XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.2% APRnext payment +$0.09 per $10,000 · paid last 24h −0.023%

Price spread now: Lighter RH against Kraken Futures+0.050%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$240.235% of the position

Long on Kraken Futures Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.116%−$12 on $10k

Price spread, last 4 days (all we have)+0.111%+$11 · spread now +0.050%, 7d avg +0.004%

Together, before fees−0.006%+ Points / potential airdropLighter RH: Points live · farm board−$1 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 RH is 0.046% dearer against Kraken Futures than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.004%. Mind the row above: over the last 7 days funding on this pair cost −0.116%, 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	1.5174	0.0022	pay 0.0003% / 1h	40m 15s	$14.4M	$74.2M	50x
Short	Lighter RH XRP	1.5182	0.0096	get 0.0012% / 1h	40m 15s	$498K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH 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 Lighter RHbpOrdersPrice spread, now +0.050%Rate

Funding earned: $15.64
Price spread: +0.050% → +0.004%: $4.63
Slippage, 4 orders: −$13.5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$3.23
Costs to cover: 0.235%
Break-even: 8.4 days

Slippage from Kraken Futures: 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 Kraken Futures live order book, 4 min ago	2.30 bp	9.8 bp −$10	11.6 bp −$116	19.0 bp −$1,903	36.8 bp −$18.4K
Sell Lighter RH live order book, 3 min ago	1.64 bp	2.7 bp −$3	4.8 bp −$48	40.1 bp −$4,012	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	1.5178	+0.024%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5177	+0.020%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5176	+0.010%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5179	+0.031%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0022%	1h	1.5174	long leg	$14.4M	$74.2M	50x
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.541%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0052% / S +0.0013%	1h	1.5176	+0.010%	$779K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5180	+0.036%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5182	+0.050%	$498K	$3.3M	20x
Katana Perps XRP-USD	+0.0098%	8h	1.5173	−0.009%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5176	+0.011%	$62K	$934K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5177	+0.016%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5176	+0.013%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5179	+0.031%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5179	+0.029%	$533.2M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5181	+0.044%	$345.9M	$942.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5181	+0.044%	$127.0M	$887.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5151	−0.154%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5181	+0.044%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.189%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5178	+0.024%	$370.4M	$154.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5181	+0.044%	$293.0M	$900.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5185	+0.068%	$108.9M	$176.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5175	+0.004%	$268.8M	$389.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5180	+0.037%	—	$127.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5173	−0.010%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5203	+0.189%	$661K	$109.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	+0.175%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5209	+0.228%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5179	+0.034%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	+0.064%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5178	+0.025%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	+0.038%	$817K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5182	+0.053%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5175	+0.004%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5179	+0.033%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5176	+0.011%	$54.1M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5177	+0.018%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5172	−0.015%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5175	+0.007%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5183	+0.057%	$8K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5182	+0.050%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5181	+0.041%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5176	+0.011%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5170	−0.028%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0279%	8h	1.5178	+0.024%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0281%	1h	1.5193	+0.123%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0318%	1h	1.5196	+0.143%	$292.1M	$235.4M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5183	+0.059%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5170	−0.029%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0669%	1h	1.5190	+0.102%	$2K	$15K	10x	as long as short