XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.084%

Price spread now: GMX against Lighter−0.112%7-day average +0.009% · you buy dearer than you sell

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

Long on Lighter Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.246%−$25 on $10k

Price spread, last 4 days (all we have)+0.150%+$15 · spread now −0.112%, 7d avg +0.009%

Together, before fees−0.096%+ Points / potential airdropLighter: Season 3 · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and GMX is 0.122% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.009%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5221	0.0096	pay 0.0012% / 1h	26m 38s	$2.8M	$15.1M	20x
Short	GMX XRP/USD [ETH-USDC]	1.5204	L +0.0085% / S −0.0035%	get 0.0004% / 1h	26m 38s	$802K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$12.87
Price spread: −0.112% → +0.009%: −$12.19
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee GMX: 6 bp × 2 orders: −$12
Net: −$37.06
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 12 min ago; GMX: 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, 12 min ago	1.10 bp	1.1 bp −$1	4.4 bp −$44	12.9 bp −$1,289	34.2 bp −$17.1K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	1.5214	−0.049%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5204	−0.116%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	−0.338%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5172	−0.328%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5209	−0.079%	$14.4M	$74.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.224%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5213	−0.056%	$7.7M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0085% / S −0.0035%	1h	1.5204	−0.112%	$802K	—	200x
Lighter XRPlong	+0.0096%	1h	1.5221	long leg	$2.8M	$15.1M	20x
Lighter RH XRP	+0.0096%	1h	1.5222	+0.004%	$547K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5219	−0.016%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5210	−0.079%	$981K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5220	−0.011%	$38.6M	$87.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5223	+0.009%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5223	+0.007%	$534.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5220	−0.010%	$346.9M	$962.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5223	+0.010%	$127.6M	$886.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5198	−0.154%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5234	+0.082%	$144K	$715K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5221	−0.003%	$377.8M	$160.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5223	+0.010%	$305.1M	$926.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5217	−0.028%	$107.8M	$181.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5223	+0.010%	$268.4M	$397.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5224	+0.017%	—	$105.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5158	−0.418%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5165	−0.374%	$659K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5162	−0.391%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5169	−0.345%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	−0.116%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5212	−0.062%	$47K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5206	−0.104%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5210	−0.075%	$65K	$773K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5148	−0.480%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5216	−0.035%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5211	−0.069%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5206	−0.100%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5206	−0.102%	$54.5M	$32.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5157	−0.423%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5231	+0.062%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5219	−0.017%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5234	+0.082%	$9K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5210	−0.075%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5172	−0.326%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5215	−0.042%	$5.7M	$48.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0182%	1h	1.5221	−0.003%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0196%	1h	1.5229	+0.050%	$289.5M	$265.0M	20x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5205	−0.108%	$1.8M	$35.2M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5156	−0.428%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5205	−0.108%	$23.7M	$78.1M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5213	−0.059%	$531K	$800K	10x	as long as short
Aftermath Perps XRPUSD	+0.0602%	1h	1.5174	−0.313%	$2K	$16K	10x	as long as short