Funding you earn now, next payment 04:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%
Price spread now: Injective against Lighter+2.645%66s7-day average −0.184% · you sell dearer than you buy
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$970.968% of the position
Funding, last 7 days+0.180%+$18 on $10k
+Price spread, last 4 days (all we have)−3.572%−$357 · spread now +2.645%, 7d avg −0.184%
=Together, before fees−3.392%+ Points / potential airdropLighter: Season 3 · farm board−$339 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 2.829% dearer against Lighter than usual: you sell high and buy low (spread +2.645% now, against its 7-day average of −0.184%): +$283 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +0.180%, so the current rate has only just turned against you. The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5159 | 0.0096 | pay 0.0012% / 1h | 37m 58s | $2.8M | $14.6M | 20x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0033 | get 0.0004% / 1h | 37m 58s | $2K | $107K | 30x |
Lighter XRP
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Lighter. 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
- −$13.16
- Price spread: +2.645% → −0.184%
- $282.92
- Slippage, 4 orders
- −$96.81
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $172.93
- Costs to cover
- 0.968%
- Break-even
- from the start
Slippage from Lighter: live order book, 6 min ago; Injective: live order book, 21 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, 6 min ago | 1.67 bp | 1.7 bp −$2 | 7.8 bp −$78 | 23.0 bp −$2,296 | 42.2 bp −$21.1K |
| Sell Injective live order book, 21 min ago | 42.92 bp | 49.2 bp −$49 | 62.7 bp −$627 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5148 | −0.072% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0071% | 1h | 1.5159 | +0.002% | $14.3M | $73.8M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5146 | −0.086% | $1.1M | $114K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | −0.059% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5160 | +0.009% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5165 | +0.040% | $7.7M | $25.5M | 50x | as long as short |
| Injective XRP/USDC PERPshort | +0.0033% | 1h | 1.5560 | +2.645% | $2K | $107K | 30x | |
| GMX XRP/USD [ETH-USDC] | L +0.0040% / S +0.0030% | 1h | 1.5160 | +0.009% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5159 | 0.000% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0081% | 8h | 1.5163 | +0.026% | $62K | $935K | 50x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDCShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter XRPlong | +0.0096% | 1h | 1.5159 | long leg | $2.8M | $14.6M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5160 | +0.007% | $510K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0097% | 8h | 1.5153 | −0.040% | $10K | $324K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5164 | +0.036% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5168 | +0.059% | $281.6M | $225.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5165 | +0.042% | $38.4M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5149 | −0.064% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5164 | +0.034% | $534.3M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5162 | +0.020% | $345.0M | $931.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5161 | +0.013% | $125.9M | $875.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5175 | +0.106% | $563K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5107 | −0.343% | $113K | $717K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5146 | −0.087% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5158 | −0.007% | $370.0M | $153.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5159 | 0.000% | $289.8M | $897.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5156 | −0.018% | $108.0M | $173.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5163 | +0.026% | $267.9M | $384.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5158 | −0.007% | — | $126.6M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5148 | −0.074% | $5.4M | $37.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5151 | −0.052% | $658K | $108.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5180 | +0.139% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5149 | −0.066% | $1.2M | $1.1M | 50x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5163 | +0.026% | $44K | $453K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5161 | +0.015% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5166 | +0.044% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5165 | +0.041% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5161 | +0.013% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5159 | +0.002% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5158 | −0.007% | $54.1M | $30.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5148 | −0.073% | $472K | $55K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | +0.017% | — | $11K | 10x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5155 | −0.028% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5164 | +0.032% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0160% | 1h | 1.5152 | −0.044% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0164% | 1h | 1.5171 | +0.079% | $1.9M | $1.3M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5170 | +0.073% | $5.6M | $47.2M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0216% | 1h | 1.5161 | +0.014% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5141 | −0.119% | $24.1M | $76.0M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0315% | 8h | 1.5152 | −0.046% | $2.1M | $34.5M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0352% | 1h | 1.5159 | −0.002% | $516K | $779K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0658% | 1h | 1.5155 | −0.024% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
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
Vest XRP-PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD