XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.030%

Price spread now: Lighter RH against Coinbase International−0.066%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$190.186% of the position

Long on Coinbase International Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)+0.331%+$33 · spread now −0.066%, 7d avg −0.020%

Together, before fees+0.239%+ Points / potential airdropLighter RH: Points live · farm board+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.045% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.020%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5188	0.0192	pay 0.0024% / 1h	21m 30s	$5.6M	$47.1M	50x
Short	Lighter RH XRP	1.5178	0.0096	get 0.0012% / 1h	21m 30s	$499K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now −0.066%Rate

Funding earned: −$20.16
Price spread: −0.066% → −0.020%: −$4.55
Slippage, 4 orders: −$8.6
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$43.3
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Lighter RH: live order book, 2 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, 3 min ago	0.33 bp	8.4 bp −$8	10.9 bp −$109	24.5 bp −$2,450	doesn't fit
Sell Lighter RH live order book, 2 min ago	1.32 bp	2.6 bp −$3	5.5 bp −$55	40.7 bp −$4,074	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	1.5190	+0.013%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5178	−0.066%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	−0.076%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.013%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5181	−0.045%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5186	−0.013%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.449%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0043% / S +0.0025%	1h	1.5180	−0.054%	$792K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0086%	8h	1.5184	−0.026%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5175	−0.085%	$2.8M	$14.6M	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	1.5178	−0.066%	$499K	$3.3M	20x
Katana Perps XRP-USD	+0.0097%	8h	1.5160	−0.184%	$11K	$326K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5171	−0.109%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5191	+0.022%	$281.0M	$226.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5178	−0.064%	$38.4M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5175	−0.088%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5169	−0.125%	$535.3M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5169	−0.125%	$347.6M	$934.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5170	−0.119%	$126.2M	$875.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	−0.079%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5169	−0.125%	$110K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5174	−0.092%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5170	−0.119%	$370.0M	$154.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5170	−0.119%	$291.1M	$901.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5180	−0.050%	$108.3M	$174.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5171	−0.112%	$268.5M	$384.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5167	−0.138%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5179	−0.061%	$5.2M	$37.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5172	−0.106%	$659K	$108.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5174	−0.092%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5192	+0.026%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5174	−0.094%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5172	−0.105%	$44K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5182	−0.041%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5186	−0.012%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5193	+0.035%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5182	−0.040%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5176	−0.082%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5173	−0.099%	$54.2M	$30.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5170	−0.121%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5160	−0.187%	$2.0M	$6.8M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5170	−0.119%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5183	−0.033%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0178%	1h	1.5182	−0.040%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0192%	1h	1.5188	long leg	$5.6M	$47.1M	50x
Hibachi XRP/USDT-P	+0.0200%	1h	1.5185	−0.019%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5170	−0.118%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	−0.059%	$24.2M	$76.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5184	−0.026%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5170	−0.118%	$517K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0647%	1h	1.5184	−0.025%	$2K	$15K	10x	as long as short