Funding you earn now, next payment 09:00 UTC−0.0019%/8h= −2.1% APRnext payment −$0.02 per $10,000 · paid last 24h +0.057%
Price spread now: Lighter against GMX+0.016%7-day average −0.008% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.184%+$18 on $10k
+Price spread, last 4 days (all we have)+0.012%+$1 · spread now +0.016%, 7d avg −0.008%
=Together, before fees+0.196%+ Points / potential airdropLighter: Season 3 · farm board+$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.023% dearer against GMX than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.008%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 4.0 days. Mind the row above: over the last 4 days funding on this pair paid +0.184%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX XRP/USD [ETH-USDC] | 1.5215 | L +0.0115% / S −0.0079% | pay 0.0014% / 1h | 44m 45s | $789K | — | 200x |
| Short | Lighter XRP | 1.5218 | 0.0096 | get 0.0012% / 1h | 44m 45s | $2.8M | $14.5M | 20x |
GMX XRP/USD [ETH-USDC]
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- −$4.04
- Price spread: +0.016% → −0.008%
- $2.32
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$13.72
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 4 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.50 bp | 1.5 bp −$2 | 4.9 bp −$49 | 17.8 bp −$1,780 | 40.0 bp −$20.0K |
GMX: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0171% | 1h | 1.5222 | +0.045% | $14.8M | $76.0M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5222 | +0.043% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5218 | +0.017% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5230 | +0.095% | $68K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5223 | +0.049% | $7.7M | $23.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5216 | +0.001% | $247K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.264% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5224 | +0.058% | $17K | $78K | 7x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5218 | +0.016% | $2.8M | $14.5M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5222 | +0.043% | $628K | $3.1M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5219 | +0.023% | $20K | $382K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5223 | +0.053% | $998K | $6.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5217 | +0.010% | $38.6M | $84.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5219 | +0.025% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5217 | +0.010% | $530.8M | $2.19B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5214 | −0.010% | $352.6M | $944.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5215 | −0.003% | $126.9M | $856.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5228 | +0.082% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5230 | +0.095% | $143K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5227 | +0.079% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5217 | +0.010% | $379.3M | $151.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5221 | +0.036% | $313.3M | $913.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5221 | +0.034% | $106.7M | $183.9M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5216 | +0.003% | $269.8M | $383.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5218 | +0.017% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5218 | +0.016% | $4.8M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5221 | +0.033% | $661K | $113.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5230 | +0.095% | $1.1M | $33.6M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5234 | +0.122% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5225 | +0.063% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5223 | +0.049% | $52K | $513K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5217 | +0.010% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5221 | +0.036% | $78K | $667K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5225 | +0.063% | $819K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5223 | +0.051% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5219 | +0.023% | $28K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5217 | +0.008% | $49.7M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5218 | +0.017% | $54.4M | $32.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5225 | +0.064% | $475K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5213 | −0.013% | $2.1M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5218 | +0.014% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC]long | L +0.0115% / S −0.0079% | 1h | 1.5215 | long leg | $789K | — | 200x | |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5229 | +0.089% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5222 | +0.043% | $5.6M | $48.0M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0175% | 8h | 1.5227 | +0.076% | $1.7M | $33.4M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0186% | 1h | 1.5232 | +0.109% | $291.0M | $267.8M | 20x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5219 | +0.023% | $23.6M | $77.8M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5213 | −0.014% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0259% | 1h | 1.5230 | +0.095% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5226 | +0.072% | $522K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0539% | 1h | 1.5225 | +0.063% | $3K | $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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
BloFin XRP-USDT
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD