Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%
Price spread now: Lighter RH against GRVT−0.151%79s7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$150.148% of the position
Funding, last 7 days−0.089%−$9 on $10k
+Price spread, last 7 days+0.136%+$14 · spread now −0.151%, 7d avg −0.030%
=Together, before fees+0.047%+ Points / potential airdropGRVT: Active · Lighter RH: Points live · farm board+$5 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 RH is 0.121% cheaper against GRVT than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT XRP_USDT_Perp | 1.5161 | 0.0100 | pay 0.0100% / 8h | 6h 02m | $1.1M | $36.6M | 20x |
| Short | Lighter RH XRP | 1.5138 | 0.0096 | get 0.0012% / 1h | 2m 13s | $509K | $3.3M | 20x |
GRVT XRP_USDT_Perp
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against GRVT. 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: −0.151% → −0.030%
- −$12.09
- Slippage, 4 orders
- −$5.84
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$27.77
- Costs to cover
- 0.148%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 2 min ago; Lighter RH: live order book, 6 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 GRVT live order book, 2 min ago | 0.33 bp | 6.1 bp −$6 | 16.7 bp −$167 | 51.4 bp −$5,140 | doesn't fit |
| Sell Lighter RH live order book, 6 min ago | 1.65 bp | 1.7 bp −$2 | 7.0 bp −$70 | 37.6 bp −$3,756 | doesn't fit |
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 | 1.5153 | −0.052% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5128 | −0.214% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.060% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5135 | −0.168% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0024% / S +0.0053% | 1h | 1.5135 | −0.174% | $799K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.632% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5132 | −0.188% | $14.5M | $72.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0074% | 8h | 1.5137 | −0.158% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5138 | −0.152% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRPshort | +0.0096% | 1h | 1.5138 | −0.151% | $509K | $3.3M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5123 | −0.250% | $10K | $299K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5124 | −0.247% | $974K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5140 | −0.140% | $38.4M | $83.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5126 | −0.232% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5137 | −0.160% | $536.4M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5136 | −0.164% | $341.5M | $926.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5136 | −0.164% | $124.6M | $864.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5128 | −0.217% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5134 | −0.178% | $115K | $694K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5144 | −0.112% | $1.6M | $214K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5132 | −0.191% | $368.0M | $153.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5135 | −0.171% | $293.1M | $919.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5133 | −0.183% | $106.6M | $170.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5134 | −0.178% | $267.1M | $380.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5134 | −0.178% | — | $126.8M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5141 | −0.132% | $6.3M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5131 | −0.196% | $657K | $109.4M | 30x | as long as short |
| GRVT XRP_USDT_Perplong | +0.0100% | 8h | 1.5161 | long leg | $1.1M | $36.6M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5137 | −0.158% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5139 | −0.141% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5140 | −0.138% | $42K | $446K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5139 | −0.147% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5138 | −0.154% | $814K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5142 | −0.127% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5135 | −0.171% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5137 | −0.160% | $49.6M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5137 | −0.158% | $53.9M | $29.9M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5130 | −0.202% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5131 | −0.198% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5133 | −0.181% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5133 | −0.184% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0147% | 1h | 1.5137 | −0.158% | $7.7M | $25.1M | 50x | as long as short |
| Hyperliquid XRP | +0.0157% | 1h | 1.5144 | −0.112% | $280.3M | $219.8M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5136 | −0.163% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5142 | −0.125% | $5.7M | $46.5M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5161 | +0.003% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0330% | 1h | 1.5144 | −0.112% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERP | +0.0359% | 8h | 1.5135 | −0.171% | $2.1M | $35.2M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5135 | −0.171% | $527K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0766% | 1h | 1.5149 | −0.077% | $2K | $14K | 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-USDT
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
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
Deribit XRP_USDC-PERPETUAL
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD