XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0064%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h −0.019%

Price spread now: Lighter RH against Kraken Futures+0.011%7-day average +0.003% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Kraken Futures Short on Lighter RH

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.062%+$6 · spread now +0.011%, 7d avg +0.003%

Together, before fees−0.037%+ Points / potential airdropLighter RH: Points live · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.003%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5336	0.0032	pay 0.0004% / 1h	14m 04s	$14.9M	$69.8M	50x
Short	Lighter RH XRP	1.5338	0.0096	get 0.0012% / 1h	14m 04s	$486K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter RH against Kraken Futures. 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 Kraken FuturesbpFee Lighter RHbpOrdersPrice spread, now +0.011%Rate

Funding earned: $13.45
Price spread: +0.011% → +0.003%: $0.86
Slippage, 4 orders: −$9.24
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter RH: 0 bp × 2 orders: $0
Net: −$4.93
Costs to cover: 0.192%
Break-even: 9.6 days

Slippage from Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	1.95 bp	7.9 bp −$8	11.8 bp −$118	21.5 bp −$2,146	37.6 bp −$18.8K
Sell Lighter RH live order book, 4 min ago	1.63 bp	1.7 bp −$2	4.4 bp −$44	37.3 bp −$3,731	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	1.5339	+0.018%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	−0.009%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5370	+0.220%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5336	0.000%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0094%	1h	1.5336	−0.003%	$843K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5339	+0.018%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0032%	1h	1.5336	long leg	$14.9M	$69.8M	50x
Orderly PERP_XRP_USDC	+0.0060%	8h	1.5338	+0.011%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.459%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5336	0.000%	$3.0M	$13.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRPshort	+0.0096%	1h	1.5338	+0.011%	$486K	$3.2M	20x
Nado XRP-PERP	+0.0100%	1h	1.5336	+0.002%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5334	−0.018%	$38.8M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5339	+0.018%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5336	−0.002%	$544.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5335	−0.008%	$341.7M	$925.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5335	−0.008%	$125.2M	$879.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5350	+0.090%	$571K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5337	+0.005%	$116K	$756K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5373	+0.237%	$1.7M	$571K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5332	−0.028%	$360.8M	$148.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5333	−0.021%	$297.0M	$891.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5334	−0.013%	$109.7M	$165.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5336	−0.002%	$267.6M	$376.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5336	−0.002%	—	$122.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5350	+0.091%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5344	+0.049%	$666K	$105.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5353	+0.109%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5336	−0.002%	$1.0M	$901K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5336	+0.001%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5335	−0.008%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5339	+0.021%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5339	+0.016%	$826K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5345	+0.057%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5337	+0.005%	$32K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5328	−0.055%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5335	−0.008%	$54.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5341	+0.029%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5334	−0.015%	$10K	$270K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5333	−0.024%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5332	−0.027%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5338	+0.011%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5331	−0.035%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5345	+0.057%	$24.2M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5342	+0.038%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5341	+0.031%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5353	+0.111%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0310%	8h	1.5348	+0.077%	$2.0M	$34.5M	2.9x	as long as short
Hyperliquid XRP	+0.0579%	1h	1.5351	+0.096%	$291.6M	$214.9M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5338	+0.009%	$499K	$705K	10x	as long as short
Aftermath Perps XRPUSD	+0.0790%	1h	1.5358	+0.143%	$1K	$11K	10x	as long as short