Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.080%
Price spread now: Variational Omni against Hyperliquid+0.108%7-day average −0.051% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.116%−$12 on $10k
+Price spread, last 7 days−0.159%−$16 · spread now +0.108%, 7d avg −0.051%
=Together, before fees−0.275%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$27 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: Variational Omni is 0.158% dearer against Hyperliquid than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.051%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5288 | 0.0100 | pay 0.0013% / 1h | 51m 39s | $296.8M | $260.5M | 20x |
| Short | Variational Omni XRP | 1.5304 | 0.0100 | get 0.0100% / 8h | 4h 51m | $4.9M | $38.0M | — |
Hyperliquid XRP
Variational Omni XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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: +0.108% → −0.051%
- $15.83
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $6.83
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 5 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 5 min ago | 0.33 bp | 5.8 bp −$6 | 7.4 bp −$74 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.06 bp | doesn't fit | 5.9 bp −$59 | 22.3 bp −$2,230 | doesn't fit |
XRP on 51 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 | 1.5356 | +0.445% | $5K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0077% | 1h | 1.5277 | −0.069% | $13.7M | $68.4M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5269 | −0.125% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5310 | +0.144% | $68K | $102K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5280 | −0.054% | $242K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0012% | 1h | 1.5283 | −0.033% | $7.6M | $19.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.779% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5285 | −0.020% | $9K | $987 | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5281 | −0.046% | $17K | $69K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5271 | −0.110% | $2.7M | $13.4M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Lighter XRPShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5273 | −0.098% | $591K | $3.0M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0096% | 1h | 1.5282 | −0.039% | $5.4M | $41.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5269 | −0.124% | $476K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5268 | −0.131% | $10K | $411K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5271 | −0.108% | $841K | $6.0M | 20x | as long as short |
| Hyperliquid XRPlong | +0.0100% | 1h | 1.5288 | long leg | $296.8M | $260.5M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5269 | −0.126% | $38.8M | $79.1M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5273 | −0.100% | $587K | $985K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5262 | −0.173% | $531.1M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5262 | −0.170% | $358.8M | $852.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5261 | −0.177% | $123.8M | $814.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5259 | −0.190% | $562K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5268 | −0.131% | $163K | $689K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5312 | +0.154% | $1.6M | $66K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5277 | −0.072% | $376.5M | $156.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5274 | −0.092% | $315.5M | $874.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5267 | −0.138% | $103.8M | $179.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5262 | −0.170% | $270.0M | $345.9M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5275 | −0.085% | — | $98.1M | — | as long as short |
| Variational Omni XRPshort | +0.0100% | 8h | 1.5304 | +0.108% | $4.9M | $38.0M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5305 | +0.111% | $665K | $105.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5301 | +0.085% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5316 | +0.183% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5280 | −0.050% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5277 | −0.072% | $52K | $469K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5276 | −0.081% | $41K | $64K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5278 | −0.065% | $83K | $601K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5280 | −0.053% | $822K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5283 | −0.036% | $128K | $1.5M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5276 | −0.078% | $31K | $1.4M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5273 | −0.101% | $49.7M | $13.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5279 | −0.059% | $54.6M | $33.2M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5266 | −0.142% | $2.2M | $5.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5273 | −0.096% | $59K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0111% | 8h | 1.5283 | −0.033% | $1.9M | $35.5M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0163% | 1h | 1.5284 | −0.026% | $2.0M | $1.2M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5282 | −0.039% | $23.8M | $77.2M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0224% | 1h | 1.5270 | −0.120% | $1.4M | $1K | 15x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0256% / S −0.0506% | 1h | 1.5276 | −0.081% | $878K | — | 200x | as long as short |
| RISEx XRP/USDC | +0.0300% | 1h | 1.5287 | −0.004% | $506K | $723K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0394% | 1h | 1.5303 | +0.099% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Coinbase International XRP-PERP-INTX
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-USDT
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
BloFin XRP-USDT
Reya XRPRUSDPERP
GMX XRP/USD [ETH-USDC]
RISEx XRP/USDC
Aftermath Perps XRPUSD