XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.023%

Price spread now: Lighter against Kraken Futures+0.032%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.115%−$12 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now +0.032%, 7d avg +0.007%

Together, before fees+0.014%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.025% dearer against Kraken Futures than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 7 days funding on this pair cost −0.115%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5174	0.0022	pay 0.0003% / 1h	25m 13s	$14.4M	$74.5M	50x
Short	Lighter XRP	1.5179	0.0096	get 0.0012% / 1h	25m 13s	$2.9M	$14.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.032%Rate

Funding earned: $15.64
Price spread: +0.032% → +0.007%: $2.47
Slippage, 4 orders: −$10.14
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$2.02
Costs to cover: 0.201%
Break-even: 7.9 days

Slippage from Kraken Futures: live order book, 4 min ago; Lighter: live order book, 3 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 Kraken Futures live order book, 4 min ago	0.99 bp	7.1 bp −$7	9.9 bp −$99	17.8 bp −$1,782	39.6 bp −$19.8K
Sell Lighter live order book, 3 min ago	0.76 bp	0.8 bp −$1	7.8 bp −$78	15.7 bp −$1,568	37.7 bp −$18.8K

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	1.5184	+0.068%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5188	+0.092%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5180	+0.041%	$7.8M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5177	+0.024%	$254K	—	150x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0022%	1h	1.5174	long leg	$14.4M	$74.5M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.545%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5177	+0.020%	$792K	—	200x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5179	+0.032%	$2.9M	$14.7M	20x
Lighter RH XRP	+0.0096%	1h	1.5180	+0.041%	$496K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5187	+0.087%	$10K	$347K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5183	+0.064%	$989K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5174	+0.002%	$38.5M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5188	+0.093%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5173	−0.007%	$535.0M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5174	+0.002%	$347.2M	$942.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5173	−0.005%	$126.7M	$883.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5182	+0.054%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5189	+0.100%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	+0.252%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5180	+0.041%	$369.2M	$155.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5178	+0.028%	$296.0M	$904.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5181	+0.049%	$109.1M	$177.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5174	+0.002%	$269.2M	$389.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5174	+0.002%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.085%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.098%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5219	+0.298%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.147%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5184	+0.068%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5183	+0.061%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.028%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5178	+0.028%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5179	+0.037%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5183	+0.062%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5174	+0.002%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5186	+0.083%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	+0.028%	$54.0M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5185	+0.075%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5173	−0.004%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5173	−0.005%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5190	+0.107%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5184	+0.068%	$5.7M	$47.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5176	+0.014%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5179	+0.035%	$24.1M	$76.0M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0270%	1h	1.5195	+0.140%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5191	+0.116%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0331%	8h	1.5185	+0.074%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5187	+0.090%	$517K	$776K	10x	as long as short
Hyperliquid XRP	+0.0401%	1h	1.5200	+0.173%	$301.0M	$246.0M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.107%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5204	+0.201%	$2K	$15K	10x	as long as short