XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0080%/8h= −8.8% APRnext payment −$0.10 per $10,000 · paid last 24h −0.032%

Price spread now: Lighter against Coinbase International−0.083%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$190.193% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now −0.083%, 7d avg −0.013%

Together, before fees−0.006%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Lighter is 0.070% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.013%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5160	0.0176	pay 0.0022% / 1h	35m 35s	$5.6M	$48.2M	50x
Short	Lighter XRP	1.5147	0.0096	get 0.0012% / 1h	35m 35s	$2.8M	$15.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$16.8
Price spread: −0.083% → −0.013%: −$6.97
Slippage, 4 orders: −$9.28
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$43.05
Costs to cover: 0.193%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Lighter: live order book, 8 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 Coinbase International live order book, 4 min ago	0.66 bp	7.4 bp −$7	11.0 bp −$110	26.3 bp −$2,628	doesn't fit
Sell Lighter live order book, 8 min ago	1.89 bp	2.3 bp −$2	5.7 bp −$57	15.3 bp −$1,535	37.3 bp −$18.6K

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	1.5179	+0.125%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5171	+0.076%	$1.1M	$148K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5164	+0.026%	$7.8M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5163	+0.016%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.639%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5157	−0.023%	$14.5M	$73.8M	50x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5147	−0.083%	$2.8M	$15.1M	20x
Lighter RH XRP	+0.0096%	1h	1.5149	−0.073%	$603K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5134	−0.172%	$20K	$380K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5154	−0.040%	$1.0M	$6.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5149	−0.073%	$38.3M	$86.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5150	−0.067%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5143	−0.111%	$529.9M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	−0.172%	$348.8M	$955.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5140	−0.132%	$127.7M	$866.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5179	+0.125%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5143	−0.112%	$143K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.198%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5159	−0.007%	$377.7M	$160.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5137	−0.152%	$308.5M	$923.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5152	−0.053%	$106.1M	$183.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5137	−0.152%	$267.5M	$390.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5134	−0.172%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5150	−0.069%	$4.9M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5205	+0.298%	$660K	$113.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5210	+0.329%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5239	+0.521%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5168	+0.054%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5162	+0.013%	$51K	$511K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5162	+0.016%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5163	+0.020%	$77K	$688K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5160	+0.002%	$816K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5166	+0.037%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5157	−0.020%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5163	+0.019%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5153	−0.046%	$54.1M	$32.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5152	−0.055%	$472K	$55K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0101% / S −0.0061%	1h	1.5163	+0.020%	$782K	—	200x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5131	−0.190%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5161	+0.007%	$8K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0104%	1h	1.5194	+0.222%	$17K	$78K	7x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5158	−0.016%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0126%	1h	1.5166	+0.040%	$289.3M	$267.7M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0147%	1h	1.5165	+0.033%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0176%	1h	1.5160	long leg	$5.6M	$48.2M	50x
Kalshi KXXRPPERP	+0.0192%	8h	1.5178	+0.119%	$1.8M	$34.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5157	−0.022%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5169	+0.059%	$23.5M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5141	−0.128%	$520K	$806K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5230	+0.462%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0645%	1h	1.5208	+0.315%	$2K	$16K	10x	as long as short