XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0088%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.031%

Price spread now: Lighter against Coinbase International−0.026%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$200.199% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.094%−$9 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.026%, 7d avg −0.016%

Together, before fees+0.069%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5119	0.0184	pay 0.0023% / 1h	2m 15s	$5.7M	$48.1M	50x
Short	Lighter XRP	1.5115	0.0096	get 0.0012% / 1h	2m 15s	$2.8M	$14.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$18.48
Price spread: −0.026% → −0.016%: −$1.09
Slippage, 4 orders: −$9.88
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$39.44
Costs to cover: 0.199%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Lighter: live order book, 6 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 Coinbase International live order book, 2 min ago	0.33 bp	7.4 bp −$7	10.6 bp −$106	27.7 bp −$2,773	doesn't fit
Sell Lighter live order book, 6 min ago	1.42 bp	3.1 bp −$3	8.0 bp −$80	18.4 bp −$1,840	41.1 bp −$20.6K

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	1.5114	−0.033%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5114	−0.033%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5113	−0.042%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5120	+0.007%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5115	−0.028%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.917%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5113	−0.042%	$793K	—	200x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5115	−0.026%	$2.8M	$14.8M	20x
Lighter RH XRP	+0.0096%	1h	1.5115	−0.026%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5110	−0.060%	$10K	$356K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5118	−0.007%	$985K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5115	−0.026%	$38.9M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5117	−0.010%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5111	−0.052%	$531.4M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5111	−0.053%	$342.7M	$948.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5115	−0.026%	$125.0M	$885.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.205%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5120	+0.007%	$137K	$722K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5117	−0.013%	$372.8M	$158.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5115	−0.026%	$294.0M	$910.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5114	−0.030%	$108.1M	$178.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5113	−0.040%	$268.3M	$391.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5114	−0.033%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.184%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.170%	$658K	$111.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.198%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	+0.126%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5118	−0.005%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5120	+0.007%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.053%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5111	−0.053%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	−0.034%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5119	+0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	−0.040%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5119	−0.002%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	−0.033%	$53.8M	$31.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.076%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5121	+0.013%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5112	−0.049%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5113	−0.041%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5116	−0.020%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0182%	8h	1.5122	+0.020%	$1.8M	$35.4M	2.9x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0184%	1h	1.5119	long leg	$5.7M	$48.1M	50x
Reya XRPRUSDPERP	+0.0217%	1h	1.5114	−0.032%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5106	−0.086%	$24.1M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0231%	1h	1.5118	−0.007%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5146	+0.181%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0358%	1h	1.5127	+0.053%	$290.3M	$256.0M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5118	−0.005%	$516K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.205%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0629%	1h	1.5135	+0.103%	$2K	$15K	10x	as long as short