XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Derive against Lighter RH−0.085%7-day average −0.011% · you buy dearer than you sell

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

Long on Lighter RH Short on Derive

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.085%, 7d avg −0.011%

Together, before fees+0.069%+ Points / potential airdropLighter RH: Points live · farm board+$7 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: Derive is 0.074% cheaper against Lighter RH than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5136	0.0096	pay 0.0012% / 1h	12m 42s	$547K	$3.3M	20x
Short	Derive XRP-PERP	1.5123	0.0100	get 0.0013% / 1h	12m 42s	$814K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.085%Rate

Funding earned: $0.84
Price spread: −0.085% → −0.011%: −$7.43
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: −$12.59
Costs to cover: 0.060%
Break-even: 111.9 days

Slippage unknown: Lighter RH: live order book, 6 min ago; Derive: 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 RH live order book, 6 min ago	1.00 bp	1.0 bp −$1	5.4 bp −$54	42.4 bp −$4,238	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	1.5099	−0.244%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5120	−0.105%	$14.2M	$75.0M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5124	−0.077%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.304%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5120	−0.104%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.801%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0016%	1h	1.5122	−0.094%	$797K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5126	−0.066%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5127	−0.059%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5135	−0.008%	$2.8M	$15.1M	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	1.5136	long leg	$547K	$3.3M	20x
Katana Perps XRP-USD	+0.0099%	8h	1.5115	−0.139%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5112	−0.155%	$981K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5131	−0.032%	$38.4M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5134	−0.012%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5131	−0.030%	$526.6M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	−0.033%	$344.1M	$965.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	−0.033%	$126.6M	$885.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5088	−0.317%	$561K	$34K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5129	−0.046%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.724%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5131	−0.033%	$372.0M	$160.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5130	−0.040%	$296.9M	$925.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5130	−0.038%	$106.8M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5131	−0.033%	$265.9M	$398.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5128	−0.053%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5072	−0.423%	$4.7M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5079	−0.375%	$655K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.317%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5085	−0.337%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5121	−0.099%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	−0.040%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5125	−0.074%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5122	−0.092%	$62K	$934K	50x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5123	−0.085%	$814K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5126	−0.064%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	−0.099%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5123	−0.086%	$49.4M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5120	−0.106%	$53.8M	$32.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5140	+0.024%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5126	−0.064%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5120	−0.102%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0126%	1h	1.5146	+0.066%	$289.2M	$262.4M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5128	−0.053%	$5.7M	$48.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5102	−0.227%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5137	+0.007%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0201%	8h	1.5127	−0.059%	$1.7M	$35.7M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5121	−0.098%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5123	−0.086%	$23.2M	$77.3M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5126	−0.068%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0587%	1h	1.5080	−0.372%	$2K	$16K	10x	as long as short