Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.008%
Price spread now: Orderly against Lighter+0.036%7-day average −0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.002%$0 on $10k
+Price spread, last 4 days (all we have)−0.097%−$10 · spread now +0.036%, 7d avg −0.021%
=Together, before fees−0.099%+ Points / potential airdropLighter: Season 3 · farm board−$10 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: Orderly is 0.057% dearer against Lighter than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5192 | 0.0096 | pay 0.0012% / 1h | 58m 18s | $2.8M | $15.0M | 20x |
| Short | Orderly PERP_XRP_USDC | 1.5197 | 0.0100 | get 0.0100% / 8h | 58m 18s | $75K | $686K | 50x |
Lighter XRP
Orderly PERP_XRP_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly 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
- $0.84
- Price spread: +0.036% → −0.021%
- $5.75
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $0.59
- Costs to cover
- 0.060%
- Break-even
- 2.1 days
Slippage unknown: Lighter: live order book, 5 min ago; Orderly: 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, 5 min ago | 2.63 bp | 2.7 bp −$3 | 5.8 bp −$58 | 13.4 bp −$1,343 | 33.6 bp −$16.8K |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | 1.5195 | +0.023% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5195 | +0.020% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5220 | +0.187% | $68K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5192 | +0.003% | $246K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5196 | +0.029% | $7.8M | $24.4M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.425% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5191 | −0.005% | $14.5M | $74.3M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0094% / S −0.0051% | 1h | 1.5193 | +0.007% | $784K | — | 200x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5192 | long leg | $2.8M | $15.0M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5191 | −0.003% | $545K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5185 | −0.043% | $10K | $370K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5192 | 0.000% | $1.0M | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5194 | +0.018% | $38.5M | $87.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5191 | −0.002% | $613K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5195 | +0.022% | $532.2M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5191 | −0.003% | $348.4M | $959.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5192 | +0.003% | $129.4M | $882.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5196 | +0.029% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5197 | +0.036% | $144K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5195 | +0.026% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5191 | −0.003% | $378.8M | $159.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5191 | −0.003% | $312.0M | $915.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5189 | −0.020% | $107.1M | $183.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5190 | −0.010% | $268.6M | $395.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5191 | −0.003% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5187 | −0.031% | $4.8M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5204 | +0.084% | $661K | $114.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5196 | +0.029% | $1.1M | $35.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5208 | +0.108% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5196 | +0.027% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5190 | −0.010% | $50K | $510K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5196 | +0.028% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDCshort | +0.0100% | 8h | 1.5197 | +0.036% | $75K | $686K | 50x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5224 | +0.214% | $819K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5194 | +0.014% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5193 | +0.010% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5196 | +0.030% | $49.6M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5196 | +0.029% | $54.3M | $32.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5194 | +0.017% | $474K | $55K | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0101% | 1h | 1.5199 | +0.049% | $2.0M | $1.4M | 25x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5187 | −0.027% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5192 | +0.004% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0128% | 1h | 1.5193 | +0.007% | $17K | $79K | 7x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5195 | +0.023% | $8K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5196 | +0.029% | $5.6M | $48.2M | 50x | as long as short |
| Hyperliquid XRP | +0.0195% | 1h | 1.5203 | +0.076% | $289.6M | $267.1M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0215% | 8h | 1.5202 | +0.069% | $1.8M | $34.7M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5185 | −0.043% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5193 | +0.010% | $23.7M | $77.9M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5195 | +0.025% | $528K | $806K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0700% | 1h | 1.5209 | +0.115% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
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
Backpack XRP_USDC_PERP
Extended XRP-USD
Aevo XRP-PERP
Hibachi XRP/USDT-P
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD