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: Gate against Polymarket Perps+0.093%48s7-day average −0.030% · you sell dearer than you buy
Net, funding: paid 7d − costs−$35as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
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)−0.384%−$38 · spread now +0.093%, 7d avg −0.030%
Together, before fees−0.363%−$36 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: Gate is 0.123% dearer against Polymarket Perps than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps XRP-USD1.50450.0100pay 0.0013% / 1h21m 37s$51K$489K20x
ShortGate XRP_USDT1.50590.0100get 0.0100% / 8h2h 21m$369.4M$159.7M100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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: +0.093% → −0.030%
$12.29
Slippage, 4 orders
−$14.3
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$25.02
Costs to cover
0.373%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 26 min ago; Gate: live order book, 2 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, 26 min ago2.32 bp7.0 bp −$79.0 bp −$90doesn't fitdoesn't fit
Sell Gate live order book, 2 min ago0.33 bp9.1 bp −$913.1 bp −$13127.0 bp −$2,69837.5 bp −$18.8K

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%1h1.5027−0.120%$5K$3K20xas long as short
Kraken Futures PF_XRPUSD−0.0001%1h1.5053+0.054%$14.1M$74.8M50xas long as short
dYdX XRP-USD0.0000%1h1.5050+0.031%$1.1M$130K10xas long as short
Phoenix XRP0.0000%1h1.4980−0.432%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5039−0.039%$243K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+3.423%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0069% / S −0.0013%1h1.5038−0.048%$787K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0082%1h1.5056+0.073%$7.7M$25.6M50xas long as short
01 Exchange XRPUSD+0.0088%1h1.5042−0.020%$8K$8K10xas long as short
Lighter XRP+0.0096%1h1.5053+0.053%$2.8M$15.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5058+0.086%$545K$3.3M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5053+0.053%$10K$359K20xas long as short
Nado XRP-PERP+0.0100%1h1.5038−0.043%$945K$6.3M20xas long as short
Hyperliquid XRP+0.0100%1h1.5062+0.115%$287.3M$261.9M20xas long as short
Aster XRPUSDT+0.0100%8h1.5055+0.066%$38.3M$87.3M100xas long as short
Pacifica XRP+0.0100%1h1.5057+0.081%$602K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5058+0.089%$523.2M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5058+0.086%$342.7M$964.0M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5062+0.113%$125.0M$879.9M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.4996−0.326%$560K$31K5xas long as short
Arcus XRP-USD+0.0100%1h1.5067+0.146%$144K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5026−0.123%$1.6M$5K20xas long as short
Gate XRP_USDTshort+0.0100%8h1.5059+0.093%$369.4M$159.7M100x
MEXC XRP_USDT+0.0100%8h1.5063+0.120%$286.5M$921.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5054+0.060%$104.9M$180.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5059+0.093%$264.1M$397.0M125xas long as short
BingX XRP-USDT+0.0100%8h1.5061+0.106%$106.1Mas long as short
Variational Omni XRP+0.0100%8h1.4960−0.565%$4.7M$38.4Mas long as short
edgeX XRPUSDC+0.0100%4h1.4951−0.623%$649K$112.8M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.4988−0.382%$1.1M$37.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.4945−0.665%$1.2M$1.1M50xas long as short
Vest XRP-PERP+0.0100%1h1.5037−0.054%$15K10xas long as short
Polymarket Perps XRP-USDlong+0.0100%1h1.5045long leg$51K$489K20x
Bullet XRP-USD+0.0100%1h1.5043−0.013%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5047+0.013%$62K$934K50xas long as short
Derive XRP-PERP+0.0100%1h1.5050+0.034%$810K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5054+0.062%$126K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5054+0.060%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5041−0.030%$49.2M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5050+0.033%$53.7M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5063+0.123%$470K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5054+0.060%$1.9M$6.8M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5052+0.047%$58K$25K3xas long as short
Kalshi KXXRPPERP+0.0160%8h1.5037−0.053%$1.7M$35.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0173%1h1.5068+0.153%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0184%1h1.5056+0.073%$5.6M$48.3M50xas long as short
Hibachi XRP/USDT-P+0.0192%1h1.5000−0.296%$17K$82K7xas long as short
Reya XRPRUSDPERP+0.0218%1h1.5039−0.040%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5005−0.266%$23.2M$76.4M125xas long as short
RISEx XRP/USDC+0.0305%1h1.5065+0.135%$518K$786K10xas long as short
Aftermath Perps XRPUSD+0.0624%1h1.5011−0.229%$2K$16K10xas long as short