XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%

Price spread now: Injective against Lighter RH+1.039%67s7-day average +0.021% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$990.992% of the position

Long on Lighter RH Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.162%+$16 on $10k

Price spread, last 4 days (all we have)−1.709%−$171 · spread now +1.039%, 7d avg +0.021%

Together, before fees−1.547%+ Points / potential airdropLighter RH: Points live · farm board−$155 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.018% dearer against Lighter RH than usual: you sell high and buy low (spread +1.039% now, against its 7-day average of +0.021%): +$102 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 54 days. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5400	0.0096	pay 0.0012% / 1h	8m 15s	$573K	$3.1M	20x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	8m 15s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.039%Rate

Funding earned: −$13.16
Price spread: +1.039% → +0.021%: $101.78
Slippage, 4 orders: −$99.18
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$10.58
Costs to cover: 0.992%
Break-even: from the start

Slippage from Lighter RH: live order book, 3 min ago; Injective: live order book, 33 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	0.32 bp	1.1 bp −$1	3.2 bp −$32	42.5 bp −$4,246	doesn't fit
Sell Injective live order book, 33 min ago	48.88 bp	48.9 bp −$49	57.5 bp −$575	doesn't fit	doesn't fit

XRP on 51 exchanges

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	1.5387	−0.084%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0076%	1h	1.5401	+0.008%	$13.8M	$67.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5407	+0.044%	$1.1M	$154K	10x	as long as short
Kalshi KXXRPPERP	0.0000%	8h	1.5414	+0.091%	$1.9M	$36.1M	2.9x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.195%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5401	+0.006%	$7.8M	$19.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5399	−0.004%	$244K	—	150x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+1.039%	$2K	$107K	30x
01 Exchange XRPUSD	+0.0064%	1h	1.5404	+0.026%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5398	−0.016%	$2.8M	$13.8M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRPlong	+0.0096%	1h	1.5400	long leg	$573K	$3.1M	20x
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5404	+0.026%	$5.5M	$40.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5404	+0.029%	$480K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5406	+0.039%	$12K	$451K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5441	+0.269%	$841K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5408	+0.052%	$299.8M	$261.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5398	−0.013%	$39.0M	$79.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5410	+0.062%	$593K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5399	−0.006%	$538.4M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5398	−0.013%	$366.0M	$841.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5398	−0.013%	$125.3M	$821.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5421	+0.136%	$568K	$44K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5407	+0.045%	$159K	$633K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	+0.208%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5399	−0.006%	$374.5M	$161.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5398	−0.013%	$317.2M	$897.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5401	+0.006%	$105.3M	$180.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5397	−0.019%	$271.7M	$343.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5400	0.000%	—	$94.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5420	+0.132%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5441	+0.268%	$671K	$103.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5429	+0.191%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5432	+0.208%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5402	+0.013%	$51K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5398	−0.011%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5399	−0.006%	$83K	$570K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5398	−0.012%	$828K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5401	+0.004%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5397	−0.019%	$30K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5391	−0.058%	$50.1M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5399	−0.006%	$55.2M	$33.7M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5411	+0.074%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5391	−0.060%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5394	−0.039%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5435	+0.230%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5437	+0.240%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5436	+0.234%	$23.9M	$78.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0225%	1h	1.5395	−0.030%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0285% / S −0.0247%	1h	1.5399	−0.005%	$1.2M	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5406	+0.040%	$509K	$685K	10x	as long as short
Aftermath Perps XRPUSD	+0.0395%	1h	1.5422	+0.145%	$3K	$13K	10x	as long as short