XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.032%

Price spread now: Reya against Lighter−0.074%7-day average −0.026% · you buy dearer than you sell

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

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.104%+$10 on $10k

Price spread, last 7 days+0.046%+$5 · spread now −0.074%, 7d avg −0.026%

Together, before fees+0.150%+ Points / potential airdropLighter: Season 3 · Reya: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.048% cheaper against Lighter than usual: you would sell low and buy high (spread −0.074% now, against its 7-day average of −0.026%). If the spread goes back, that is −$5 on $10k: about 33 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5392	0.0096	pay 0.0012% / 1h	4m 44s	$3.0M	$11.5M	20x
Short	Reya XRPRUSDPERP	1.5380	0.0211	get 0.0026% / 1h	4m 44s	$1.4M	$9K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.074%Rate

Funding earned: $24.12
Price spread: −0.074% → −0.026%: −$4.77
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $13.34
Costs to cover: 0.060%
Break-even: 3.1 days

Slippage unknown: Lighter: live order book, 4 min ago; Reya: 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, 4 min ago	2.32 bp	2.3 bp −$2	4.8 bp −$48	14.5 bp −$1,448	35.7 bp −$17.9K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	1.5409	+0.112%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5395	+0.022%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.378%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5380	−0.074%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	+0.034%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.661%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5393	+0.008%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0165%	1h	1.5380	−0.079%	$906K	—	200x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5392	long leg	$3.0M	$11.5M	20x
Lighter RH XRP	+0.0096%	1h	1.5403	+0.073%	$445K	$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	1.5381	−0.067%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5399	+0.045%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5396	+0.028%	$672K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5396	+0.028%	$553.9M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5395	+0.021%	$346.5M	$853.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5392	+0.002%	$125.4M	$847.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5409	+0.112%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5415	+0.151%	$120K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.518%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5394	+0.015%	$367.3M	$134.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5396	+0.028%	$287.3M	$824.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5399	+0.046%	$112.0M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5392	+0.002%	$266.9M	$347.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5393	+0.008%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	+0.117%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.334%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	+0.083%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5410	+0.119%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5389	−0.021%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5387	−0.031%	$49K	$437K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5382	−0.065%	$41K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5393	+0.007%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5400	+0.055%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5395	+0.021%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5384	−0.051%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5399	+0.047%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5392	+0.003%	$480K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5395	+0.021%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5394	+0.014%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	+0.011%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5395	+0.021%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5391	−0.004%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5395	+0.021%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5409	+0.112%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERPshort	+0.0211%	1h	1.5380	−0.074%	$1.4M	$9K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5396	+0.028%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5400	+0.054%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5410	+0.117%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5400	+0.053%	$405K	$498K	10x	as long as short
Hyperliquid XRP	+0.0513%	1h	1.5410	+0.119%	$283.8M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0574%	1h	1.5422	+0.195%	$1K	$11K	10x	as long as short