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: Lighter RH against Reya+0.190%75s7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 airdropReya: Active · Lighter RH: Points live · farm board−$32 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter RH is 0.175% dearer against Reya than usual: you sell high and buy low (spread +0.190% now, against its 7-day average of +0.016%): +$17 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 4.6 days. 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 | Reya XRPRUSDPERP | 1.5279 | 0.0223 | pay 0.0028% / 1h | 44m 06s | $1.4M | $1K | 15x |
| Short | Lighter RH XRP | 1.5308 | 0.0096 | get 0.0012% / 1h | 44m 06s | $598K | $3.1M | 20x |
Reya XRPRUSDPERP
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Reya. 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
- −$26.66
- Price spread: +0.190% → +0.016%
- $17.46
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$15.2
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Reya: no order-book sample; Lighter RH: live order book, 2 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 Reya no order-book sample | — | — | — | — | — |
| Sell Lighter RH live order book, 2 min ago | 1.63 bp | 2.4 bp −$2 | 6.5 bp −$65 | 44.5 bp −$4,450 | doesn't fit |
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 | +0.465% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5307 | +0.184% | $14.0M | $70.4M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5277 | −0.014% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5340 | +0.400% | $69K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5302 | +0.151% | $7.8M | $21.0M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5286 | +0.047% | $242K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5278 | −0.006% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.840% | $2K | $107K | 30x | as long as short |
| SoDEX XRP-USD | +0.0081% | 1h | 1.5300 | +0.138% | $29K | $1.5M | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5302 | +0.149% | $2.8M | $14.1M | 20x | as long as short |
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-USD
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRPshort | +0.0096% | 1h | 1.5308 | +0.190% | $598K | $3.1M | 20x | |
| Hibachi XRP/USDT-P | +0.0096% | 1h | 1.5285 | +0.040% | $17K | $76K | 7x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5281 | +0.014% | $477K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5276 | −0.019% | $10K | $399K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5278 | −0.003% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5316 | +0.241% | $298.2M | $267.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5304 | +0.164% | $39.3M | $81.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5281 | +0.016% | $590K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5305 | +0.174% | $533.5M | $2.08B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5305 | +0.171% | $360.9M | $885.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5303 | +0.157% | $124.3M | $834.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5279 | 0.000% | $562K | $36K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5286 | +0.046% | $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 | 1.5307 | +0.184% | $380.2M | $156.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5304 | +0.164% | $309.2M | $892.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5303 | +0.159% | $105.3M | $181.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5303 | +0.157% | $271.5M | $356.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5304 | +0.164% | — | $99.5M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5316 | +0.243% | $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 | +0.226% | $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 | 1.5288 | +0.061% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5286 | +0.046% | $52K | $474K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5291 | +0.081% | $41K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5300 | +0.138% | $83K | $613K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5301 | +0.146% | $128K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5298 | +0.125% | $49.9M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5310 | +0.203% | $54.6M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5292 | +0.088% | $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 | +0.151% | $5.5M | $43.7M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0134% | 8h | 1.5296 | +0.112% | $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 XRPRUSDPERPlong | +0.0223% | 1h | 1.5279 | long leg | $1.4M | $1K | 15x | |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5285 | +0.038% | $513K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0450% | 1h | 1.5323 | +0.288% | $3K | $13K | 10x | as long as short |
Hibachi XRP/USDT-P
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
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
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
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD