Funding you earn now, next payment 23:00 UTC−0.0672%/8h= −73.6% APRnext payment −$0.84 per $10,000 · paid last 24h −0.123%
Price spread now: Hotstuff against Hyperliquid−0.116%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Hotstuff: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Hotstuff is 0.116% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5479 | 0.0592 | pay 0.0074% / 1h | 30m 25s | $289.1M | $201.9M | 20x |
| Short | Hotstuff XRP-PERP | 1.5461 | −0.0080 | pay 0.0010% / 1h | 30m 25s | $7K | $2K | 20x |
Hyperliquid XRP
Hotstuff XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hotstuff 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
- −$141.17
- Price spread: −0.116% → 0.000%
- −$11.63
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Hotstuff: 2.5 bp × 2 orders
- −$5
- Net
- −$166.79
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 4 min ago; Hotstuff: no order-book sample. 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 Hyperliquid live order book, 4 min ago | 0.32 bp | 4.8 bp −$5 | 6.3 bp −$63 | doesn't fit | doesn't fit |
| Sell Hotstuff no order-book sample | — | — | — | — | — |
Hotstuff: 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 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-PERPshort | −0.0080% | 1h | 1.5461 | −0.116% | $7K | $2K | 20x | |
| dYdX XRP-USD | 0.0000% | 1h | 1.5453 | −0.171% | $1.1M | $104K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5477 | −0.013% | $9.6M | $25.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5468 | −0.070% | $259K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5290 | −1.221% | $2K | $86K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0042% | 1h | 1.5475 | −0.025% | $15.5M | $68.5M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0053% | 8h | 1.5465 | −0.090% | $77K | $942K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0082% / S +0.0125% | 1h | 1.5468 | −0.071% | $911K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5460 | −0.122% | $3.0M | $12.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5463 | −0.103% | $438K | $3.2M | 20x | as long as short |
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-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 | 1.5457 | −0.139% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5453 | −0.167% | $39.1M | $77.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5462 | −0.113% | $667K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5471 | −0.049% | $557.1M | $1.96B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5469 | −0.065% | $345.0M | $889.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5468 | −0.071% | $126.5M | $872.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5515 | +0.233% | $577K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5462 | −0.110% | $118K | $737K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5469 | −0.065% | $372.4M | $139.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5471 | −0.052% | $289.6M | $844.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5455 | −0.156% | $112.9M | $158.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5466 | −0.084% | $269.4M | $361.0M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5470 | −0.058% | — | $117.3M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5485 | +0.036% | $11.7M | $30.1M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5531 | +0.337% | $674K | $101.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5554 | +0.487% | $1.1M | $41.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5529 | +0.323% | $1.0M | $882K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5466 | −0.084% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5460 | −0.123% | $45K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5473 | −0.039% | $42K | $65K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5470 | −0.056% | $833K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5482 | +0.019% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5478 | −0.006% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5469 | −0.063% | $50.8M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5477 | −0.013% | $55.1M | $29.1M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5477 | −0.015% | $1.7M | $578K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5456 | −0.149% | $482K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5457 | −0.142% | $12K | $251K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5449 | −0.192% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5467 | −0.080% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5466 | −0.084% | $8K | $8K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5488 | +0.060% | $18K | $81K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5462 | −0.112% | $1.4M | $9K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5482 | +0.019% | $5.8M | $46.7M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5470 | −0.058% | $24.6M | $73.1M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0252% | 1h | 1.5482 | +0.019% | $1.8M | $994K | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0313% | 8h | 1.5493 | +0.090% | $1.9M | $32.6M | 2.9x | as long as short |
| Phoenix XRP | +0.0516% | 1h | 1.5570 | +0.588% | $69K | $90K | 15x | as long as short |
| RISEx XRP/USDC | +0.0527% | 1h | 1.5466 | −0.086% | $506K | $627K | 10x | as long as short |
| Hyperliquid XRPlong | +0.0592% | 1h | 1.5479 | long leg | $289.1M | $201.9M | 20x | |
| Aftermath Perps XRPUSD | +0.0726% | 1h | 1.5546 | +0.433% | $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
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
Bulk XRP-USD
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD