XRP: dYdX → Lighter

Long on the venue with the lower rate, short on the venue with the higher one. Income comes from the rate difference; price exposure cancels out.

Spread

+84%

APR right now

Price gap

-0.017%

between legs

Average spread

+84%

over 24h from our own samples

Over 7 days

+84%

samples: 55

dYdXLONG

Bid / ask— / —

Mark price1.5366

Volume 24h$112.99K

Open interest$1.10M

Rate+0.0000%

APR+0%

Interval / next payout1h / 11m

dYdX

LighterSHORT

Bid / ask— / —

Mark price1.5364

Volume 24h$13.02M

Open interest$2.86M

Rate+0.0096%

APR+84%

Interval / next payout1h / 11m

Lighter

Spread from our samples

spread over the period: from 0% to 84% APR, 55 samples

The rate can flip at any moment, and then the position starts costing money. Size is limited by the weaker leg, and entry and exit both pay fees on two venues. Not financial advice.