XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0104%/8h= −11.4% APRnext payment −$0.13 per $10,000 · paid last 24h −0.025%

Price spread now: Lighter RH against Backpack−0.053%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Backpack Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.142%−$14 on $10k

Price spread, last 7 days+0.484%+$48 · spread now −0.053%, 7d avg +0.046%

Together, before fees+0.342%+ Points / potential airdropLighter RH: Points live · farm board+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Lighter RH is 0.099% cheaper against Backpack than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.046%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack XRP_USDC_PERP	1.5178	0.0200	pay 0.0025% / 1h	28m 44s	$1.9M	$1.3M	25x
Short	Lighter RH XRP	1.5170	0.0096	get 0.0012% / 1h	28m 44s	$512K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Backpack. 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 BackpackbpFee Lighter RHbpOrdersPrice spread, now −0.053%Rate

Funding earned: −$21.83
Price spread: −0.053% → +0.046%: −$9.92
Slippage, 4 orders: −$3.29
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$45.04
Costs to cover: 0.133%
Break-even: never at this rate

Slippage from Backpack: live order book, just now; Lighter RH: live order book, 5 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 Backpack live order book, just now	0.33 bp	5.3 bp −$5	6.9 bp −$69	doesn't fit	doesn't fit
Sell Lighter RH live order book, 5 min ago	1.32 bp	1.3 bp −$1	4.6 bp −$46	36.9 bp −$3,688	doesn't fit

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	1.5187	+0.059%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5167	−0.069%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5183	+0.031%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5176	−0.013%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.517%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5183	+0.031%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5181	+0.020%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5179	+0.007%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	−0.054%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5170	−0.053%	$512K	$3.3M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5172	−0.040%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5183	+0.030%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5182	+0.026%	$281.4M	$221.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5174	−0.029%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5171	−0.048%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5170	−0.055%	$537.8M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5166	−0.079%	$344.4M	$927.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5166	−0.079%	$125.9M	$867.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	−0.046%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5168	−0.066%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.144%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5173	−0.033%	$369.5M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5168	−0.066%	$291.5M	$898.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5169	−0.057%	$108.3M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5164	−0.092%	$267.9M	$380.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5165	−0.086%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.134%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	−0.009%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5214	+0.236%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.198%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.081%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5188	+0.066%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5185	+0.046%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	+0.013%	$817K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	+0.056%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5173	−0.033%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5182	+0.024%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.046%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5167	−0.072%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5161	−0.110%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	−0.041%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERPlong	+0.0200%	1h	1.5178	long leg	$1.9M	$1.3M	25x
Reya XRPRUSDPERP	+0.0215%	1h	1.5184	+0.039%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5177	−0.007%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5178	0.000%	$24.2M	$75.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5198	+0.133%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5170	−0.051%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5182	+0.026%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5165	−0.087%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.079%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5182	+0.028%	$2K	$14K	10x	as long as short