XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0127%/8h= +13.9% APRnext payment +$0.16 per $10,000 · paid last 24h +0.035%

Price spread now: Reya against Lighter RH−0.190%75s7-day average −0.016% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Lighter RH Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.124%+$12 on $10k

Price spread, last 7 days+0.196%+$20 · spread now −0.190%, 7d avg −0.016%

Together, before fees+0.320%+ Points / potential airdropLighter RH: Points live · Reya: Active · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Reya is 0.174% cheaper against Lighter RH than usual: you would sell low and buy high (spread −0.190% now, against its 7-day average of −0.016%). If the spread goes back, that is −$17 on $10k: about 4.6 days of funding at the current rate (+$4 a day). The two prices were read 75 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	1.5308	0.0096	pay 0.0012% / 1h	44m 07s	$598K	$3.1M	20x
Short	Reya XRPRUSDPERP	1.5279	0.0223	get 0.0028% / 1h	44m 07s	$1.4M	$1K	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.190%Rate

Funding earned: $26.66
Price spread: −0.190% → −0.016%: −$17.43
Slippage, 4 orders: no order book: not counted
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $3.24
Costs to cover: 0.060%
Break-even: 6.2 days

Slippage unknown: Lighter RH: live order book, 2 min ago; Reya: 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, 2 min ago	1.63 bp	1.6 bp −$2	4.7 bp −$47	39.6 bp −$3,957	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 50 exchanges

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	1.5350	+0.274%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5307	−0.007%	$14.0M	$70.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5277	−0.204%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	+0.209%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5302	−0.039%	$7.8M	$21.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5286	−0.143%	$242K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5278	−0.196%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.646%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0081%	1h	1.5300	−0.052%	$29K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5302	−0.041%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRPlong	+0.0096%	1h	1.5308	long leg	$598K	$3.1M	20x
Hibachi XRP/USDT-P	+0.0096%	1h	1.5285	−0.150%	$17K	$76K	7x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5281	−0.176%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5276	−0.209%	$10K	$399K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5278	−0.193%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5316	+0.050%	$298.2M	$267.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5304	−0.026%	$39.3M	$81.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5281	−0.174%	$590K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5305	−0.016%	$533.5M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5305	−0.020%	$360.9M	$885.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5303	−0.033%	$124.3M	$834.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5279	−0.189%	$562K	$36K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5286	−0.144%	$164K	$682K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.040%	$1.6M	$26K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5307	−0.007%	$380.2M	$156.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5304	−0.026%	$309.2M	$892.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5303	−0.031%	$105.3M	$181.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5303	−0.033%	$271.5M	$356.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5304	−0.026%	—	$99.5M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5316	+0.052%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5309	+0.004%	$5.0M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	+0.036%	$665K	$109.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5321	+0.083%	$1.1M	$30.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5317	+0.059%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5288	−0.129%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5286	−0.144%	$52K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5291	−0.109%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5300	−0.052%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5301	−0.044%	$128K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5298	−0.065%	$49.9M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5310	+0.013%	$54.6M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5292	−0.102%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5293	−0.095%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5302	−0.039%	$5.5M	$43.7M	50x	as long as short
Kalshi KXXRPPERP	+0.0134%	8h	1.5296	−0.078%	$1.9M	$35.1M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0211% / S −0.0510%	1h	1.5283	−0.161%	$822K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5281	−0.176%	$23.9M	$78.0M	125x	as long as short
Reya XRPRUSDPERPshort	+0.0223%	1h	1.5279	−0.190%	$1.4M	$1K	15x
RISEx XRP/USDC	+0.0239%	1h	1.5285	−0.152%	$513K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0450%	1h	1.5323	+0.097%	$3K	$13K	10x	as long as short