Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.114%
Price spread now: dYdX against Hyperliquid+0.066%7-day average −0.034% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$520.516% of the position
Funding, last 7 days−0.312%−$31 on $10k
+Price spread, last 7 days+0.036%+$4 · spread now +0.066%, 7d avg −0.034%
=Together, before fees−0.276%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. dYdX is 0.100% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.066% now, against its 7-day average of −0.034%): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5213 | 0.0100 | pay 0.0013% / 1h | 10m 02s | $282.7M | $223.4M | 20x |
| Short | dYdX XRP-USD | 1.5223 | 0 | get 0.0000% / 1h | 10m 02s | $1.1M | $110K | 10x |
Hyperliquid XRP
dYdX XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$21
- Price spread: +0.066% → −0.034%
- $10
- Slippage, 4 orders
- −$32.61
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$62.61
- Costs to cover
- 0.516%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 4 min ago; dYdX: 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 Hyperliquid live order book, 4 min ago | 0.33 bp | 4.8 bp −$5 | 4.8 bp −$48 | 9.9 bp −$995 | doesn't fit |
| Sell dYdX live order book, 4 min ago | 15.78 bp | 20.8 bp −$21 | 20.8 bp −$208 | 56.4 bp −$5,644 | 283.5 bp −$141.7K |
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 | 1.5226 | +0.085% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USDshort | 0.0000% | 1h | 1.5223 | +0.066% | $1.1M | $110K | 10x | |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5204 | −0.059% | $254K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5211 | −0.013% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.281% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0034% / S +0.0038% | 1h | 1.5203 | −0.065% | $798K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5223 | +0.066% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0077% | 8h | 1.5208 | −0.033% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5210 | −0.020% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5209 | −0.026% | $512K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
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 | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5217 | +0.026% | $10K | $311K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5223 | +0.062% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRPlong | +0.0100% | 1h | 1.5213 | long leg | $282.7M | $223.4M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5205 | −0.052% | $38.5M | $83.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5228 | +0.096% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5200 | −0.085% | $536.8M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5200 | −0.085% | $346.9M | $930.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5202 | −0.072% | $126.2M | $873.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5180 | −0.217% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5224 | +0.072% | $115K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | +0.066% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5204 | −0.059% | $368.9M | $153.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5191 | −0.145% | $297.1M | $903.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5208 | −0.034% | $109.1M | $171.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5192 | −0.138% | $269.7M | $380.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5205 | −0.053% | — | $126.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5200 | −0.089% | $5.9M | $36.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5211 | −0.014% | $661K | $107.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5201 | −0.080% | $1.1M | $35.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5221 | +0.053% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5212 | −0.010% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5224 | +0.072% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5206 | −0.046% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5208 | −0.034% | $818K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5228 | +0.099% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5210 | −0.020% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5224 | +0.072% | $49.8M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5208 | −0.033% | $54.1M | $30.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5224 | +0.071% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5188 | −0.167% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5206 | −0.046% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0190% | 1h | 1.5211 | −0.013% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0200% | 1h | 1.5211 | −0.012% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5203 | −0.068% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5212 | −0.007% | $5.6M | $46.6M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5225 | +0.079% | $24.3M | $75.5M | 125x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0272% | 1h | 1.5205 | −0.051% | $14.4M | $73.3M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0344% | 8h | 1.5217 | +0.026% | $2.1M | $34.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5227 | +0.092% | $518K | $778K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5220 | +0.046% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0653% | 1h | 1.5222 | +0.062% | $2K | $14K | 10x | as long as short |
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
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD