XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Lighter−0.081%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$7as in the Funding arb table

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)+0.132%+$13 · spread now −0.081%, 7d avg +0.004%

Together, before fees+0.216%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$22 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: Pacifica is 0.085% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5567	0.0096	pay 0.0012% / 1h	35m 01s	$3.0M	$12.0M	20x
Short	Pacifica XRP	1.5554	0.0100	get 0.0013% / 1h	35m 01s	$671K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.081%Rate

Funding earned: $0.84
Price spread: −0.081% → +0.004%: −$8.52
Slippage, 4 orders: −$7.4
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.08
Costs to cover: 0.154%
Break-even: 199.3 days

Slippage from Lighter: live order book, 3 min ago; Pacifica: live order book, 4 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, 3 min ago	1.74 bp	1.7 bp −$2	7.9 bp −$79	21.7 bp −$2,169	41.7 bp −$20.8K
Sell Pacifica live order book, 4 min ago	0.96 bp	5.5 bp −$6	doesn't fit	doesn't fit	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	1.5603	+0.231%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5544	−0.147%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5577	+0.067%	$261K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0007%	1h	1.5574	+0.045%	$9.6M	$25.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.780%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5561	−0.039%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5577	+0.064%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0131%	1h	1.5576	+0.057%	$918K	—	200x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5567	long leg	$3.0M	$12.0M	20x
Lighter RH XRP	+0.0096%	1h	1.5566	−0.007%	$456K	$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	1.5576	+0.061%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5554	−0.083%	$39.5M	$76.9M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5554	−0.081%	$671K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5551	−0.103%	$560.0M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5555	−0.077%	$348.9M	$882.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5554	−0.084%	$127.4M	$872.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	−0.039%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5574	+0.045%	$119K	$732K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.745%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5558	−0.058%	$373.9M	$138.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5560	−0.045%	$292.2M	$839.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5561	−0.037%	$114.3M	$157.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5554	−0.084%	$270.6M	$358.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5569	+0.012%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	+0.178%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.210%	$677K	$100.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5597	+0.192%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.501%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5572	+0.033%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5585	+0.115%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5576	+0.057%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5578	+0.070%	$839K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5567	−0.003%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5564	−0.020%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5567	+0.001%	$51.1M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5561	−0.039%	$55.4M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5552	−0.098%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5578	+0.070%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5553	−0.091%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5574	+0.045%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.268%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5581	+0.090%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5580	+0.083%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5576	+0.057%	$5.8M	$46.8M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5551	−0.103%	$24.5M	$73.2M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0282%	1h	1.5571	+0.025%	$1.8M	$978K	25x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5564	−0.020%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	+0.212%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5585	+0.116%	$509K	$620K	10x	as long as short
Hyperliquid XRP	+0.0603%	1h	1.5576	+0.057%	$290.8M	$200.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0692%	1h	1.5621	+0.346%	$1K	$11K	10x	as long as short