XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRnext payment +$0.10 per $10,000 · paid last 24h +0.032%

Price spread now: Coinbase International against Lighter RH+0.040%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$210.209% of the position

Long on Lighter RH Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.099%+$10 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.040%, 7d avg +0.016%

Together, before fees+0.021%+ Points / potential airdropLighter RH: Points live · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.024% dearer against Lighter RH than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5124	0.0096	pay 0.0012% / 1h	51m 19s	$545K	$3.2M	20x
Short	Coinbase International XRP-PERP-INTX	1.5130	0.0176	get 0.0022% / 1h	51m 19s	$5.7M	$48.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 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 Lighter RHbpFee Coinbase InternationalbpOrdersPrice spread, now +0.040%Rate

Funding earned: $16.8
Price spread: +0.040% → +0.016%: $2.36
Slippage, 4 orders: −$10.88
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$1.72
Costs to cover: 0.209%
Break-even: 7.7 days

Slippage from Lighter RH: live order book, 2 min ago; Coinbase International: live order book, 3 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, 2 min ago	1.32 bp	3.6 bp −$4	5.2 bp −$52	41.6 bp −$4,155	doesn't fit
Sell Coinbase International live order book, 3 min ago	0.33 bp	6.9 bp −$7	9.8 bp −$98	26.6 bp −$2,665	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	1.5125	+0.007%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5122	−0.010%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.106%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	+0.054%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5134	+0.063%	$14.4M	$75.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.883%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5126	+0.013%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0078% / S −0.0025%	1h	1.5133	+0.056%	$797K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5136	+0.079%	$7.7M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5123	−0.008%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRPlong	+0.0096%	1h	1.5124	long leg	$545K	$3.2M	20x
Katana Perps XRP-USD	+0.0099%	8h	1.5119	−0.033%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5122	−0.014%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5132	+0.053%	$38.4M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5124	+0.001%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5133	+0.061%	$527.9M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5131	+0.046%	$344.0M	$967.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5133	+0.060%	$127.0M	$890.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5129	+0.033%	$563K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5127	+0.020%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5129	+0.032%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5132	+0.053%	$372.2M	$158.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5133	+0.060%	$298.4M	$917.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5133	+0.061%	$107.2M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5130	+0.040%	$266.4M	$399.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5131	+0.046%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5135	+0.072%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.114%	$658K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5155	+0.205%	$1.1M	$36.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5146	+0.145%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5132	+0.051%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	+0.079%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5134	+0.066%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5131	+0.046%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5132	+0.050%	$814K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5134	+0.067%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5133	+0.060%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5151	+0.179%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5128	+0.026%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5127	+0.019%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5126	+0.016%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5131	+0.043%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0155%	1h	1.5131	+0.046%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5125	+0.005%	$17K	$82K	7x	as long as short
Hyperliquid XRP	+0.0169%	1h	1.5143	+0.126%	$288.8M	$264.1M	20x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0176%	1h	1.5130	+0.040%	$5.7M	$48.2M	50x
Reya XRPRUSDPERP	+0.0219%	1h	1.5130	+0.042%	$1.3M	$5K	15x	as long as short
Kalshi KXXRPPERP	+0.0219%	8h	1.5148	+0.159%	$1.8M	$35.4M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5145	+0.139%	$23.5M	$77.7M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5127	+0.022%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0562%	1h	1.5143	+0.126%	$2K	$16K	10x	as long as short