XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%

Price spread now: Coinbase International against Polymarket Perps+0.007%47s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.300% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)−0.216%−$22 · spread now +0.007%, 7d avg +0.018%

Together, before fees−0.149%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.018%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5137	0.0100	pay 0.0013% / 1h	45m 26s	$43K	$452K	20x
Short	Coinbase International XRP-PERP-INTX	1.5138	0.0192	get 0.0024% / 1h	45m 26s	$5.6M	$47.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.007%Rate

Funding earned: $19.32
Price spread: +0.007% → +0.018%: −$1.1
Slippage, 4 orders: −$12.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.8
Costs to cover: 0.300%
Break-even: 11.3 days

Slippage from Polymarket Perps: live order book, 12 min ago; Coinbase International: live order book, 4 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, 12 min ago	2.31 bp	6.9 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	0.33 bp	6.3 bp −$6	9.1 bp −$91	21.4 bp −$2,144	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	1.5119	−0.119%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5133	−0.024%	$14.2M	$73.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5133	−0.023%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5140	+0.020%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5132	−0.033%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5138	+0.007%	$7.7M	$25.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.794%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0038% / S +0.0031%	1h	1.5132	−0.034%	$787K	—	200x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5140	+0.020%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0079%	8h	1.5133	−0.026%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5133	−0.024%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5128	−0.059%	$509K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5129	−0.053%	$10K	$318K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5131	−0.036%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5145	+0.053%	$281.3M	$225.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5132	−0.033%	$38.3M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5133	−0.028%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5135	−0.016%	$532.9M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5134	−0.020%	$344.4M	$931.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5135	−0.013%	$125.7M	$873.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5108	−0.192%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5114	−0.152%	$113K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	+0.180%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5134	−0.020%	$369.3M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5136	−0.007%	$297.1M	$895.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5134	−0.018%	$107.9M	$173.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	−0.013%	$267.6M	$383.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5134	−0.020%	—	$126.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5129	−0.055%	$5.4M	$37.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	−0.160%	$656K	$108.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5112	−0.166%	$1.1M	$35.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5121	−0.106%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5135	−0.013%	—	$11K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5137	long leg	$43K	$452K	20x
Bullet XRP-USD	+0.0100%	1h	1.5133	−0.025%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5133	−0.027%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5130	−0.044%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5136	−0.007%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5132	−0.030%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5133	−0.026%	$54.0M	$30.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5133	−0.028%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5129	−0.050%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5132	−0.033%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0152%	1h	1.5125	−0.079%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0156%	1h	1.5143	+0.040%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTXshort	+0.0192%	1h	1.5138	+0.007%	$5.6M	$47.0M	50x
Reya XRPRUSDPERP	+0.0216%	1h	1.5134	−0.020%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5111	−0.172%	$24.2M	$75.8M	125x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5128	−0.059%	$2.1M	$34.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0352%	1h	1.5139	+0.014%	$515K	$780K	10x	as long as short
Aftermath Perps XRPUSD	+0.0671%	1h	1.5138	+0.005%	$2K	$15K	10x	as long as short