Funding you earn now, next payment 11:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.113%
Price spread now: gTrade (Gains Network) against Hyperliquid+0.057%117s7-day average −0.091% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2812.807% of the position
Funding, last 4 days (all we have)−0.217%−$22 on $10k
+Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.057%, 7d avg −0.091%
=Together, before fees−0.356%+ Points / potential airdropHyperliquid: Season 2 · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. gTrade (Gains Network) is 0.147% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.091%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.1 days. At the pace of the last 4 days (−0.217% in total) that is about 2.4 days. The two prices were read 117 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 | Hyperliquid XRP | 1.5348 | 0.0100 | pay 0.0013% / 1h | 51m 23s | $299.2M | $266.5M | 20x |
| Short | gTrade (Gains Network) XRP/USD | 1.5357 | L +0.0003% / S −0.0004% | get 0.0000% / 1h | 51m 23s | $246K | — | 150x |
Hyperliquid XRP
gTrade (Gains Network) XRP/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.2
- Price spread: +0.057% → −0.091%
- $14.73
- Slippage, 4 orders
- −$261.66
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$286.12
- Costs to cover
- 2.807%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; gTrade (Gains Network): virtual book (oracle exchange), 60 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, 6 min ago | 0.32 bp | 5.4 bp −$5 | 7.0 bp −$70 | 12.7 bp −$1,270 | doesn't fit |
| Sell gTrade (Gains Network) virtual book (oracle exchange), 60 min ago | 130.04 bp | 135.0 bp −$135 | 193.1 bp −$1,931 | 1958.1 bp −$195.8K | doesn't fit |
XRP on 50 exchanges
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 | 1.5403 | +0.358% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5329 | −0.125% | $14.0M | $71.6M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5338 | −0.064% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5360 | +0.078% | $69K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5331 | −0.111% | $7.8M | $21.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USDshort | L +0.0003% / S −0.0004% | 1h | 1.5357 | +0.057% | $246K | — | 150x | |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5337 | −0.072% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.381% | $2K | $107K | 30x | as long as short |
| SoDEX XRP-USD | +0.0040% | 1h | 1.5327 | −0.137% | $29K | $1.5M | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5326 | −0.143% | $2.8M | $14.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
01 Exchange XRPUSD
Injective XRP/USDC PERP
SoDEX XRP-USD
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5332 | −0.104% | $598K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5332 | −0.102% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5333 | −0.098% | $10K | $402K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5324 | −0.160% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRPlong | +0.0100% | 1h | 1.5348 | long leg | $299.2M | $266.5M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5323 | −0.162% | $39.3M | $81.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5331 | −0.114% | $593K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5323 | −0.163% | $534.5M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5325 | −0.150% | $361.6M | $890.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5325 | −0.150% | $124.7M | $836.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5365 | +0.111% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5343 | −0.033% | $165K | $681K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5379 | +0.202% | $1.6M | $25K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5325 | −0.150% | $382.1M | $155.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5323 | −0.163% | $312.0M | $888.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5336 | −0.075% | $106.7M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5326 | −0.143% | $271.9M | $357.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5321 | −0.176% | — | $4.2M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5356 | +0.052% | $2.0M | $1.2M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5375 | +0.173% | $5.0M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5351 | +0.018% | $668K | $109.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5340 | −0.050% | $1.1M | $30.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5358 | +0.065% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5331 | −0.111% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5336 | −0.078% | $52K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5323 | −0.165% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5325 | −0.150% | $83K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5338 | −0.063% | $129K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5341 | −0.045% | $50.0M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5346 | −0.013% | $54.7M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5321 | −0.173% | $2.2M | $6.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5320 | −0.186% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5327 | −0.137% | $5.5M | $44.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5337 | −0.071% | $17K | $76K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0139% | 8h | 1.5341 | −0.046% | $1.9M | $35.0M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0203% / S −0.0551% | 1h | 1.5345 | −0.021% | $805K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5358 | +0.065% | $23.9M | $78.5M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5323 | −0.163% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5341 | −0.043% | $515K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0428% | 1h | 1.5367 | +0.126% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
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-USDC
Backpack XRP_USDC_PERP
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
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD