XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0176%/8h= −19.3% APRnext payment −$0.22 per $10,000 · paid last 24h −0.053%

Price spread now: Hotstuff against Lighter+0.050%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Hotstuff

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Hotstuff: Active · farm boardneeds both histories

The price spread pays, funding is against you. Hotstuff is 0.050% dearer against Lighter than usual: you sell high and buy low (spread +0.050% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5174	0.0096	pay 0.0012% / 1h	58m 51s	$2.8M	$14.5M	20x
Short	Hotstuff XRP-PERP	1.5182	−0.0080	pay 0.0010% / 1h	58m 51s	$5K	$3K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hotstuff 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 HotstuffbpOrdersPrice spread, now +0.050%Rate

Funding earned: −$36.96
Price spread: +0.050% → 0.000%: $4.96
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Hotstuff: 2.5 bp × 2 orders: −$5
Net: −$37
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 5 min ago; Hotstuff: 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, 5 min ago	1.50 bp	2.0 bp −$2	4.9 bp −$49	12.4 bp −$1,243	35.8 bp −$17.9K
Sell Hotstuff no order-book sample	—	—	—	—	—

Hotstuff: 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 50 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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5170	−0.027%	$14.6M	$73.7M	50x	as long as short
Hotstuff XRP-PERPshort	−0.0080%	1h	1.5182	+0.050%	$5K	$3K	20x
dYdX XRP-USD	0.0000%	1h	1.5183	+0.059%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5173	−0.011%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.541%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5178	+0.022%	$17K	$78K	7x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5174	long leg	$2.8M	$14.5M	20x
Lighter RH XRP	+0.0096%	1h	1.5176	+0.010%	$604K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5174	0.000%	$997K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5187	+0.084%	$38.5M	$86.1M	100x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica XRP	+0.0100%	1h	1.5187	+0.083%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5191	+0.109%	$530.3M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5192	+0.116%	$353.1M	$949.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5197	+0.148%	$127.4M	$864.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.003%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5179	+0.030%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	+0.096%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5186	+0.076%	$378.4M	$151.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5190	+0.102%	$311.7M	$909.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5181	+0.043%	$106.5M	$183.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5186	+0.076%	$269.3M	$389.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5191	+0.109%	—	$107.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.046%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.091%	$658K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	+0.024%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.089%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	+0.046%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5172	−0.016%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5174	0.000%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5173	−0.010%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5172	−0.013%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5175	+0.001%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5172	−0.016%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5180	+0.038%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5174	−0.003%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	+0.092%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5184	+0.062%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5173	−0.010%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	−0.029%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0074%	1h	1.5173	−0.012%	$784K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5178	+0.023%	$7.7M	$24.0M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5178	+0.023%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0161%	8h	1.5185	+0.069%	$1.7M	$33.6M	2.9x	as long as short
Hyperliquid XRP	+0.0182%	1h	1.5189	+0.096%	$289.9M	$268.2M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.010%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5169	−0.036%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0227%	1h	1.5184	+0.063%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5179	+0.030%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	+0.036%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5176	+0.011%	$2K	$16K	10x	as long as short