XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.030%

Price spread now: Coinbase International against Lighter−0.167%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$180.181% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 4 days (all we have)−0.099%−$10 · spread now −0.167%, 7d avg +0.017%

Together, before fees−0.007%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.184% cheaper against Lighter than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of +0.017%). If the spread goes back, that is −$18 on $10k: about 6.4 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.091% in total) that is about 14 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5156	0.0096	pay 0.0012% / 1h	44m 18s	$2.8M	$14.5M	20x
Short	Coinbase International XRP-PERP-INTX	1.5131	0.0192	get 0.0024% / 1h	44m 18s	$5.6M	$47.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Lighter. 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 LighterbpFee Coinbase InternationalbpOrdersPrice spread, now −0.167%Rate

Funding earned: $20.16
Price spread: −0.167% → +0.017%: −$18.4
Slippage, 4 orders: −$8.1
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$16.33
Costs to cover: 0.181%
Break-even: 12.7 days

Slippage from Lighter: live order book, 9 min ago; Coinbase International: live order book, 5 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, 9 min ago	0.84 bp	0.8 bp −$1	4.7 bp −$47	12.8 bp −$1,280	34.7 bp −$17.3K
Sell Coinbase International live order book, 5 min ago	0.33 bp	6.3 bp −$6	9.1 bp −$91	21.4 bp −$2,144	doesn't fit

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	1.5138	−0.121%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5129	−0.183%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5145	−0.075%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	−0.107%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5162	+0.038%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5131	−0.167%	$7.7M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.664%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0039% / S +0.0031%	1h	1.5163	+0.046%	$788K	—	200x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5162	+0.038%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5164	+0.051%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRPlong	+0.0096%	1h	1.5156	long leg	$2.8M	$14.5M	20x
Lighter RH XRP	+0.0096%	1h	1.5143	−0.088%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5152	−0.028%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5153	−0.018%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5169	+0.084%	$281.7M	$225.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5160	+0.024%	$38.3M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5152	−0.027%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5166	+0.063%	$534.0M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5164	+0.051%	$345.1M	$931.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5164	+0.051%	$125.9M	$875.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5133	−0.154%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5123	−0.220%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	−0.070%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5161	+0.031%	$370.2M	$152.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5165	+0.057%	$298.8M	$896.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5155	−0.009%	$108.0M	$173.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5161	+0.031%	$267.9M	$383.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5165	+0.057%	—	$126.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.182%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.288%	$656K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5112	−0.294%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5121	−0.233%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5163	+0.044%	$43K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5164	+0.048%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5163	+0.045%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5136	−0.131%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5129	−0.180%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5126	−0.197%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5134	−0.147%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	−0.056%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5153	−0.023%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.025%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5160	+0.026%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5132	−0.158%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0162%	1h	1.5144	−0.081%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0192%	1h	1.5131	−0.167%	$5.6M	$47.0M	50x
Reya XRPRUSDPERP	+0.0216%	1h	1.5163	+0.043%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5136	−0.134%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0319%	8h	1.5135	−0.140%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5161	+0.029%	$516K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0661%	1h	1.5138	−0.119%	$2K	$15K	10x	as long as short