XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0287%/8h= −31.4% APRnext payment −$0.36 per $10,000 · paid last 24h −0.081%

Price spread now: Lighter RH against Hyperliquid−0.059%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$170.166% of the position

Long on Hyperliquid Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 7 days+0.064%+$6 · spread now −0.059%, 7d avg −0.055%

Together, before fees−0.138%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.055%, so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid XRP	1.5377	0.0383	pay 0.0048% / 1h	11m 42s	$290.4M	$215.7M	20x
Short	Lighter RH XRP	1.5368	0.0096	get 0.0012% / 1h	11m 42s	$515K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Hyperliquid. 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 HyperliquidbpFee Lighter RHbpOrdersPrice spread, now −0.059%Rate

Funding earned: −$60.25
Price spread: −0.059% → −0.055%: −$0.32
Slippage, 4 orders: −$7.62
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$77.19
Costs to cover: 0.166%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 12 min ago; Lighter RH: live order book, 2 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, 12 min ago	0.32 bp	4.8 bp −$5	6.2 bp −$62	doesn't fit	doesn't fit
Sell Lighter RH live order book, 2 min ago	2.60 bp	3.2 bp −$3	7.4 bp −$74	44.4 bp −$4,441	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	1.5369	−0.052%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5360	−0.110%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5360	−0.108%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0018% / S +0.0074%	1h	1.5361	−0.103%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.190%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0064%	8h	1.5360	−0.111%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5356	−0.137%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5365	−0.078%	$9.3M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5366	−0.073%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5368	−0.059%	$515K	$3.2M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5354	−0.150%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5370	−0.048%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5368	−0.055%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5364	−0.084%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5365	−0.078%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5364	−0.082%	$542.8M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5361	−0.104%	$342.1M	$919.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5362	−0.098%	$124.9M	$867.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5366	−0.072%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5363	−0.091%	$118K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.667%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5358	−0.124%	$375.3M	$151.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5365	−0.078%	$306.6M	$913.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5361	−0.105%	$111.0M	$166.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5362	−0.098%	$269.6M	$375.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5355	−0.143%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.292%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.124%	$668K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5366	−0.073%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5374	−0.020%	$1.2M	$997K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	−0.065%	$48K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5364	−0.083%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	−0.085%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	−0.077%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5360	−0.111%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5367	−0.066%	$50.4M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5363	−0.091%	$54.6M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5359	−0.119%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5357	−0.132%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	−0.098%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5354	−0.148%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5366	−0.072%	$24.1M	$74.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5367	−0.065%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5363	−0.092%	$14.5M	$70.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0308%	1h	1.5367	−0.065%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5361	−0.104%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5366	−0.072%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRPlong	+0.0383%	1h	1.5377	long leg	$290.4M	$215.7M	20x
Phoenix XRP	+0.0520%	1h	1.5320	−0.371%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5363	−0.093%	$543K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0831%	1h	1.5364	−0.084%	$2K	$13K	10x	as long as short