Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Bulk against Lighter−0.777%53s7-day average +0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$120.116% of the position
Funding, last 3 days (all we have)+0.004%$0 on $10k
+Price spread, last 7 days+0.761%+$76 · spread now −0.777%, 7d avg +0.010%
=Together, before fees+0.764%+ Points / potential airdropLighter: Season 3 · farm board+$76 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bulk is 0.787% cheaper against Lighter than usual: you would sell low and buy high, −$79 on $10k if it goes back to its 7-day average of +0.010%. The two prices were read 53 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 | 1.5320 | 0.0096 | pay 0.0012% / 1h | 25m 49s | $3.0M | $11.4M | 20x |
| Short | Bulk XRP-USD | 1.5201 | 0.0100 | get 0.0013% / 1h | 25m 49s | $1.6M | $350K | 20x |
Lighter XRP
Bulk XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- $0.84
- Price spread: −0.777% → +0.010%
- −$78.73
- Slippage, 4 orders
- −$4.59
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$89.48
- Costs to cover
- 0.116%
- Break-even
- 752.7 days
Slippage from Lighter: live order book, 8 min ago; Bulk: 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 Lighter live order book, 8 min ago | 1.31 bp | 1.3 bp −$1 | 3.9 bp −$39 | 13.7 bp −$1,370 | 36.5 bp −$18.3K |
| Sell Bulk live order book, 3 min ago | 0.66 bp | 4.2 bp −$4 | 6.4 bp −$64 | 17.2 bp −$1,722 | 35.2 bp −$17.6K |
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 | |
|---|---|---|---|---|---|---|---|---|
| GMX XRP/USD [ETH-USDC] | L −0.0210% / S +0.0297% | 1h | 1.5320 | +0.001% | $1.7M | — | 200x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5265 | −0.360% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5323 | +0.016% | $1.1M | $99K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5250 | −0.458% | $68K | $89K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5322 | +0.012% | $256K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5324 | +0.025% | $9.2M | $24.0M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | −0.197% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0046% | 8h | 1.5314 | −0.040% | $178K | $788K | 50x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5320 | long leg | $3.0M | $11.4M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5322 | +0.012% | $445K | $3.1M | 20x | as long as short |
GMX XRP/USD [ETH-USDC]
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5305 | −0.096% | $1.1M | $5.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5317 | −0.023% | $38.9M | $71.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5322 | +0.013% | $667K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5326 | +0.038% | $548.0M | $1.84B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5331 | +0.071% | $343.4M | $835.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5334 | +0.090% | $123.6M | $832.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5297 | −0.151% | $569K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5315 | −0.034% | $114K | $647K | 20x | as long as short |
| Bulk XRP-USDshort | +0.0100% | 1h | 1.5201 | −0.777% | $1.6M | $350K | 20x | |
| Gate XRP_USDT | +0.0100% | 8h | 1.5311 | −0.060% | $367.2M | $131.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5314 | −0.040% | $288.9M | $805.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5311 | −0.057% | $113.6M | $147.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5314 | −0.040% | $266.3M | $339.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5317 | −0.021% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5205 | −0.753% | $6.2M | $24.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5202 | −0.772% | $661K | $95.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5221 | −0.648% | $1.1M | $41.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5204 | −0.758% | $1.0M | $848K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5304 | −0.107% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5315 | −0.034% | $49K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5320 | −0.001% | $42K | $59K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5318 | −0.013% | $825K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5324 | +0.028% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5319 | −0.008% | $28K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5303 | −0.110% | $50.4M | $14.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5317 | −0.021% | $54.8M | $28.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5302 | −0.116% | $477K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5316 | −0.027% | $11K | $235K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5312 | −0.055% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5317 | −0.019% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5319 | −0.008% | $8K | $8K | 10x | as long as short |
| Backpack XRP_USDC_PERP | +0.0151% | 1h | 1.5332 | +0.077% | $1.7M | $924K | 25x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0170% | 1h | 1.5318 | −0.017% | $15.3M | $63.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5328 | +0.051% | $5.4M | $43.7M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5311 | −0.059% | $1.4M | $10K | 15x | as long as short |
| Kalshi KXXRPPERP | +0.0211% | 8h | 1.5318 | −0.014% | $1.7M | $31.6M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5299 | −0.138% | $23.9M | $66.7M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0248% | 1h | 1.5249 | −0.465% | $19K | $55K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5320 | −0.003% | $406K | $496K | 10x | as long as short |
| Hyperliquid XRP | +0.0465% | 1h | 1.5334 | +0.090% | $282.0M | $181.8M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0530% | 1h | 1.5253 | −0.435% | $1K | $11K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus 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
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Backpack XRP_USDC_PERP
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
Kalshi KXXRPPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD