XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.028%

Price spread now: Coinbase International against Lighter−0.014%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$190.188% of the position

Long on Lighter Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.086%+$9 on $10k

Price spread, last 3 days (all we have)+0.003%$0 · spread now −0.014%, 7d avg +0.016%

Together, before fees+0.089%+ Points / potential airdropLighter: Season 3 · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.030% cheaper against Lighter than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.016%). If the spread goes back, that is −$3 on $10k: about 20 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.086% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5127	0.0096	pay 0.0012% / 1h	15m 46s	$2.8M	$14.3M	20x
Short	Coinbase International XRP-PERP-INTX	1.5125	0.0216	get 0.0027% / 1h	15m 46s	$5.7M	$46.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.014%Rate

Funding earned: $25.2
Price spread: −0.014% → +0.016%: −$3
Slippage, 4 orders: −$8.83
Fee Lighter: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $3.37
Costs to cover: 0.188%
Break-even: 6.1 days

Slippage from Lighter: live order book, 8 min ago; Coinbase International: 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 Lighter live order book, 8 min ago	1.87 bp	2.0 bp −$2	4.5 bp −$45	17.3 bp −$1,732	39.2 bp −$19.6K
Sell Coinbase International live order book, 3 min ago	0.33 bp	7.5 bp −$7	10.3 bp −$103	23.5 bp −$2,350	doesn't fit

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	1.5131	+0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5121	−0.040%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.218%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5118	−0.057%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5120	−0.047%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.862%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5119	−0.051%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5122	−0.033%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5123	−0.027%	$7.6M	$25.3M	50x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5127	long leg	$2.8M	$14.3M	20x

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5127	0.000%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5118	−0.060%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5120	−0.043%	$932K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5120	−0.049%	$38.3M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5128	+0.007%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5129	+0.013%	$536.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5129	+0.013%	$340.6M	$940.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5130	+0.019%	$124.1M	$871.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	+0.019%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5132	+0.033%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5125	−0.017%	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5122	−0.033%	$367.8M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5129	+0.013%	$290.7M	$916.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5125	−0.012%	$106.9M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5127	0.000%	$266.5M	$384.7M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5130	+0.019%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5120	−0.049%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	+0.045%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.168%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	+0.046%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.017%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5130	+0.019%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	+0.010%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5125	−0.013%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5133	+0.039%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	−0.040%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5122	−0.035%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5124	−0.020%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.016%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5113	−0.094%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5122	−0.033%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5128	+0.006%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0184%	1h	1.5135	+0.052%	$280.1M	$222.3M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5125	−0.014%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0216%	1h	1.5125	−0.014%	$5.7M	$46.6M	50x
Hibachi XRP/USDT-P	+0.0320%	1h	1.5128	+0.004%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5129	+0.013%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5131	+0.026%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5133	+0.040%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5144	+0.111%	$2K	$14K	10x	as long as short