Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.0063%/8hnext payment +$0.08 per $10,000 · paid last 24h +0.018%
Price spread now: Lighter RH against Injective+6.650%89s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.177%−$18 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropLighter RH: Points live · farm boardneeds both histories
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter RH is 6.650% dearer against Injective than usual: you sell high and buy low: +$665 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.177%, so the current rate has only just turned in your favour. The two prices were read 89 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective XRP/USDC PERP1.40900.0033pay 0.0004% / 1h51m 50s$2K$33K30x
ShortLighter RH XRP1.50270.0096get 0.0012% / 1h51m 50s$577K$2.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Lighter RH 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

Funding earned
$13.16
Price spread: +6.650% → 0.000%
$665.01
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Lighter RH: 0 bp × 2 orders
$0
Net
$678.15
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Injective: no order-book sample; Lighter RH: live order book, 8 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample
Sell Lighter RH live order book, 8 min ago1.32 bp1.3 bp −$16.3 bp −$6340.9 bp −$4,088doesn't fit
Injective: 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 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX XRP/USD [ETH-USDC]L −0.0206% / S +0.0292%1h1.5039+6.733%$1.6M200xas long as short
Hotstuff XRP-PERP−0.0080%1h1.5037+6.721%$6K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5044+6.772%$1.1M$101K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5030+6.671%$8.7M$21.8M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0005%1h1.5035+6.707%$267K150xas long as short
Injective XRP/USDC PERPlong+0.0033%1h1.4090long leg$2K$33K30x
Orderly PERP_XRP_USDC+0.0055%8h1.5028+6.657%$179K$777K50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5046+6.785%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5028+6.657%$2.9M$9.9M20xas long as short
Lighter RH XRPshort+0.0096%1h1.5027+6.650%$577K$2.4M20x
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5042+6.757%$11K$249K20xas long as short
Nado XRP-PERP+0.0100%1h1.5027+6.647%$1.1M$5.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5020+6.603%$38.1M$67.7M100xas long as short
Pacifica XRP+0.0100%1h1.5046+6.785%$665K$1.0M20xas long as short
Binance XRPUSDT+0.0100%8h1.5021+6.608%$535.1M$1.72B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5022+6.615%$341.9M$774.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5020+6.600%$125.9M$790.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5049+6.806%$561K$45K5xas long as short
Arcus XRP-USD+0.0100%1h1.5048+6.799%$121K$591K20xas long as short
Bulk XRP-USD+0.0100%1h1.5024+6.631%$1.6M$171K20xas long as short
Gate XRP_USDT+0.0100%8h1.5013+6.551%$349.5M$125.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5018+6.586%$319.7M$741.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5022+6.612%$111.6M$137.0M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5023+6.622%$259.1M$318.0M125xas long as short
BingX XRP-USDC+0.0100%8h1.5023+6.622%$3.6Mas long as short
Variational Omni XRP+0.0100%8h1.5057+6.861%$6.3M$19.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5025+6.637%$652K$88.0M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5033+6.692%$1.1M$40.1M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5023+6.622%$995K$785K50xas long as short
Vest XRP-PERP+0.0100%1h1.5036+6.716%$9K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5042+6.757%$49K$418K20xas long as short
Bullet XRP-USD+0.0100%1h1.5039+6.732%$41K$61K20xas long as short
Derive XRP-PERP+0.0100%1h1.5031+6.676%$810K$67K10xas long as short
SunX XRP-USDT+0.0100%8h1.5045+6.775%$126K$1.7M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5027+6.650%$31K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5030+6.674%$49.6M$13.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5026+6.643%$54.5M$26.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5045+6.778%$469K$54K50xas long as short
Extended XRP-USD+0.0104%1h1.5017+6.581%$2.0M$6.7M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5031+6.677%$72K$39K3xas long as short
Backpack XRP_USDC_PERP+0.0139%1h1.5032+6.686%$1.7M$894K25xas long as short
Kalshi KXXRPPERP+0.0172%8h1.5053+6.835%$1.7M$31.9M2.9xas long as short
Coinbase International XRP-PERP-INTX+0.0208%1h1.5035+6.707%$5.2M$39.6M50xas long as short
Reya XRPRUSDPERP+0.0208%1h1.5041+6.751%$1.3M$11K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5043+6.764%$23.9M$58.7M125xas long as short
Kraken Futures PF_XRPUSD+0.0264%1h1.5026+6.640%$15.9M$54.0M50xas long as short
Hibachi XRP/USDT-P+0.0328%1h1.5028+6.654%$19K$37K7xas long as short
Hyperliquid XRP+0.0420%1h1.5038+6.728%$273.4M$155.5M20xas long as short
RISEx XRP/USDC+0.0441%1h1.5048+6.797%$389K$461K10xas long as short
Phoenix XRP+0.0530%1h1.5100+7.168%$67K$89K15xas long as short
Aftermath Perps XRPUSD+0.0570%1h1.5062+6.899%$1K$9K10xas long as short