XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against SoDEX−0.341%7-day average +0.018% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$120.118% of the position

Long on SoDEX 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 3 days (all we have)+0.409%+$41 · spread now −0.341%, 7d avg +0.018%

Together, before fees+0.413%+ Points / potential airdropLighter: Season 3 · farm board+$41 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 0.358% cheaper against SoDEX than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX XRP-USD	1.5222	0.0100	pay 0.0013% / 1h	58m 37s	$29K	$1.8M	10x
Short	Lighter XRP	1.5170	0.0096	get 0.0012% / 1h	58m 37s	$2.8M	$14.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against SoDEX. 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 SoDEXbpFee LighterbpOrdersPrice spread, now −0.341%Rate

Funding earned: −$0.84
Price spread: −0.341% → +0.018%: −$35.85
Slippage, 4 orders: −$3.84
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$48.53
Costs to cover: 0.118%
Break-even: never at this rate

Slippage from SoDEX: live order book, just now; Lighter: 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 SoDEX live order book, just now	0.33 bp	4.3 bp −$4	7.0 bp −$70	33.5 bp −$3,346	doesn't fit
Sell Lighter live order book, 5 min ago	0.90 bp	0.9 bp −$1	7.4 bp −$74	19.6 bp −$1,958	41.3 bp −$20.7K

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	−0.269%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5165	−0.372%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5219	−0.020%	$255K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0070%	1h	1.5220	−0.011%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.220%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5219	−0.017%	$14.3M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5221	−0.007%	$57K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5220	−0.013%	$9.2M	$24.6M	50x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5214	−0.053%	$8K	$8K	10x	as long as short
Lighter XRPshort	+0.0096%	1h	1.5170	−0.341%	$2.8M	$14.0M	20x

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5191	−0.204%	$507K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5207	−0.099%	$11K	$288K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5186	−0.234%	$473K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5227	+0.031%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5186	−0.237%	$38.4M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	−0.297%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5218	−0.027%	$536.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5186	−0.236%	$338.7M	$924.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5190	−0.210%	$122.4M	$864.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.210%	$567K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	−0.105%	$115K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.839%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5192	−0.197%	$367.2M	$146.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5168	−0.355%	$294.9M	$886.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5166	−0.370%	$108.9M	$168.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5199	−0.151%	$266.3M	$378.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5200	−0.145%	—	$125.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	−0.040%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.248%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.149%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.197%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5219	−0.017%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5226	+0.026%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5224	+0.014%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5226	+0.030%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5232	+0.062%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USDlong	+0.0100%	1h	1.5222	long leg	$29K	$1.8M	10x
HTX XRP-USDT	+0.0100%	8h	1.5217	−0.032%	$49.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5221	−0.007%	$54.0M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5192	−0.196%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5215	−0.046%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0154%	1h	1.5198	−0.158%	$283.1M	$219.7M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5218	−0.025%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5223	+0.007%	$5.7M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.026%	$24.1M	$74.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5213	−0.057%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0322%	8h	1.5223	+0.007%	$2.0M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5206	−0.106%	$537K	$777K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.118%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0623%	1h	1.5230	+0.053%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0844%	1h	1.5269	+0.309%	$2K	$13K	10x	as long as short