XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%

Price spread now: Pacifica against Lighter+0.021%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$14as in the Price arb table

costs, in and out, $10k−$160.160% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.084%+$8 on $10k

Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.021%, 7d avg +0.004%

Together, before fees+0.081%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$8 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5346	0.0096	pay 0.0012% / 1h	26m 42s	$2.8M	$14.0M	20x
Short	Pacifica XRP	1.5350	0.0100	get 0.0013% / 1h	26m 42s	$621K	$1.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.021%Rate

Funding earned: $0.84
Price spread: +0.021% → +0.004%: $1.75
Slippage, 4 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.41
Costs to cover: 0.160%
Break-even: 118.7 days

Slippage from Lighter: live order book, 7 min ago; Pacifica: live order book, 2 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, 7 min ago	1.43 bp	3.4 bp −$3	7.8 bp −$78	15.6 bp −$1,559	37.5 bp −$18.8K
Sell Pacifica live order book, 2 min ago	1.30 bp	5.9 bp −$6	doesn't fit	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	1.5340	−0.041%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5347	+0.004%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5334	−0.080%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0079%	1h	1.5333	−0.086%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.392%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5339	−0.048%	$58K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5340	−0.041%	$9.3M	$25.1M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5342	−0.028%	$8K	$8K	10x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5346	long leg	$2.8M	$14.0M	20x
Lighter RH XRP	+0.0096%	1h	1.5344	−0.015%	$515K	$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	+0.0100%	8h	1.5342	−0.028%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5360	+0.089%	$479K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5340	−0.038%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	−0.082%	$38.7M	$83.3M	100x	as long as short
Pacifica XRPshort	+0.0100%	1h	1.5350	+0.021%	$621K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5349	+0.018%	$541.4M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5352	+0.037%	$342.4M	$919.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5356	+0.063%	$125.0M	$868.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	−0.009%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5339	−0.048%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.078%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5333	−0.087%	$374.2M	$149.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5347	+0.004%	$311.4M	$904.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5353	+0.047%	$108.9M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5338	−0.054%	$268.4M	$374.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5333	−0.087%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	−0.119%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5322	−0.159%	$665K	$107.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5334	−0.080%	$1.1M	$38.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5331	−0.100%	$1.2M	$996K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5347	+0.004%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5340	−0.041%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5341	−0.035%	$826K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5349	+0.017%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5338	−0.054%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5346	−0.002%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5338	−0.054%	$54.6M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5338	−0.056%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5328	−0.118%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5338	−0.054%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5340	−0.039%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5341	−0.035%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5344	−0.015%	$5.8M	$46.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5338	−0.055%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5344	−0.015%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0309%	8h	1.5343	−0.022%	$2.1M	$34.8M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5337	−0.060%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0395%	1h	1.5352	+0.037%	$290.0M	$214.7M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5340	−0.041%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0805%	1h	1.5335	−0.073%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5345	−0.010%	$507K	$754K	10x	as long as short