Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.041%
Price spread now: Lighter against edgeX−0.257%79s7-day average +0.034% · you buy dearer than you sell
Net, funding: paid 7d − costs−$9as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$160.161% of the position
Funding, last 7 days+0.068%+$7 on $10k
+Price spread, last 7 days+0.304%+$30 · spread now −0.257%, 7d avg +0.034%
=Together, before fees+0.372%+ Points / potential airdropedgeX: Active · Lighter: Season 3 · farm board+$37 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 is 0.291% cheaper against edgeX than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX XRPUSDC | 1.5529 | 0.0100 | pay 0.0050% / 4h | 37m 55s | $674K | $103.7M | 30x |
| Short | Lighter XRP | 1.5489 | 0.0096 | get 0.0012% / 1h | 37m 55s | $3.0M | $12.6M | 20x |
edgeX XRPUSDC
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against edgeX. 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: −0.257% → +0.034%
- −$29.11
- Slippage, 4 orders
- −$7.07
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$46.02
- Costs to cover
- 0.161%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 1 min ago; Lighter: live order book, 6 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 edgeX live order book, 1 min ago | 0.97 bp | 5.5 bp −$5 | 5.5 bp −$55 | 8.8 bp −$876 | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.12 bp | 3.0 bp −$3 | 5.2 bp −$52 | 11.8 bp −$1,176 | 30.5 bp −$15.3K |
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 | 1.5494 | −0.223% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5485 | −0.284% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5550 | +0.137% | $69K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5488 | −0.265% | $259K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0007% / S +0.0103% | 1h | 1.5486 | −0.275% | $853K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0008% | 1h | 1.5490 | −0.249% | $9.6M | $25.4M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5486 | −0.272% | $15.5M | $68.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0057% | 8h | 1.5489 | −0.256% | $76K | $909K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +0.202% | $2K | $107K | 30x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5489 | −0.257% | $3.0M | $12.6M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5491 | −0.243% | $441K | $3.1M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5494 | −0.223% | $1.1M | $5.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5489 | −0.256% | $39.4M | $80.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5490 | −0.248% | $637K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5489 | −0.256% | $553.9M | $2.02B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5490 | −0.249% | $347.0M | $918.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5491 | −0.243% | $126.9M | $885.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5473 | −0.359% | $578K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5497 | −0.204% | $116K | $754K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5506 | −0.147% | $1.7M | $573K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5489 | −0.256% | $373.2M | $144.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5474 | −0.352% | $296.8M | $874.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5486 | −0.272% | $112.8M | $163.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5490 | −0.249% | $270.3M | $372.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5488 | −0.262% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5522 | −0.046% | $11.6M | $30.5M | — | as long as short |
| edgeX XRPUSDClong | +0.0100% | 4h | 1.5529 | long leg | $674K | $103.7M | 30x | |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5516 | −0.080% | $1.1M | $40.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5524 | −0.030% | $1.0M | $899K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5491 | −0.243% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5504 | −0.159% | $47K | $454K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5491 | −0.243% | $42K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5489 | −0.256% | $834K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5496 | −0.207% | $130K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5486 | −0.275% | $33K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5484 | −0.290% | $50.8M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5490 | −0.249% | $55.1M | $29.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5494 | −0.220% | $483K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5500 | −0.185% | $12K | $268K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5489 | −0.256% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5485 | −0.282% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5502 | −0.172% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5487 | −0.270% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5488 | −0.262% | $24.5M | $74.3M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5495 | −0.217% | $5.9M | $47.4M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0264% | 1h | 1.5494 | −0.226% | $18K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0311% | 8h | 1.5493 | −0.230% | $1.9M | $34.1M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0315% | 1h | 1.5500 | −0.185% | $1.7M | $1.0M | 25x | as long as short |
| Hyperliquid XRP | +0.0595% | 1h | 1.5509 | −0.127% | $294.8M | $209.6M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5509 | −0.128% | $504K | $633K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0789% | 1h | 1.5540 | +0.070% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
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-USDC
Variational Omni XRP
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD