XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0121%/8h= +13.2% APRnext payment +$0.15 per $10,000 · paid last 24h +0.033%

Price spread now: Reya against Lighter RH−0.354%45s7-day average −0.014% · you buy dearer than you sell

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

Long on Lighter RH Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.115%+$11 on $10k

Price spread, last 7 days+0.327%+$33 · spread now −0.354%, 7d avg −0.014%

Together, before fees+0.442%+ Points / potential airdropLighter RH: Points live · Reya: Active · farm board+$44 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.340% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.354% now, against its 7-day average of −0.014%). If the spread goes back, that is −$34 on $10k: about 9.4 days of funding at the current rate (+$4 a day). The two prices were read 45 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	1.5201	0.0096	pay 0.0012% / 1h	21m 45s	$497K	$3.3M	20x
Short	Reya XRPRUSDPERP	1.5147	0.0217	get 0.0027% / 1h	21m 45s	$1.3M	$7K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.354%Rate

Funding earned: $25.39
Price spread: −0.354% → −0.014%: −$34.01
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$14.63
Costs to cover: 0.060%
Break-even: 11.0 days

Slippage unknown: Lighter RH: live order book, 1 min ago; Reya: 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, 1 min ago	1.32 bp	1.9 bp −$2	4.4 bp −$44	35.4 bp −$3,540	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	1.5148	−0.349%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5199	−0.015%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5153	−0.318%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5153	−0.316%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5149	−0.345%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.362%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5150	−0.335%	$790K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	−0.005%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5201	long leg	$497K	$3.3M	20x
Katana Perps XRP-USD	+0.0098%	8h	1.5195	−0.039%	$9K	$350K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5144	−0.375%	$995K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5197	−0.026%	$38.8M	$85.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5202	+0.008%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5202	+0.005%	$536.0M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5198	−0.020%	$345.9M	$945.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	−0.007%	$126.8M	$885.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5187	−0.092%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5201	0.000%	$138K	$720K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.240%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5198	−0.020%	$372.8M	$156.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5199	−0.013%	$295.1M	$905.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5202	+0.006%	$109.4M	$177.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5199	−0.013%	$269.8M	$390.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5199	−0.013%	—	$127.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	−0.094%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	−0.081%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	−0.233%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	−0.033%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	−0.328%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5154	−0.309%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5149	−0.344%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5150	−0.336%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.333%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	−0.328%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5150	−0.336%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5150	−0.333%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	−0.336%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5198	−0.022%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5195	−0.037%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5148	−0.347%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5143	−0.382%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5157	−0.289%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERPshort	+0.0217%	1h	1.5147	−0.354%	$1.3M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5163	−0.250%	$24.2M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5163	−0.250%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5160	−0.272%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5156	−0.296%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5201	+0.001%	$518K	$776K	10x	as long as short
Hyperliquid XRP	+0.0410%	1h	1.5214	+0.086%	$299.1M	$249.6M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	−0.072%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5184	−0.111%	$2K	$15K	10x	as long as short