XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.11 per $10,000 · paid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Lighter RH−0.064%7-day average −0.010% · 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−$279as in the Price arb table

costs, in and out, $10k−$2742.739% of the position

Long on Lighter RH Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.090%−$9 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.064%, 7d avg −0.010%

Together, before fees+0.006%+ Points / potential airdropLighter RH: Points live · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.054% cheaper against Lighter RH than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.010%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5097	0.0096	pay 0.0012% / 1h	53m 40s	$508K	$3.2M	20x
Short	gTrade (Gains Network) XRP/USD	1.5087	L +0.0003% / S −0.0004%	get 0.0001% / 1h	53m 40s	$252K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.064%Rate

Funding earned: −$19.29
Price spread: −0.064% → −0.010%: −$5.45
Slippage, 4 orders: −$263.93
Fee Lighter RH: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$298.67
Costs to cover: 2.739%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 5 min ago; gTrade (Gains Network): virtual book (oracle venue), 10 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, 5 min ago	1.66 bp	1.7 bp −$2	7.2 bp −$72	39.3 bp −$3,928	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 10 min ago	130.04 bp	135.0 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	doesn't fit

XRP on 50 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	1.5089	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5090	−0.044%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5130	+0.219%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5087	−0.064%	$252K	—	150x
GMX XRP/USD [ETH-USDC]	L +0.0025% / S +0.0051%	1h	1.5087	−0.069%	$797K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.067%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5097	0.000%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5088	−0.060%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5099	+0.015%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5097	long leg	$508K	$3.2M	20x

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5075	−0.146%	$9K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5088	−0.063%	$983K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5108	+0.072%	$279.1M	$219.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5091	−0.038%	$38.2M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5089	−0.053%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5101	+0.024%	$535.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5100	+0.020%	$341.2M	$924.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5101	+0.026%	$124.6M	$860.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5072	−0.166%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5092	−0.033%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.069%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5095	−0.013%	$368.2M	$150.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5097	0.000%	$292.2M	$891.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5097	0.000%	$106.3M	$170.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5093	−0.026%	$266.0M	$379.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5091	−0.040%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	+0.305%	$6.1M	$35.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5088	−0.057%	$655K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	+0.119%	$1.1M	$35.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5094	−0.020%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5093	−0.027%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5084	−0.086%	$41K	$447K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5091	−0.041%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5098	+0.009%	$812K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5092	−0.033%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5101	+0.026%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5088	−0.062%	$49.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5094	−0.020%	$53.7M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5089	−0.050%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5092	−0.034%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5098	+0.005%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0214%	1h	1.5104	+0.046%	$7.7M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5086	−0.072%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5099	+0.013%	$5.6M	$46.2M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0219%	1h	1.5097	0.000%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0274%	1h	1.5097	0.000%	$14.4M	$72.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5139	+0.281%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5093	−0.026%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5092	−0.034%	$525K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0751%	1h	1.5112	+0.096%	$2K	$14K	10x	as long as short