Funding you earn now, next payment 09:00 UTC−0.0268%/8h= −29.4% APRnext payment −$0.34 per $10,000 · paid last 24h +0.017%
Price spread now: Kraken Futures against Lighter+0.014%7-day average −0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$10as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Funding, last 7 days+0.122%+$12 on $10k
+Price spread, last 4 days (all we have)−0.633%−$63 · spread now +0.014%, 7d avg −0.011%
=Together, before fees−0.511%+ Points / potential airdropLighter: Season 3 · farm board−$51 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Kraken Futures is 0.025% dearer against Lighter than usual: you sell high and buy low (spread +0.014% now, against its 7-day average of −0.011%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.122%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.122% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5144 | 0.0096 | pay 0.0012% / 1h | 31m 18s | $2.8M | $14.6M | 20x |
| Short | Kraken Futures PF_XRPUSD | 1.5146 | −0.0172 | pay 0.0022% / 1h | 31m 18s | $14.7M | $74.5M | 50x |
Lighter XRP
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$56.3
- Price spread: +0.014% → −0.011%
- $2.52
- Slippage, 4 orders
- −$12.33
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.11
- Costs to cover
- 0.223%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 7 min ago; Kraken Futures: live order book, 3 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 | 0.99 bp | 1.0 bp −$1 | 3.6 bp −$36 | 13.5 bp −$1,350 | 34.2 bp −$17.1K |
| Sell Kraken Futures live order book, 3 min ago | 3.63 bp | 9.3 bp −$9 | 12.7 bp −$127 | 23.2 bp −$2,316 | 47.0 bp −$23.5K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSDshort | −0.0172% | 1h | 1.5146 | +0.014% | $14.7M | $74.5M | 50x | |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5143 | −0.007% | $5K | $3K | 20x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.172% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5142 | −0.012% | $246K | — | 150x | as long as short |
| dYdX XRP-USD | +0.0010% | 1h | 1.5149 | +0.034% | $1.1M | $157K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5148 | +0.026% | $7.7M | $23.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.747% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5149 | +0.035% | $17K | $78K | 7x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5144 | long leg | $2.8M | $14.6M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5150 | +0.040% | $617K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
Phoenix XRP
gTrade (Gains Network) XRP/USD
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5142 | −0.013% | $20K | $381K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5147 | +0.017% | $990K | $6.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5146 | +0.013% | $38.4M | $84.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5147 | +0.022% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5142 | −0.013% | $527.8M | $2.17B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5141 | −0.020% | $352.6M | $939.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5143 | −0.007% | $125.8M | $848.0M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5150 | +0.040% | $556K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5154 | +0.066% | $143K | $708K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5201 | +0.376% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5145 | +0.007% | $377.0M | $153.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5145 | +0.007% | $310.5M | $917.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5147 | +0.022% | $105.8M | $183.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5141 | −0.020% | $267.9M | $380.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5143 | −0.007% | — | $108.5M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5200 | +0.370% | $4.8M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5161 | +0.114% | $659K | $112.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5198 | +0.357% | $1.1M | $33.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5155 | +0.073% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5154 | +0.064% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5149 | +0.033% | $52K | $509K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5146 | +0.015% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5145 | +0.007% | $77K | $648K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5208 | +0.420% | $818K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5152 | +0.053% | $127K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5144 | 0.000% | $30K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5173 | +0.191% | $49.5M | $15.0M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5151 | +0.046% | $54.0M | $32.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5149 | +0.035% | $472K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5137 | −0.043% | $2.1M | $6.7M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5149 | +0.033% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5144 | −0.001% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0119% / S −0.0084% | 1h | 1.5148 | +0.025% | $786K | — | 200x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5150 | +0.040% | $5.3M | $47.7M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0170% | 8h | 1.5169 | +0.165% | $1.7M | $33.2M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0179% | 1h | 1.5160 | +0.106% | $289.8M | $267.9M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0210% | 1h | 1.5151 | +0.046% | $2.0M | $1.3M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5170 | +0.172% | $23.7M | $77.5M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5141 | −0.018% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5149 | +0.031% | $518K | $788K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0560% | 1h | 1.5183 | +0.258% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD