Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Derive+0.026%7-day average +0.011% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.115%−$11 on $10k
+Price spread, last 4 days (all we have)+0.105%+$11 · spread now +0.026%, 7d avg +0.011%
=Together, before fees−0.010%+ Points / potential airdropLighter RH: Points live · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive XRP-PERP | 1.5123 | 0.0100 | pay 0.0013% / 1h | 13m 20s | $814K | $72K | 10x |
| Short | Lighter RH XRP | 1.5127 | 0.0096 | get 0.0012% / 1h | 13m 20s | $547K | $3.3M | 20x |
Derive XRP-PERP
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Derive. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: +0.026% → +0.011%
- $1.49
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$5.35
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Lighter RH: live order book, 5 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 RH live order book, 5 min ago | 1.00 bp | 1.1 bp −$1 | 3.7 bp −$37 | 40.4 bp −$4,041 | doesn't fit |
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 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 | 1.5099 | −0.159% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5120 | −0.019% | $14.2M | $75.0M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5115 | −0.055% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5090 | −0.219% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5120 | −0.019% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.889% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0072% / S −0.0016% | 1h | 1.5122 | −0.009% | $797K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0081% | 1h | 1.5126 | +0.019% | $7.7M | $25.5M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5127 | +0.026% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5126 | +0.018% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRPshort | +0.0096% | 1h | 1.5127 | +0.026% | $547K | $3.3M | 20x | |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5115 | −0.053% | $10K | $361K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5112 | −0.070% | $981K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5126 | +0.020% | $38.4M | $87.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5119 | −0.027% | $601K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5129 | +0.039% | $526.2M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5131 | +0.052% | $344.1M | $965.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5131 | +0.052% | $126.5M | $886.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5088 | −0.232% | $561K | $34K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5129 | +0.039% | $144K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5026 | −0.639% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5125 | +0.013% | $371.8M | $160.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5124 | +0.006% | $295.8M | $925.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5124 | +0.008% | $106.8M | $181.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5121 | −0.014% | $265.6M | $398.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5123 | −0.001% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5072 | −0.338% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5079 | −0.290% | $655K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5088 | −0.232% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5085 | −0.252% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5121 | −0.014% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5130 | +0.046% | $51K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5125 | +0.012% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5122 | −0.007% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERPlong | +0.0100% | 1h | 1.5123 | long leg | $814K | $72K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5126 | +0.021% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5121 | −0.014% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5123 | −0.001% | $49.4M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5120 | −0.020% | $53.8M | $32.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5129 | +0.040% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5116 | −0.044% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5120 | −0.017% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0122% | 1h | 1.5140 | +0.112% | $289.1M | $262.3M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5128 | +0.033% | $5.7M | $48.6M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0192% | 1h | 1.5102 | −0.142% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0196% | 1h | 1.5124 | +0.006% | $2.0M | $1.4M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0201% | 8h | 1.5127 | +0.026% | $1.7M | $35.7M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5121 | −0.012% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5123 | −0.001% | $23.2M | $77.3M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5126 | +0.018% | $520K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0587% | 1h | 1.5080 | −0.287% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD