XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.030%

Price spread now: Polymarket Perps against dYdX+0.048%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$87as in the Price arb table

costs, in and out, $10k−$880.884% of the position

Long on dYdX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.131%+$13 on $10k

Price spread, last 3 days (all we have)+0.328%+$33 · spread now +0.048%, 7d avg +0.030%

Together, before fees+0.459%+$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX XRP-USD	1.5453	0	get 0.0000% / 1h	29m 51s	$1.1M	$104K	10x
Short	Polymarket Perps XRP-USD	1.5460	0.0100	get 0.0013% / 1h	29m 51s	$45K	$445K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against dYdX. 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 dYdXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.048%Rate

Funding earned: $21
Price spread: +0.048% → +0.030%: $1.85
Slippage, 4 orders: −$70.4
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$65.56
Costs to cover: 0.884%
Break-even: 28.9 days

Slippage from dYdX: live order book, 4 min ago; Polymarket Perps: live order book, 53 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 dYdX live order book, 4 min ago	30.25 bp	35.2 bp −$35	35.2 bp −$352	40.5 bp −$4,051	274.8 bp −$137.4K
Sell Polymarket Perps live order book, 53 min ago	2.27 bp	6.9 bp −$7	9.8 bp −$98	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	1.5461	+0.055%	$7K	$2K	20x	as long as short
dYdX XRP-USDlong	0.0000%	1h	1.5453	long leg	$1.1M	$104K	10x
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5466	+0.087%	$9.5M	$25.3M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	+0.101%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.052%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0042%	1h	1.5467	+0.091%	$15.4M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5465	+0.081%	$77K	$942K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0125%	1h	1.5468	+0.100%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5462	+0.064%	$3.0M	$12.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5469	+0.107%	$438K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5457	+0.032%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5473	+0.132%	$39.2M	$77.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5462	+0.058%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5492	+0.257%	$557.9M	$1.96B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5498	+0.294%	$345.9M	$890.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5496	+0.281%	$126.6M	$874.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5515	+0.404%	$577K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5462	+0.061%	$118K	$737K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5487	+0.223%	$373.3M	$139.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5488	+0.230%	$288.8M	$845.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5488	+0.230%	$113.2M	$158.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5495	+0.275%	$270.0M	$361.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5482	+0.191%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5485	+0.207%	$11.7M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5531	+0.509%	$674K	$101.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5554	+0.659%	$1.1M	$41.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5529	+0.495%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5466	+0.087%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5460	+0.048%	$45K	$445K	20x
Bullet XRP-USD	+0.0100%	1h	1.5473	+0.132%	$42K	$65K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5470	+0.115%	$833K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5472	+0.127%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5466	+0.087%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5453	0.000%	$50.8M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5468	+0.100%	$55.1M	$29.1M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5477	+0.156%	$1.7M	$578K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5456	+0.022%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5457	+0.029%	$12K	$251K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5480	+0.175%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5467	+0.091%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5466	+0.087%	$8K	$8K	10x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5488	+0.232%	$18K	$81K	7x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5462	+0.060%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5472	+0.126%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5470	+0.113%	$24.6M	$73.1M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0245%	1h	1.5474	+0.139%	$1.8M	$995K	25x	as long as short
Kalshi KXXRPPERP	+0.0313%	8h	1.5473	+0.132%	$1.9M	$32.7M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5570	+0.760%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5466	+0.085%	$506K	$627K	10x	as long as short
Hyperliquid XRP	+0.0596%	1h	1.5513	+0.391%	$290.3M	$202.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0726%	1h	1.5546	+0.605%	$1K	$11K	10x	as long as short