XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Lighter RH against dYdX+0.044%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$650.646% of the position

Long on dYdX Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 7 days−0.153%−$15 · spread now +0.044%, 7d avg −0.018%

Together, before fees−0.046%+ Points / potential airdropLighter RH: Points live · farm board−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter RH is 0.062% dearer against dYdX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5147	0	get 0.0000% / 1h	6m 32s	$1.1M	$115K	10x
Short	Lighter RH XRP	1.5154	0.0096	get 0.0012% / 1h	6m 32s	$496K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against dYdX. 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 dYdXbpFee Lighter RHbpOrdersPrice spread, now +0.044%Rate

Funding earned: $20.16
Price spread: +0.044% → −0.018%: $6.25
Slippage, 4 orders: −$54.64
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$38.24
Costs to cover: 0.646%
Break-even: 20.3 days

Slippage from dYdX: live order book, 3 min ago; Lighter RH: live order book, 2 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 dYdX live order book, 3 min ago	24.85 bp	29.9 bp −$30	29.9 bp −$299	57.0 bp −$5,704	228.5 bp −$114.3K
Sell Lighter RH live order book, 2 min ago	1.65 bp	1.7 bp −$2	5.3 bp −$53	41.8 bp −$4,177	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	1.5133	−0.094%	$5K	$3K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5147	long leg	$1.1M	$115K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5142	−0.035%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.098%	$258K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0022%	1h	1.5141	−0.043%	$14.3M	$74.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.725%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5131	−0.108%	$794K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5153	+0.040%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5154	+0.044%	$496K	$3.3M	20x
Katana Perps XRP-USD	+0.0099%	8h	1.5141	−0.041%	$10K	$355K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5149	+0.008%	$979K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.001%	$39.0M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5155	+0.051%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5148	+0.007%	$533.6M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5150	+0.018%	$343.8M	$947.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.025%	$125.3M	$886.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5145	−0.015%	$563K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5154	+0.044%	$137K	$721K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5138	−0.059%	$1.6M	$29K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5149	+0.011%	$374.9M	$158.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5151	+0.025%	$294.2M	$910.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	+0.036%	$109.2M	$178.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5151	+0.025%	$269.0M	$391.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5148	+0.005%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.116%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.223%	$656K	$111.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5106	−0.273%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5119	−0.187%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5148	+0.007%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5155	+0.051%	$49K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5129	−0.119%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5137	−0.068%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5138	−0.063%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5133	−0.091%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5139	−0.055%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	−0.032%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	−0.055%	$53.9M	$31.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5151	+0.026%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	−0.024%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5135	−0.081%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5149	+0.011%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0177%	8h	1.5141	−0.041%	$1.8M	$35.3M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5144	−0.022%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5150	+0.018%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5139	−0.055%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0235%	1h	1.5150	+0.018%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5122	−0.167%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5153	+0.039%	$517K	$777K	10x	as long as short
Hyperliquid XRP	+0.0378%	1h	1.5165	+0.117%	$290.9M	$255.8M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5110	−0.246%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0637%	1h	1.5136	−0.074%	$2K	$15K	10x	as long as short