Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter RH against Bitget0.000%7-day average −0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$180.178% of the position

Long on Bitget Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.021%−$2 · spread now 0.000%, 7d avg −0.016%

Together, before fees−0.071%+ Points / potential airdropLighter RH: Points live · farm board−$7 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget XRPUSDT	1.5700	0.0100	pay 0.0100% / 8h	1h 45m	$272.5M	$353.4M	125x
Short	Lighter RH XRP	1.5700	0.0096	get 0.0012% / 1h	45m 28s	$461K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bitget. 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 BitgetbpFee Lighter RHbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$0.84
Price spread: 0.000% → −0.016%: $1.63
Slippage, 4 orders: −$5.83
Fee Bitget: 6 bp × 2 orders: −$12
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$17.05
Costs to cover: 0.178%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Lighter RH: live order book, 3 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 Bitget live order book, 4 min ago	0.32 bp	8.1 bp −$8	10.2 bp −$102	15.5 bp −$1,549	25.5 bp −$12.7K
Sell Lighter RH live order book, 3 min ago	1.60 bp	1.6 bp −$2	5.6 bp −$56	40.9 bp −$4,094	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	1.5692	−0.051%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5691	−0.056%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5637	−0.398%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5655	−0.287%	$9.6M	$24.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.611%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5645	−0.353%	$15.7M	$67.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5652	−0.306%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0080% / S +0.0144%	1h	1.5639	−0.391%	$925K	—	200x	as long as short
Hibachi XRP/USDT-P	+0.0088%	1h	1.5608	−0.589%	$19K	$73K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5677	−0.148%	$3.0M	$11.7M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRPshort	+0.0096%	1h	1.5700	0.000%	$461K	$3.1M	20x
Nado XRP-PERP	+0.0100%	1h	1.5695	−0.029%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5699	−0.006%	$40.0M	$75.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5690	−0.061%	$678K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5699	−0.006%	$569.6M	$1.92B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5702	+0.013%	$355.6M	$872.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5699	−0.006%	$129.2M	$872.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.541%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5699	−0.006%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−1.102%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5695	−0.032%	$373.8M	$135.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5695	−0.032%	$292.2M	$825.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5677	−0.146%	$113.4M	$153.5M	75x	as long as short
Bitget XRPUSDTlong	+0.0100%	8h	1.5700	long leg	$272.5M	$353.4M	125x
BingX XRP-USDT	+0.0100%	8h	1.5696	−0.025%	—	$115.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−1.120%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5621	−0.501%	$678K	$98.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	−0.414%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5628	−0.459%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5683	−0.110%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5705	+0.032%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5639	−0.390%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5654	−0.293%	$843K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5652	−0.308%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5648	−0.331%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5636	−0.406%	$51.4M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5645	−0.350%	$55.7M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5696	−0.029%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5696	−0.025%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5693	−0.047%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5652	−0.307%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5703	+0.019%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5699	−0.008%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5656	−0.280%	$5.8M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5619	−0.516%	$24.6M	$71.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5643	−0.363%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0360%	1h	1.5656	−0.280%	$1.8M	$976K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.701%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5705	+0.030%	$412K	$534K	10x	as long as short
Aftermath Perps XRPUSD	+0.0606%	1h	1.5598	−0.651%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0653%	1h	1.5685	−0.095%	$290.4M	$196.7M	20x	as long as short