Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter RH against Ondo Perps−0.085%7-day average +0.060% · you buy dearer than you sell
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)+0.251%+$25 · spread now −0.085%, 7d avg +0.060%
=Together, before fees+0.270%+ Points / potential airdropOndo Perps: Active · Lighter RH: Points live · farm board+$27 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 RH is 0.145% cheaper against Ondo Perps than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.060%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Ondo Perps XRP-USD.P | 1.5336 | 0.0100 | pay 0.0013% / 1h | 58m 34s | $563K | $37K | 5x |
| Short | Lighter RH XRP | 1.5323 | 0.0096 | get 0.0012% / 1h | 58m 34s | $599K | $3.0M | 20x |
Ondo Perps XRP-USD.P
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH 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: −0.085% → +0.060%
- −$14.5
- Slippage, 4 orders
- no order book: not counted
- Fee Ondo Perps: 2.5 bp × 2 orders
- −$5
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$20.34
- Costs to cover
- 0.050%
- Break-even
- never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Lighter RH: live order book, 3 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 RH live order book, 3 min ago | 1.96 bp | 2.4 bp −$2 | 6.1 bp −$61 | 43.8 bp −$4,381 | doesn't fit |
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 51 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 | 1.5387 | +0.333% | $5K | $2K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0077% | 1h | 1.5325 | −0.072% | $13.8M | $69.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5316 | −0.128% | $1.1M | $155K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5330 | −0.039% | $69K | $102K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5325 | −0.072% | $7.7M | $19.9M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5322 | −0.094% | $242K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.461% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0088% | 1h | 1.5339 | +0.018% | $17K | $70K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5319 | −0.110% | $2.7M | $13.4M | 20x | as long as short |
| Lighter RH XRPshort | +0.0096% | 1h | 1.5323 | −0.085% | $599K | $3.0M | 20x |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter XRPShow all 51 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5318 | −0.117% | $9K | $987 | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0096% | 1h | 1.5326 | −0.065% | $5.4M | $42.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5319 | −0.110% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5312 | −0.156% | $10K | $409K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5311 | −0.160% | $840K | $6.0M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5327 | −0.059% | $297.8M | $264.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5314 | −0.141% | $39.0M | $79.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5319 | −0.111% | $589K | $985K | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5315 | −0.137% | $532.9M | $2.04B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5317 | −0.124% | $361.9M | $858.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5315 | −0.137% | $124.1M | $822.1M | 100x | as long as short |
| Ondo Perps XRP-USD.Plong | +0.0100% | 1h | 1.5336 | long leg | $563K | $37K | 5x | |
| Arcus XRP-USD | +0.0100% | 1h | 1.5321 | −0.098% | $163K | $692K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5316 | −0.130% | $377.6M | $156.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5315 | −0.137% | $317.5M | $871.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5315 | −0.137% | $104.9M | $180.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5316 | −0.130% | $271.0M | $348.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5312 | −0.156% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5332 | −0.023% | $4.9M | $38.0M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5332 | −0.023% | $666K | $107.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5339 | +0.020% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5341 | +0.033% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5326 | −0.067% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5324 | −0.078% | $52K | $469K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5322 | −0.090% | $41K | $64K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5322 | −0.091% | $83K | $601K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5323 | −0.086% | $824K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5322 | −0.088% | $128K | $1.5M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5322 | −0.091% | $30K | $1.4M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5320 | −0.107% | $49.9M | $13.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5322 | −0.091% | $54.7M | $33.2M | 50x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5324 | −0.075% | $1.6M | $66K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5310 | −0.169% | $2.2M | $6.0M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5318 | −0.114% | $59K | $25K | 3x | as long as short |
| Kalshi KXXRPPERP | +0.0114% | 8h | 1.5321 | −0.098% | $1.9M | $35.4M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.0216% | 1h | 1.5334 | −0.013% | $2.0M | $1.2M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5320 | −0.104% | $23.8M | $77.6M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0224% | 1h | 1.5319 | −0.113% | $1.4M | $1K | 15x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0251% / S −0.0491% | 1h | 1.5323 | −0.083% | $885K | — | 200x | as long as short |
| RISEx XRP/USDC | +0.0300% | 1h | 1.5321 | −0.095% | $507K | $723K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0381% | 1h | 1.5323 | −0.086% | $3K | $13K | 10x | as long as short |
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
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
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
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
Bulk XRP-USD
Extended XRP-USD
Aevo XRP-PERP
Kalshi KXXRPPERP
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
GMX XRP/USD [ETH-USDC]
RISEx XRP/USDC
Aftermath Perps XRPUSD