XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Bulk+0.010%7-day average −0.026% · 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−$10as in the Price arb table

costs, in and out, $10k−$140.138% of the position

Long on Bulk Short on Lighter RH

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−0.026%−$3 · spread now +0.010%, 7d avg −0.026%

Together, before fees−0.031%+ Points / potential airdropLighter RH: Points live · farm board−$3 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 0.035% dearer against Bulk than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5227	0.0100	pay 0.0013% / 1h	47m 13s	$1.6M	$13K	20x
Short	Lighter RH XRP	1.5229	0.0096	get 0.0012% / 1h	47m 13s	$608K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$0.84
Price spread: +0.010% → −0.026%: $3.54
Slippage, 4 orders: −$6.76
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$11.05
Costs to cover: 0.138%
Break-even: never at this rate

Slippage from Bulk: live order book, 2 min ago; Lighter RH: live order book, 1 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, 2 min ago	0.66 bp	4.7 bp −$5	6.1 bp −$61	14.7 bp −$1,468	32.0 bp −$16.0K
Sell Lighter RH live order book, 1 min ago	1.97 bp	2.3 bp −$2	6.2 bp −$62	40.1 bp −$4,011	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5228	+0.001%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5241	+0.089%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5235	+0.052%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.082%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5228	+0.003%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5226	−0.013%	$247K	—	150x	as long as short
Phemex XRPUSDT	+0.0007%	8h	1.5228	+0.003%	$54.4M	$32.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.184%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5224	−0.022%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5225	−0.017%	$2.8M	$14.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRPshort	+0.0096%	1h	1.5229	+0.010%	$608K	$3.1M	20x
Katana Perps XRP-USD	+0.0100%	8h	1.5229	+0.010%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5233	+0.039%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5226	−0.010%	$38.6M	$85.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5234	+0.043%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5227	−0.003%	$530.8M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5222	−0.036%	$352.3M	$945.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5221	−0.043%	$127.1M	$859.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	+0.003%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5239	+0.076%	$144K	$713K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5227	long leg	$1.6M	$13K	20x
Gate XRP_USDT	+0.0100%	8h	1.5226	−0.010%	$379.5M	$151.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5226	−0.010%	$313.7M	$912.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5227	−0.001%	$106.7M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5221	−0.043%	$269.9M	$384.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5225	−0.016%	—	$108.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	−0.010%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5221	−0.045%	$661K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	+0.016%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5228	+0.003%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5234	+0.045%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5232	+0.030%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5228	+0.002%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	−0.010%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	−0.016%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5237	+0.064%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.016%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5234	+0.043%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5238	+0.066%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5218	−0.065%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5223	−0.028%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0114% / S −0.0078%	1h	1.5236	+0.054%	$790K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5236	+0.056%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5227	−0.003%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0174%	8h	1.5236	+0.056%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0197%	1h	1.5243	+0.102%	$291.2M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	−0.016%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5221	−0.041%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0271%	1h	1.5244	+0.108%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	+0.075%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5220	−0.046%	$3K	$16K	10x	as long as short