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: Lighter RH against Reya+0.032%7-day average +0.014% · you sell dearer than you buy

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

Long on Reya Short on Lighter RH

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−0.005%$0 · spread now +0.032%, 7d avg +0.014%

Together, before fees−0.119%+ Points / potential airdropReya: Active · Lighter RH: Points live · farm board−$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.014%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya XRPRUSDPERP	1.5147	0.0217	pay 0.0027% / 1h	21m 50s	$1.3M	$7K	15x
Short	Lighter RH XRP	1.5152	0.0096	get 0.0012% / 1h	21m 50s	$495K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.032%Rate

Funding earned: −$25.39
Price spread: +0.032% → +0.014%: $1.79
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$29.6
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Lighter RH: live order book, 1 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 RH live order book, 1 min ago	1.32 bp	2.5 bp −$3	6.9 bp −$69	40.4 bp −$4,043	doesn't fit

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	+0.005%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5148	+0.004%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5153	+0.036%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5153	+0.038%	$7.8M	$25.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5149	+0.009%	$14.4M	$74.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.725%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5150	+0.019%	$790K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	+0.043%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5152	+0.032%	$495K	$3.3M	20x
Katana Perps XRP-USD	+0.0098%	8h	1.5138	−0.061%	$9K	$348K	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	−0.021%	$995K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5180	+0.216%	$38.8M	$85.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5150	+0.018%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5184	+0.243%	$535.4M	$2.16B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5194	+0.309%	$345.8M	$945.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5196	+0.322%	$126.3M	$885.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5147	−0.001%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5145	−0.015%	$131K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.114%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5172	+0.164%	$372.1M	$156.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5176	+0.190%	$295.9M	$905.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5184	+0.244%	$109.2M	$177.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5198	+0.335%	$269.6M	$390.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5182	+0.230%	—	$127.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5187	+0.261%	$4.9M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5189	+0.273%	$660K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5166	+0.122%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5196	+0.322%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5151	+0.026%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5154	+0.045%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5149	+0.009%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5150	+0.018%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	+0.021%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	+0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5150	+0.018%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5150	+0.021%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	+0.018%	$53.9M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5150	+0.021%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5148	+0.007%	$2.0M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5148	+0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5143	−0.028%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5157	+0.065%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERPlong	+0.0217%	1h	1.5147	long leg	$1.3M	$7K	15x
BloFin XRP-USDT	+0.0220%	8h	1.5163	+0.104%	$24.2M	$75.6M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0256%	1h	1.5163	+0.104%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5160	+0.082%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0302%	8h	1.5156	+0.058%	$1.9M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5143	−0.031%	$516K	$776K	10x	as long as short
Hyperliquid XRP	+0.0407%	1h	1.5166	+0.124%	$298.4M	$247.2M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.282%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0678%	1h	1.5184	+0.244%	$2K	$15K	10x	as long as short