XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: SoDEX against Lighter−0.103%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$130.128% of the position

Long on Lighter Short on SoDEX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.103%, 7d avg −0.018%

Together, before fees+0.030%+ Points / potential airdropLighter: Season 3 · farm board+$3 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: SoDEX is 0.085% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5336	0.0096	pay 0.0012% / 1h	31m 22s	$2.8M	$14.0M	20x
Short	SoDEX XRP-USD	1.5320	0.0100	get 0.0013% / 1h	31m 22s	$29K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0.84
Price spread: −0.103% → −0.018%: −$8.48
Slippage, 4 orders: −$4.77
Fee Lighter: 0 bp × 2 orders: $0
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$20.41
Costs to cover: 0.128%
Break-even: 177.1 days

Slippage from Lighter: live order book, 7 min ago; SoDEX: live order book, 2 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	1.56 bp	1.6 bp −$2	5.5 bp −$55	15.9 bp −$1,590	38.6 bp −$19.3K
Sell SoDEX live order book, 2 min ago	0.33 bp	4.3 bp −$4	8.1 bp −$81	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	1.5347	+0.073%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	−0.004%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5333	−0.018%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0080%	1h	1.5330	−0.036%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.462%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5334	−0.011%	$58K	$935K	50x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5336	long leg	$2.8M	$14.0M	20x
Lighter RH XRP	+0.0096%	1h	1.5339	+0.021%	$515K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5348	+0.080%	$8K	$8K	10x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	+0.054%	$10K	$277K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex XRP-USD-PERP	+0.0100%	8h	1.5345	+0.059%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5345	+0.057%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5346	+0.066%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5340	+0.025%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5334	−0.009%	$540.0M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5337	+0.008%	$341.9M	$920.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5336	+0.002%	$124.9M	$869.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.129%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5349	+0.087%	$119K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.260%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5335	−0.005%	$374.0M	$149.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5336	+0.002%	$309.7M	$903.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5338	+0.016%	$108.9M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5336	+0.002%	$268.3M	$374.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5326	−0.063%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.050%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	−0.145%	$665K	$107.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	−0.087%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	−0.096%	$1.0M	$892K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5331	−0.032%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	+0.067%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5333	−0.018%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	−0.096%	$825K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5327	−0.056%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USDshort	+0.0100%	1h	1.5320	−0.103%	$29K	$1.8M	10x
HTX XRP-USDT	+0.0100%	8h	1.5318	−0.113%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5319	−0.109%	$54.5M	$29.5M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5342	+0.038%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5320	−0.101%	$59K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0142%	1h	1.5323	−0.083%	$9.3M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5332	−0.022%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5317	−0.122%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5322	−0.090%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5318	−0.116%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0282%	1h	1.5334	−0.011%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5319	−0.109%	$2.1M	$34.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5313	−0.148%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0406%	1h	1.5349	+0.087%	$289.9M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	−0.037%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0803%	1h	1.5331	−0.032%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5351	+0.096%	$507K	$754K	10x	as long as short