XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0126%/8h= +13.8% APRnext payment +$0.16 per $10,000 · paid last 24h +0.034%

Price spread now: Reya against Lighter−0.258%7-day average −0.027% · you buy dearer than you sell

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

Long on Lighter Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.121%+$12 on $10k

Price spread, last 7 days+0.254%+$25 · spread now −0.258%, 7d avg −0.027%

Together, before fees+0.375%+ Points / potential airdropLighter: Season 3 · Reya: Active · farm board+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.231% cheaper against Lighter than usual: you would sell low and buy high (spread −0.258% now, against its 7-day average of −0.027%). If the spread goes back, that is −$23 on $10k: about 6.1 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter XRP	1.5387	0.0096	pay 0.0012% / 1h	55m 22s	$2.8M	$14.4M	20x
Short	Reya XRPRUSDPERP	1.5347	0.0222	get 0.0028% / 1h	55m 22s	$1.4M	$4K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.258%Rate

Funding earned: $26.4
Price spread: −0.258% → −0.027%: −$23.13
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2.73
Costs to cover: 0.060%
Break-even: 7.7 days

Slippage unknown: Lighter: live order book, 8 min ago; Reya: 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, 8 min ago	1.27 bp	2.2 bp −$2	7.4 bp −$74	18.2 bp −$1,816	38.0 bp −$19.0K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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	1.5396	+0.057%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5378	−0.061%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.278%	$69K	$109K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5353	−0.222%	$7.9M	$22.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5479	+0.594%	$251K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0016%	1h	1.5354	−0.215%	$14.0M	$73.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.123%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5439	+0.337%	$17K	$78K	7x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5387	long leg	$2.8M	$14.4M	20x
Lighter RH XRP	+0.0096%	1h	1.5384	−0.021%	$619K	$3.1M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5348	−0.254%	$17K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5373	−0.095%	$479K	$51K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5354	−0.212%	$989K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5353	−0.222%	$39.0M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5379	−0.054%	$608K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5352	−0.229%	$535.6M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5357	−0.196%	$356.8M	$907.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5350	−0.242%	$125.3M	$849.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5434	+0.304%	$567K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5356	−0.203%	$166K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5425	+0.243%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5351	−0.235%	$383.6M	$155.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5350	−0.242%	$304.8M	$896.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5351	−0.234%	$109.1M	$180.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5351	−0.235%	$271.6M	$361.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5352	−0.229%	—	$106.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5429	+0.275%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5432	+0.292%	$672K	$113.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5452	+0.424%	$1.1M	$32.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5438	+0.330%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5374	−0.087%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	−0.267%	$52K	$480K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5351	−0.235%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5359	−0.183%	$78K	$623K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5354	−0.217%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5353	−0.222%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5426	+0.252%	$50.3M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5423	+0.233%	$54.8M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5349	−0.248%	$2.1M	$5.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5371	−0.105%	$59K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5347	−0.261%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5353	−0.222%	$5.4M	$46.4M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0145% / S −0.0113%	1h	1.5348	−0.257%	$822K	—	200x	as long as short
Kalshi KXXRPPERP	+0.0170%	8h	1.5451	+0.415%	$1.7M	$32.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0190%	1h	1.5428	+0.265%	$2.0M	$1.3M	25x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5360	−0.177%	$295.7M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5443	+0.363%	$23.8M	$79.4M	125x	as long as short
Reya XRPRUSDPERPshort	+0.0222%	1h	1.5347	−0.258%	$1.4M	$4K	15x
RISEx XRP/USDC	+0.0272%	1h	1.5355	−0.208%	$513K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0496%	1h	1.5446	+0.384%	$3K	$15K	10x	as long as short