Funding you earn now, next payment 07:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.045%
Price spread now: Lighter RH against Hibachi−0.060%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.317%−$32 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHibachi: Active · Lighter RH: Points live · farm boardneeds both histories
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Lighter RH is 0.060% cheaper against Hibachi than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5226 | 0.0144 | pay 0.0018% / 1h | 25m 16s | $17K | $79K | 7x |
| Short | Lighter RH XRP | 1.5217 | 0.0096 | get 0.0012% / 1h | 25m 16s | $547K | $3.2M | 20x |
Hibachi XRP/USDT-P
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Hibachi. 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
- −$10.08
- Price spread: −0.060% → 0.000%
- −$5.96
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$25.04
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Hibachi: no order-book sample; Lighter RH: live order book, 3 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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 3 min ago | 1.98 bp | 2.8 bp −$3 | 7.0 bp −$70 | 41.5 bp −$4,153 | doesn't fit |
Hibachi: 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 | 1.5214 | −0.079% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5221 | −0.036% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5210 | −0.106% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5226 | −0.001% | $246K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5220 | −0.040% | $7.7M | $24.8M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0024% | 1h | 1.5216 | −0.066% | $14.4M | $75.0M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.193% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0085% / S −0.0035% | 1h | 1.5204 | −0.143% | $802K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5217 | −0.057% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRPshort | +0.0096% | 1h | 1.5217 | −0.060% | $547K | $3.2M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5227 | +0.006% | $11K | $372K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5232 | +0.036% | $991K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5217 | −0.059% | $38.6M | $87.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5217 | −0.058% | $619K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5217 | −0.061% | $533.9M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5212 | −0.092% | $346.8M | $963.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5214 | −0.079% | $127.5M | $886.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5198 | −0.184% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5239 | +0.085% | $144K | $715K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5227 | +0.006% | $378.0M | $160.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5216 | −0.066% | $304.4M | $927.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5225 | −0.010% | $107.9M | $182.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5210 | −0.106% | $268.4M | $397.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5218 | −0.053% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5222 | −0.028% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5198 | −0.183% | $660K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5212 | −0.093% | $1.1M | $36.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5207 | −0.125% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5235 | +0.056% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5240 | +0.091% | $47K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5226 | −0.001% | $41K | $71K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5221 | −0.033% | $65K | $773K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5148 | −0.510% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5225 | −0.006% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5218 | −0.053% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5230 | +0.027% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5216 | −0.066% | $54.5M | $32.5M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5157 | −0.454% | $1.6M | $5K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5222 | −0.024% | $475K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5212 | −0.092% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5217 | −0.060% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5242 | +0.105% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0144% | 1h | 1.5226 | long leg | $17K | $79K | 7x | |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5222 | −0.027% | $5.7M | $48.4M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0190% | 1h | 1.5220 | −0.040% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRP | +0.0200% | 1h | 1.5224 | −0.014% | $289.5M | $265.1M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0217% | 8h | 1.5227 | +0.006% | $1.8M | $35.2M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5228 | +0.014% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5220 | −0.040% | $23.7M | $78.1M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5235 | +0.057% | $532K | $800K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0616% | 1h | 1.5192 | −0.222% | $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
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
Bulk XRP-USD
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD