Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Derive+0.004%7-day average +0.014% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 4 days (all we have)+0.100%+$10 · spread now +0.004%, 7d avg +0.014%
=Together, before fees−0.013%+ Points / potential airdropLighter: Season 3 · farm board−$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive XRP-PERP | 1.5171 | 0.0100 | pay 0.0013% / 1h | 44m 52s | $816K | $73K | 10x |
| Short | Lighter XRP | 1.5172 | 0.0096 | get 0.0012% / 1h | 44m 52s | $2.8M | $15.1M | 20x |
Derive XRP-PERP
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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: +0.004% → +0.014%
- −$0.99
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$7.83
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Lighter: live order book, 4 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 4 min ago | 1.12 bp | 1.1 bp −$1 | 5.5 bp −$55 | 16.1 bp −$1,607 | 36.8 bp −$18.4K |
Derive: 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 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 | 1.5125 | −0.305% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5117 | −0.356% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5130 | −0.272% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5170 | −0.009% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5173 | +0.009% | $14.5M | $75.4M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.562% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5125 | −0.305% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0080% / S −0.0027% | 1h | 1.5170 | −0.011% | $799K | — | 200x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5172 | +0.004% | $2.8M | $15.1M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5173 | +0.011% | $546K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
01 Exchange XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5118 | −0.351% | $12K | $367K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5153 | −0.120% | $993K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5164 | −0.048% | $38.5M | $87.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5119 | −0.348% | $604K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5168 | −0.022% | $529.1M | $2.23B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5164 | −0.048% | $346.0M | $969.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5168 | −0.022% | $127.3M | $893.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5146 | −0.167% | $563K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5128 | −0.285% | $143K | $718K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5129 | −0.280% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5164 | −0.048% | $373.3M | $159.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5162 | −0.061% | $297.2M | $919.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5166 | −0.037% | $107.3M | $182.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5160 | −0.074% | $267.5M | $400.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5160 | −0.074% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5118 | −0.352% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5138 | −0.218% | $658K | $114.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5133 | −0.252% | $1.1M | $36.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5143 | −0.186% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5149 | −0.148% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5162 | −0.061% | $47K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5172 | +0.003% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5170 | −0.009% | $65K | $810K | 50x | as long as short |
| Derive XRP-PERPlong | +0.0100% | 1h | 1.5171 | long leg | $816K | $73K | 10x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5170 | −0.012% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5171 | −0.002% | $30K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5172 | +0.003% | $49.6M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5169 | −0.015% | $54.2M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5122 | −0.324% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5158 | −0.087% | $2.1M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5170 | −0.012% | $58K | $25K | 3x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0146% | 1h | 1.5175 | +0.024% | $7.7M | $25.0M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0152% | 1h | 1.5182 | +0.071% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRP | +0.0162% | 1h | 1.5180 | +0.057% | $289.1M | $264.8M | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5122 | −0.323% | $17K | $79K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5174 | +0.018% | $5.7M | $48.4M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0219% | 1h | 1.5161 | −0.066% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5172 | +0.005% | $23.5M | $78.1M | 125x | as long as short |
| Kalshi KXXRPPERP | +0.0221% | 8h | 1.5152 | −0.127% | $1.7M | $35.3M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5126 | −0.299% | $521K | $796K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0554% | 1h | 1.5143 | −0.188% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
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-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
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Deribit XRP_USDC-PERPETUAL
Backpack XRP_USDC_PERP
Hyperliquid XRP
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Kalshi KXXRPPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD