Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%
Price spread now: Derive against Lighter RH−0.116%7-day average −0.007% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.110%+$11 on $10k
+Price spread, last 3 days (all we have)+0.028%+$3 · spread now −0.116%, 7d avg −0.007%
=Together, before fees+0.137%+ Points / potential airdropLighter RH: Points live · farm board+$14 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: Derive is 0.109% cheaper against Lighter RH than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.007%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XRP | 1.5103 | 0.0096 | pay 0.0012% / 1h | 39m 47s | $516K | $3.3M | 20x |
| Short | Derive XRP-PERP | 1.5085 | 0.0100 | get 0.0013% / 1h | 39m 47s | $812K | $74K | 10x |
Lighter RH XRP
Derive XRP-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- $0.84
- Price spread: −0.116% → −0.007%
- −$10.92
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$16.08
- Costs to cover
- 0.060%
- Break-even
- 141.0 days
Slippage unknown: Lighter RH: live order book, 3 min ago; Derive: 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 RH live order book, 3 min ago | 1.99 bp | 2.7 bp −$3 | 7.5 bp −$75 | 44.5 bp −$4,447 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 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 | 1.5060 | −0.285% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5091 | −0.077% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5110 | +0.046% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5062 | −0.274% | $251K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0024% / S +0.0064% | 1h | 1.5056 | −0.311% | $825K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.026% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5095 | −0.056% | $14.5M | $72.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0069% | 8h | 1.5079 | −0.159% | $57K | $945K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5100 | −0.023% | $2.8M | $14.1M | 20x | as long as short |
| Lighter RH XRPlong | +0.0096% | 1h | 1.5103 | long leg | $516K | $3.3M | 20x |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
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 | 1.5060 | −0.285% | $10K | $306K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5048 | −0.361% | $794K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5095 | −0.053% | $38.4M | $84.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5102 | −0.006% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5105 | +0.013% | $534.8M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5094 | −0.060% | $336.5M | $942.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5095 | −0.053% | $123.8M | $869.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5098 | −0.033% | $562K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5089 | −0.093% | $115K | $725K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5183 | +0.529% | $1.6M | $305K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5094 | −0.060% | $366.3M | $150.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5106 | +0.020% | $285.8M | $904.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5096 | −0.046% | $106.8M | $172.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5089 | −0.093% | $264.6M | $385.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5081 | −0.146% | — | $127.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5098 | −0.032% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5152 | +0.327% | $658K | $108.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5150 | +0.310% | $1.1M | $38.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5163 | +0.397% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5068 | −0.231% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5059 | −0.291% | $45K | $453K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5061 | −0.279% | $40K | $69K | 20x | as long as short |
| Derive XRP-PERPshort | +0.0100% | 1h | 1.5085 | −0.116% | $812K | $74K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5071 | −0.212% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5090 | −0.086% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5096 | −0.044% | $49.5M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5096 | −0.046% | $53.6M | $29.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5093 | −0.064% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5092 | −0.073% | $2.0M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5083 | −0.134% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5062 | −0.271% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0178% | 1h | 1.5108 | +0.033% | $279.3M | $220.6M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5059 | −0.294% | $1.3M | $7K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0214% | 1h | 1.5094 | −0.060% | $7.6M | $25.3M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5100 | −0.020% | $5.6M | $46.4M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5193 | +0.596% | $24.0M | $75.2M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0323% | 1h | 1.5098 | −0.033% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5099 | −0.029% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0339% | 8h | 1.5069 | −0.225% | $2.1M | $36.1M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5092 | −0.072% | $534K | $783K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0822% | 1h | 1.5132 | +0.191% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
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
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Deribit XRP_USDC-PERPETUAL
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD