XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Bullet against Lighter−0.079%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.079% cheaper against Lighter than usual: you would sell low and buy high, −$8 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5154	0.0096	pay 0.0012% / 1h	10m 49s	$2.8M	$15.1M	20x
Short	Bullet XRP-USD	1.5142	0.0100	get 0.0013% / 1h	10m 49s	$41K	$70K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.079%Rate

Funding earned: $0.84
Price spread: −0.079% → 0.000%: −$7.88
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$15.04
Costs to cover: 0.080%
Break-even: 132.3 days

Slippage unknown: Lighter: live order book, 8 min ago; Bullet: no order-book sample. Net counts fees only.

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, 8 min ago	0.73 bp	0.7 bp −$1	3.9 bp −$39	12.9 bp −$1,288	33.2 bp −$16.6K
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hotstuff XRP-PERP	−0.0080%	1h	1.5099	−0.363%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5149	−0.030%	$14.2M	$74.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5152	−0.016%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.422%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	−0.074%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.679%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S −0.0017%	1h	1.5141	−0.089%	$799K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5152	−0.013%	$7.8M	$25.4M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5145	−0.059%	$8K	$8K	10x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5154	long leg	$2.8M	$15.1M	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	1.5155	+0.007%	$548K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5136	−0.119%	$10K	$361K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5138	−0.102%	$983K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5155	+0.007%	$38.5M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5143	−0.073%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5156	+0.011%	$527.4M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5152	−0.013%	$344.2M	$966.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5153	−0.006%	$126.5M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5137	−0.112%	$563K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5148	−0.039%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.146%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5149	−0.033%	$372.3M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	−0.039%	$296.8M	$926.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5146	−0.055%	$106.9M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5150	−0.026%	$266.2M	$398.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5150	−0.026%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	−0.073%	$4.6M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5116	−0.247%	$656K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.435%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5129	−0.165%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5146	−0.051%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5151	−0.020%	$51K	$488K	20x	as long as short
Bullet XRP-USDshort	+0.0100%	1h	1.5142	−0.079%	$41K	$70K	20x
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5143	−0.072%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	−0.049%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5154	+0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	−0.039%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	−0.031%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	−0.086%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	−0.013%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	−0.084%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.061%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0137%	1h	1.5166	+0.079%	$289.7M	$262.7M	20x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5130	−0.158%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5151	−0.020%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5155	+0.007%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0213%	8h	1.5148	−0.039%	$1.7M	$35.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5145	−0.058%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5145	−0.059%	$23.2M	$77.4M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5148	−0.038%	$520K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0591%	1h	1.5103	−0.338%	$2K	$16K	10x	as long as short