XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0167%/8h= −18.3% APRnext payment −$0.21 per $10,000 · paid last 24h +0.023%

Price spread now: Kraken Futures against Lighter RH−0.029%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$200.201% of the position

Long on Lighter RH Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.115%+$11 on $10k

Price spread, last 4 days (all we have)−0.270%−$27 · spread now −0.029%, 7d avg −0.002%

Together, before fees−0.155%+ Points / potential airdropLighter RH: Points live · farm board−$16 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.027% cheaper against Lighter RH than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.002%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.115%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5141	0.0096	pay 0.0012% / 1h	9m 13s	$498K	$3.3M	20x
Short	Kraken Futures PF_XRPUSD	1.5137	−0.0071	pay 0.0009% / 1h	9m 13s	$14.3M	$73.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$35.03
Price spread: −0.029% → −0.002%: −$2.68
Slippage, 4 orders: −$10.11
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$57.82
Costs to cover: 0.201%
Break-even: never at this rate

Slippage from Lighter RH: live order book, 4 min ago; Kraken Futures: live order book, 5 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, 4 min ago	1.65 bp	1.7 bp −$2	4.9 bp −$49	41.1 bp −$4,115	doesn't fit
Sell Kraken Futures live order book, 5 min ago	2.31 bp	8.9 bp −$9	11.6 bp −$116	20.5 bp −$2,051	46.9 bp −$23.5K

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	1.5140	−0.007%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSDshort	−0.0071%	1h	1.5137	−0.029%	$14.3M	$73.8M	50x
dYdX XRP-USD	0.0000%	1h	1.5134	−0.043%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	−0.007%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5138	−0.020%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5141	0.000%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.767%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0046% / S +0.0021%	1h	1.5138	−0.023%	$789K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0091%	8h	1.5141	0.000%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5142	+0.006%	$2.8M	$14.6M	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 XRPlong	+0.0096%	1h	1.5141	long leg	$498K	$3.3M	20x
Katana Perps XRP-USD	+0.0098%	8h	1.5131	−0.066%	$10K	$330K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5139	−0.010%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5150	+0.059%	$280.6M	$227.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5143	+0.010%	$38.3M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5141	0.000%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5140	−0.007%	$533.5M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5142	+0.007%	$345.5M	$936.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5144	+0.020%	$126.7M	$875.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5142	+0.007%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5139	−0.013%	$110K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.070%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5139	−0.013%	$369.0M	$154.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5141	0.000%	$292.6M	$903.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5142	+0.007%	$107.8M	$175.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5138	−0.020%	$267.9M	$384.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5137	−0.026%	—	$127.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	−0.015%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.003%	$658K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5130	−0.073%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.040%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5143	+0.011%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5144	+0.020%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5140	−0.006%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	+0.006%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5145	+0.023%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5140	−0.007%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	−0.014%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	0.000%	$53.8M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5139	−0.015%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5137	−0.025%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5138	−0.022%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5140	−0.007%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0187%	1h	1.5148	+0.046%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5146	+0.033%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5144	+0.022%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5141	+0.001%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5134	−0.046%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5144	+0.020%	$2.1M	$34.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5142	+0.006%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0683%	1h	1.5147	+0.038%	$2K	$15K	10x	as long as short