XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h +0.028%

Price spread now: Polymarket Perps against Deribit−0.033%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$250.251% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.129%−$13 on $10k

Price spread, last 3 days (all we have)+0.096%+$10 · spread now −0.033%, 7d avg −0.013%

Together, before fees−0.033%−$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.129%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit XRP_USDC-PERPETUAL	1.5347	0.0076	pay 0.0010% / 1h	57m 53s	$9.3M	$25.7M	50x
Short	Polymarket Perps XRP-USD	1.5342	0.0100	get 0.0013% / 1h	57m 53s	$48K	$458K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now −0.033%Rate

Funding earned: $5.04
Price spread: −0.033% → −0.013%: −$1.95
Slippage, 4 orders: −$10.07
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$21.98
Costs to cover: 0.251%
Break-even: 37.5 days

Slippage from Deribit: live order book, 1 min ago; Polymarket Perps: live order book, 15 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 Deribit live order book, 1 min ago	0.33 bp	5.7 bp −$6	7.8 bp −$78	152.8 bp −$15.3K	doesn't fit
Sell Polymarket Perps live order book, 15 min ago	1.63 bp	5.6 bp −$6	8.3 bp −$83	doesn't fit	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	1.5343	−0.026%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5328	−0.122%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.020%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5344	−0.018%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5343	−0.026%	$841K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.388%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5342	−0.033%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0076%	1h	1.5347	long leg	$9.3M	$25.7M	50x
01 Exchange XRPUSD	+0.0088%	1h	1.5346	−0.007%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5351	+0.023%	$2.9M	$13.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5353	+0.039%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	−0.020%	$12K	$271K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5338	−0.055%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5355	+0.050%	$38.9M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5341	−0.040%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5352	+0.030%	$540.3M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5356	+0.059%	$340.2M	$932.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5358	+0.072%	$125.6M	$886.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.176%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	−0.007%	$116K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.065%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5349	+0.013%	$372.6M	$147.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5347	0.000%	$301.9M	$888.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5348	+0.005%	$109.7M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5351	+0.026%	$269.2M	$378.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5349	+0.013%	—	$123.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.004%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5347	−0.003%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.143%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.033%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5341	−0.039%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5342	−0.033%	$48K	$458K	20x
Bullet XRP-USD	+0.0100%	1h	1.5342	−0.032%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5344	−0.019%	$826K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5347	−0.001%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5344	−0.020%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5341	−0.036%	$50.3M	$15.7M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5338	−0.060%	$478K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5347	−0.002%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5343	−0.023%	$55K	$18K	3x	as long as short
Phemex XRPUSDT	+0.0188%	8h	1.5351	+0.026%	$54.7M	$29.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5338	−0.062%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	+0.026%	$24.0M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5350	+0.020%	$5.8M	$46.9M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0243%	1h	1.5356	+0.059%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5343	−0.024%	$14.9M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.129%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5350	+0.020%	$2.2M	$35.3M	2.9x	as long as short
Hyperliquid XRP	+0.0533%	1h	1.5364	+0.111%	$291.0M	$216.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0784%	1h	1.5353	+0.041%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5349	+0.012%	$512K	$753K	10x	as long as short