Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.087%
Price spread now: Paradex against Hyperliquid−0.024%7-day average −0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$230.226% of the position
Funding, last 4 days (all we have)−0.117%−$12 on $10k
+Price spread, last 4 days (all we have)+0.001%$0 · spread now −0.024%, 7d avg −0.054%
=Together, before fees−0.116%+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm board−$12 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.030% dearer against Hyperliquid than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.054%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.4983 | 0.0100 | pay 0.0013% / 1h | 28m 15s | $286.0M | $260.3M | 20x |
| Short | Paradex XRP-USD-PERP | 1.4979 | 0.0100 | get 0.0100% / 8h | 2h 28m | $467K | $55K | 50x |
Hyperliquid XRP
Paradex XRP-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- $0
- Price spread: −0.024% → −0.054%
- $2.97
- Slippage, 4 orders
- −$9.62
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$19.65
- Costs to cover
- 0.226%
- Break-even
- 162907339.2 days
Slippage from Hyperliquid: live order book, 6 min ago; Paradex: live order book, 21 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 | 0.33 bp | 4.8 bp −$5 | 6.3 bp −$63 | 11.9 bp −$1,191 | doesn't fit |
| Sell Paradex live order book, 21 min ago | 4.30 bp | 6.3 bp −$6 | 142.9 bp −$1,429 | doesn't fit | doesn't fit |
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 | 1.5009 | +0.174% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.4968 | −0.098% | $14.1M | $75.3M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.4978 | −0.034% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5030 | +0.314% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.4969 | −0.093% | $7.6M | $25.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.4962 | −0.141% | $244K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.851% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0070% / S −0.0013% | 1h | 1.4961 | −0.148% | $784K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.4981 | −0.013% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.4978 | −0.033% | $2.8M | $15.0M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
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 | 1.4981 | −0.013% | $543K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.4976 | −0.047% | $11K | $363K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.4970 | −0.090% | $941K | $6.3M | 20x | as long as short |
| Hyperliquid XRPlong | +0.0100% | 1h | 1.4983 | long leg | $286.0M | $260.3M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.4965 | −0.120% | $38.2M | $87.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.4981 | −0.013% | $599K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.4964 | −0.126% | $523.7M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.4964 | −0.127% | $339.2M | $965.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.4968 | −0.100% | $123.7M | $889.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5006 | +0.154% | $559K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.4988 | +0.033% | $143K | $727K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5027 | +0.293% | $1.6M | $4K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.4969 | −0.093% | $367.4M | $158.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.4969 | −0.093% | $282.0M | $916.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.4978 | −0.031% | $104.4M | $180.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.4964 | −0.127% | $262.9M | $398.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.4963 | −0.133% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5004 | +0.141% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5013 | +0.201% | $652K | $112.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5011 | +0.189% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5014 | +0.207% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.4984 | +0.010% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.4972 | −0.073% | $51K | $493K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.4968 | −0.103% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.4966 | −0.113% | $61K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.4965 | −0.123% | $805K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.4974 | −0.057% | $125K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.4969 | −0.093% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.4971 | −0.081% | $48.9M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.4975 | −0.053% | $53.4M | $32.0M | 50x | as long as short |
| Paradex XRP-USD-PERPshort | +0.0100% | 8h | 1.4979 | −0.024% | $467K | $55K | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.4964 | −0.126% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.4967 | −0.107% | $57K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0133% | 8h | 1.5018 | +0.234% | $1.7M | $35.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0165% | 1h | 1.5014 | +0.207% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.4974 | −0.060% | $5.5M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5014 | +0.206% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.4965 | −0.122% | $1.3M | $6K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5011 | +0.187% | $23.3M | $76.0M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.4987 | +0.025% | $511K | $780K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0616% | 1h | 1.5023 | +0.265% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
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
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD