Funding you earn now, next payment 00:00 UTC−0.0486%/8h= −53.2% APRpaid last 24h −0.075%
Price spread now: HTX against Hyperliquid−0.126%7-day average −0.112% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 7 days−0.082%−$8 on $10k
+Price spread, last 3 days (all we have)−0.068%−$7 · spread now −0.126%, 7d avg −0.112%
=Together, before fees−0.150%+ Points / potential airdropHyperliquid: Season 2 · farm board−$15 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.112%, so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.082% in total (about -4.3% 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 | 1.5376 | 0.0586 | pay 0.0073% / 1h | 19m 13s | $293.6M | $213.6M | 20x |
| Short | HTX XRP-USDT | 1.5357 | 0.0100 | get 0.0100% / 8h | 19m 13s | $50.4M | $15.5M | 75x |
Hyperliquid XRP
HTX XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX 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
- −$101.97
- Price spread: −0.126% → −0.112%
- −$1.32
- Slippage, 4 orders
- −$7.99
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$132.28
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; HTX: live order book, 5 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, 5 min ago | 0.32 bp | 5.1 bp −$5 | 6.9 bp −$69 | doesn't fit | doesn't fit |
| Sell HTX live order book, 5 min ago | 0.03 bp | 8.1 bp −$8 | 10.8 bp −$108 | 40.7 bp −$4,070 | 127.8 bp −$63.9K |
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 | 1.5357 | −0.124% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5357 | −0.124% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5370 | −0.039% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5361 | −0.098% | $266K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0005% / S +0.0096% | 1h | 1.5360 | −0.102% | $844K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0010% | 1h | 1.5366 | −0.065% | $9.4M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5364 | −0.081% | $15.0M | $69.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0059% | 8h | 1.5366 | −0.065% | $75K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.197% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5362 | −0.092% | $2.9M | $13.0M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5364 | −0.078% | $440K | $3.2M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5372 | −0.023% | $1.1M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5364 | −0.078% | $39.1M | $81.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5359 | −0.108% | $632K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5363 | −0.085% | $546.6M | $2.05B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5361 | −0.098% | $342.0M | $924.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5360 | −0.104% | $125.5M | $879.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5356 | −0.130% | $572K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5376 | 0.000% | $117K | $758K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5373 | −0.022% | $1.7M | $571K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5361 | −0.098% | $361.3M | $148.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5361 | −0.098% | $297.3M | $888.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5361 | −0.097% | $110.0M | $165.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5359 | −0.111% | $267.5M | $375.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5361 | −0.098% | — | $121.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5364 | −0.075% | $11.5M | $30.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5360 | −0.102% | $667K | $105.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5364 | −0.078% | $1.1M | $40.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5364 | −0.078% | $1.0M | $900K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5374 | −0.013% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5366 | −0.065% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5366 | −0.063% | $827K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5370 | −0.039% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5365 | −0.072% | $31K | $1.8M | 10x | as long as short |
| HTX XRP-USDTshort | +0.0100% | 8h | 1.5357 | −0.126% | $50.4M | $15.5M | 75x | |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5369 | −0.046% | $54.7M | $29.4M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5358 | −0.119% | $479K | $54K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5369 | −0.045% | — | $10K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5372 | −0.026% | $11K | $270K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5362 | −0.093% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5363 | −0.086% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5377 | +0.007% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5369 | −0.043% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5364 | −0.078% | $24.3M | $74.8M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5372 | −0.026% | $5.8M | $47.1M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0259% | 1h | 1.5370 | −0.039% | $1.7M | $1.0M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0280% | 1h | 1.5367 | −0.060% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0309% | 8h | 1.5366 | −0.065% | $2.0M | $34.5M | 2.9x | as long as short |
| Hyperliquid XRPlong | +0.0586% | 1h | 1.5376 | long leg | $293.6M | $213.6M | 20x | |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5384 | +0.049% | $500K | $638K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0785% | 1h | 1.5379 | +0.018% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
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
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD