Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Phemex against Lighter+0.216%7-day average −0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs$0as in the Price arb table
costs, in and out, $10k−$220.223% of the position
Funding, last 7 days+0.037%+$4 on $10k
+Price spread, last 4 days (all we have)−0.288%−$29 · spread now +0.216%, 7d avg −0.012%
=Together, before fees−0.251%+ Points / potential airdropLighter: Season 3 · farm board−$25 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: Phemex is 0.227% dearer against Lighter than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5043 | 0.0096 | pay 0.0012% / 1h | 34m 23s | $2.8M | $14.9M | 20x |
| Short | Phemex XRPUSDT | 1.5075 | 0.0100 | get 0.0100% / 8h | 2h 34m | $53.7M | $31.8M | 50x |
Lighter XRP
Phemex XRPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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: +0.216% → −0.012%
- $22.75
- Slippage, 4 orders
- −$10.3
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- $1.29
- Costs to cover
- 0.223%
- Break-even
- from the start
Slippage from Lighter: live order book, 4 min ago; Phemex: 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 | 1.01 bp | 1.3 bp −$1 | 3.8 bp −$38 | 14.9 bp −$1,486 | 35.2 bp −$17.6K |
| Sell Phemex live order book, 5 min ago | 0.33 bp | 7.5 bp −$7 | 9.8 bp −$98 | 17.9 bp −$1,789 | 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 | 1.5041 | −0.010% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5079 | +0.241% | $14.2M | $75.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5042 | −0.005% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5070 | +0.182% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5030 | −0.083% | $7.6M | $25.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5030 | −0.084% | $257K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.440% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5028 | −0.095% | $787K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5045 | +0.016% | $8K | $8K | 10x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5043 | long leg | $2.8M | $14.9M | 20x |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5045 | +0.016% | $495K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5033 | −0.063% | $11K | $359K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5044 | +0.013% | $914K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5047 | +0.030% | $288.4M | $258.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5033 | −0.061% | $38.3M | $86.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5044 | +0.012% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5028 | −0.094% | $526.8M | $2.19B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5027 | −0.103% | $341.3M | $958.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5028 | −0.097% | $124.3M | $889.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5036 | −0.044% | $560K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5046 | +0.023% | $136K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5057 | +0.095% | $1.6M | $30K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5030 | −0.083% | $368.4M | $157.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5034 | −0.057% | $285.8M | $911.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5043 | +0.002% | $106.4M | $180.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5026 | −0.110% | $265.2M | $396.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5031 | −0.077% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5067 | +0.164% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5056 | +0.090% | $654K | $111.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5067 | +0.162% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5062 | +0.129% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5045 | +0.018% | — | $13K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5040 | −0.017% | $51K | $493K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5029 | −0.090% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5027 | −0.103% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5024 | −0.123% | $808K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5084 | +0.278% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5080 | +0.249% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5080 | +0.248% | $49.3M | $15.8M | 75x | as long as short |
| Phemex XRPUSDTshort | +0.0100% | 8h | 1.5075 | +0.216% | $53.7M | $31.8M | 50x | |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5052 | +0.061% | $469K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5039 | −0.027% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5025 | −0.120% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0123% | 8h | 1.5083 | +0.269% | $1.7M | $35.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0176% | 1h | 1.5077 | +0.229% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5085 | +0.282% | $5.6M | $48.5M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5080 | +0.250% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5032 | −0.068% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5079 | +0.242% | $23.5M | $76.2M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5046 | +0.021% | $513K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0601% | 1h | 1.5061 | +0.125% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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
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
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD