XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Ondo Perps against Lighter−0.273%7-day average −0.065% · you buy dearer than you sell

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

Long on Lighter Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.162%+$16 · spread now −0.273%, 7d avg −0.065%

Together, before fees+0.141%+ Points / potential airdropLighter: Season 3 · Ondo Perps: Active · farm board+$14 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: Ondo Perps is 0.208% cheaper against Lighter than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5469	0.0096	pay 0.0012% / 1h	11m 16s	$3.0M	$11.5M	20x
Short	Ondo Perps XRP-USD.P	1.5427	0.0100	get 0.0013% / 1h	11m 16s	$574K	$41K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps 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 Ondo PerpsbpOrdersPrice spread, now −0.273%Rate

Funding earned: $0.84
Price spread: −0.273% → −0.065%: −$20.83
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$24.99
Costs to cover: 0.050%
Break-even: 215.3 days

Slippage unknown: Lighter: live order book, 7 min ago; Ondo Perps: 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, 7 min ago	0.88 bp	0.9 bp −$1	5.8 bp −$58	16.1 bp −$1,606	38.1 bp −$19.0K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	1.5439	−0.196%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5452	−0.112%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5470	+0.005%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	−0.006%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5466	−0.021%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.159%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5473	+0.024%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0171%	1h	1.5471	+0.008%	$911K	—	200x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5469	long leg	$3.0M	$11.5M	20x
Lighter RH XRP	+0.0096%	1h	1.5471	+0.011%	$447K	$3.1M	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	1.5486	+0.111%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5475	+0.034%	$39.4M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5459	−0.068%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5472	+0.019%	$556.6M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5474	+0.030%	$348.8M	$850.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5465	−0.028%	$126.4M	$848.9M	100x	as long as short
Ondo Perps XRP-USD.Pshort	+0.0100%	1h	1.5427	−0.273%	$574K	$41K	5x
Arcus XRP-USD	+0.0100%	1h	1.5475	+0.037%	$119K	$685K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.014%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5472	+0.017%	$369.3M	$133.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5476	+0.043%	$291.8M	$818.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5487	+0.113%	$112.2M	$148.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5463	−0.041%	$267.9M	$346.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5473	+0.024%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5430	−0.255%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	−0.037%	$671K	$97.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5436	−0.213%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	−0.034%	$1.0M	$871K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5491	+0.140%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	+0.021%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5437	−0.210%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5459	−0.069%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5460	−0.060%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5469	0.000%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5473	+0.024%	$55.3M	$28.4M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5469	+0.001%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5470	+0.006%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5481	+0.076%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5458	−0.076%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5463	−0.039%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5487	+0.114%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5466	−0.024%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5495	+0.166%	$5.7M	$45.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5450	−0.125%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5479	+0.062%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5480	+0.069%	$24.2M	$68.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0284%	8h	1.5491	+0.140%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5441	−0.185%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5487	+0.115%	$407K	$499K	10x	as long as short
Hyperliquid XRP	+0.0505%	1h	1.5505	+0.231%	$285.7M	$190.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5444	−0.165%	$1K	$11K	10x	as long as short