Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Ondo Perps+0.031%7-day average +0.064% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.019%+$2 on $10k
+Price spread, last 4 days (all we have)+0.130%+$13 · spread now +0.031%, 7d avg +0.064%
=Together, before fees+0.149%+ Points / potential airdropOndo Perps: Active · Lighter: Season 3 · farm board+$15 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: Lighter is 0.033% cheaper against Ondo Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.064%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XRP-USD.P | 1.5279 | 0.0100 | pay 0.0013% / 1h | 45m 18s | $562K | $36K | 5x |
| Short | Lighter XRP | 1.5284 | 0.0096 | get 0.0012% / 1h | 45m 18s | $2.8M | $14.1M | 20x |
Ondo Perps XRP-USD.P
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Ondo Perps. 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: +0.031% → +0.064%
- −$3.3
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$9.14
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter: live order book, 6 min ago. 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 Ondo Perps no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 1.50 bp | 2.0 bp −$2 | 5.3 bp −$53 | 17.0 bp −$1,704 | 36.7 bp −$18.4K |
Ondo Perps: 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 | 1.5356 | +0.504% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0063% | 1h | 1.5288 | +0.056% | $13.9M | $70.3M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5286 | +0.043% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5340 | +0.399% | $69K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5287 | +0.052% | $7.8M | $21.2M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5286 | +0.046% | $242K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5291 | +0.079% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.839% | $2K | $107K | 30x | as long as short |
| SoDEX XRP-USD | +0.0068% | 1h | 1.5283 | +0.026% | $29K | $1.5M | 10x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5284 | +0.031% | $2.8M | $14.1M | 20x |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
01 Exchange XRPUSD
Injective XRP/USDC PERP
SoDEX XRP-USDShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5291 | +0.079% | $598K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5286 | +0.045% | $477K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5284 | +0.033% | $10K | $399K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5284 | +0.036% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5298 | +0.121% | $297.8M | $267.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5285 | +0.039% | $39.2M | $81.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5289 | +0.063% | $590K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5286 | +0.046% | $532.8M | $2.08B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5286 | +0.046% | $360.6M | $887.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5289 | +0.065% | $124.5M | $832.8M | 100x | as long as short |
| Ondo Perps XRP-USD.Plong | +0.0100% | 1h | 1.5279 | long leg | $562K | $36K | 5x | |
| Arcus XRP-USD | +0.0100% | 1h | 1.5292 | +0.085% | $164K | $682K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5314 | +0.230% | $1.6M | $26K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5286 | +0.046% | $380.0M | $156.3M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5286 | +0.046% | $310.8M | $891.6M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5285 | +0.042% | $105.0M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5283 | +0.026% | $271.2M | $356.3M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5279 | 0.000% | — | $4.2M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5315 | +0.236% | $2.0M | $1.2M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5309 | +0.194% | $5.0M | $38.2M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5313 | +0.225% | $665K | $109.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5321 | +0.273% | $1.1M | $30.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5317 | +0.249% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5291 | +0.078% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5284 | +0.033% | $52K | $474K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5283 | +0.025% | $41K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5283 | +0.026% | $83K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5287 | +0.054% | $128K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5284 | +0.034% | $49.8M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5289 | +0.065% | $54.5M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5276 | −0.017% | $2.2M | $6.1M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5313 | +0.220% | $17K | $76K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5277 | −0.010% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5291 | +0.079% | $5.4M | $43.7M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0135% | 8h | 1.5291 | +0.079% | $1.9M | $35.1M | 2.9x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0211% / S −0.0510% | 1h | 1.5283 | +0.029% | $822K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5281 | +0.013% | $23.9M | $78.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5279 | 0.000% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5291 | +0.080% | $513K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0443% | 1h | 1.5332 | +0.347% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Backpack XRP_USDC_PERP
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
SunX XRP-USDT
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD