XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h +0.017%

Price spread now: Lighter RH against Injective−2.513%67s7-day average +0.217% · you buy dearer than you sell

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.963% of the position

Long on Injective Short on Lighter RH

What this pair did over the last

the charts below follow

Funding, last 7 days−0.181%−$18 on $10k

Price spread, last 4 days (all we have)+3.718%+$372 · spread now −2.513%, 7d avg +0.217%

Together, before fees+3.537%+ Points / potential airdropLighter RH: Points live · farm board+$354 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter RH is 2.730% cheaper against Injective than usual: you would sell low and buy high (spread −2.513% now, against its 7-day average of +0.217%). If the spread goes back, that is −$273 on $10k: about 5 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.181%, so the current rate has only just turned in your favour. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	3m 53s	$2K	$107K	30x
Short	Lighter RH XRP	1.5169	0.0096	get 0.0012% / 1h	3m 53s	$511K	$3.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Injective. 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 InjectivebpFee Lighter RHbpOrdersPrice spread, now −2.513%Rate

Funding earned: $13.16
Price spread: −2.513% → +0.217%: −$272.98
Slippage, 4 orders: −$96.28
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$356.12
Costs to cover: 0.963%
Break-even: 196.4 days

Slippage from Injective: live order book, 60 min ago; Lighter RH: live order book, 4 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 Injective live order book, 60 min ago	46.21 bp	46.2 bp −$46	59.4 bp −$594	doesn't fit	doesn't fit
Sell Lighter RH live order book, 4 min ago	1.32 bp	1.3 bp −$1	4.9 bp −$49	38.4 bp −$3,842	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	1.5170	−2.506%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5173	−2.487%	$1.1M	$110K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5168	−2.519%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5162	−2.556%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0036%	1h	1.5162	−2.559%	$832K	—	200x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
01 Exchange XRPUSD	+0.0056%	1h	1.5170	−2.506%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5163	−2.551%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5169	−2.514%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRPshort	+0.0096%	1h	1.5169	−2.513%	$511K	$3.3M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5162	−2.558%	$10K	$311K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5166	−2.532%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5177	−2.461%	$281.9M	$223.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5167	−2.524%	$38.3M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5175	−2.475%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5167	−2.526%	$535.5M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5171	−2.500%	$346.2M	$931.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5170	−2.506%	$125.7M	$873.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5169	−2.513%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5169	−2.513%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−2.543%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5166	−2.532%	$368.9M	$154.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5163	−2.551%	$298.0M	$905.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5166	−2.530%	$108.3M	$172.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5167	−2.526%	$269.2M	$381.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5159	−2.577%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	−2.612%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5173	−2.489%	$659K	$107.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5183	−2.423%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5189	−2.384%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5164	−2.542%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5168	−2.519%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5165	−2.539%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5163	−2.551%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	−2.513%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5165	−2.539%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5165	−2.539%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5168	−2.519%	$53.9M	$30.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5169	−2.512%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5163	−2.554%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5163	−2.551%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0175%	1h	1.5175	−2.474%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5155	−2.602%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5161	−2.564%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5171	−2.500%	$5.7M	$46.9M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5167	−2.526%	$24.2M	$75.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5167	−2.524%	$14.4M	$73.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5178	−2.455%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5172	−2.496%	$517K	$780K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	−2.378%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0655%	1h	1.5182	−2.429%	$2K	$14K	10x	as long as short