Funding you earn now, next payment 07:00 UTC−0.0087%/8h= −9.6% APRnext payment −$0.11 per $10,000 · paid last 24h −0.089%
Price spread now: Lighter RH against Hyperliquid−0.013%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$130.130% of the position
Funding, last 7 days−0.209%−$21 on $10k
+Price spread, last 7 days−0.012%−$1 · spread now −0.013%, 7d avg −0.057%
=Together, before fees−0.221%+ Points / potential airdropHyperliquid: Season 2 · Lighter RH: Points live · farm board−$22 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.044% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.057%): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5173 | 0.0183 | pay 0.0023% / 1h | 30m 16s | $288.5M | $264.8M | 20x |
| Short | Lighter RH XRP | 1.5171 | 0.0096 | get 0.0012% / 1h | 30m 16s | $545K | $3.2M | 20x |
Hyperliquid XRP
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Hyperliquid. 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
- −$18.34
- Price spread: −0.013% → −0.057%
- $4.37
- Slippage, 4 orders
- −$3.96
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$26.92
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage from Hyperliquid: 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 Hyperliquid live order book, 4 min ago | 0.33 bp | 4.8 bp −$5 | 5.0 bp −$50 | 9.2 bp −$920 | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.65 bp | 1.6 bp −$2 | 5.7 bp −$57 | 39.3 bp −$3,934 | 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 | 1.5162 | −0.072% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5159 | −0.090% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | −0.020% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5158 | −0.096% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5167 | −0.036% | $14.4M | $74.9M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.551% | $2K | $107K | 30x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5171 | −0.013% | $7.7M | $24.8M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0084% / S −0.0033% | 1h | 1.5161 | −0.082% | $800K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5168 | −0.032% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRPshort | +0.0096% | 1h | 1.5171 | −0.013% | $545K | $3.2M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5154 | −0.125% | $10K | $371K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5158 | −0.096% | $978K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5167 | −0.038% | $38.5M | $87.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5161 | −0.079% | $616K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5169 | −0.025% | $531.8M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5165 | −0.053% | $345.9M | $961.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5167 | −0.040% | $127.2M | $882.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5147 | −0.171% | $564K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5165 | −0.053% | $143K | $714K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5166 | −0.046% | $376.4M | $160.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5169 | −0.026% | $300.3M | $923.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5167 | −0.040% | $107.5M | $181.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5167 | −0.040% | $267.6M | $396.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5160 | −0.086% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5158 | −0.100% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5158 | −0.101% | $659K | $113.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5169 | −0.029% | $1.1M | $36.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5164 | −0.059% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5166 | −0.044% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5166 | −0.046% | $47K | $489K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5164 | −0.057% | $41K | $71K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5167 | −0.040% | $65K | $774K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5148 | −0.162% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5163 | −0.065% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5168 | −0.033% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5161 | −0.082% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5165 | −0.053% | $54.3M | $32.4M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5157 | −0.105% | $1.6M | $5K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5169 | −0.026% | $473K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5162 | −0.073% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5162 | −0.072% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5166 | −0.046% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0152% | 1h | 1.5161 | −0.077% | $17K | $79K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0170% | 1h | 1.5171 | −0.013% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5172 | −0.007% | $5.7M | $48.1M | 50x | as long as short |
| Hyperliquid XRPlong | +0.0183% | 1h | 1.5173 | long leg | $288.5M | $264.8M | 20x | |
| Kalshi KXXRPPERP | +0.0208% | 8h | 1.5167 | −0.040% | $1.7M | $35.1M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5160 | −0.085% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5162 | −0.072% | $23.6M | $77.9M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5164 | −0.058% | $526K | $799K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0604% | 1h | 1.5162 | −0.070% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
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
Bulk XRP-USD
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD