Funding you earn now, next payment 09:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h +0.037%
Price spread now: BloFin against Lighter+0.188%60s7-day average −0.007% · you sell dearer than you buy
Net, funding: paid 7d − costs+$4as 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−$190.189% of the position
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 4 days (all we have)−0.851%−$85 · spread now +0.188%, 7d avg −0.007%
=Together, before fees−0.624%+ Points / potential airdropLighter: Season 3 · farm board−$62 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.195% dearer against Lighter than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.007%. The two prices were read 60 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 | Lighter XRP | 1.5499 | 0.0096 | pay 0.0012% / 1h | 2m 05s | $2.8M | $14.8M | 20x |
| Short | BloFin XRP-USDT | 1.5528 | 0.0220 | get 0.0220% / 8h | 7h 02m | $23.9M | $79.2M | 125x |
Lighter XRP
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Lighter. 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
- $26.04
- Price spread: +0.188% → −0.007%
- $19.53
- Slippage, 4 orders
- −$6.87
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $26.7
- Costs to cover
- 0.189%
- Break-even
- from the start
Slippage from Lighter: live order book, 6 min ago; BloFin: live order book, 7 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 Lighter live order book, 6 min ago | 1.30 bp | 1.3 bp −$1 | 5.1 bp −$51 | 15.6 bp −$1,556 | 37.7 bp −$18.8K |
| Sell BloFin live order book, 7 min ago | 1.62 bp | 7.6 bp −$8 | 7.9 bp −$79 | 11.7 bp −$1,174 | 29.4 bp −$14.7K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0168% | 1h | 1.5502 | +0.017% | $14.2M | $73.6M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5524 | +0.162% | $5K | $3K | 20x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5490 | −0.057% | $70K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5504 | +0.033% | $8.0M | $22.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5500 | +0.006% | $252K | — | 150x | as long as short |
| dYdX XRP-USD | +0.0005% | 1h | 1.5513 | +0.088% | $1.1M | $155K | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +0.395% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0056% | 1h | 1.5535 | +0.236% | $18K | $78K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5502 | +0.020% | $9K | $2K | 10x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5499 | long leg | $2.8M | $14.8M | 20x |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
dYdX XRP-USD
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
01 Exchange XRPUSDShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5505 | +0.040% | $628K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5508 | +0.059% | $20K | $378K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5518 | +0.125% | $484K | $52K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5505 | +0.043% | $1.0M | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5501 | +0.014% | $39.2M | $82.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5516 | +0.108% | $628K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5491 | −0.053% | $541.6M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5484 | −0.096% | $360.1M | $910.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5486 | −0.083% | $126.1M | $850.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5449 | −0.322% | $567K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5516 | +0.111% | $162K | $698K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5432 | −0.430% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5501 | +0.014% | $389.1M | $160.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5498 | −0.005% | $313.2M | $943.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5502 | +0.021% | $110.0M | $180.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5500 | +0.007% | $274.7M | $361.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5500 | +0.007% | — | $105.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5506 | +0.046% | $4.9M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5483 | −0.103% | $674K | $113.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5525 | +0.169% | $1.1M | $32.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5485 | −0.089% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5513 | +0.088% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5507 | +0.053% | $53K | $502K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5507 | +0.052% | $42K | $66K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5503 | +0.027% | $78K | $623K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5503 | +0.029% | $130K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5498 | −0.005% | $31K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5492 | −0.046% | $50.6M | $14.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5497 | −0.012% | $55.1M | $33.2M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5494 | −0.029% | $2.1M | $5.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5500 | +0.007% | $60K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0143% / S −0.0109% | 1h | 1.5498 | −0.008% | $831K | — | 200x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5502 | +0.020% | $5.3M | $46.4M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0171% | 8h | 1.5517 | +0.117% | $1.8M | $33.0M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0196% | 1h | 1.5517 | +0.117% | $299.6M | $265.8M | 20x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5528 | +0.188% | $23.9M | $79.2M | 125x | |
| Reya XRPRUSDPERP | +0.0222% | 1h | 1.5495 | −0.025% | $1.4M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0237% | 1h | 1.5508 | +0.059% | $2.0M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5535 | +0.231% | $523K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0478% | 1h | 1.5471 | −0.183% | $3K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Paradex XRP-USD-PERP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD