Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter RH against Bybit+0.127%7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$19as in the Funding arb table
Net, price: spread back to 7d avg − costs−$2as in the Price arb table
costs, in and out, $10k−$150.154% of the position
Funding, last 7 days−0.039%−$4 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now +0.127%, 7d avg −0.010%
=Together, before fees−0.160%+ Points / potential airdropLighter RH: Points live · farm board−$16 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 0.136% dearer against Bybit than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.010%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XRPUSDT | 1.4979 | 0.0100 | pay 0.0100% / 8h | 2h 25m | $340.6M | $971.0M | 100x |
| Short | Lighter RH XRP | 1.4998 | 0.0096 | get 0.0012% / 1h | 25m 19s | $543K | $3.3M | 20x |
Bybit XRPUSDT
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Bybit. 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: +0.127% → −0.010%
- $13.64
- Slippage, 4 orders
- −$4.4
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$2.6
- Costs to cover
- 0.154%
- Break-even
- never at this rate
Slippage from Bybit: 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 Bybit live order book, 4 min ago | 0.33 bp | 5.8 bp −$6 | 6.7 bp −$67 | 13.7 bp −$1,368 | 30.6 bp −$15.3K |
| Sell Lighter RH live order book, 3 min ago | 1.00 bp | 2.7 bp −$3 | 4.9 bp −$49 | 44.2 bp −$4,424 | 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 | 1.4943 | −0.240% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.4994 | +0.103% | $14.1M | $75.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.4984 | +0.030% | $1.1M | $130K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.4980 | +0.007% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.4994 | +0.099% | $243K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.879% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.4993 | +0.094% | $788K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.4996 | +0.113% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0084% | 1h | 1.4997 | +0.120% | $7.6M | $25.7M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.4996 | +0.114% | $2.8M | $15.0M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRPshort | +0.0096% | 1h | 1.4998 | +0.127% | $543K | $3.3M | 20x | |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.4986 | +0.047% | $10K | $363K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.4989 | +0.063% | $952K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5003 | +0.160% | $285.5M | $261.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.4994 | +0.098% | $38.2M | $87.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.4988 | +0.063% | $599K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.4992 | +0.085% | $524.7M | $2.22B | 100x | as long as short |
| Bybit XRPUSDTlong | +0.0100% | 8h | 1.4979 | long leg | $340.6M | $971.0M | 100x | |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.4981 | +0.013% | $124.2M | $876.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.4932 | −0.314% | $556K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5003 | +0.160% | $143K | $729K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5027 | +0.320% | $1.6M | $4K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.4997 | +0.120% | $365.7M | $159.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.4981 | +0.013% | $277.6M | $919.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.4991 | +0.080% | $104.6M | $181.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.4992 | +0.087% | $263.1M | $397.7M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.4996 | +0.113% | — | $106.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.4960 | −0.127% | $4.7M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.4951 | −0.185% | $649K | $112.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5001 | +0.145% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.4945 | −0.227% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5000 | +0.140% | $51K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.4996 | +0.113% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.4995 | +0.107% | $61K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.4993 | +0.096% | $807K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5002 | +0.150% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.4996 | +0.113% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.4990 | +0.071% | $49.0M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.4989 | +0.067% | $53.5M | $32.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.4997 | +0.122% | $468K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.4991 | +0.079% | — | $15K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.4989 | +0.070% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.4995 | +0.104% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0148% | 8h | 1.4991 | +0.080% | $1.6M | $35.8M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0155% | 1h | 1.4971 | −0.053% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5000 | +0.140% | $5.5M | $48.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0208% | 1h | 1.4939 | −0.269% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.4993 | +0.096% | $1.3M | $6K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.4995 | +0.107% | $23.3M | $76.3M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5001 | +0.147% | $512K | $782K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0619% | 1h | 1.5001 | +0.148% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance 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
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD