Funding you earn now, next payment 05:00 UTC−0.0063%/8h= −6.9% APRnext payment −$0.08 per $10,000 · paid last 24h −0.017%
Price spread now: Injective against Lighter RH+2.584%97s7-day average −0.146% · you sell dearer than you buy
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$960.956% of the position
Funding, last 7 days+0.181%+$18 on $10k
+Price spread, last 4 days (all we have)−3.369%−$337 · spread now +2.584%, 7d avg −0.146%
=Together, before fees−3.188%+ Points / potential airdropLighter RH: Points live · farm board−$319 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 2.730% dearer against Lighter RH than usual: you sell high and buy low (spread +2.584% now, against its 7-day average of −0.146%): +$273 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +0.181%, so the current rate has only just turned against you. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter RH XRP | 1.5168 | 0.0096 | pay 0.0012% / 1h | 15m 49s | $496K | $3.3M | 20x |
| Short | Injective XRP/USDC PERP | 1.5560 | 0.0033 | get 0.0004% / 1h | 15m 49s | $2K | $107K | 30x |
Lighter RH XRP
Injective XRP/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$13.16
- Price spread: +2.584% → −0.146%
- $273
- Slippage, 4 orders
- −$95.53
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $164.29
- Costs to cover
- 0.956%
- Break-even
- from the start
Slippage from Lighter RH: live order book, 2 min ago; Injective: live order book, 38 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 | 1.3 bp −$1 | 4.3 bp −$43 | 46.1 bp −$4,607 | doesn't fit |
| Sell Injective live order book, 38 min ago | 46.05 bp | 46.1 bp −$46 | 59.2 bp −$592 | 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 | 1.5167 | −0.007% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5150 | −0.116% | $1.1M | $115K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5152 | −0.105% | $259K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5158 | −0.066% | $7.8M | $25.5M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0022% | 1h | 1.5154 | −0.090% | $14.4M | $74.6M | 50x | as long as short |
| Injective XRP/USDC PERPshort | +0.0033% | 1h | 1.5560 | +2.584% | $2K | $107K | 30x | |
| GMX XRP/USD [ETH-USDC] | L +0.0054% / S +0.0009% | 1h | 1.5152 | −0.108% | $795K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5167 | −0.005% | $2.8M | $14.8M | 20x | as long as short |
| Lighter RH XRPlong | +0.0096% | 1h | 1.5168 | long leg | $496K | $3.3M | 20x | |
| Katana Perps XRP-USD | +0.0098% | 8h | 1.5155 | −0.086% | $9K | $351K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRP
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 | 1.5156 | −0.076% | $976K | $6.1M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5161 | −0.045% | $38.9M | $85.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5158 | −0.063% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5164 | −0.026% | $535.5M | $2.16B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5164 | −0.026% | $345.0M | $945.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5164 | −0.026% | $125.9M | $884.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5163 | −0.033% | $564K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5164 | −0.026% | $137K | $721K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | −0.023% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5165 | −0.020% | $372.4M | $156.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5157 | −0.073% | $296.0M | $907.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5165 | −0.022% | $109.3M | $178.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5162 | −0.040% | $269.3M | $390.6M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5166 | −0.013% | — | $127.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5151 | −0.113% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5180 | +0.082% | $659K | $110.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5170 | +0.012% | $1.1M | $36.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5163 | −0.033% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5157 | −0.074% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5159 | −0.059% | $45K | $479K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5153 | −0.098% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5153 | −0.099% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5153 | −0.096% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5156 | −0.078% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5155 | −0.086% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5158 | −0.066% | $49.5M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5163 | −0.033% | $54.0M | $31.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5161 | −0.043% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5154 | −0.091% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5152 | −0.105% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5163 | −0.033% | $8K | $8K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5172 | +0.026% | $5.7M | $48.1M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0217% | 1h | 1.5151 | −0.111% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5163 | −0.033% | $24.2M | $75.7M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0242% | 8h | 1.5162 | −0.040% | $1.9M | $35.3M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0251% | 1h | 1.5172 | +0.026% | $2.0M | $1.4M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0280% | 1h | 1.5174 | +0.040% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDC | +0.0358% | 1h | 1.5162 | −0.042% | $516K | $776K | 10x | as long as short |
| Hyperliquid XRP | +0.0408% | 1h | 1.5180 | +0.079% | $298.3M | $251.4M | 20x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.145% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0643% | 1h | 1.5171 | +0.019% | $2K | $15K | 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-USDT
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
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Hyperliquid XRP
Phoenix XRP
Aftermath Perps XRPUSD