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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Gate+0.053%7-day average +0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$370.373% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 4 days (all we have)+0.238%+$24 · spread now +0.053%, 7d avg +0.030%
Together, before fees+0.217%+$22 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 0.023% dearer against Gate than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XRP_USDT1.50600.0100pay 0.0100% / 8h2h 20m$369.6M$159.8M100x
ShortPolymarket Perps XRP-USD1.50680.0100get 0.0013% / 1h20m 59s$51K$489K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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: +0.053% → +0.030%
$2.33
Slippage, 4 orders
−$14.3
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$34.97
Costs to cover
0.373%
Break-even
never at this rate
Slippage from Gate: live order book, 3 min ago; Polymarket Perps: live order book, 27 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 Gate live order book, 3 min ago0.33 bp13.1 bp −$1316.1 bp −$16131.1 bp −$3,11443.0 bp −$21.5K
Sell Polymarket Perps live order book, 27 min ago2.32 bp8.2 bp −$810.2 bp −$102doesn'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%1h1.5052−0.053%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5043−0.113%$14.1M$74.6M50xas long as short
dYdX XRP-USD0.0000%1h1.5050−0.069%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.4980−0.531%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5047−0.087%$243K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0016%1h1.5046−0.093%$7.7M$25.6M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.320%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5044−0.104%$789K200xas long as short
01 Exchange XRPUSD+0.0088%1h1.5066+0.040%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5046−0.094%$2.8M$15.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5050−0.066%$544K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5053−0.046%$10K$359K20xas long as short
Nado XRP-PERP+0.0100%1h1.5064+0.024%$985K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5075+0.100%$287.6M$261.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5063+0.019%$38.3M$87.4M100xas long as short
Pacifica XRP+0.0100%1h1.5057−0.019%$602K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5064+0.027%$523.4M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5063+0.020%$342.7M$963.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5066+0.040%$125.0M$881.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.4996−0.425%$560K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5067+0.046%$144K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5026−0.223%$1.6M$5K20xas long as short
Gate XRP_USDTlong+0.0100%8h1.5060long leg$369.6M$159.8M100x
MEXC XRP_USDT+0.0100%8h1.5067+0.046%$285.2M$922.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5064+0.024%$105.0M$180.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5065+0.033%$264.7M$397.5M125xas long as short
BingX XRP-USDC+0.0100%8h1.5054−0.040%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5046−0.094%$4.7M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.5000−0.399%$651K$113.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5028−0.212%$1.1M$37.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5002−0.385%$1.2M$1.1M50xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5068+0.053%$51K$489K20x
Bullet XRP-USD+0.0100%1h1.5054−0.040%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5047−0.086%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5043−0.113%$809K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5051−0.058%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5046−0.093%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5046−0.094%$49.2M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5045−0.100%$53.6M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5063+0.023%$470K$55K50xas long as short
Vest XRP-PERP+0.0100%1h1.50600.000%$15K10xas long as short
Extended XRP-USD+0.0104%1h1.5060+0.003%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5042−0.121%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0174%8h1.5065+0.033%$1.7M$35.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0179%1h1.5057−0.020%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5049−0.073%$5.6M$48.1M50xas long as short
Hibachi XRP/USDT-P+0.0192%1h1.5040−0.134%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5054−0.042%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5051−0.060%$23.3M$76.7M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5065+0.035%$518K$786K10xas long as short
Aftermath Perps XRPUSD+0.0614%1h1.5017−0.285%$2K$16K10xas long as short