XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0115%/8h= −12.6% APRnext payment −$0.14 per $10,000 · paid last 24h −0.032%

Price spread now: Lighter against Reya+0.138%7-day average +0.026% · you sell dearer than you buy

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

Long on Reya Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.104%−$10 on $10k

Price spread, last 7 days−0.110%−$11 · spread now +0.138%, 7d avg +0.026%

Together, before fees−0.214%+ Points / potential airdropReya: Active · Lighter: Season 3 · farm board−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Lighter is 0.112% dearer against Reya than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.026%): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XRPRUSDPERP	1.5392	0.0211	pay 0.0026% / 1h	3m 44s	$1.4M	$9K	15x
Short	Lighter XRP	1.5413	0.0096	get 0.0012% / 1h	3m 44s	$3.0M	$11.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. 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 ReyabpFee LighterbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$24.12
Price spread: +0.138% → +0.026%: $11.17
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.95
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	2.32 bp	2.6 bp −$3	5.1 bp −$51	14.5 bp −$1,451	38.8 bp −$19.4K

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	1.5398	+0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5405	+0.082%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5450	+0.377%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5391	−0.005%	$258K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5397	+0.032%	$9.4M	$24.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.663%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0048%	8h	1.5395	+0.019%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0076% / S +0.0164%	1h	1.5390	−0.012%	$906K	—	200x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5413	+0.138%	$3.0M	$11.5M	20x
Lighter RH XRP	+0.0096%	1h	1.5415	+0.149%	$445K	$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	1.5391	−0.003%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5411	+0.123%	$39.2M	$73.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5418	+0.167%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5416	+0.154%	$554.5M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5415	+0.149%	$346.9M	$853.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5415	+0.149%	$125.5M	$849.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5393	+0.006%	$573K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5422	+0.195%	$121K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	+0.517%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5410	+0.117%	$367.6M	$134.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5412	+0.130%	$286.6M	$825.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5414	+0.142%	$112.1M	$149.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5413	+0.136%	$267.2M	$347.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5404	+0.078%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5410	+0.116%	$6.6M	$24.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5443	+0.333%	$671K	$95.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5404	+0.081%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5410	+0.117%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5392	+0.001%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5396	+0.026%	$51K	$438K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5394	+0.012%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5392	−0.002%	$829K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5398	+0.040%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5393	+0.006%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5389	−0.020%	$50.6M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5393	+0.006%	$55.0M	$28.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5414	+0.145%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5398	+0.039%	$12K	$240K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5410	+0.116%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	+0.003%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0152%	1h	1.5400	+0.052%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5393	+0.005%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5401	+0.058%	$5.6M	$44.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0199%	1h	1.5401	+0.058%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERPlong	+0.0211%	1h	1.5392	long leg	$1.4M	$9K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5396	+0.026%	$24.2M	$69.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5414	+0.143%	$1.8M	$31.9M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5387	−0.031%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5395	+0.023%	$404K	$498K	10x	as long as short
Hyperliquid XRP	+0.0515%	1h	1.5429	+0.240%	$284.1M	$190.5M	20x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5417	+0.159%	$1K	$11K	10x	as long as short