Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Binance+0.012%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on Binance Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 7 days−0.009%−$1 · spread now +0.012%, 7d avg −0.013%

Together, before fees−0.012%+ Points / potential airdropLighter RH: Points live · farm board−$1 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 RH is 0.025% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance XRPUSDT	1.5056	0.0100	pay 0.0100% / 8h	6h 38m	$534.7M	$2.11B	100x
Short	Lighter RH XRP	1.5058	0.0096	get 0.0012% / 1h	38m 16s	$514K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Binance. 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 BinancebpFee Lighter RHbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$0.84
Price spread: +0.012% → −0.013%: $2.5
Slippage, 4 orders: −$5.3
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$13.64
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; 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 Binance live order book, 6 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	13.2 bp −$1,316	25.4 bp −$12.7K
Sell Lighter RH live order book, 5 min ago	1.99 bp	2.0 bp −$2	6.2 bp −$62	39.1 bp −$3,909	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	1.5082	+0.171%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5080	+0.155%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.357%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5057	+0.005%	$251K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0063%	1h	1.5057	+0.006%	$826K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.346%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5051	−0.034%	$14.5M	$72.9M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5058	+0.012%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5055	−0.009%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5058	+0.012%	$514K	$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	1.5068	+0.078%	$10K	$306K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5082	+0.168%	$792K	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5077	+0.140%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5085	+0.189%	$608K	$1.1M	20x	as long as short
Binance XRPUSDTlong	+0.0100%	8h	1.5056	long leg	$534.7M	$2.11B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5062	+0.039%	$338.4M	$944.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5064	+0.052%	$123.1M	$869.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5090	+0.225%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5083	+0.178%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.841%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5069	+0.085%	$365.6M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5077	+0.138%	$286.5M	$904.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5077	+0.142%	$106.4M	$172.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5053	−0.021%	$264.2M	$386.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5063	+0.045%	—	$127.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.279%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.639%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5080	+0.160%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.709%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5084	+0.185%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5080	+0.158%	$45K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5067	+0.072%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5061	+0.033%	$810K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5060	+0.024%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5056	−0.001%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5058	+0.015%	$49.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5058	+0.012%	$53.5M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5083	+0.178%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5052	−0.028%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5057	+0.009%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5074	+0.118%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0149%	1h	1.5057	+0.005%	$7.6M	$25.4M	50x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5090	+0.225%	$278.9M	$220.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5078	+0.142%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5059	+0.019%	$5.7M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.909%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5089	+0.216%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5097	+0.271%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0340%	8h	1.5078	+0.145%	$2.1M	$36.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5078	+0.146%	$534K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0812%	1h	1.5117	+0.401%	$2K	$14K	10x	as long as short