XRP

Alert: funding

Alert: spread

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: Polymarket Perps against Lighter−0.121%45s7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as 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−$190.194% of the position

Long on Lighter Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 4 days (all we have)+0.360%+$36 · spread now −0.121%, 7d avg +0.014%

Together, before fees+0.384%+ Points / potential airdropLighter: Season 3 · farm board+$38 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.136% cheaper against Lighter than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.014%. The two prices were read 45 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	Lighter XRP	1.5225	0.0096	pay 0.0012% / 1h	20m 40s	$2.8M	$15.1M	20x
Short	Polymarket Perps XRP-USD	1.5207	0.0100	get 0.0013% / 1h	20m 40s	$65K	$507K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Lighter. 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 LighterbpFee Polymarket PerpsbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0.84
Price spread: −0.121% → +0.014%: −$13.56
Slippage, 4 orders: −$11.39
Fee Lighter: 0 bp × 2 orders: $0
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$32.1
Costs to cover: 0.194%
Break-even: 274.5 days

Slippage from Lighter: live order book, 8 min ago; Polymarket Perps: live order book, 22 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 Lighter live order book, 8 min ago	2.77 bp	2.8 bp −$3	4.6 bp −$46	13.1 bp −$1,308	33.3 bp −$16.6K
Sell Polymarket Perps live order book, 22 min ago	1.98 bp	7.2 bp −$7	10.0 bp −$100	doesn't fit	doesn't fit

XRP on 50 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	1.5209	−0.108%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5202	−0.151%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.167%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5212	−0.090%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5212	−0.087%	$14.5M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.197%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5215	−0.069%	$7.7M	$24.7M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0087% / S −0.0039%	1h	1.5211	−0.097%	$785K	—	200x	as long as short
Lighter XRPlong	+0.0096%	1h	1.5225	long leg	$2.8M	$15.1M	20x
Lighter RH XRP	+0.0096%	1h	1.5227	+0.010%	$547K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5226	+0.004%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5208	−0.118%	$990K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5226	+0.004%	$38.6M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5227	+0.007%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5226	+0.004%	$534.2M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5226	+0.004%	$347.3M	$962.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5228	+0.017%	$127.9M	$883.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5196	−0.193%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5242	+0.109%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5233	+0.050%	$378.4M	$160.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5224	−0.009%	$305.6M	$929.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5226	0.000%	$107.8M	$182.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5233	+0.050%	$268.6M	$397.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5233	+0.050%	—	$105.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	−0.181%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.204%	$660K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.177%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5193	−0.213%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5208	−0.113%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5207	−0.121%	$65K	$507K	20x
Bullet XRP-USD	+0.0100%	1h	1.5212	−0.087%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5212	−0.088%	$65K	$747K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5210	−0.099%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5213	−0.082%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5212	−0.092%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5212	−0.088%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.128%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5232	+0.044%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5230	+0.029%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5209	−0.107%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5239	+0.089%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5195	−0.201%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5217	−0.055%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5221	−0.029%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0208%	1h	1.5236	+0.069%	$289.9M	$264.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5210	−0.101%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5214	−0.075%	$23.6M	$78.1M	125x	as long as short
Kalshi KXXRPPERP	+0.0223%	8h	1.5214	−0.075%	$1.7M	$35.3M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5214	−0.072%	$533K	$801K	10x	as long as short
Aftermath Perps XRPUSD	+0.0628%	1h	1.5202	−0.152%	$2K	$16K	10x	as long as short