XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Bulk+0.461%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+$35as in the Price arb table

costs, in and out, $10k−$130.130% of the position

Long on Bulk Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.446%−$45 · spread now +0.461%, 7d avg −0.015%

Together, before fees−0.450%+ Points / potential airdropLighter: Season 3 · farm board−$45 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 is 0.476% dearer against Bulk than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5114	0.0100	pay 0.0013% / 1h	55m 37s	$1.6M	$49K	20x
Short	Lighter XRP	1.5184	0.0096	get 0.0012% / 1h	55m 37s	$2.8M	$14.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Bulk. 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 BulkbpFee LighterbpOrdersPrice spread, now +0.461%Rate

Funding earned: −$0.84
Price spread: +0.461% → −0.015%: $47.59
Slippage, 4 orders: −$6
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $33.76
Costs to cover: 0.130%
Break-even: from the start

Slippage from Bulk: live order book, 3 min ago; Lighter: live order book, 8 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 Bulk live order book, 3 min ago	0.33 bp	3.8 bp −$4	4.2 bp −$42	7.4 bp −$738	20.1 bp −$10.0K
Sell Lighter live order book, 8 min ago	1.56 bp	3.2 bp −$3	6.5 bp −$65	14.9 bp −$1,485	36.9 bp −$18.4K

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	1.5179	+0.430%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5181	+0.441%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.238%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5137	+0.154%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5149	+0.232%	$7.7M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5147	+0.220%	$14.3M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.951%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0048% / S +0.0018%	1h	1.5137	+0.150%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0096%	8h	1.5140	+0.172%	$62K	$934K	50x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5184	+0.461%	$2.8M	$14.6M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5166	+0.344%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5168	+0.357%	$11K	$334K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5174	+0.400%	$1.1M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5163	+0.324%	$38.4M	$83.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	+0.441%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5178	+0.426%	$533.9M	$2.13B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5176	+0.410%	$347.4M	$939.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5180	+0.437%	$127.9M	$882.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5138	+0.159%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5178	+0.423%	$118K	$706K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5114	long leg	$1.6M	$49K	20x
Gate XRP_USDT	+0.0100%	8h	1.5174	+0.397%	$371.5M	$153.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5177	+0.417%	$292.5M	$895.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5182	+0.448%	$108.2M	$175.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5175	+0.404%	$268.6M	$386.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5177	+0.417%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.164%	$4.8M	$38.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.177%	$657K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	+0.159%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.218%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5172	+0.382%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5181	+0.443%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5136	+0.146%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5143	+0.193%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5135	+0.140%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5144	+0.198%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	+0.204%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5147	+0.218%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	+0.378%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5171	+0.379%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5140	+0.169%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0120%	1h	1.5180	+0.437%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0156%	1h	1.5172	+0.384%	$280.6M	$228.2M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5153	+0.258%	$5.6M	$47.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0216%	1h	1.5142	+0.184%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5126	+0.081%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5140	+0.172%	$24.2M	$76.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0225%	1h	1.5159	+0.298%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0259%	8h	1.5148	+0.225%	$2.0M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5180	+0.435%	$517K	$774K	10x	as long as short
Aftermath Perps XRPUSD	+0.0666%	1h	1.5139	+0.165%	$2K	$15K	10x	as long as short