XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h −0.012%

Price spread now: Lighter against Kraken Futures+0.118%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$200.205% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.119%−$12 on $10k

Price spread, last 4 days (all we have)+0.181%+$18 · spread now +0.118%, 7d avg +0.012%

Together, before fees+0.061%+ Points / potential airdropLighter: Season 3 · farm board+$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.107% dearer against Kraken Futures than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5359	0.0016	pay 0.0002% / 1h	16m 43s	$14.1M	$72.7M	50x
Short	Lighter XRP	1.5377	0.0096	get 0.0012% / 1h	16m 43s	$2.8M	$14.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.118%Rate

Funding earned: $16.9
Price spread: +0.118% → +0.012%: $10.69
Slippage, 4 orders: −$10.47
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $7.12
Costs to cover: 0.205%
Break-even: 4.1 days

Slippage from Kraken Futures: live order book, 6 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 Kraken Futures live order book, 6 min ago	0.97 bp	8.5 bp −$9	11.4 bp −$114	21.6 bp −$2,161	43.9 bp −$22.0K
Sell Lighter live order book, 5 min ago	1.33 bp	1.6 bp −$2	5.0 bp −$50	14.9 bp −$1,490	36.6 bp −$18.3K

XRP on 50 exchanges

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	1.5357	−0.012%	$5K	$4K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5378	+0.128%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5358	−0.005%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5356	−0.016%	$249K	—	150x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0016%	1h	1.5359	long leg	$14.1M	$72.7M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.310%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5358	−0.005%	$9K	$2K	10x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5377	+0.118%	$2.8M	$14.5M	20x
Lighter RH XRP	+0.0096%	1h	1.5378	+0.125%	$605K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5379	+0.129%	$480K	$51K	50x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5376	+0.112%	$10K	$396K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5356	−0.020%	$1.0M	$5.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5376	+0.112%	$39.6M	$82.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5378	+0.125%	$589K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5375	+0.105%	$536.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5378	+0.125%	$363.1M	$901.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5377	+0.118%	$124.5M	$845.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5340	−0.123%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5387	+0.184%	$165K	$692K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5353	−0.040%	$1.6M	$25K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5378	+0.125%	$380.0M	$160.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5377	+0.118%	$314.6M	$917.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5376	+0.114%	$106.8M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5380	+0.138%	$272.5M	$360.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5377	+0.118%	—	$103.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5373	+0.095%	$5.1M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	−0.009%	$667K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5351	−0.051%	$1.1M	$31.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5391	+0.210%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5360	+0.008%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5355	−0.025%	$53K	$479K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5351	−0.051%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5354	−0.031%	$68K	$600K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5361	+0.014%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5354	−0.031%	$31K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5352	−0.044%	$50.1M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5359	+0.001%	$54.8M	$33.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5372	+0.088%	$2.1M	$5.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5367	+0.053%	$17K	$77K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5349	−0.061%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5357	−0.012%	$5.5M	$45.6M	50x	as long as short
Hyperliquid XRP	+0.0131%	1h	1.5390	+0.203%	$298.9M	$268.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0153%	8h	1.5365	+0.040%	$1.9M	$34.3M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0154% / S −0.0125%	1h	1.5361	+0.012%	$800K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0197%	1h	1.5367	+0.053%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5354	−0.031%	$23.8M	$79.3M	125x	as long as short
Reya XRPRUSDPERP	+0.0222%	1h	1.5350	−0.054%	$1.4M	$2K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5385	+0.170%	$513K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0464%	1h	1.5371	+0.079%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5350	−0.057%	$69K	$109K	15x	as long as short