Funding you earn now, next payment 08:00 UTC+0.0298%/8h= +32.7% APRnext payment +$0.37 per $10,000 · paid last 24h +0.117%
Price spread now: RISEx against Lighter+0.049%7-day average +0.035% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$14as in the Price arb table
costs, in and out, $10k−$160.158% of the position
Funding, last 4 days (all we have)+0.340%+$34 on $10k
+Price spread, last 4 days (all we have)−0.019%−$2 · spread now +0.049%, 7d avg +0.035%
=Together, before fees+0.321%+ Points / potential airdropLighter: Season 3 · farm board+$32 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5149 | 0.0096 | pay 0.0012% / 1h | 32m 10s | $2.8M | $15.1M | 20x |
| Short | RISEx XRP/USDC | 1.5157 | 0.0394 | get 0.0049% / 1h | 32m 10s | $521K | $806K | 10x |
Lighter XRP
RISEx XRP/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx 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
- $62.65
- Price spread: +0.049% → +0.035%
- $1.44
- Slippage, 4 orders
- −$9.77
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $48.32
- Costs to cover
- 0.158%
- Break-even
- 1.6 days
Slippage from Lighter: live order book, 6 min ago; RISEx: live order book, 6 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 | 1.19 bp | 1.2 bp −$1 | 3.5 bp −$35 | 14.8 bp −$1,480 | 37.5 bp −$18.8K |
| Sell RISEx live order book, 6 min ago | 2.90 bp | 5.9 bp −$6 | 10.6 bp −$106 | 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 | 1.5172 | +0.149% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5157 | +0.050% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5166 | +0.109% | $245K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5152 | +0.017% | $7.8M | $24.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.710% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5148 | −0.012% | $14.6M | $73.8M | 50x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5149 | long leg | $2.8M | $15.1M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5151 | +0.010% | $603K | $3.2M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5155 | +0.037% | $8K | $2K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5151 | +0.010% | $20K | $383K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter RH XRP
01 Exchange XRPUSD
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5147 | −0.019% | $1.0M | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5168 | +0.123% | $38.4M | $86.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5161 | +0.078% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5171 | +0.142% | $530.8M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5168 | +0.123% | $349.6M | $955.7M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5171 | +0.142% | $127.7M | $869.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5156 | +0.043% | $564K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5160 | +0.070% | $143K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.268% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5153 | +0.024% | $377.3M | $161.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5154 | +0.030% | $308.9M | $924.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5148 | −0.009% | $106.2M | $184.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5162 | +0.083% | $268.0M | $390.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5156 | +0.043% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5150 | +0.001% | $4.9M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5179 | +0.195% | $659K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5145 | −0.029% | $1.1M | $34.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5139 | −0.069% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5157 | +0.049% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5151 | +0.010% | $52K | $513K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5148 | −0.009% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5150 | +0.004% | $77K | $688K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5150 | +0.007% | $815K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5157 | +0.053% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5147 | −0.016% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5150 | +0.006% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5154 | +0.030% | $54.1M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5154 | +0.031% | $472K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0103% / S −0.0063% | 1h | 1.5152 | +0.020% | $782K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5144 | −0.036% | $2.1M | $6.9M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5168 | +0.123% | $17K | $78K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5145 | −0.029% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0125% | 1h | 1.5169 | +0.129% | $289.4M | $268.0M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0147% | 1h | 1.5170 | +0.136% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5150 | +0.004% | $5.6M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0186% | 8h | 1.5158 | +0.057% | $1.8M | $34.4M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5143 | −0.042% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5173 | +0.156% | $23.6M | $77.8M | 125x | as long as short |
| RISEx XRP/USDCshort | +0.0394% | 1h | 1.5157 | +0.049% | $521K | $806K | 10x | |
| Phoenix XRP | +0.0526% | 1h | 1.5150 | +0.004% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0644% | 1h | 1.5180 | +0.201% | $2K | $16K | 10x | as long as short |
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
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Hyperliquid XRP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Phoenix XRP
Aftermath Perps XRPUSD