Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Lighter RH+0.046%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$13as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on Lighter RH Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.003%$0 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.046%, 7d avg +0.013%

Together, before fees−0.062%+ Points / potential airdropLighter RH: Points live · farm board−$6 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: Binance is 0.033% dearer against Lighter RH than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5244	0.0096	pay 0.0012% / 1h	18m 24s	$548K	$3.2M	20x
Short	Binance XRPUSDT	1.5251	0.0100	get 0.0100% / 8h	1h 18m	$535.1M	$2.22B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter RH. 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 Lighter RHbpFee BinancebpOrdersPrice spread, now +0.046%Rate

Funding earned: $0.84
Price spread: +0.046% → +0.013%: $3.27
Slippage, 4 orders: −$3.29
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$9.18
Costs to cover: 0.133%
Break-even: 83.5 days

Slippage from Lighter RH: live order book, 5 min ago; Binance: live order book, 11 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 RH live order book, 5 min ago	1.32 bp	1.3 bp −$1	4.2 bp −$42	37.3 bp −$3,731	doesn't fit
Sell Binance live order book, 11 min ago	0.33 bp	5.3 bp −$5	5.6 bp −$56	10.8 bp −$1,076	27.3 bp −$13.7K

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	1.5244	0.000%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5232	−0.079%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5200	−0.289%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5212	−0.212%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5232	−0.082%	$14.5M	$75.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.073%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5236	−0.052%	$7.8M	$24.7M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0088% / S −0.0040%	1h	1.5231	−0.088%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5243	−0.006%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5244	long leg	$548K	$3.2M	20x

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	1.5235	−0.059%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5240	−0.023%	$993K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5250	+0.039%	$38.7M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5243	−0.007%	$620K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5251	+0.046%	$535.1M	$2.22B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5246	+0.013%	$350.0M	$965.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5250	+0.039%	$128.2M	$885.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5196	−0.315%	$565K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5245	+0.007%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5249	+0.033%	$378.4M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5251	+0.046%	$310.7M	$930.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5251	+0.045%	$108.0M	$182.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5248	+0.026%	$269.5M	$397.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5250	+0.039%	—	$105.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	−0.303%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5194	−0.325%	$660K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.298%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.262%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5248	+0.023%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5252	+0.052%	$66K	$507K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5251	+0.046%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5249	+0.033%	$66K	$746K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5243	−0.005%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5231	−0.085%	$32K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5238	−0.036%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5234	−0.066%	$54.5M	$32.5M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.249%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5248	+0.026%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5235	−0.061%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5231	−0.082%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5248	+0.026%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5231	−0.085%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5238	−0.039%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5241	−0.020%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0212%	1h	1.5259	+0.098%	$290.5M	$265.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5249	+0.035%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5230	−0.092%	$23.7M	$78.2M	125x	as long as short
Kalshi KXXRPPERP	+0.0224%	8h	1.5238	−0.039%	$1.8M	$35.2M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5247	+0.017%	$534K	$802K	10x	as long as short
Aftermath Perps XRPUSD	+0.0643%	1h	1.5219	−0.166%	$2K	$16K	10x	as long as short