Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Bybit against Lighter−0.057%7-day average −0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$12as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$150.153% of the position
Funding, last 7 days+0.038%+$4 on $10k
+Price spread, last 7 days+0.051%+$5 · spread now −0.057%, 7d avg −0.003%
=Together, before fees+0.089%+ Points / potential airdropLighter: Season 3 · farm board+$9 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: Bybit is 0.054% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5197 | 0.0096 | pay 0.0012% / 1h | 25m 09s | $2.8M | $14.3M | 20x |
| Short | Bybit XRPUSDT | 1.5188 | 0.0100 | get 0.0100% / 8h | 6h 25m | $342.0M | $940.5M | 100x |
Lighter XRP
Bybit XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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: −0.057% → −0.003%
- −$5.45
- Slippage, 4 orders
- −$4.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$19.91
- Costs to cover
- 0.153%
- Break-even
- 172.9 days
Slippage from Lighter: live order book, 3 min ago; Bybit: 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 Lighter live order book, 3 min ago | 1.10 bp | 1.6 bp −$2 | 5.3 bp −$53 | 14.0 bp −$1,402 | 36.6 bp −$18.3K |
| Sell Bybit live order book, 4 min ago | 0.33 bp | 6.2 bp −$6 | 7.7 bp −$77 | 13.3 bp −$1,327 | 25.2 bp −$12.6K |
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 | 1.5195 | −0.011% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5185 | −0.079% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5210 | +0.088% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5199 | +0.013% | $254K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0020% / S +0.0059% | 1h | 1.5197 | +0.004% | $803K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.391% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5193 | −0.027% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5201 | +0.028% | $62K | $953K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0079% | 1h | 1.5199 | +0.015% | $7.7M | $25.2M | 50x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5197 | long leg | $2.8M | $14.3M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUALShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5199 | +0.015% | $518K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5184 | −0.083% | $11K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5187 | −0.060% | $896K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5200 | +0.023% | $38.7M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5193 | −0.023% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5189 | −0.053% | $538.7M | $2.10B | 100x | as long as short |
| Bybit XRPUSDTshort | +0.0100% | 8h | 1.5188 | −0.057% | $342.0M | $940.5M | 100x | |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5188 | −0.057% | $124.8M | $873.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5174 | −0.149% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5198 | +0.009% | $115K | $700K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | −0.047% | $1.6M | $330K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5188 | −0.057% | $369.5M | $152.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5186 | −0.070% | $291.3M | $912.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5196 | −0.004% | $107.3M | $171.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5184 | −0.083% | $266.3M | $383.8M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5187 | −0.064% | — | $126.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5199 | +0.015% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5184 | −0.086% | $659K | $108.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5181 | −0.102% | $1.1M | $37.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5179 | −0.116% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5199 | +0.015% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5200 | +0.022% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5201 | +0.030% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5199 | +0.012% | $818K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5198 | +0.009% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5196 | −0.004% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5197 | +0.002% | $49.8M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5195 | −0.011% | $54.1M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5197 | +0.002% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5193 | −0.022% | $2.1M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5197 | +0.003% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0128% | 1h | 1.5195 | −0.011% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5196 | −0.003% | $1.3M | $7K | 15x | as long as short |
| Hyperliquid XRP | +0.0216% | 1h | 1.5197 | +0.002% | $281.2M | $223.5M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5199 | +0.015% | $5.7M | $46.8M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5203 | +0.042% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0358% | 8h | 1.5199 | +0.015% | $2.1M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0363% | 1h | 1.5196 | −0.004% | $1.9M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5198 | +0.010% | $535K | $785K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0756% | 1h | 1.5174 | −0.148% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance 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
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
Reya XRPRUSDPERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD