Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.085%
Price spread now: Lighter against Hyperliquid−0.048%7-day average −0.044% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$140.143% of the position
Funding, last 7 days−0.205%−$20 on $10k
+Price spread, last 7 days+0.037%+$4 · spread now −0.048%, 7d avg −0.044%
=Together, before fees−0.168%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board−$17 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5150 | 0.0100 | pay 0.0013% / 1h | 2m 51s | $280.4M | $227.9M | 20x |
| Short | Lighter XRP | 1.5143 | 0.0096 | get 0.0012% / 1h | 2m 51s | $2.8M | $14.6M | 20x |
Hyperliquid XRP
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Hyperliquid. 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: −0.048% → −0.044%
- −$0.36
- Slippage, 4 orders
- −$5.27
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$15.47
- Costs to cover
- 0.143%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Lighter: 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 Hyperliquid live order book, 11 min ago | 0.66 bp | 5.7 bp −$6 | 6.9 bp −$69 | 11.8 bp −$1,180 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 0.88 bp | 1.7 bp −$2 | 7.8 bp −$78 | 17.0 bp −$1,700 | 35.7 bp −$17.9K |
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 | 1.5125 | −0.165% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5137 | −0.089% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5132 | −0.121% | $1.1M | $111K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5120 | −0.198% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5138 | −0.077% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5142 | −0.053% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.706% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0047% / S +0.0020% | 1h | 1.5137 | −0.084% | $789K | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0093% | 8h | 1.5140 | −0.066% | $62K | $934K | 50x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5143 | −0.048% | $2.8M | $14.6M | 20x |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5144 | −0.040% | $498K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5133 | −0.112% | $10K | $331K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5133 | −0.109% | $1.1M | $6.0M | 20x | as long as short |
| Hyperliquid XRPlong | +0.0100% | 1h | 1.5150 | long leg | $280.4M | $227.9M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5140 | −0.066% | $38.2M | $83.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5138 | −0.079% | $607K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5139 | −0.073% | $532.9M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5140 | −0.066% | $345.7M | $937.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5140 | −0.066% | $126.9M | $875.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5120 | −0.198% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5143 | −0.046% | $110K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5114 | −0.238% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5139 | −0.073% | $369.1M | $154.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5137 | −0.086% | $294.5M | $904.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5141 | −0.060% | $107.8M | $175.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5139 | −0.073% | $268.1M | $385.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5137 | −0.086% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5110 | −0.265% | $5.2M | $37.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5109 | −0.271% | $656K | $108.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5115 | −0.229% | $1.1M | $36.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5110 | −0.264% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5144 | −0.040% | $44K | $454K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5140 | −0.068% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5141 | −0.057% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5144 | −0.038% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5139 | −0.073% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5127 | −0.155% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5140 | −0.066% | $53.8M | $31.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5139 | −0.073% | $472K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5138 | −0.081% | — | $11K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5135 | −0.097% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5138 | −0.077% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0112% | 1h | 1.5142 | −0.053% | $8K | $8K | 10x | as long as short |
| Backpack XRP_USDC_PERP | +0.0189% | 1h | 1.5149 | −0.007% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5145 | −0.033% | $5.6M | $47.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5110 | −0.264% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5141 | −0.058% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5138 | −0.079% | $24.2M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0313% | 8h | 1.5132 | −0.119% | $2.1M | $34.7M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5145 | −0.036% | $516K | $774K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0681% | 1h | 1.5135 | −0.099% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
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
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
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD