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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%
Price spread now: Polymarket Perps against edgeX−0.063%64s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$270.266% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.092%+$9 on $10k
Price spread, last 4 days (all we have)+0.644%+$64 · spread now −0.063%, 7d avg +0.040%
Together, before fees+0.735%+ Points / potential airdropedgeX: Active · farm board+$74 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 0.103% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.040%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XRPUSDC1.51840.0100pay 0.0050% / 4h2h 23m$659K$108.8M30x
ShortPolymarket Perps XRP-USD1.51740.0100get 0.0013% / 1h23m 49s$44K$445K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against edgeX. 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: −0.063% → +0.040%
−$10.32
Slippage, 4 orders
−$9.6
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$36.93
Costs to cover
0.266%
Break-even
never at this rate
Slippage from edgeX: live order book, 5 min ago; Polymarket Perps: live order book, 44 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 edgeX live order book, 5 min ago1.32 bp5.8 bp −$65.8 bp −$588.8 bp −$878doesn't fit
Sell Polymarket Perps live order book, 44 min ago1.95 bp8.4 bp −$89.7 bp −$97doesn't fitdoesn't fit

XRP on 50 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%1h1.5170−0.090%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5184+0.005%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5210+0.174%$68K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5166−0.115%$254K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0021% / S +0.0059%1h1.5166−0.116%$802K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.479%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5169−0.094%$14.6M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0072%8h1.5170−0.090%$62K$953K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5173−0.070%$7.7M$25.2M50xas long as short
Lighter XRP+0.0096%1h1.5173−0.068%$2.9M$14.3M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5175−0.057%$517K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5154−0.195%$10K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5164−0.133%$906K$5.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5175−0.058%$38.6M$84.2M100xas long as short
Pacifica XRP+0.0100%1h1.5180−0.024%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5179−0.031%$538.4M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5179−0.031%$341.7M$940.1M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5177−0.044%$124.5M$873.0M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5174−0.063%$565K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5168−0.103%$115K$700K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.039%$1.6M$330K20xas long as short
Gate XRP_USDT+0.0100%8h1.5172−0.077%$369.1M$152.4M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5173−0.070%$290.3M$913.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5174−0.063%$107.1M$171.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5177−0.044%$266.2M$383.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5168−0.103%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5199+0.101%$6.2M$35.8Mas long as short
edgeX XRPUSDClong+0.0100%4h1.5184long leg$659K$108.8M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5181−0.016%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5179−0.031%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5180−0.025%$11K10xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5174−0.063%$44K$445K20x
Bullet XRP-USD+0.0100%1h1.5172−0.080%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5172−0.078%$816K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5175−0.056%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5171−0.083%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5164−0.127%$49.7M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5171−0.083%$54.0M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5163−0.134%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5170−0.092%$2.1M$7.0M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5168−0.100%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0128%1h1.5167−0.110%$8K$8K10xas long as short
Hyperliquid XRP+0.0212%1h1.5183−0.004%$281.0M$221.5M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5171−0.082%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5175−0.057%$5.7M$46.7M50xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5203+0.128%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0358%1h1.5180−0.024%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0360%8h1.5182−0.011%$2.1M$35.7M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5168−0.106%$533K$785K10xas long as short
Aftermath Perps XRPUSD+0.0752%1h1.5176−0.053%$2K$14K10xas long as short