XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter RH against Bulk+1.198%7-day average −0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$111as in the Price arb table

costs, in and out, $10k−$110.108% of the position

Long on Bulk Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−1.212%−$121 · spread now +1.198%, 7d avg −0.022%

Together, before fees−1.216%+ Points / potential airdropLighter RH: Points live · farm board−$122 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 1.220% dearer against Bulk than usual: you sell high and buy low, +$122 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5527	0.0100	pay 0.0013% / 1h	44m 48s	$1.7M	$572K	20x
Short	Lighter RH XRP	1.5713	0.0096	get 0.0012% / 1h	44m 48s	$461K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Bulk. 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 BulkbpFee Lighter RHbpOrdersPrice spread, now +1.198%Rate

Funding earned: −$0.84
Price spread: +1.198% → −0.022%: $121.98
Slippage, 4 orders: −$3.84
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Lighter RH: 0 bp × 2 orders: $0
Net: $110.3
Costs to cover: 0.108%
Break-even: from the start

Slippage from Bulk: live order book, 4 min ago; Lighter RH: live order book, 3 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 Bulk live order book, 4 min ago	0.32 bp	3.8 bp −$4	5.3 bp −$53	8.4 bp −$841	21.1 bp −$10.5K
Sell Lighter RH live order book, 3 min ago	1.60 bp	1.6 bp −$2	5.6 bp −$56	40.9 bp −$4,094	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	1.5692	+1.063%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5691	+1.058%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5696	+1.091%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.526%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5709	+1.171%	$15.7M	$67.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5707	+1.159%	$81K	$936K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0068%	1h	1.5710	+1.179%	$9.7M	$25.0M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0081% / S +0.0142%	1h	1.5700	+1.111%	$925K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5710	+1.176%	$3.1M	$11.7M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5713	+1.198%	$461K	$3.1M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi XRP/USDT-P	+0.0096%	1h	1.5637	+0.710%	$19K	$73K	7x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5695	+1.085%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5737	+1.352%	$40.1M	$75.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5690	+1.053%	$678K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5739	+1.363%	$571.0M	$1.93B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5741	+1.378%	$356.0M	$873.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5740	+1.372%	$129.5M	$876.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	+0.567%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5699	+1.108%	$121K	$724K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5527	long leg	$1.7M	$572K	20x
Gate XRP_USDT	+0.0100%	8h	1.5733	+1.327%	$376.0M	$135.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5734	+1.333%	$293.9M	$826.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5723	+1.262%	$113.7M	$153.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5742	+1.385%	$273.2M	$353.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5734	+1.333%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	+0.689%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5621	+0.607%	$678K	$98.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	+0.696%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5628	+0.650%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5683	+1.003%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5705	+1.146%	$49K	$443K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5707	+1.159%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5708	+1.165%	$846K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5713	+1.195%	$132K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5709	+1.172%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5697	+1.096%	$51.6M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5703	+1.134%	$55.9M	$28.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5696	+1.085%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5696	+1.088%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5729	+1.298%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5695	+1.083%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5703	+1.134%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5699	+1.107%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5715	+1.211%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5701	+1.121%	$24.7M	$72.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5690	+1.050%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0372%	1h	1.5726	+1.282%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	+0.406%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5705	+1.144%	$412K	$534K	10x	as long as short
Aftermath Perps XRPUSD	+0.0604%	1h	1.5612	+0.545%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0659%	1h	1.5756	+1.475%	$292.3M	$197.6M	20x	as long as short