Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Polymarket Perps0.000%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$230.232% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.467%−$47 · spread now 0.000%, 7d avg −0.033%

Together, before fees−0.467%−$47 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: Arcus is 0.033% dearer against Polymarket Perps than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5315	0.0100	pay 0.0013% / 1h	26m 29s	$49K	$475K	20x
Short	Arcus XRP-USD	1.5315	0.0100	get 0.0013% / 1h	26m 29s	$114K	$647K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Polymarket Perps. 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 Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.033%: $3.26
Slippage, 4 orders: −$10.75
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$19.98
Costs to cover: 0.232%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 61 min ago; Arcus: live order book, 62 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 Polymarket Perps live order book, 61 min ago	2.31 bp	6.9 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell Arcus live order book, 62 min ago	1.32 bp	4.8 bp −$5	13.5 bp −$135	34.5 bp −$3,446	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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5280	−0.227%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5265	−0.326%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5316	+0.006%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5250	−0.424%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5281	−0.219%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5301	−0.091%	$9.2M	$24.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.163%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5282	−0.215%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5323	+0.054%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5320	+0.033%	$445K	$3.1M	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	1.5305	−0.062%	$1.1M	$5.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5324	+0.059%	$38.9M	$71.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5322	+0.047%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5313	−0.013%	$547.7M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5314	−0.007%	$343.0M	$835.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5312	−0.020%	$123.6M	$831.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5297	−0.118%	$569K	$41K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5315	0.000%	$114K	$647K	20x
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.743%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5311	−0.026%	$364.7M	$130.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5322	+0.046%	$288.7M	$805.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5320	+0.035%	$113.6M	$147.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5312	−0.020%	$266.3M	$339.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5308	−0.046%	—	$113.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5205	−0.719%	$6.2M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5202	−0.738%	$661K	$95.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.614%	$1.1M	$41.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5204	−0.725%	$1.0M	$848K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5304	−0.073%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5315	long leg	$49K	$475K	20x
Bullet XRP-USD	+0.0100%	1h	1.5320	+0.033%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5285	−0.193%	$823K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5259	−0.364%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5295	−0.131%	$28K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5275	−0.263%	$50.3M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5304	−0.072%	$54.7M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5302	−0.082%	$477K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5316	+0.007%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5308	−0.047%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5293	−0.147%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5319	+0.026%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0143%	1h	1.5321	+0.039%	$1.7M	$919K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5296	−0.121%	$15.3M	$63.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5302	−0.085%	$5.4M	$43.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0208%	8h	1.5297	−0.118%	$1.7M	$31.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5311	−0.025%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5299	−0.104%	$23.9M	$66.7M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5249	−0.431%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5320	+0.030%	$406K	$496K	10x	as long as short
Hyperliquid XRP	+0.0464%	1h	1.5331	+0.104%	$281.9M	$181.8M	20x	as long as short
Aftermath Perps XRPUSD	+0.0530%	1h	1.5253	−0.402%	$1K	$11K	10x	as long as short