Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Lighter+0.005%7-day average −0.018% · 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−$10as in the Price arb table
costs, in and out, $10k−$120.121% of the position
Funding, last 3 days (all we have)−0.004%$0 on $10k
+Price spread, last 3 days (all we have)−0.089%−$9 · spread now +0.005%, 7d avg −0.018%
=Together, before fees−0.094%+ Points / potential airdropLighter: Season 3 · farm board−$9 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: SoDEX is 0.023% dearer against Lighter than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter XRP | 1.5336 | 0.0096 | pay 0.0012% / 1h | 13m 57s | $3.0M | $13.3M | 20x |
| Short | SoDEX XRP-USD | 1.5337 | 0.0100 | get 0.0013% / 1h | 13m 57s | $32K | $1.8M | 10x |
Lighter XRP
SoDEX XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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: +0.005% → −0.018%
- $2.29
- Slippage, 4 orders
- −$4.06
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$8.93
- Costs to cover
- 0.121%
- Break-even
- 81.4 days
Slippage from Lighter: live order book, 5 min ago; SoDEX: live order book, 5 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, 5 min ago | 0.11 bp | 2.5 bp −$2 | 8.4 bp −$84 | 19.5 bp −$1,947 | 39.8 bp −$19.9K |
| Sell SoDEX live order book, 5 min ago | 0.32 bp | 4.3 bp −$4 | 6.7 bp −$67 | 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 | 1.5339 | +0.018% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5335 | −0.009% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5370 | +0.220% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5336 | −0.001% | $266K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0005% / S +0.0094% | 1h | 1.5336 | −0.003% | $843K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5339 | +0.018% | $9.4M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5336 | 0.000% | $14.9M | $69.8M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0060% | 8h | 1.5338 | +0.011% | $75K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.459% | $2K | $107K | 30x | as long as short |
| Lighter XRPlong | +0.0096% | 1h | 1.5336 | long leg | $3.0M | $13.3M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5338 | +0.011% | $486K | $3.2M | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5336 | +0.001% | $1.1M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5334 | −0.018% | $38.8M | $81.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5339 | +0.018% | $631K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5336 | −0.002% | $544.9M | $2.05B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5335 | −0.008% | $341.7M | $925.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5335 | −0.008% | $125.2M | $879.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5350 | +0.089% | $571K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5337 | +0.005% | $116K | $756K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5373 | +0.236% | $1.7M | $571K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5332 | −0.028% | $360.8M | $148.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5333 | −0.022% | $297.0M | $891.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5334 | −0.013% | $109.7M | $165.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5336 | −0.002% | $267.6M | $376.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5336 | −0.002% | — | $122.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5350 | +0.091% | $11.4M | $30.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5344 | +0.048% | $666K | $105.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5353 | +0.109% | $1.1M | $40.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5336 | −0.002% | $1.0M | $901K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5336 | 0.000% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5335 | −0.008% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5339 | +0.021% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5339 | +0.016% | $826K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5345 | +0.057% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USDshort | +0.0100% | 1h | 1.5337 | +0.005% | $32K | $1.8M | 10x | |
| HTX XRP-USDT | +0.0100% | 8h | 1.5328 | −0.055% | $50.3M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5335 | −0.008% | $54.6M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5341 | +0.029% | $478K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5334 | −0.015% | $10K | $270K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5333 | −0.024% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5332 | −0.028% | $71K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5338 | +0.011% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5331 | −0.035% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5345 | +0.057% | $24.2M | $74.7M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5342 | +0.037% | $5.8M | $47.1M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0253% | 1h | 1.5341 | +0.031% | $1.7M | $1.0M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0288% | 1h | 1.5353 | +0.111% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0310% | 8h | 1.5348 | +0.076% | $2.0M | $34.5M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0579% | 1h | 1.5351 | +0.096% | $291.6M | $214.9M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5338 | +0.009% | $499K | $705K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0790% | 1h | 1.5358 | +0.143% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
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-USDT
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
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD