Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against KuCoin+0.013%7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$210.211% of the position
Funding, last 7 days−0.015%−$1 on $10k
+Price spread, last 7 days−0.002%$0 · spread now +0.013%, 7d avg −0.008%
=Together, before fees−0.017%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.021% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.008%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin XRPUSDTM | 1.5152 | 0.0100 | pay 0.0100% / 8h | 6h 34m | $106.8M | $171.9M | 75x |
| Short | Lighter XRP | 1.5154 | 0.0096 | get 0.0012% / 1h | 34m 11s | $2.8M | $14.1M | 20x |
KuCoin XRPUSDTM
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against KuCoin. 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
- −$0.84
- Price spread: +0.013% → −0.008%
- $2.1
- Slippage, 4 orders
- −$9.07
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$19.81
- Costs to cover
- 0.211%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 10 min ago; Lighter: live order book, 4 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 KuCoin live order book, 10 min ago | 0.10 bp | 6.3 bp −$6 | 11.6 bp −$116 | 35.9 bp −$3,585 | doesn't fit |
| Sell Lighter live order book, 4 min ago | 1.79 bp | 1.8 bp −$2 | 5.4 bp −$54 | 14.0 bp −$1,396 | 32.3 bp −$16.1K |
XRP on 50 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 | 1.5139 | −0.086% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5143 | −0.061% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5100 | −0.343% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5149 | −0.018% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0019% / S +0.0062% | 1h | 1.5148 | −0.025% | $802K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.693% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5154 | +0.013% | $14.6M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0071% | 8h | 1.5155 | +0.020% | $59K | $949K | 50x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5154 | +0.013% | $2.8M | $14.1M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5160 | +0.053% | $518K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter RH XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5137 | −0.099% | $11K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5153 | +0.010% | $816K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5154 | +0.016% | $38.5M | $84.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5147 | −0.033% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5160 | +0.053% | $538.4M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5161 | +0.059% | $340.9M | $942.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5163 | +0.073% | $124.0M | $873.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5069 | −0.548% | $561K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5152 | 0.000% | $115K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5101 | −0.337% | $1.6M | $307K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5160 | +0.053% | $367.6M | $151.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5159 | +0.046% | $291.6M | $908.6M | 300x | as long as short |
| KuCoin XRPUSDTMlong | +0.0100% | 8h | 1.5152 | long leg | $106.8M | $171.9M | 75x | |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5159 | +0.046% | $266.2M | $385.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5155 | +0.020% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5126 | −0.171% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5093 | −0.389% | $655K | $108.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5084 | −0.451% | $1.1M | $38.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5107 | −0.297% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5149 | −0.017% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5156 | +0.026% | $44K | $446K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5155 | +0.020% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5157 | +0.031% | $816K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5160 | +0.053% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5154 | +0.013% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5156 | +0.027% | $49.7M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5157 | +0.033% | $53.9M | $29.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5147 | −0.036% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5147 | −0.030% | $2.0M | $7.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5150 | −0.016% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5146 | −0.040% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0146% | 1h | 1.5153 | +0.007% | $7.7M | $25.3M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5152 | −0.003% | $1.3M | $7K | 15x | as long as short |
| Hyperliquid XRP | +0.0215% | 1h | 1.5171 | +0.125% | $281.1M | $222.1M | 20x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5160 | +0.053% | $5.7M | $46.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5128 | −0.157% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0346% | 8h | 1.5152 | 0.000% | $2.1M | $36.1M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0349% | 1h | 1.5169 | +0.112% | $1.9M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5153 | +0.007% | $537K | $783K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0793% | 1h | 1.5126 | −0.171% | $2K | $14K | 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
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Reya XRPRUSDPERP
Hyperliquid XRP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD