Funding you earn now, next payment 03:00 UTC+0.0062%/8h= +6.8% APRnext payment +$0.08 per $10,000 · paid last 24h +0.074%
Price spread now: Lighter against GMX−0.085%7-day average −0.016% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.182%+$18 on $10k
+Price spread, last 4 days (all we have)+0.112%+$11 · spread now −0.085%, 7d avg −0.016%
=Together, before fees+0.294%+ Points / potential airdropLighter: Season 3 · farm board+$29 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.069% cheaper against GMX than usual: you would sell low and buy high (spread −0.085% now, against its 7-day average of −0.016%). If the spread goes back, that is −$7 on $10k: about 3.7 days of funding at the current rate (+$2 a day). At the pace of the last 3 days (+0.182% in total) that is about 30 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX XRP/USD [ETH-USDC] | 1.5183 | L +0.0034% / S +0.0043% | pay 0.0004% / 1h | 28m 26s | $820K | — | 200x |
| Short | Lighter XRP | 1.5170 | 0.0096 | get 0.0012% / 1h | 28m 26s | $2.8M | $14.4M | 20x |
GMX XRP/USD [ETH-USDC]
Lighter XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against GMX. 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
- $12.98
- Price spread: −0.085% → −0.016%
- −$6.91
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$5.93
- Costs to cover
- 0.120%
- Break-even
- 10.2 days
Slippage unknown: GMX: no order-book sample; Lighter: live order book, 5 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 GMX no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 5 min ago | 1.17 bp | 1.2 bp −$1 | 6.7 bp −$67 | 18.6 bp −$1,858 | 41.6 bp −$20.8K |
GMX: 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 | 1.5169 | −0.090% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5167 | −0.100% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5183 | 0.000% | $254K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5176 | −0.044% | $7.7M | $25.4M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.485% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC]long | L +0.0034% / S +0.0043% | 1h | 1.5183 | long leg | $820K | — | 200x | |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5160 | −0.149% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0075% | 8h | 1.5179 | −0.024% | $62K | $935K | 50x | as long as short |
| Lighter XRPshort | +0.0096% | 1h | 1.5170 | −0.085% | $2.8M | $14.4M | 20x | |
| Lighter RH XRP | +0.0096% | 1h | 1.5170 | −0.084% | $512K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
01 Exchange XRPUSD
Orderly PERP_XRP_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 | +0.0100% | 8h | 1.5152 | −0.202% | $10K | $309K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5168 | −0.099% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5172 | −0.070% | $281.2M | $221.6M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5168 | −0.097% | $38.5M | $83.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5171 | −0.078% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5163 | −0.129% | $537.5M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5161 | −0.143% | $344.3M | $926.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5163 | −0.130% | $125.8M | $867.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5171 | −0.077% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5168 | −0.097% | $114K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5156 | −0.175% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5166 | −0.110% | $369.4M | $152.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5168 | −0.097% | $291.5M | $898.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5169 | −0.088% | $108.3M | $171.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5160 | −0.149% | $267.8M | $380.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5167 | −0.103% | — | $126.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5198 | +0.103% | $5.8M | $36.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5177 | −0.040% | $659K | $109.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5214 | +0.205% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5208 | +0.167% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5168 | −0.096% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5162 | −0.136% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5185 | +0.015% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5180 | −0.018% | $817K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5187 | +0.025% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5173 | −0.064% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5182 | −0.006% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5171 | −0.077% | $54.0M | $30.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5167 | −0.103% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5161 | −0.141% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5172 | −0.072% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0200% | 1h | 1.5178 | −0.031% | $1.9M | $1.3M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5159 | −0.159% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5177 | −0.037% | $5.6M | $46.5M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5178 | −0.031% | $24.2M | $75.1M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0240% | 1h | 1.5184 | +0.009% | $17K | $82K | 7x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5170 | −0.082% | $14.5M | $73.1M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0354% | 8h | 1.5182 | −0.004% | $2.1M | $35.0M | 2.9x | as long as short |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5165 | −0.117% | $516K | $776K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.048% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0680% | 1h | 1.5182 | −0.003% | $2K | $14K | 10x | as long as short |
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
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Hibachi XRP/USDT-P
Kraken Futures PF_XRPUSD
Kalshi KXXRPPERP
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD