XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Arcus against Lighter+0.063%7-day average −0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$4as in the Price arb table

costs, in and out, $10k−$120.116% of the position

Long on Lighter Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.116%+$12 · spread now +0.063%, 7d avg −0.013%

Together, before fees+0.120%+ Points / potential airdropLighter: Season 3 · farm board+$12 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: Arcus is 0.076% dearer against Lighter than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5293	0.0096	pay 0.0012% / 1h	18m 47s	$2.8M	$14.7M	20x
Short	Arcus XRP-USD	1.5303	0.0100	get 0.0013% / 1h	18m 47s	$144K	$700K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Lighter. 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 LighterbpFee ArcusbpOrdersPrice spread, now +0.063%Rate

Funding earned: $0.84
Price spread: +0.063% → −0.013%: $7.63
Slippage, 4 orders: −$7.13
Fee Lighter: 0 bp × 2 orders: $0
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$3.15
Costs to cover: 0.116%
Break-even: 33.3 days

Slippage from Lighter: live order book, 10 min ago; Arcus: live order book, 15 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 Lighter live order book, 10 min ago	0.19 bp	1.8 bp −$2	6.4 bp −$64	15.6 bp −$1,560	40.1 bp −$20.0K
Sell Arcus live order book, 15 min ago	0.66 bp	5.6 bp −$6	9.4 bp −$94	29.6 bp −$2,963	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
Kraken Futures PF_XRPUSD	−0.0170%	1h	1.5291	−0.017%	$14.8M	$73.4M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5291	−0.016%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5280	−0.087%	$69K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5293	−0.004%	$248K	—	150x	as long as short
dYdX XRP-USD	+0.0007%	1h	1.5291	−0.017%	$1.1M	$140K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0012%	1h	1.5296	+0.017%	$7.8M	$22.8M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.743%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5289	−0.028%	$17K	$78K	7x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5292	−0.009%	$9K	$2K	10x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5293	long leg	$2.8M	$14.7M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5298	+0.030%	$622K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5288	−0.035%	$20K	$379K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5295	+0.014%	$1.0M	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5309	+0.104%	$38.8M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5292	−0.007%	$615K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5312	+0.121%	$533.8M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5309	+0.102%	$357.3M	$916.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5312	+0.122%	$126.9M	$841.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5302	+0.056%	$561K	$41K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5303	+0.063%	$144K	$700K	20x
Bulk XRP-USD	+0.0100%	1h	1.5141	−0.993%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5308	+0.096%	$375.7M	$155.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5311	+0.115%	$317.6M	$924.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5304	+0.068%	$107.8M	$180.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5313	+0.128%	$271.2M	$370.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5304	+0.069%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5309	+0.104%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5289	−0.031%	$667K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5295	+0.011%	$1.1M	$33.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5296	+0.017%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5299	+0.036%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5295	+0.011%	$52K	$504K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5295	+0.008%	$41K	$67K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5294	+0.004%	$78K	$647K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.940%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5294	+0.007%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5290	−0.022%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5297	+0.022%	$49.9M	$14.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5294	+0.004%	$54.4M	$33.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5302	+0.055%	$477K	$53K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5294	+0.002%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5291	−0.014%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0131% / S −0.0092%	1h	1.5286	−0.050%	$782K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5293	−0.002%	$5.3M	$47.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5300	+0.043%	$1.7M	$33.0M	2.9x	as long as short
Hyperliquid XRP	+0.0177%	1h	1.5326	+0.213%	$293.1M	$264.3M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0210%	1h	1.5307	+0.089%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5298	+0.030%	$23.8M	$77.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5290	−0.025%	$1.4M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5300	+0.042%	$524K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0524%	1h	1.5250	−0.281%	$3K	$16K	10x	as long as short