Funding you earn now, next payment 10:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Bullet−0.013%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bullet XRP-USD | 1.5437 | 0.0100 | pay 0.0013% / 1h | 57m 27s | $41K | $66K | 20x |
| Short | Lighter XRP | 1.5435 | 0.0096 | get 0.0012% / 1h | 57m 27s | $2.8M | $14.4M | 20x |
Bullet XRP-USD
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bullet. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$0.84
- Price spread: −0.013% → 0.000%
- −$1.3
- Slippage, 4 orders
- no order book: not counted
- Fee Bullet: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$10.14
- Costs to cover
- 0.080%
- Break-even
- never at this rate
Slippage unknown: Bullet: no order-book sample; Lighter: live order book, 6 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 Bullet no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 1.27 bp | 1.5 bp −$1 | 5.0 bp −$50 | 14.9 bp −$1,493 | 36.6 bp −$18.3K |
Bullet: 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 50 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 | 1.5434 | −0.019% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5435 | −0.012% | $1.1M | $155K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5490 | +0.343% | $70K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5435 | −0.013% | $8.0M | $22.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5479 | +0.269% | $251K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0015% | 1h | 1.5428 | −0.057% | $14.1M | $73.5M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +0.797% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0064% | 1h | 1.5436 | −0.008% | $17K | $78K | 7x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5435 | −0.013% | $2.8M | $14.4M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5435 | −0.013% | $612K | $3.0M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5434 | −0.019% | $20K | $378K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5442 | +0.030% | $482K | $52K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5435 | −0.010% | $993K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5439 | +0.010% | $39.2M | $82.9M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5431 | −0.037% | $610K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5441 | +0.026% | $538.7M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5437 | 0.000% | $360.0M | $905.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5437 | 0.000% | $124.9M | $848.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5434 | −0.019% | $569K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5442 | +0.032% | $167K | $704K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5425 | −0.080% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5428 | −0.058% | $383.8M | $155.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5430 | −0.045% | $308.4M | $894.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5431 | −0.042% | $109.4M | $180.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5443 | +0.039% | $273.1M | $360.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5425 | −0.078% | — | $105.7M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5432 | −0.032% | $2.0M | $1.3M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5471 | +0.218% | $4.9M | $38.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5462 | +0.162% | $672K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5484 | +0.302% | $1.1M | $32.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5492 | +0.356% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5443 | +0.041% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5438 | +0.006% | $53K | $480K | 20x | as long as short |
| Bullet XRP-USDlong | +0.0100% | 1h | 1.5437 | long leg | $41K | $66K | 20x | |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5436 | −0.006% | $78K | $623K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5441 | +0.029% | $130K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5427 | −0.065% | $30K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5414 | −0.146% | $50.3M | $14.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5427 | −0.065% | $54.8M | $33.4M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5420 | −0.108% | $2.1M | $5.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5440 | +0.019% | $9K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5434 | −0.016% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0120% | 1h | 1.5426 | −0.071% | $5.3M | $46.1M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0143% / S −0.0109% | 1h | 1.5484 | +0.306% | $830K | — | 200x | as long as short |
| Kalshi KXXRPPERP | +0.0169% | 8h | 1.5453 | +0.104% | $1.8M | $32.9M | 2.9x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5450 | +0.084% | $23.8M | $79.4M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0222% | 1h | 1.5433 | −0.027% | $1.4M | $4K | 15x | as long as short |
| Hyperliquid XRP | +0.0237% | 1h | 1.5447 | +0.065% | $298.2M | $266.7M | 20x | as long as short |
| RISEx XRP/USDC | +0.0272% | 1h | 1.5440 | +0.019% | $521K | $794K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0476% | 1h | 1.5468 | +0.201% | $3K | $15K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Backpack XRP_USDC_PERP
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
GMX XRP/USD [ETH-USDC]
Kalshi KXXRPPERP
BloFin XRP-USDT
Reya XRPRUSDPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD