Funding you earn now, next payment 00:00 UTC−0.0200%/8h= −21.9% APRnext payment −$0.25 per $10,000 · paid last 24h −0.106%
Price spread now: GMX against Lighter−0.080%7-day average +0.018% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.235%−$23 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.080%, 7d avg +0.018%
=Together, before fees−0.104%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GMX is 0.098% cheaper against Lighter than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5535 | 0.0096 | pay 0.0012% / 1h | 42m 29s | $3.0M | $12.6M | 20x |
| Short | GMX XRP/USD [ETH-USDC] | 1.5522 | L +0.0006% / S +0.0104% | pay 0.0013% / 1h | 42m 29s | $854K | — | 200x |
Lighter XRP
GMX XRP/USD [ETH-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX 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
- −$42.02
- Price spread: −0.080% → +0.018%
- −$9.8
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$63.81
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 6 min ago; GMX: no order-book sample. Net counts fees only.
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, 6 min ago | 1.05 bp | 2.3 bp −$2 | 6.1 bp −$61 | 19.0 bp −$1,904 | 39.9 bp −$20.0K |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5533 | −0.012% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5541 | +0.043% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5620 | +0.548% | $70K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5553 | +0.117% | $9.7M | $25.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5523 | −0.074% | $260K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC]short | L +0.0006% / S +0.0104% | 1h | 1.5522 | −0.080% | $854K | — | 200x | |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5553 | +0.115% | $15.6M | $68.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0057% | 8h | 1.5555 | +0.130% | $76K | $909K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +0.162% | $2K | $107K | 30x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5535 | long leg | $3.0M | $12.6M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5545 | +0.065% | $443K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5537 | +0.017% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5531 | −0.028% | $39.5M | $80.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5536 | +0.005% | $639K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5532 | −0.018% | $556.3M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5530 | −0.031% | $347.0M | $917.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5530 | −0.031% | $126.9M | $888.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5546 | +0.072% | $579K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5536 | +0.007% | $117K | $754K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5633 | +0.633% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5530 | −0.031% | $373.8M | $144.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5527 | −0.050% | $297.9M | $870.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5526 | −0.056% | $113.0M | $163.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5528 | −0.044% | $271.5M | $370.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5524 | −0.070% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5624 | +0.571% | $11.7M | $30.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5600 | +0.421% | $677K | $103.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5583 | +0.308% | $1.1M | $40.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5597 | +0.400% | $1.0M | $899K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5537 | +0.013% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5532 | −0.018% | $48K | $454K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5526 | −0.057% | $42K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5557 | +0.140% | $837K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5560 | +0.165% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5551 | +0.104% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5554 | +0.122% | $51.1M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5554 | +0.123% | $55.3M | $29.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5531 | −0.026% | $484K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5540 | +0.033% | $13K | $267K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5530 | −0.030% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5554 | +0.121% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5538 | +0.020% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5526 | −0.059% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5553 | +0.117% | $24.5M | $74.5M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5562 | +0.175% | $5.9M | $47.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5587 | +0.335% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0316% | 8h | 1.5570 | +0.226% | $2.0M | $33.9M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0361% | 1h | 1.5564 | +0.188% | $1.7M | $1.0M | 25x | as long as short |
| Hyperliquid XRP | +0.0617% | 1h | 1.5548 | +0.085% | $295.9M | $209.2M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5544 | +0.061% | $507K | $632K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0810% | 1h | 1.5587 | +0.336% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Nado XRP-PERP
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-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
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD