Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.085%
Price spread now: Hyperliquid against Lighter RH+0.106%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs+$7as in the Funding arb table
Net, price: spread back to 7d avg − costs−$8as in the Price arb table
costs, in and out, $10k−$140.135% of the position
Funding, last 7 days+0.205%+$21 on $10k
+Price spread, last 7 days−0.101%−$10 · spread now +0.106%, 7d avg +0.055%
=Together, before fees+0.104%+ Points / potential airdropLighter RH: Points live · Hyperliquid: Season 2 · farm board+$10 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: Hyperliquid is 0.051% dearer against Lighter RH than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.055%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XRP | 1.5095 | 0.0096 | pay 0.0012% / 1h | 54m 53s | $508K | $3.2M | 20x |
| Short | Hyperliquid XRP | 1.5111 | 0.0100 | get 0.0013% / 1h | 54m 53s | $279.1M | $221.5M | 20x |
Lighter RH XRP
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Lighter RH. 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
- $0.84
- Price spread: +0.106% → +0.055%
- $5.09
- Slippage, 4 orders
- −$4.5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$7.58
- Costs to cover
- 0.135%
- Break-even
- 70.1 days
Slippage from Lighter RH: live order book, 3 min ago; Hyperliquid: live order book, 9 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 Lighter RH live order book, 3 min ago | 1.66 bp | 1.7 bp −$2 | 7.2 bp −$72 | 39.3 bp −$3,928 | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.33 bp | 4.8 bp −$5 | 5.9 bp −$59 | 10.7 bp −$1,069 | doesn't fit |
XRP on 50 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 | 1.5107 | +0.079% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5089 | −0.039% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5130 | +0.232% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5083 | −0.082% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0025% / S +0.0051% | 1h | 1.5082 | −0.087% | $797K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.080% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0074% | 8h | 1.5086 | −0.060% | $61K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5098 | +0.023% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRPlong | +0.0096% | 1h | 1.5095 | long leg | $508K | $3.2M | 20x | |
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5086 | −0.060% | $8K | $8K | 10x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Lighter XRP
01 Exchange XRPUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5079 | −0.106% | $9K | $305K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5082 | −0.083% | $975K | $5.9M | 20x | as long as short |
| Hyperliquid XRPshort | +0.0100% | 1h | 1.5111 | +0.106% | $279.1M | $221.5M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5105 | +0.063% | $38.3M | $82.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5095 | −0.003% | $606K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5098 | +0.022% | $535.0M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5099 | +0.026% | $341.0M | $924.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5095 | 0.000% | $124.7M | $861.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5116 | +0.139% | $561K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5095 | 0.000% | $114K | $694K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5087 | −0.056% | $1.6M | $161K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5096 | +0.007% | $368.1M | $150.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5098 | +0.020% | $292.5M | $891.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5100 | +0.036% | $106.3M | $170.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5100 | +0.033% | $266.1M | $379.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5098 | +0.020% | — | $126.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5143 | +0.318% | $6.1M | $35.9M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5088 | −0.043% | $655K | $108.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5115 | +0.132% | $1.1M | $35.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5094 | −0.007% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5095 | −0.001% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5086 | −0.060% | $41K | $446K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5087 | −0.053% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5089 | −0.037% | $812K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5090 | −0.033% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5091 | −0.026% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5093 | −0.013% | $49.4M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5097 | +0.013% | $53.8M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5092 | −0.017% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5099 | +0.026% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5087 | −0.054% | $58K | $25K | 3x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0148% | 1h | 1.5094 | −0.007% | $7.7M | $25.1M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0213% | 1h | 1.5108 | +0.086% | $1.9M | $1.3M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5081 | −0.091% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5092 | −0.020% | $5.6M | $46.2M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0274% | 1h | 1.5090 | −0.035% | $14.4M | $72.8M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5139 | +0.294% | $17K | $81K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0356% | 8h | 1.5103 | +0.053% | $2.1M | $35.0M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5094 | −0.010% | $525K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0757% | 1h | 1.5116 | +0.142% | $2K | $14K | 10x | as long as short |
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
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD