Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Arcus+0.009%7-day average +0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.144% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 4 days (all we have)−0.020%−$2 · spread now +0.009%, 7d avg +0.015%
=Together, before fees−0.024%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus XRP-USD | 1.5592 | 0.0100 | pay 0.0013% / 1h | 49m 41s | $117K | $752K | 20x |
| Short | Lighter XRP | 1.5593 | 0.0096 | get 0.0012% / 1h | 49m 41s | $3.0M | $12.5M | 20x |
Arcus XRP-USD
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Arcus. 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: +0.009% → +0.015%
- −$0.57
- Slippage, 4 orders
- −$9.87
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.78
- Costs to cover
- 0.144%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 29 min ago; Lighter: live order book, 4 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 Arcus live order book, 29 min ago | 0.64 bp | 4.9 bp −$5 | 12.8 bp −$128 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.90 bp | 2.0 bp −$2 | 5.9 bp −$59 | 19.6 bp −$1,957 | 40.8 bp −$20.4K |
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 | 1.5593 | +0.006% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5597 | +0.032% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5690 | +0.629% | $70K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5599 | +0.045% | $9.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5602 | +0.065% | $261K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0004% / S +0.0107% | 1h | 1.5601 | +0.058% | $858K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0031% | 1h | 1.5595 | +0.020% | $15.7M | $68.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0056% | 8h | 1.5601 | +0.058% | $77K | $909K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | −0.205% | $2K | $107K | 30x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5593 | +0.009% | $3.0M | $12.5M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5605 | +0.083% | $445K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5598 | +0.038% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5602 | +0.062% | $39.6M | $79.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5598 | +0.036% | $642K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5585 | −0.046% | $558.0M | $2.01B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5589 | −0.019% | $347.1M | $913.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5588 | −0.026% | $127.4M | $889.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5650 | +0.372% | $582K | $42K | 5x | as long as short |
| Arcus XRP-USDlong | +0.0100% | 1h | 1.5592 | long leg | $117K | $752K | 20x | |
| Bulk XRP-USD | +0.0100% | 1h | 1.5633 | +0.264% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5585 | −0.045% | $372.9M | $143.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5591 | −0.006% | $301.9M | $864.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5601 | +0.058% | $113.4M | $162.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5583 | −0.058% | $272.4M | $369.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5587 | −0.032% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5634 | +0.266% | $11.7M | $30.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5649 | +0.365% | $681K | $103.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5635 | +0.273% | $1.1M | $40.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5691 | +0.635% | $1.0M | $887K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5615 | +0.149% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5609 | +0.109% | $45K | $451K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5600 | +0.054% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5603 | +0.072% | $840K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5610 | +0.115% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5593 | +0.006% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5601 | +0.058% | $51.2M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5596 | +0.026% | $55.5M | $29.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5589 | −0.022% | $486K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5591 | −0.006% | $13K | $266K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5586 | −0.041% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5601 | +0.060% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5592 | 0.000% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5604 | +0.075% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5625 | +0.212% | $24.4M | $74.7M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5603 | +0.071% | $5.9M | $47.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0272% | 1h | 1.5639 | +0.301% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0320% | 8h | 1.5634 | +0.269% | $2.0M | $33.6M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0378% | 1h | 1.5603 | +0.071% | $1.7M | $1.0M | 25x | as long as short |
| Hyperliquid XRP | +0.0594% | 1h | 1.5623 | +0.196% | $297.6M | $207.7M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5596 | +0.028% | $509K | $632K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0778% | 1h | 1.5631 | +0.251% | $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
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD