XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against Injective−2.582%66s7-day average +0.220% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as 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−$960.956% of the position

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+3.798%+$380 · spread now −2.582%, 7d avg +0.220%

Together, before fees+3.618%+ Points / potential airdropLighter: Season 3 · farm board+$362 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 2.802% cheaper against Injective than usual: you would sell low and buy high (spread −2.582% now, against its 7-day average of +0.220%). If the spread goes back, that is −$280 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour. The two prices were read 66 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	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	36m 18s	$2K	$107K	30x
Short	Lighter XRP	1.5158	0.0096	get 0.0012% / 1h	36m 18s	$2.8M	$14.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −2.582%Rate

Funding earned: $13.16
Price spread: −2.582% → +0.220%: −$280.2
Slippage, 4 orders: −$95.55
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$362.6
Costs to cover: 0.956%
Break-even: 199.9 days

Slippage from Injective: live order book, 27 min ago; Lighter: live order book, 12 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 Injective live order book, 27 min ago	46.21 bp	46.2 bp −$46	59.4 bp −$594	doesn't fit	doesn't fit
Sell Lighter live order book, 12 min ago	0.59 bp	1.1 bp −$1	4.8 bp −$48	15.6 bp −$1,562	38.4 bp −$19.2K

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	1.5132	−2.751%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5142	−2.689%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	−2.629%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0033% / S +0.0045%	1h	1.5150	−2.636%	$817K	—	200x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
01 Exchange XRPUSD	+0.0072%	1h	1.5143	−2.680%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5153	−2.616%	$62K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5158	−2.584%	$7.6M	$25.4M	50x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5158	−2.582%	$2.8M	$14.4M	20x
Lighter RH XRP	+0.0096%	1h	1.5159	−2.577%	$510K	$3.3M	20x	as long as short

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	1.5135	−2.731%	$10K	$308K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	−2.657%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5153	−2.616%	$280.3M	$220.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	−2.651%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5148	−2.648%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5157	−2.588%	$537.3M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5153	−2.616%	$343.8M	$925.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5156	−2.596%	$125.5M	$866.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5112	−2.879%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	−2.635%	$114K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5136	−2.728%	$1.6M	$88K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	−2.616%	$370.2M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5155	−2.603%	$294.0M	$896.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	−2.614%	$106.7M	$171.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	−2.616%	$266.6M	$380.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5147	−2.654%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5121	−2.824%	$5.6M	$36.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5123	−2.810%	$657K	$109.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5119	−2.832%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5120	−2.828%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5140	−2.701%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5149	−2.641%	$42K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5151	−2.628%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5157	−2.590%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	−2.670%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	−2.590%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	−2.719%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5157	−2.590%	$53.9M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	−2.649%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5150	−2.633%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5153	−2.616%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5144	−2.674%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5144	−2.673%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5160	−2.571%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−2.706%	$24.2M	$74.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5154	−2.611%	$14.5M	$73.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5131	−2.755%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0352%	8h	1.5142	−2.686%	$2.2M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5148	−2.648%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−2.763%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0706%	1h	1.5133	−2.743%	$2K	$14K	10x	as long as short