XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Polymarket Perps−0.043%7-day average −0.017% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$287as in the Price arb table

costs, in and out, $10k−$2842.844% of the position

Long on Polymarket Perps Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.139%+$14 · spread now −0.043%, 7d avg −0.017%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.026% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5232	0.0100	pay 0.0013% / 1h	46m 48s	$52K	$513K	20x
Short	gTrade (Gains Network) XRP/USD	1.5226	L +0.0003% / S −0.0004%	get 0.0000% / 1h	46m 48s	$247K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.043%Rate

Funding earned: −$20.18
Price spread: −0.043% → −0.017%: −$2.61
Slippage, 4 orders: −$266.43
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$307.21
Costs to cover: 2.844%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 51 min ago; gTrade (Gains Network): virtual book (oracle venue), 52 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, 51 min ago	1.65 bp	7.4 bp −$7	10.3 bp −$103	doesn't fit	doesn't fit
Sell gTrade (Gains Network) virtual book (oracle venue), 52 min ago	130.05 bp	135.1 bp −$135	193.2 bp −$1,932	1958.1 bp −$195.8K	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
Kraken Futures PF_XRPUSD	−0.0171%	1h	1.5228	−0.028%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5241	+0.059%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	−0.038%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.053%	$68K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5228	−0.026%	$7.7M	$23.9M	50x	as long as short
gTrade (Gains Network) XRP/USDshort	L +0.0003% / S −0.0004%	1h	1.5226	−0.043%	$247K	—	150x
Phemex XRPUSDT	+0.0007%	8h	1.5228	−0.026%	$54.4M	$32.6M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.153%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5224	−0.052%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5228	−0.024%	$2.8M	$14.5M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5232	0.000%	$619K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5229	−0.020%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5233	+0.010%	$998K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5229	−0.020%	$38.6M	$85.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5229	−0.018%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5227	−0.033%	$530.8M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5224	−0.053%	$352.2M	$945.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5225	−0.046%	$127.1M	$859.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	−0.026%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5239	+0.046%	$144K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	−0.030%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5218	−0.092%	$379.3M	$151.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5228	−0.026%	$313.8M	$912.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5220	−0.078%	$106.7M	$183.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5222	−0.066%	$269.9M	$384.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5219	−0.085%	—	$108.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	−0.039%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5221	−0.075%	$661K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	−0.013%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5228	−0.026%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5234	+0.015%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5232	long leg	$52K	$513K	20x
Bullet XRP-USD	+0.0100%	1h	1.5228	−0.028%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5226	−0.039%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	−0.046%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5237	+0.035%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5225	−0.046%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5234	+0.014%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5234	+0.014%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5214	−0.121%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5223	−0.058%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0115% / S −0.0078%	1h	1.5222	−0.066%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5236	+0.026%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5227	−0.033%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERP	+0.0174%	8h	1.5236	+0.026%	$1.7M	$33.4M	2.9x	as long as short
Hyperliquid XRP	+0.0196%	1h	1.5234	+0.013%	$291.0M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	−0.046%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5221	−0.070%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0270%	1h	1.5236	+0.026%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5239	+0.045%	$523K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5220	−0.076%	$3K	$16K	10x	as long as short