Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter RH−0.039%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

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

costs, in and out, $10k−$160.155% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days+0.055%+$6 · spread now −0.039%, 7d avg +0.013%

Together, before fees+0.064%+ Points / potential airdropLighter RH: Points live · farm board+$6 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: Binance is 0.052% cheaper against Lighter RH than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5227	0.0096	pay 0.0012% / 1h	45m 34s	$628K	$3.1M	20x
Short	Binance XRPUSDT	1.5221	0.0100	get 0.0100% / 8h	7h 45m	$530.6M	$2.20B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now −0.039%Rate

Funding earned: $0.84
Price spread: −0.039% → +0.013%: −$5.21
Slippage, 4 orders: −$5.55
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$19.92
Costs to cover: 0.155%
Break-even: 173.0 days

Slippage from Lighter RH: live order book, 3 min ago; Binance: live order book, 14 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 RH live order book, 3 min ago	1.97 bp	2.6 bp −$3	5.3 bp −$53	49.5 bp −$4,953	doesn't fit
Sell Binance live order book, 14 min ago	0.33 bp	5.3 bp −$5	6.6 bp −$66	11.6 bp −$1,163	32.5 bp −$16.3K

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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5227	−0.002%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5241	+0.092%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	−0.005%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.085%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5223	−0.024%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5228	+0.007%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.187%	$2K	$107K	30x	as long as short
Phemex XRPUSDT	+0.0046%	8h	1.5224	−0.020%	$54.4M	$32.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5227	−0.003%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5221	−0.041%	$2.8M	$14.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRPlong	+0.0096%	1h	1.5227	long leg	$628K	$3.1M	20x
Katana Perps XRP-USD	+0.0100%	8h	1.5219	−0.053%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5218	−0.056%	$997K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5222	−0.033%	$38.6M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5222	−0.030%	$613K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5221	−0.039%	$530.6M	$2.20B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5218	−0.059%	$352.6M	$945.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5218	−0.059%	$126.9M	$858.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	+0.007%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5230	+0.020%	$143K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	+0.003%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5219	−0.053%	$379.3M	$151.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5221	−0.039%	$313.1M	$913.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5219	−0.050%	$106.6M	$183.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5217	−0.066%	$269.8M	$383.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5219	−0.053%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5218	−0.059%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5221	−0.042%	$661K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	+0.020%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5228	+0.007%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5232	+0.032%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5229	+0.013%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5223	−0.026%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5225	−0.013%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	−0.013%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5232	+0.035%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5224	−0.020%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5222	−0.032%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5225	−0.012%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5214	−0.088%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	−0.035%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0115% / S −0.0079%	1h	1.5224	−0.022%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5229	+0.013%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5227	0.000%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0175%	8h	1.5232	+0.033%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0189%	1h	1.5230	+0.020%	$290.9M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	−0.013%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5222	−0.031%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0265%	1h	1.5235	+0.053%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5226	−0.004%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0537%	1h	1.5223	−0.027%	$3K	$16K	10x	as long as short