XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter RH against dYdX+0.065%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.457% of the position

Long on dYdX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.065%, 7d avg +0.009%

Together, before fees+0.056%+ Points / potential airdropLighter RH: Points live · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.056% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5543	0	get 0.0000% / 1h	14m 42s	$1.1M	$113K	10x
Short	Lighter RH XRP	1.5553	0.0096	get 0.0012% / 1h	14m 42s	$440K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against dYdX. 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 dYdXbpFee Lighter RHbpOrdersPrice spread, now +0.065%Rate

Funding earned: $20.16
Price spread: +0.065% → +0.009%: $5.61
Slippage, 4 orders: −$35.75
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$19.97
Costs to cover: 0.457%
Break-even: 13.9 days

Slippage from dYdX: live order book, 4 min ago; Lighter RH: live order book, 4 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 dYdX live order book, 4 min ago	16.40 bp	21.4 bp −$21	21.4 bp −$214	22.7 bp −$2,267	62.8 bp −$31.4K
Sell Lighter RH live order book, 4 min ago	0.96 bp	2.0 bp −$2	7.6 bp −$76	37.4 bp −$3,742	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	1.5559	+0.103%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L −0.0002% / S +0.0116%	1h	1.5548	+0.032%	$851K	—	200x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5543	long leg	$1.1M	$113K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5550	+0.045%	$9.5M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5549	+0.038%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.110%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5553	+0.064%	$15.6M	$68.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5553	+0.065%	$78K	$947K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5546	+0.021%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5553	+0.065%	$440K	$3.2M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5556	+0.084%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5552	+0.055%	$39.4M	$78.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5547	+0.029%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5545	+0.014%	$559.3M	$1.98B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5540	−0.019%	$346.0M	$901.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5538	−0.032%	$127.5M	$881.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5556	+0.084%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5560	+0.110%	$119K	$745K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5567	+0.153%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5552	+0.058%	$373.9M	$140.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5546	+0.020%	$300.4M	$861.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5542	−0.008%	$114.1M	$160.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5547	+0.026%	$271.7M	$364.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5553	+0.065%	—	$119.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5575	+0.203%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5570	+0.176%	$676K	$102.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5572	+0.185%	$1.1M	$41.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5581	+0.245%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5556	+0.083%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5554	+0.071%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5552	+0.058%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5551	+0.051%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5556	+0.083%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5554	+0.071%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5555	+0.081%	$51.1M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5553	+0.065%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5539	−0.023%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5557	+0.090%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5548	+0.035%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5546	+0.021%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5559	+0.103%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5552	+0.055%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5563	+0.129%	$5.9M	$47.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5550	+0.045%	$24.4M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0224%	1h	1.5577	+0.222%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0292%	1h	1.5568	+0.161%	$1.8M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0325%	8h	1.5562	+0.123%	$1.9M	$33.1M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5550	+0.045%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5564	+0.137%	$510K	$630K	10x	as long as short
Hyperliquid XRP	+0.0592%	1h	1.5566	+0.148%	$291.0M	$204.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0758%	1h	1.5560	+0.109%	$1K	$11K	10x	as long as short