XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h +0.001%

Price spread now: Nado against Lighter RH+0.125%7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$140.144% of the position

Long on Lighter RH Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.004%$0 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.125%, 7d avg +0.043%

Together, before fees−0.063%+ Points / potential airdropLighter RH: Points live · Nado: Active · 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: Nado is 0.083% dearer against Lighter RH than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter RH XRP	1.5201	0.0096	pay 0.0012% / 1h	57m 54s	$507K	$3.2M	20x
Short	Nado XRP-PERP	1.5220	0.0100	get 0.0012% / 1h	57m 54s	$923K	$5.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.125%Rate

Funding earned: $0.84
Price spread: +0.125% → +0.043%: $8.26
Slippage, 4 orders: −$7.42
Fee Lighter RH: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$5.32
Costs to cover: 0.144%
Break-even: 51.3 days

Slippage from Lighter RH: live order book, 5 min ago; Nado: live order book, 1 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	1.31 bp	3.0 bp −$3	8.9 bp −$89	46.5 bp −$4,651	doesn't fit
Sell Nado live order book, 1 min ago	0.33 bp	5.6 bp −$6	11.0 bp −$110	55.3 bp −$5,534	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	1.5181	−0.132%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5165	−0.234%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5188	−0.085%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5194	−0.048%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.362%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5194	−0.048%	$14.2M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5198	−0.020%	$57K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5214	+0.086%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5200	−0.009%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRPlong	+0.0096%	1h	1.5201	long leg	$507K	$3.2M	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	1.5207	+0.039%	$11K	$288K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5186	−0.096%	$473K	$55K	50x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5220	+0.125%	$923K	$5.7M	20x
Aster XRPUSDT	+0.0100%	8h	1.5206	+0.030%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	−0.159%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5210	+0.059%	$536.3M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5203	+0.013%	$339.1M	$924.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5202	+0.007%	$122.6M	$866.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.072%	$567K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	+0.033%	$115K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.978%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5204	+0.020%	$367.7M	$147.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5203	+0.013%	$297.1M	$887.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5197	−0.026%	$109.1M	$168.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5200	−0.007%	$266.4M	$378.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5200	−0.007%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.098%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.387%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.011%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.336%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5213	+0.078%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5215	+0.092%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5203	+0.016%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	−0.036%	$818K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5205	+0.023%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	−0.033%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	+0.008%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	−0.033%	$53.9M	$29.4M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5198	−0.021%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	−0.021%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5198	−0.020%	$9.2M	$24.6M	50x	as long as short
Hyperliquid XRP	+0.0192%	1h	1.5211	+0.066%	$283.1M	$220.2M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5211	+0.067%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5197	−0.026%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.164%	$24.1M	$74.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5221	+0.132%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0324%	8h	1.5201	0.000%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5206	+0.032%	$537K	$777K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.257%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0522%	1h	1.5212	+0.072%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0827%	1h	1.5257	+0.370%	$2K	$13K	10x	as long as short