XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.004%

Price spread now: Lighter against Derive−0.053%7-day average +0.011% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.109%−$11 on $10k

Price spread, last 3 days (all we have)+0.145%+$14 · spread now −0.053%, 7d avg +0.011%

Together, before fees+0.036%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 0.064% cheaper against Derive than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive XRP-PERP	1.5206	0.0100	pay 0.0013% / 1h	25m 40s	$818K	$76K	10x
Short	Lighter XRP	1.5198	0.0096	get 0.0012% / 1h	25m 40s	$2.8M	$14.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Derive. 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 DerivebpFee LighterbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$0.84
Price spread: −0.053% → +0.011%: −$6.36
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$13.2
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Lighter: live order book, 8 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	2.32 bp	3.1 bp −$3	6.9 bp −$69	17.8 bp −$1,775	40.2 bp −$20.1K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 50 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	1.5195	−0.073%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5185	−0.141%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	−0.303%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5197	−0.060%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0059%	1h	1.5197	−0.061%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.327%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5203	−0.022%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5203	−0.021%	$62K	$953K	50x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5198	−0.053%	$2.8M	$14.3M	20x
Lighter RH XRP	+0.0096%	1h	1.5200	−0.040%	$518K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5184	−0.146%	$11K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5192	−0.090%	$890K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5198	−0.053%	$38.7M	$84.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	−0.085%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5192	−0.090%	$538.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5197	−0.060%	$342.1M	$940.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5198	−0.053%	$124.7M	$873.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.211%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5198	−0.053%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	−0.109%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5196	−0.067%	$369.7M	$152.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5195	−0.073%	$292.0M	$912.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5190	−0.104%	$107.3M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5194	−0.080%	$266.5M	$383.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5196	−0.067%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	−0.047%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5164	−0.277%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5164	−0.277%	$1.1M	$38.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.178%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5195	−0.074%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	−0.040%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5202	−0.030%	$41K	$69K	20x	as long as short
Derive XRP-PERPlong	+0.0100%	1h	1.5206	long leg	$818K	$76K	10x
SunX XRP-USDT	+0.0100%	8h	1.5210	+0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	−0.021%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5207	+0.004%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5202	−0.027%	$54.1M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5197	−0.061%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5191	−0.097%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5201	−0.031%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5195	−0.073%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0211%	1h	1.5206	−0.001%	$7.7M	$25.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5199	−0.049%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5210	+0.025%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0218%	1h	1.5204	−0.014%	$281.3M	$223.5M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5174	−0.209%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5199	−0.047%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5215	+0.058%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5198	−0.052%	$535K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0752%	1h	1.5164	−0.275%	$2K	$14K	10x	as long as short