Funding you earn now, next payment 01:00 UTC+0.0211%/8h= +23.1% APRnext payment +$0.26 per $10,000 · paid last 24h +0.020%
Price spread now: Backpack against Lighter RH−0.059%7-day average −0.056% · you buy dearer than you sell
Net, funding: paid 7d − costs−$2as in the Funding arb table
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$160.156% of the position
Funding, last 7 days+0.137%+$14 on $10k
+Price spread, last 7 days−0.728%−$73 · spread now −0.059%, 7d avg −0.056%
=Together, before fees−0.592%+ Points / potential airdropLighter RH: Points live · farm board−$59 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.137% in total (about 7.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XRP | 1.5331 | 0.0096 | pay 0.0012% / 1h | 4m 23s | $514K | $3.3M | 20x |
| Short | Backpack XRP_USDC_PERP | 1.5322 | 0.0307 | get 0.0038% / 1h | 4m 23s | $1.9M | $1.3M | 25x |
Lighter RH XRP
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Lighter RH. 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
- $44.27
- Price spread: −0.059% → −0.056%
- −$0.26
- Slippage, 4 orders
- −$5.6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $28.41
- Costs to cover
- 0.156%
- Break-even
- 2.5 days
Slippage from Lighter RH: live order book, 4 min ago; Backpack: 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 RH live order book, 4 min ago | 1.95 bp | 3.0 bp −$3 | 6.7 bp −$67 | 41.0 bp −$4,100 | doesn't fit |
| Sell Backpack live order book, 5 min ago | 0.33 bp | 5.3 bp −$5 | 6.4 bp −$64 | 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 | 1.5323 | −0.052% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5322 | −0.057% | $1.1M | $115K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5310 | −0.137% | $256K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0019% / S +0.0071% | 1h | 1.5309 | −0.142% | $840K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.494% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0065% | 8h | 1.5306 | −0.163% | $58K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5315 | −0.104% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0076% | 1h | 1.5319 | −0.078% | $9.3M | $24.9M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5324 | −0.047% | $2.8M | $14.1M | 20x | as long as short |
| Lighter RH XRPlong | +0.0096% | 1h | 1.5331 | long leg | $514K | $3.3M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5318 | −0.085% | $9K | $281K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5327 | −0.024% | $478K | $55K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5317 | −0.088% | $1.0M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5319 | −0.078% | $38.7M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5322 | −0.059% | $630K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5312 | −0.121% | $541.0M | $2.05B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5313 | −0.117% | $341.7M | $919.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5307 | −0.157% | $124.3M | $866.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5351 | +0.130% | $571K | $42K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5322 | −0.059% | $116K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5350 | +0.122% | $1.7M | $327K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5313 | −0.117% | $374.1M | $152.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5314 | −0.111% | $303.8M | $916.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5313 | −0.117% | $110.9M | $167.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5315 | −0.104% | $268.7M | $375.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5314 | −0.111% | — | $124.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5315 | −0.107% | $6.5M | $35.6M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5348 | +0.112% | $666K | $106.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5355 | +0.157% | $1.1M | $37.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5390 | +0.385% | $1.2M | $997K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5315 | −0.103% | — | $9K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5319 | −0.078% | $47K | $446K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5313 | −0.115% | $41K | $67K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5320 | −0.069% | $825K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5318 | −0.082% | $128K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5318 | −0.085% | $30K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5315 | −0.104% | $50.2M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5314 | −0.111% | $54.4M | $29.6M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5315 | −0.102% | $2.1M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5315 | −0.101% | $59K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5312 | −0.123% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5315 | −0.104% | $24.1M | $73.8M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5322 | −0.059% | $5.7M | $46.5M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0244% | 1h | 1.5316 | −0.100% | $14.5M | $70.3M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0304% | 1h | 1.5317 | −0.093% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0307% | 1h | 1.5322 | −0.059% | $1.9M | $1.3M | 25x | |
| Kalshi KXXRPPERP | +0.0323% | 8h | 1.5319 | −0.078% | $2.0M | $34.7M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0370% | 1h | 1.5328 | −0.020% | $289.3M | $215.0M | 20x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5330 | −0.007% | $68K | $110K | 15x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5325 | −0.040% | $542K | $775K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0846% | 1h | 1.5337 | +0.042% | $2K | $13K | 10x | as long as short |
Katana Perps XRP-USD
Paradex XRP-USD-PERP
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
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
Phoenix XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD