XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter against Injective−2.577%66s7-day average +0.184% · you buy dearer than you sell

Net, funding: paid 7d − costs−$115as 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−$970.968% of the position

Long on Injective Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.180%−$18 on $10k

Price spread, last 4 days (all we have)+3.504%+$350 · spread now −2.577%, 7d avg +0.184%

Together, before fees+3.324%+ Points / potential airdropLighter: Season 3 · farm board+$332 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 2.761% cheaper against Injective than usual: you would sell low and buy high (spread −2.577% now, against its 7-day average of +0.184%). If the spread goes back, that is −$276 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.180%, so the current rate has only just turned in your favour. The two prices were read 66 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	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	38m 12s	$2K	$107K	30x
Short	Lighter XRP	1.5159	0.0096	get 0.0012% / 1h	38m 12s	$2.8M	$14.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Injective. 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 InjectivebpFee LighterbpOrdersPrice spread, now −2.577%Rate

Funding earned: $13.16
Price spread: −2.577% → +0.184%: −$276.1
Slippage, 4 orders: −$96.81
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter: 0 bp × 2 orders: $0
Net: −$359.77
Costs to cover: 0.968%
Break-even: 198.4 days

Slippage from Injective: live order book, 20 min ago; Lighter: live order book, 5 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 Injective live order book, 20 min ago	42.92 bp	42.9 bp −$43	56.1 bp −$561	doesn't fit	doesn't fit
Sell Lighter live order book, 5 min ago	1.67 bp	3.0 bp −$3	6.4 bp −$64	15.0 bp −$1,500	33.6 bp −$16.8K

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	1.5148	−2.648%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5159	−2.575%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5146	−2.661%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−2.635%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5160	−2.569%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5165	−2.539%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0030%	1h	1.5160	−2.568%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5159	−2.577%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0081%	8h	1.5163	−2.551%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRPshort	+0.0096%	1h	1.5159	−2.577%	$2.8M	$14.6M	20x
Lighter RH XRP	+0.0096%	1h	1.5160	−2.571%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5153	−2.616%	$10K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	−2.542%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5168	−2.519%	$281.6M	$225.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5167	−2.526%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5149	−2.640%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5157	−2.587%	$534.1M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5158	−2.584%	$344.9M	$931.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5160	−2.571%	$125.9M	$875.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	−2.474%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5107	−2.911%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	−2.662%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5158	−2.584%	$370.0M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5159	−2.577%	$289.8M	$897.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5156	−2.594%	$108.0M	$173.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5160	−2.571%	$267.9M	$384.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5157	−2.590%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−2.650%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−2.627%	$658K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	−2.442%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5149	−2.641%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5163	−2.551%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5161	−2.563%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5166	−2.534%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5165	−2.537%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5161	−2.564%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5159	−2.575%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5158	−2.584%	$54.1M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5148	−2.648%	$472K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5162	−2.561%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5161	−2.566%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	−2.546%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5152	−2.620%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0164%	1h	1.5171	−2.500%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5170	−2.506%	$5.6M	$47.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5161	−2.563%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5141	−2.693%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5152	−2.622%	$2.1M	$34.5M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5159	−2.579%	$516K	$779K	10x	as long as short
Aftermath Perps XRPUSD	+0.0658%	1h	1.5155	−2.601%	$2K	$15K	10x	as long as short