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: Lighter against Nado+0.340%47s7-day average −0.030% · 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—prices read too far apart to compare

costs, in and out, $10k−$140.135% of the position

Long on Nado Short on Lighter

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−0.375%−$37 · spread now +0.340%, 7d avg −0.030%

Together, before fees−0.378%+ Points / potential airdropNado: Active · Lighter: 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: Lighter is 0.369% dearer against Nado than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 47 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	Nado XRP-PERP	1.5048	0.0100	pay 0.0012% / 1h	39m 41s	$794K	$5.9M	20x
Short	Lighter XRP	1.5100	0.0096	get 0.0012% / 1h	39m 41s	$2.8M	$14.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Nado. 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 NadobpFee LighterbpOrdersPrice spread, now +0.340%Rate

Funding earned: −$0.84
Price spread: +0.340% → −0.030%: $36.94
Slippage, 4 orders: −$6.54
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: $22.56
Costs to cover: 0.135%
Break-even: from the start

Slippage from Nado: live order book, 4 min ago; Lighter: 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 Nado live order book, 4 min ago	0.33 bp	4.9 bp −$5	14.0 bp −$140	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.84 bp	2.7 bp −$3	5.6 bp −$56	12.8 bp −$1,285	35.8 bp −$17.9K

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	1.5060	+0.076%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5091	+0.285%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.409%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5062	+0.087%	$251K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0064%	1h	1.5056	+0.050%	$825K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.399%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5095	+0.306%	$14.5M	$72.4M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0069%	8h	1.5079	+0.203%	$57K	$945K	50x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5100	+0.340%	$2.8M	$14.1M	20x
Lighter RH XRP	+0.0096%	1h	1.5103	+0.362%	$516K	$3.3M	20x	as long as short

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	1.5060	+0.076%	$10K	$306K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5048	long leg	$794K	$5.9M	20x
Aster XRPUSDT	+0.0100%	8h	1.5095	+0.309%	$38.4M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5102	+0.356%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5105	+0.375%	$534.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5094	+0.302%	$336.5M	$942.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5095	+0.309%	$123.8M	$869.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5098	+0.329%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5089	+0.269%	$115K	$725K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.893%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5094	+0.302%	$366.3M	$150.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5106	+0.382%	$285.8M	$904.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5096	+0.316%	$106.8M	$172.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5089	+0.269%	$264.6M	$385.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5081	+0.216%	—	$127.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.330%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.691%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5150	+0.673%	$1.1M	$38.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.761%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5068	+0.130%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5059	+0.070%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5061	+0.082%	$40K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5085	+0.245%	$812K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5071	+0.150%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5090	+0.276%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5096	+0.318%	$49.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5096	+0.316%	$53.6M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5093	+0.298%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5092	+0.289%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5083	+0.228%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5062	+0.090%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0178%	1h	1.5108	+0.395%	$279.3M	$220.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5059	+0.067%	$1.3M	$7K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0214%	1h	1.5094	+0.302%	$7.6M	$25.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5100	+0.342%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.960%	$24.0M	$75.2M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0323%	1h	1.5098	+0.329%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5099	+0.333%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5069	+0.136%	$2.1M	$36.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5092	+0.290%	$534K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0822%	1h	1.5132	+0.554%	$2K	$14K	10x	as long as short