Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Bitget−0.013%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$280.285% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.025%−$2 on $10k
Price spread, last 4 days (all we have)+0.539%+$54 · spread now −0.013%, 7d avg +0.029%
Together, before fees+0.514%+$51 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: Polymarket Perps is 0.042% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget XRPUSDT1.51490.0100pay 0.0100% / 8h4h 02m$268.2M$385.0M125x
ShortPolymarket Perps XRP-USD1.51470.0100get 0.0013% / 1h2m 19s$44K$454K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bitget. 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

Funding earned
$0
Price spread: −0.013% → +0.029%
−$4.18
Slippage, 4 orders
−$8.49
Fee Bitget: 6 bp × 2 orders
−$12
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$32.66
Costs to cover
0.285%
Break-even
never at this rate
Slippage from Bitget: live order book, 2 min ago; Polymarket Perps: live order book, 55 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 2 min ago0.33 bp7.6 bp −$89.7 bp −$9718.4 bp −$1,84226.8 bp −$13.4K
Sell Polymarket Perps live order book, 55 min ago2.31 bp7.6 bp −$810.5 bp −$105doesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5140−0.059%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0071%1h1.5147−0.015%$14.3M$73.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5141−0.055%$1.1M$111K10xas long as short
Phoenix XRP0.0000%1h1.5120−0.191%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5144−0.033%$253K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5151+0.013%$7.7M$25.5M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.713%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0047% / S +0.0019%1h1.5143−0.038%$789K200xas long as short
Orderly PERP_XRP_USDC+0.0093%8h1.5147−0.013%$62K$934K50xas long as short
Lighter XRP+0.0096%1h1.5143−0.037%$2.8M$14.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5143−0.040%$498K$3.3M20xas long as short
Katana Perps XRP-USD+0.0098%8h1.5133−0.106%$10K$331K20xas long as short
Nado XRP-PERP+0.0100%1h1.5139−0.063%$1.1M$6.0M20xas long as short
Hyperliquid XRP+0.0100%1h1.5157+0.053%$280.6M$227.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5144−0.033%$38.2M$83.7M100xas long as short
Pacifica XRP+0.0100%1h1.5141−0.053%$607K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5148−0.008%$533.2M$2.12B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5150+0.007%$345.9M$937.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5151+0.013%$127.0M$875.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5120−0.191%$563K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5144−0.033%$110K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5114−0.231%$1.6M$49K20xas long as short
Gate XRP_USDT+0.0100%8h1.5144−0.033%$369.3M$154.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5146−0.020%$292.8M$904.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5144−0.031%$107.8M$175.2M75xas long as short
Bitget XRPUSDTlong+0.0100%8h1.5149long leg$268.2M$385.0M125x
BingX XRP-USDT+0.0100%8h1.5147−0.013%$127.4Mas long as short
Variational Omni XRP+0.0100%8h1.5110−0.258%$5.2M$37.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5109−0.264%$656K$108.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5115−0.223%$1.1M$36.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5110−0.257%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5143−0.037%$11K10xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5147−0.013%$44K$454K20x
Bullet XRP-USD+0.0100%1h1.5146−0.022%$41K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5150+0.004%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5142−0.045%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5148−0.007%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5127−0.149%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5140−0.059%$53.8M$31.0M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5142−0.047%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5145−0.024%$2.0M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5146−0.019%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0112%1h1.5147−0.013%$8K$8K10xas long as short
Backpack XRP_USDC_PERP+0.0189%1h1.51490.000%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0192%1h1.5145−0.026%$5.6M$47.1M50xas long as short
Hibachi XRP/USDT-P+0.0216%1h1.5138−0.075%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0216%1h1.5144−0.032%$1.3M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5138−0.073%$24.2M$76.0M125xas long as short
Kalshi KXXRPPERP+0.0313%8h1.5132−0.112%$2.1M$34.7M2.9xas long as short
RISEx XRP/USDC+0.0352%1h1.5147−0.010%$516K$774K10xas long as short
Aftermath Perps XRPUSD+0.0679%1h1.5138−0.071%$2K$15K10xas long as short