Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Bitget+0.059%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$210.211% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.054%−$5 · spread now +0.059%, 7d avg −0.016%

Together, before fees−0.104%+ Points / potential airdropLighter RH: Points live · 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: Lighter RH is 0.074% dearer against Bitget than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5374	0.0100	pay 0.0100% / 8h	7h 10m	$269.7M	$374.8M	125x
Short	Lighter RH XRP	1.5383	0.0096	get 0.0012% / 1h	10m 34s	$516K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee Lighter RHbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$0.84
Price spread: +0.059% → −0.016%: $7.43
Slippage, 4 orders: −$9.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$14.47
Costs to cover: 0.211%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 3 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 Bitget live order book, 4 min ago	0.32 bp	7.8 bp −$8	10.7 bp −$107	19.5 bp −$1,945	36.7 bp −$18.4K
Sell Lighter RH live order book, 3 min ago	2.60 bp	3.2 bp −$3	7.4 bp −$74	44.4 bp −$4,441	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	1.5383	+0.059%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5372	−0.013%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5348	−0.171%	$257K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5353	−0.137%	$9.3M	$25.0M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0074%	1h	1.5350	−0.157%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.210%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5351	−0.150%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5377	+0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5383	+0.057%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5383	+0.059%	$516K	$3.2M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5365	−0.059%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5379	+0.035%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5382	+0.055%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5379	+0.029%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5383	+0.059%	$636K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5378	+0.027%	$543.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5371	−0.020%	$342.3M	$918.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5372	−0.013%	$125.0M	$868.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5366	−0.052%	$572K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5372	−0.013%	$117K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.647%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5373	−0.007%	$375.8M	$151.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5377	+0.020%	$307.0M	$913.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5378	+0.024%	$111.3M	$166.9M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5374	long leg	$269.7M	$374.8M	125x
BingX XRP-USDC	+0.0100%	8h	1.5366	−0.052%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5354	−0.130%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.104%	$668K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5362	−0.078%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5374	0.000%	$1.2M	$997K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5369	−0.033%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5376	+0.013%	$47K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5376	+0.011%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5352	−0.146%	$826K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5368	−0.038%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5351	−0.150%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5365	−0.060%	$50.4M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5354	−0.130%	$54.6M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5364	−0.065%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5351	−0.153%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5372	−0.011%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5355	−0.124%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5356	−0.117%	$5.7M	$46.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5351	−0.147%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0308%	1h	1.5360	−0.091%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5361	−0.083%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5370	−0.026%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0384%	1h	1.5388	+0.091%	$290.8M	$215.9M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5380	+0.039%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5380	+0.039%	$544K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0837%	1h	1.5366	−0.052%	$2K	$13K	10x	as long as short