XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Pacifica+0.009%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$150.154% of the position

Long on Pacifica Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.060%−$6 · spread now +0.009%, 7d avg −0.004%

Together, before fees−0.144%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica XRP	1.5554	0.0100	pay 0.0013% / 1h	35m 31s	$671K	$1.1M	20x
Short	Lighter XRP	1.5556	0.0096	get 0.0012% / 1h	35m 31s	$3.0M	$12.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Pacifica. 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 PacificabpFee LighterbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$0.84
Price spread: +0.009% → −0.004%: $1.33
Slippage, 4 orders: −$7.4
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.91
Costs to cover: 0.154%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; Lighter: live order book, 3 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 Pacifica live order book, 3 min ago	0.96 bp	5.9 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	1.74 bp	2.2 bp −$2	5.9 bp −$59	18.3 bp −$1,825	36.8 bp −$18.4K

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	1.5603	+0.312%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5544	−0.066%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	−0.054%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5555	+0.006%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.700%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.174%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5549	−0.035%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0132%	1h	1.5554	0.000%	$916K	—	200x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5556	+0.009%	$3.0M	$12.0M	20x
Lighter RH XRP	+0.0096%	1h	1.5547	−0.048%	$455K	$3.1M	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	1.5576	+0.142%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5555	+0.001%	$39.5M	$76.7M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5554	long leg	$671K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5580	+0.167%	$562.5M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5583	+0.184%	$349.5M	$882.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5581	+0.171%	$127.3M	$873.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	+0.042%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5574	+0.126%	$119K	$732K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.826%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5564	+0.061%	$374.0M	$138.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5555	+0.004%	$292.8M	$838.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5547	−0.047%	$114.4M	$157.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5582	+0.177%	$271.1M	$358.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5567	+0.081%	—	$116.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5690	+0.869%	$12.0M	$29.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.291%	$677K	$100.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5597	+0.274%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.582%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5572	+0.114%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5585	+0.196%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5548	−0.041%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5553	−0.009%	$837K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	+0.046%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.099%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.185%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.112%	$55.3M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5552	−0.017%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5578	+0.151%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5565	+0.067%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5547	−0.048%	$72K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.349%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5581	+0.171%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5580	+0.164%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	−0.074%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.344%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5543	−0.074%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+0.151%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5730	+1.129%	$70K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5585	+0.197%	$509K	$620K	10x	as long as short
Hyperliquid XRP	+0.0601%	1h	1.5557	+0.016%	$290.2M	$199.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0679%	1h	1.5636	+0.527%	$1K	$11K	10x	as long as short