Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Paradex−0.060%7-day average −0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$180.181% of the position
Funding, last 4 days (all we have)+0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.061%+$6 · spread now −0.060%, 7d avg −0.002%
=Together, before fees+0.062%+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm board+$6 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 0.058% cheaper against Paradex than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.002%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex XRP-USD-PERP | 1.5248 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $475K | $55K | 50x |
| Short | Lighter XRP | 1.5239 | 0.0096 | get 0.0012% / 1h | 6m 05s | $2.8M | $15.1M | 20x |
Paradex XRP-USD-PERP
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Paradex. 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: −0.060% → −0.002%
- −$5.8
- Slippage, 4 orders
- −$14.07
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$24.71
- Costs to cover
- 0.181%
- Break-even
- never at this rate
Slippage from Paradex: live order book, 38 min ago; Lighter: live order book, 7 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 Paradex live order book, 38 min ago | 4.62 bp | 6.6 bp −$7 | 153.1 bp −$1,531 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 7 min ago | 2.26 bp | 2.5 bp −$2 | 5.7 bp −$57 | 17.9 bp −$1,789 | 37.3 bp −$18.7K |
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 | 1.5243 | −0.031% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5243 | −0.029% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5220 | −0.182% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5239 | −0.059% | $247K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0024% | 1h | 1.5238 | −0.064% | $14.5M | $74.6M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.048% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0078% | 1h | 1.5239 | −0.057% | $7.9M | $24.5M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0091% / S −0.0046% | 1h | 1.5234 | −0.089% | $785K | — | 200x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5239 | −0.060% | $2.8M | $15.1M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5240 | −0.051% | $547K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5240 | −0.051% | $11K | $370K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5248 | −0.001% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5239 | −0.059% | $38.7M | $87.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5250 | +0.016% | $617K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5238 | −0.064% | $534.9M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5235 | −0.083% | $349.3M | $960.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5236 | −0.077% | $128.1M | $881.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5197 | −0.333% | $567K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5254 | +0.041% | $145K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | −0.160% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5235 | −0.083% | $378.3M | $162.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5238 | −0.064% | $313.3M | $933.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5237 | −0.070% | $105.7M | $182.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5235 | −0.083% | $269.3M | $395.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5236 | −0.077% | — | $105.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5214 | −0.223% | $4.8M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5218 | −0.193% | $661K | $113.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5212 | −0.234% | $1.1M | $35.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5225 | −0.149% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5248 | +0.002% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5251 | +0.021% | $50K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5238 | −0.063% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5243 | −0.031% | $76K | $686K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5248 | +0.001% | $820K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5247 | −0.008% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5237 | −0.070% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5239 | −0.060% | $49.8M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5239 | −0.057% | $54.5M | $32.5M | 50x | as long as short |
| Paradex XRP-USD-PERPlong | +0.0100% | 8h | 1.5248 | long leg | $475K | $55K | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5231 | −0.109% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5230 | −0.113% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5253 | +0.035% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5214 | −0.221% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0175% | 1h | 1.5247 | −0.005% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5240 | −0.051% | $5.7M | $48.3M | 50x | as long as short |
| Hyperliquid XRP | +0.0216% | 1h | 1.5250 | +0.015% | $290.2M | $266.3M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0218% | 8h | 1.5250 | +0.015% | $1.7M | $34.8M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5244 | −0.023% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5246 | −0.011% | $23.8M | $78.0M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5253 | +0.032% | $530K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0696% | 1h | 1.5237 | −0.073% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
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
GRVT XRP_USDT_Perp
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
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD