XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.08 per $10,000 · paid last 24h −0.031%

Price spread now: Polymarket Perps against Coinbase International+0.013%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.078%−$8 on $10k

Price spread, last 4 days (all we have)+0.448%+$45 · spread now +0.013%, 7d avg −0.015%

Together, before fees+0.370%+$37 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.028% dearer against Coinbase International than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.015%): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 38 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5412	0.0160	pay 0.0020% / 1h	10m 05s	$5.3M	$46.6M	50x
Short	Polymarket Perps XRP-USD	1.5414	0.0100	get 0.0013% / 1h	10m 05s	$53K	$502K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$12.6
Price spread: +0.013% → −0.015%: $2.84
Slippage, 4 orders: −$36.3
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$64.06
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 min ago; Polymarket Perps: live order book, 8 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 Coinbase International live order book, 4 min ago	0.65 bp	7.8 bp −$8	10.1 bp −$101	28.0 bp −$2,800	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	1.96 bp	12.9 bp −$13	13.7 bp −$137	doesn't fit	doesn't fit

XRP on 50 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
Kraken Futures PF_XRPUSD	−0.0169%	1h	1.5410	−0.011%	$14.1M	$75.2M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5400	−0.078%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.402%	$69K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5410	−0.013%	$7.9M	$22.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5389	−0.151%	$250K	—	150x	as long as short
dYdX XRP-USD	+0.0006%	1h	1.5405	−0.043%	$1.1M	$123K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.960%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5421	+0.058%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5370	−0.274%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5408	−0.024%	$2.8M	$14.7M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5415	+0.019%	$624K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5409	−0.019%	$20K	$378K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5412	+0.002%	$481K	$52K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5404	−0.055%	$1.0M	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5407	−0.032%	$39.1M	$82.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5404	−0.054%	$620K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5405	−0.045%	$537.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5399	−0.084%	$359.7M	$907.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5399	−0.084%	$126.5M	$841.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5373	−0.253%	$564K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5417	+0.032%	$161K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5316	−0.624%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5406	−0.039%	$378.8M	$157.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5411	−0.006%	$315.3M	$932.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5407	−0.033%	$108.9M	$180.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5407	−0.032%	$273.7M	$361.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5401	−0.071%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5396	−0.104%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5339	−0.474%	$666K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5356	−0.361%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5347	−0.422%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5407	−0.030%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5414	+0.013%	$53K	$502K	20x
Bullet XRP-USD	+0.0100%	1h	1.5406	−0.039%	$41K	$66K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5403	−0.058%	$78K	$646K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5406	−0.038%	$129K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5408	−0.026%	$31K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5399	−0.084%	$50.2M	$14.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5407	−0.032%	$54.7M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5403	−0.056%	$2.1M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5405	−0.049%	$59K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0138% / S −0.0102%	1h	1.5405	−0.048%	$816K	—	200x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0160%	1h	1.5412	long leg	$5.3M	$46.6M	50x
Kalshi KXXRPPERP	+0.0173%	8h	1.5413	+0.006%	$1.8M	$32.7M	2.9x	as long as short
Hyperliquid XRP	+0.0183%	1h	1.5422	+0.065%	$295.5M	$266.7M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5388	−0.156%	$23.8M	$78.2M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5391	−0.135%	$1.4M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0232%	1h	1.5419	+0.045%	$2.0M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5415	+0.017%	$528K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0512%	1h	1.5348	−0.418%	$3K	$15K	10x	as long as short