Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.019%
Price spread now: GRVT against Lighter+0.337%7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as in the Funding arb table
Net, price: spread back to 7d avg − costs+$18as in the Price arb table
costs, in and out, $10k−$140.142% of the position
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 7 days−0.326%−$33 · spread now +0.337%, 7d avg +0.018%
=Together, before fees−0.237%+ Points / potential airdropLighter: Season 3 · GRVT: Active · farm board−$24 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: GRVT is 0.320% dearer against Lighter than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5582 | 0.0096 | pay 0.0012% / 1h | 49m 06s | $3.0M | $12.5M | 20x |
| Short | GRVT XRP_USDT_Perp | 1.5635 | 0.0100 | get 0.0100% / 8h | 49m 06s | $1.1M | $40.9M | 20x |
Lighter XRP
GRVT XRP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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: +0.337% → +0.018%
- $31.97
- Slippage, 4 orders
- −$5.19
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $18.61
- Costs to cover
- 0.142%
- Break-even
- from the start
Slippage from Lighter: live order book, 4 min ago; GRVT: 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 | 1.90 bp | 1.9 bp −$2 | 6.6 bp −$66 | 15.1 bp −$1,510 | 35.0 bp −$17.5K |
| Sell GRVT live order book, 5 min ago | 0.32 bp | 4.8 bp −$5 | 11.7 bp −$117 | 52.0 bp −$5,200 | 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 | 1.5593 | +0.071% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5597 | +0.096% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5650 | +0.437% | $70K | $90K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5577 | −0.032% | $9.7M | $25.4M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5586 | +0.028% | $261K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0005% / S +0.0107% | 1h | 1.5586 | +0.026% | $857K | — | 200x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0031% | 1h | 1.5581 | −0.004% | $15.6M | $68.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0056% | 8h | 1.5573 | −0.058% | $77K | $909K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | −0.141% | $2K | $107K | 30x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5582 | long leg | $3.0M | $12.5M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
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 | 1.5582 | 0.000% | $444K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5587 | +0.035% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5580 | −0.013% | $39.6M | $79.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5598 | +0.101% | $642K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5587 | +0.030% | $558.1M | $2.01B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5608 | +0.167% | $347.4M | $912.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5608 | +0.167% | $127.2M | $891.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5650 | +0.437% | $582K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5592 | +0.064% | $117K | $752K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5633 | +0.328% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5582 | 0.000% | $372.8M | $143.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5580 | −0.013% | $300.9M | $864.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5581 | −0.008% | $113.4M | $162.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5583 | +0.007% | $272.5M | $369.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5581 | −0.006% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5634 | +0.331% | $11.7M | $30.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5649 | +0.429% | $681K | $103.3M | 30x | as long as short |
| GRVT XRP_USDT_Perpshort | +0.0100% | 8h | 1.5635 | +0.337% | $1.1M | $40.9M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5640 | +0.372% | $1.0M | $887K | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5588 | +0.039% | $45K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5589 | +0.044% | $42K | $66K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5576 | −0.041% | $838K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5579 | −0.019% | $131K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5577 | −0.032% | $30K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5580 | −0.013% | $51.2M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5579 | −0.019% | $55.4M | $29.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5589 | +0.043% | $486K | $54K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5593 | +0.072% | — | $10K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5591 | +0.058% | $13K | $266K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5570 | −0.079% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5579 | −0.017% | $73K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5592 | +0.064% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5584 | +0.011% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5584 | +0.013% | $24.4M | $74.5M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5585 | +0.019% | $5.9M | $47.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0272% | 1h | 1.5639 | +0.365% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0320% | 8h | 1.5608 | +0.167% | $2.0M | $33.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0373% | 1h | 1.5590 | +0.052% | $1.7M | $1.0M | 25x | as long as short |
| Hyperliquid XRP | +0.0594% | 1h | 1.5602 | +0.126% | $296.7M | $208.2M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5596 | +0.092% | $509K | $632K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0807% | 1h | 1.5619 | +0.241% | $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
ApeX Omni XRPUSDT
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
Vest XRP-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