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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Polymarket Perps+0.032%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$19as in the Price arb table
costs, in and out, $10k−$250.249% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 4 days (all we have)−0.264%−$26 · spread now +0.032%, 7d avg −0.025%
Together, before fees−0.286%−$29 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: Binance is 0.056% dearer against Polymarket Perps than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.025%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps XRP-USD1.51480.0100pay 0.0013% / 1h36m 07s$47K$489K20x
ShortBinance XRPUSDT1.51530.0100get 0.0100% / 8h1h 36m$531.0M$2.22B100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance 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

Funding earned
$0
Price spread: +0.032% → −0.025%
$5.63
Slippage, 4 orders
−$6.94
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$19.31
Costs to cover
0.249%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 6 min ago; Binance: live order book, 8 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 Polymarket Perps live order book, 6 min ago1.98 bp6.6 bp −$78.8 bp −$88doesn't fitdoesn't fit
Sell Binance live order book, 8 min ago0.33 bp5.3 bp −$56.1 bp −$6110.2 bp −$1,01725.3 bp −$12.6K

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%1h1.5165+0.112%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5143−0.035%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5150+0.013%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5145−0.018%$245K150xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5147−0.004%$14.4M$75.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.720%$2K$107K30xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5152+0.026%$7.7M$24.9M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0082% / S −0.0031%1h1.5142−0.043%$799K200xas long as short
01 Exchange XRPUSD+0.0088%1h1.5157+0.059%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5149+0.009%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5156+0.053%$545K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5150+0.013%$12K$368K20xas long as short
Nado XRP-PERP+0.0100%1h1.5153+0.031%$985K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5151+0.020%$38.5M$87.6M100xas long as short
Pacifica XRP+0.0100%1h1.5155+0.043%$616K$1.1M20xas long as short
Binance XRPUSDTshort+0.0100%8h1.5153+0.032%$531.0M$2.22B100x
Bybit XRPUSDT+0.0100%8h1.5150+0.013%$345.4M$963.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5153+0.033%$127.2M$883.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5151+0.020%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5158+0.066%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5145−0.020%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5150+0.013%$376.1M$159.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5155+0.046%$298.5M$922.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5150+0.015%$107.2M$181.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5151+0.020%$267.3M$397.9M125xas long as short
BingX XRP-USDT+0.0100%8h1.5149+0.007%$105.8Mas long as short
Variational Omni XRP+0.0100%8h1.5148−0.001%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5136−0.079%$658K$113.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5151+0.022%$1.1M$36.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5156+0.053%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5150+0.016%$15K10xas long as short
Polymarket Perps XRP-USDlong+0.0100%1h1.5148long leg$47K$489K20x
Bullet XRP-USD+0.0100%1h1.5145−0.020%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5147−0.007%$65K$774K50xas long as short
Derive XRP-PERP+0.0100%1h1.5145−0.021%$815K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5146−0.013%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5147−0.007%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5168+0.133%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5153+0.033%$54.3M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5162+0.094%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5142−0.041%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5147−0.009%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0160%1h1.5164+0.108%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0168%1h1.5157+0.059%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0173%1h1.5161+0.086%$288.2M$264.6M20xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5154+0.040%$5.7M$48.2M50xas long as short
Kalshi KXXRPPERP+0.0209%8h1.5157+0.059%$1.8M$35.2M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5136−0.077%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5153+0.033%$23.5M$77.8M125xas long as short
RISEx XRP/USDC+0.0316%1h1.51480.000%$524K$798K10xas long as short
Aftermath Perps XRPUSD+0.0583%1h1.5150+0.014%$2K$16K10xas long as short