XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.002%

Price spread now: Extended against Lighter−0.070%7-day average −0.035% · you buy dearer than you sell

Net, funding: paid 7d − costs+$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$100.103% of the position

Long on Lighter Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.070%, 7d avg −0.035%

Together, before fees+0.169%+ Points / potential airdropLighter: Season 3 · Extended: Active · farm board+$17 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: Extended is 0.034% cheaper against Lighter than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5108	0.0096	pay 0.0012% / 1h	1m 47s	$2.8M	$14.8M	20x
Short	Extended XRP-USD	1.5098	0.0104	get 0.0013% / 1h	1m 47s	$2.0M	$6.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.070%Rate

Funding earned: $1.68
Price spread: −0.070% → −0.035%: −$3.45
Slippage, 4 orders: −$5.32
Fee Lighter: 0 bp × 2 orders: $0
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$12.09
Costs to cover: 0.103%
Break-even: 57.4 days

Slippage from Lighter: live order book, 7 min ago; Extended: live order book, 2 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, 7 min ago	1.42 bp	1.4 bp −$1	5.0 bp −$50	11.7 bp −$1,165	31.6 bp −$15.8K
Sell Extended live order book, 2 min ago	0.33 bp	3.0 bp −$3	5.6 bp −$56	doesn't fit	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	1.5114	+0.039%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5105	−0.022%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5113	+0.030%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0015%	1h	1.5120	+0.079%	$7.7M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5115	+0.044%	$14.3M	$74.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.991%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5113	+0.031%	$793K	—	200x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5108	long leg	$2.8M	$14.8M	20x
Lighter RH XRP	+0.0096%	1h	1.5109	+0.006%	$495K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5110	+0.013%	$10K	$356K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5118	+0.065%	$985K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5103	−0.031%	$38.9M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5107	−0.007%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5103	−0.034%	$531.1M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5108	0.000%	$342.6M	$948.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5107	−0.007%	$124.9M	$885.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5150	+0.278%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5120	+0.079%	$137K	$722K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5105	−0.020%	$372.5M	$158.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5105	−0.020%	$293.5M	$911.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5106	−0.017%	$108.0M	$179.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5101	−0.047%	$268.1M	$391.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5103	−0.034%	—	$128.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5147	+0.257%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5145	+0.243%	$658K	$111.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5149	+0.271%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5138	+0.198%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5118	+0.067%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5120	+0.079%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5111	+0.019%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5111	+0.019%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5114	+0.038%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5119	+0.076%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	+0.033%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5119	+0.070%	$49.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5114	+0.039%	$53.8M	$31.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.004%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5107	−0.007%	$471K	$55K	50x	as long as short
Extended XRP-USDshort	+0.0104%	1h	1.5098	−0.070%	$2.0M	$6.8M	50x
Aevo XRP-PERP	+0.0104%	1h	1.5113	+0.032%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5116	+0.052%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0182%	8h	1.5122	+0.092%	$1.8M	$35.4M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5119	+0.072%	$5.7M	$48.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5114	+0.040%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5106	−0.014%	$24.1M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0229%	1h	1.5120	+0.079%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0272%	1h	1.5146	+0.254%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0354%	1h	1.5115	+0.046%	$290.0M	$256.0M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5118	+0.067%	$516K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5150	+0.278%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0629%	1h	1.5135	+0.175%	$2K	$15K	10x	as long as short