Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: GRVT against Lighter RH−0.087%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$4as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 7 days+0.109%+$11 on $10k
+Price spread, last 7 days+0.064%+$6 · spread now −0.087%, 7d avg +0.029%
=Together, before fees+0.174%+ Points / potential airdropLighter RH: Points live · GRVT: Active · farm board+$17 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: GRVT is 0.116% cheaper against Lighter RH than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.029%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XRP | 1.5080 | 0.0096 | pay 0.0012% / 1h | 35m 30s | $496K | $3.2M | 20x |
| Short | GRVT XRP_USDT_Perp | 1.5067 | 0.0100 | get 0.0100% / 8h | 2h 35m | $1.1M | $37.2M | 20x |
Lighter RH XRP
GRVT XRP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0.84
- Price spread: −0.087% → +0.029%
- −$11.61
- Slippage, 4 orders
- −$6.4
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$26.17
- Costs to cover
- 0.154%
- Break-even
- 225.1 days
Slippage from Lighter RH: live order book, 3 min ago; GRVT: live order book, 4 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 | 1.99 bp | 3.1 bp −$3 | 5.9 bp −$59 | 46.7 bp −$4,671 | doesn't fit |
| Sell GRVT live order book, 4 min ago | 0.33 bp | 4.8 bp −$5 | 16.1 bp −$161 | 61.2 bp −$6,115 | 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 | 1.5077 | −0.020% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5070 | −0.069% | $14.2M | $75.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5078 | −0.011% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5070 | −0.066% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5069 | −0.073% | $7.6M | $25.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5077 | −0.017% | $258K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.183% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5077 | −0.019% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5081 | +0.007% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5080 | −0.002% | $2.8M | $14.8M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRPlong | +0.0096% | 1h | 1.5080 | long leg | $496K | $3.2M | 20x | |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5066 | −0.093% | $11K | $359K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5077 | −0.018% | $917K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5091 | +0.073% | $289.4M | $258.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5078 | −0.015% | $38.5M | $86.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5081 | +0.008% | $605K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5078 | −0.013% | $528.6M | $2.19B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5081 | +0.007% | $342.7M | $957.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5080 | 0.000% | $124.6M | $892.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5036 | −0.292% | $560K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5082 | +0.013% | $136K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5057 | −0.153% | $1.6M | $30K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5079 | −0.007% | $371.3M | $157.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5080 | 0.000% | $288.8M | $911.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5079 | −0.003% | $106.7M | $180.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5078 | −0.013% | $266.3M | $396.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5081 | +0.007% | — | $105.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5067 | −0.085% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5056 | −0.158% | $654K | $111.9M | 30x | as long as short |
| GRVT XRP_USDT_Perpshort | +0.0100% | 8h | 1.5067 | −0.087% | $1.1M | $37.2M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5062 | −0.119% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5078 | −0.010% | — | $13K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5082 | +0.013% | $51K | $493K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5077 | −0.023% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5066 | −0.093% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5064 | −0.106% | $811K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5070 | −0.064% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5066 | −0.093% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5065 | −0.101% | $49.2M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5076 | −0.027% | $53.7M | $31.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5085 | +0.034% | $470K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5075 | −0.036% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5063 | −0.113% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0123% | 8h | 1.5078 | −0.013% | $1.7M | $35.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0172% | 1h | 1.5085 | +0.033% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5076 | −0.027% | $5.6M | $48.4M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5065 | −0.099% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5078 | −0.013% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5064 | −0.106% | $23.5M | $76.1M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5082 | +0.012% | $514K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0599% | 1h | 1.5069 | −0.076% | $2K | $15K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD