Funding you earn now, next payment 02:00 UTC−0.0266%/8h= −29.1% APRpaid last 24h −0.024%
Price spread now: Lighter RH against Kalshi−0.013%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$250.251% of the position
Funding, last 7 days−0.109%−$11 on $10k
+Price spread, last 7 days−0.056%−$6 · spread now −0.013%, 7d avg −0.059%
=Together, before fees−0.164%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.046% dearer against Kalshi than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.059%): +$5 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.109% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.109% in total (about -5.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXXRPPERP | 1.5141 | 0.0362 | pay 0.0362% / 8h | 2h 19m | $2.1M | $35.7M | 2.9x |
| Short | Lighter RH XRP | 1.5139 | 0.0096 | get 0.0012% / 1h | 19m 39s | $511K | $3.3M | 20x |
Kalshi KXXRPPERP
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Kalshi. 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
- −$55.81
- Price spread: −0.013% → −0.059%
- $4.55
- Slippage, 4 orders
- −$15.07
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$76.32
- Costs to cover
- 0.251%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 4 min ago; Lighter RH: live order book, 4 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 Kalshi live order book, 4 min ago | 4.28 bp | 9.3 bp −$9 | 9.6 bp −$96 | 18.6 bp −$1,856 | doesn't fit |
| Sell Lighter RH live order book, 4 min ago | 1.32 bp | 1.4 bp −$1 | 5.8 bp −$58 | 40.7 bp −$4,068 | 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 | 1.5144 | +0.020% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5133 | −0.052% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5210 | +0.456% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5129 | −0.079% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5133 | −0.053% | $7.6M | $25.3M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0021% / S +0.0058% | 1h | 1.5129 | −0.079% | $800K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.767% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5129 | −0.077% | $14.5M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5133 | −0.053% | $62K | $953K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5138 | −0.019% | $2.8M | $14.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
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 | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRPshort | +0.0096% | 1h | 1.5139 | −0.013% | $511K | $3.3M | 20x | |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5128 | −0.086% | $10K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5138 | −0.017% | $935K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5134 | −0.048% | $38.5M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5137 | −0.026% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5133 | −0.051% | $536.8M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5136 | −0.033% | $340.7M | $940.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5132 | −0.059% | $124.0M | $870.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5173 | +0.211% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5135 | −0.040% | $114K | $701K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.320% | $1.6M | $330K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5132 | −0.059% | $368.0M | $152.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5134 | −0.046% | $289.3M | $914.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5133 | −0.050% | $107.0M | $171.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5131 | −0.066% | $266.5M | $384.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5129 | −0.079% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5151 | +0.064% | $6.2M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5154 | +0.084% | $658K | $109.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5186 | +0.297% | $1.1M | $37.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5174 | +0.218% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5139 | −0.013% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5133 | −0.053% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5133 | −0.055% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5136 | −0.035% | $814K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5138 | −0.020% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5132 | −0.059% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5135 | −0.042% | $49.6M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5136 | −0.033% | $53.8M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5129 | −0.079% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5127 | −0.089% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5130 | −0.076% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5134 | −0.046% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0197% | 1h | 1.5145 | +0.026% | $280.3M | $221.9M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5130 | −0.072% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5136 | −0.033% | $5.7M | $46.6M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5154 | +0.085% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0344% | 1h | 1.5149 | +0.053% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERPlong | +0.0362% | 8h | 1.5141 | long leg | $2.1M | $35.7M | 2.9x | |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5136 | −0.033% | $529K | $787K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0748% | 1h | 1.5161 | +0.131% | $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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
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
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD