Funding you earn now, next payment 07:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h −0.004%
Price spread now: Lighter RH against Phoenix0.000%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$65as in the Funding arb table
Net, price: spread back to 7d avg − costs−$75as in the Price arb table
costs, in and out, $10k−$760.760% of the position
Funding, last 7 days+0.108%+$11 on $10k
+Price spread, last 4 days (all we have)−1.392%−$139 · spread now 0.000%, 7d avg −0.006%
=Together, before fees−1.284%+ Points / potential airdropLighter RH: Points live · farm board−$128 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.108%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.108% in total (about 5.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.5190 | 0.0526 | pay 0.0066% / 1h | 4m 56s | $67K | $110K | 15x |
| Short | Lighter RH XRP | 1.5190 | 0.0096 | get 0.0012% / 1h | 4m 56s | $605K | $3.2M | 20x |
Phoenix XRP
Lighter RH XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter RH against Phoenix. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$90.37
- Price spread: 0.000% → −0.006%
- $0.64
- Slippage, 4 orders
- −$68.98
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Lighter RH: 0 bp × 2 orders
- $0
- Net
- −$165.71
- Costs to cover
- 0.760%
- Break-even
- never at this rate
Slippage from Phoenix: live order book, 13 min ago; Lighter RH: live order book, 3 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 Phoenix live order book, 13 min ago | 6.58 bp | 35.9 bp −$36 | 95.0 bp −$950 | doesn't fit | doesn't fit |
| Sell Lighter RH live order book, 3 min ago | 1.32 bp | 1.3 bp −$1 | 5.0 bp −$50 | 42.5 bp −$4,254 | 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 | 1.5180 | −0.066% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5178 | −0.077% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5186 | −0.029% | $247K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0013% | 1h | 1.5192 | +0.013% | $7.7M | $24.0M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.436% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5185 | −0.033% | $14.6M | $73.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0088% | 1h | 1.5174 | −0.107% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5186 | −0.029% | $2.8M | $15.2M | 20x | as long as short |
| Lighter RH XRPshort | +0.0096% | 1h | 1.5190 | 0.000% | $605K | $3.2M | 20x | |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5185 | −0.033% | $20K | $382K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
Lighter XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5188 | −0.010% | $1.0M | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5183 | −0.049% | $38.5M | $86.0M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5177 | −0.087% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5178 | −0.078% | $529.7M | $2.21B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5176 | −0.092% | $350.2M | $948.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5178 | −0.079% | $127.6M | $863.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5172 | −0.118% | $565K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5197 | +0.046% | $144K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5189 | −0.007% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5179 | −0.072% | $378.0M | $163.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5178 | −0.079% | $309.7M | $930.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5185 | −0.036% | $106.8M | $183.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5178 | −0.079% | $269.2M | $388.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5178 | −0.079% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5165 | −0.162% | $4.8M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5174 | −0.106% | $659K | $113.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5174 | −0.105% | $1.1M | $33.9M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5182 | −0.053% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5190 | −0.002% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5192 | +0.013% | $52K | $515K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5185 | −0.030% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5190 | 0.000% | $77K | $689K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5185 | −0.036% | $817K | $77K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5190 | +0.003% | $127K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5184 | −0.039% | $29K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5169 | −0.138% | $49.5M | $15.3M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5186 | −0.026% | $54.1M | $32.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5180 | −0.068% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5176 | −0.094% | $2.1M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5195 | +0.033% | $8K | $2K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5186 | −0.024% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0110% / S −0.0072% | 1h | 1.5185 | −0.034% | $784K | — | 200x | as long as short |
| Hyperliquid XRP | +0.0144% | 1h | 1.5200 | +0.066% | $290.2M | $268.2M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0164% | 8h | 1.5189 | −0.007% | $1.8M | $33.7M | 2.9x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5189 | −0.007% | $5.6M | $48.0M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0182% | 1h | 1.5198 | +0.053% | $2.0M | $1.4M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5184 | −0.039% | $23.6M | $77.8M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5186 | −0.029% | $1.3M | $4K | 15x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5196 | +0.039% | $521K | $798K | 10x | as long as short |
| Phoenix XRPlong | +0.0526% | 1h | 1.5190 | long leg | $67K | $110K | 15x | |
| Aftermath Perps XRPUSD | +0.0570% | 1h | 1.5181 | −0.062% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Hyperliquid XRP
Kalshi KXXRPPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD