XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Ondo Perps+0.045%55s7-day average +0.065% · you sell dearer than you buy

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

Long on Ondo Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now +0.045%, 7d avg +0.065%

Together, before fees+0.182%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$18 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: Lighter is 0.021% cheaper against Ondo Perps than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.065%. The two prices were read 55 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	Ondo Perps XRP-USD.P	1.5481	0.0100	pay 0.0013% / 1h	0m 44s	$569K	$40K	5x
Short	Lighter XRP	1.5488	0.0096	get 0.0012% / 1h	0m 44s	$2.8M	$14.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Ondo Perps. 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 Ondo PerpsbpFee LighterbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$0.84
Price spread: +0.045% → +0.065%: −$2.06
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$7.9
Costs to cover: 0.050%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 8 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Lighter live order book, 8 min ago	1.30 bp	2.1 bp −$2	7.0 bp −$70	16.3 bp −$1,628	38.5 bp −$19.2K

Ondo Perps: 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 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
Kraken Futures PF_XRPUSD	−0.0168%	1h	1.5488	+0.045%	$14.2M	$73.6M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5524	+0.278%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5490	+0.058%	$70K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5490	+0.058%	$8.0M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5500	+0.121%	$252K	—	150x	as long as short
dYdX XRP-USD	+0.0005%	1h	1.5513	+0.204%	$1.1M	$155K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.510%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0056%	1h	1.5506	+0.162%	$18K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5490	+0.058%	$9K	$2K	10x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5488	+0.045%	$2.8M	$14.8M	20x

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5489	+0.052%	$627K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5488	+0.045%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5493	+0.080%	$483K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5498	+0.113%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5490	+0.058%	$39.2M	$82.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5496	+0.097%	$627K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5489	+0.052%	$541.5M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5486	+0.032%	$361.6M	$906.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5485	+0.026%	$125.5M	$850.6M	100x	as long as short
Ondo Perps XRP-USD.Plong	+0.0100%	1h	1.5481	long leg	$569K	$40K	5x
Arcus XRP-USD	+0.0100%	1h	1.5495	+0.090%	$168K	$704K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	−0.315%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5490	+0.058%	$388.1M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5489	+0.052%	$313.2M	$945.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5484	+0.019%	$109.6M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5485	+0.026%	$274.4M	$361.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5488	+0.045%	—	$105.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5471	−0.067%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5483	+0.012%	$674K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5525	+0.285%	$1.1M	$32.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5485	+0.026%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5494	+0.084%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5488	+0.045%	$53K	$502K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5485	+0.025%	$42K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5490	+0.058%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5488	+0.047%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5486	+0.032%	$32K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5476	−0.035%	$50.6M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5486	+0.032%	$55.0M	$33.2M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5478	−0.018%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5486	+0.034%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0143% / S −0.0109%	1h	1.5484	+0.021%	$830K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5489	+0.052%	$5.3M	$46.3M	50x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5495	+0.090%	$1.8M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0197%	1h	1.5503	+0.139%	$299.1M	$266.3M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5481	0.000%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5483	+0.012%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5487	+0.039%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5535	+0.347%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0474%	1h	1.5477	−0.027%	$3K	$15K	10x	as long as short