0.431% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5316 | −0.099% | $1.1M | $99K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5250 | −0.528% | $68K | $89K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5281 | −0.324% | $256K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5301 | −0.196% | $9.2M | $24.0M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | −0.267% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5282 | −0.320% | $178K | $788K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5323 | −0.050% | $3.0M | $11.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5320 | −0.072% | $445K | $3.1M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5305 | −0.166% | $1.1M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5324 | −0.046% | $38.9M | $71.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5322 | −0.058% | $667K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5313 | −0.117% | $547.7M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5314 | −0.111% | $343.0M | $835.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5312 | −0.124% | $123.6M | $831.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5297 | −0.222% | $569K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5315 | −0.104% | $114K | $647K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5201 | −0.847% | $1.6M | $350K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5311 | −0.130% | $364.7M | $130.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5322 | −0.059% | $288.7M | $805.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5320 | −0.070% | $113.6M | $147.0M | 75x | as long as short |
| Bitget XRPUSDTshort | +0.0100% | 8h | 1.5312 | −0.124% | $266.3M | $339.1M | 125x | |
| BingX XRP-USDT | +0.0100% | 8h | 1.5308 | −0.150% | — | $113.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5205 | −0.823% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5202 | −0.842% | $661K | $95.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5221 | −0.718% | $1.1M | $41.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5204 | −0.828% | $1.0M | $848K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5304 | −0.177% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5315 | −0.104% | $49K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5320 | −0.072% | $42K | $59K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5285 | −0.297% | $823K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5259 | −0.468% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5295 | −0.235% | $28K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5275 | −0.367% | $50.3M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5304 | −0.176% | $54.7M | $28.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5302 | −0.187% | $477K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5316 | −0.098% | $11K | $235K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5308 | −0.151% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5293 | −0.251% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5319 | −0.078% | $8K | $8K | 10x | as long as short |
| Backpack XRP_USDC_PERP | +0.0143% | 1h | 1.5321 | −0.065% | $1.7M | $919K | 25x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0170% | 1h | 1.5296 | −0.225% | $15.3M | $63.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5302 | −0.189% | $5.4M | $43.4M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0208% | 8h | 1.5297 | −0.222% | $1.7M | $31.5M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5311 | −0.130% | $1.4M | $10K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5299 | −0.209% | $23.9M | $66.7M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0248% | 1h | 1.5249 | −0.535% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5320 | −0.074% | $406K | $496K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0464% | 1h | 1.5331 | long leg | $281.9M | $181.8M | 20x | |
| Aftermath Perps XRPUSD | +0.0530% | 1h | 1.5253 | −0.506% | $1K | $11K | 10x | as long as short |
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
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
Backpack XRP_USDC_PERP
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD