Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: dYdX against Lighter−0.015%7-day average +0.007% · you buy dearer than you sell
Net, funding: paid 7d − costs−$71as in the Funding arb table
Net, price: spread back to 7d avg − costs−$62as in the Price arb table
costs, in and out, $10k−$600.602% of the position
Funding, last 7 days−0.107%−$11 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.015%, 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.021% cheaper against Lighter than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.007%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5178 | 0.0096 | pay 0.0012% / 1h | 24m 26s | $2.8M | $14.6M | 20x |
| Short | dYdX XRP-USD | 1.5176 | 0 | get 0.0000% / 1h | 24m 26s | $1.1M | $111K | 10x |
Lighter XRP
dYdX XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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
- −$20.16
- Price spread: −0.015% → +0.007%
- −$2.15
- Slippage, 4 orders
- −$50.21
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$82.52
- Costs to cover
- 0.602%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; dYdX: 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, 4 min ago | 1.86 bp | 2.0 bp −$2 | 5.5 bp −$55 | 15.8 bp −$1,584 | 37.0 bp −$18.5K |
| Sell dYdX live order book, 5 min ago | 21.08 bp | 26.1 bp −$26 | 26.1 bp −$261 | 63.0 bp −$6,303 | 210.4 bp −$105.2K |
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 | 1.5187 | +0.061% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5185 | +0.050% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USDshort | 0.0000% | 1h | 1.5176 | −0.015% | $1.1M | $111K | 10x | |
| Phoenix XRP | 0.0000% | 1h | 1.5180 | +0.014% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5176 | −0.011% | $254K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5190 | +0.080% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.518% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0043% / S +0.0026% | 1h | 1.5174 | −0.023% | $792K | — | 200x | as long as short |
| Orderly PERP_XRP_USDC | +0.0085% | 8h | 1.5177 | −0.005% | $62K | $934K | 50x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5178 | long leg | $2.8M | $14.6M | 20x |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5181 | +0.021% | $498K | $3.3M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5186 | +0.054% | $8K | $8K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5172 | −0.038% | $10K | $326K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5171 | −0.042% | $1.1M | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5192 | +0.094% | $281.8M | $226.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5171 | −0.045% | $38.4M | $83.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5176 | −0.012% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5178 | +0.001% | $535.1M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5179 | +0.008% | $347.1M | $934.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5179 | +0.008% | $126.2M | $875.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5174 | −0.025% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5183 | +0.034% | $110K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5174 | −0.025% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5179 | +0.008% | $370.1M | $154.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5178 | +0.001% | $291.3M | $900.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5184 | +0.038% | $108.3M | $174.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5182 | +0.028% | $268.7M | $384.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5180 | +0.014% | — | $127.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5179 | +0.006% | $5.2M | $37.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5159 | −0.121% | $658K | $108.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5178 | −0.002% | $1.1M | $36.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5164 | −0.091% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5181 | +0.019% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5183 | +0.034% | $44K | $452K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5177 | −0.007% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5189 | +0.073% | $817K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5194 | +0.109% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5189 | +0.074% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5191 | +0.088% | $49.7M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5180 | +0.014% | $54.2M | $30.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5178 | +0.004% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5172 | −0.041% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5174 | −0.026% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0174% | 1h | 1.5181 | +0.021% | $2.0M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0184% | 1h | 1.5183 | +0.034% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5194 | +0.107% | $5.6M | $47.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5179 | +0.009% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5177 | −0.005% | $24.1M | $76.2M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0311% | 8h | 1.5194 | +0.107% | $2.1M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5185 | +0.047% | $517K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0650% | 1h | 1.5183 | +0.036% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
01 Exchange XRPUSD
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD