XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0011%/8h= −1.2% APRnext payment −$0.01 per $10,000 · paid last 24h −0.020%

Price spread now: Injective against Polymarket Perps+1.328%7-day average −0.314% · you sell dearer than you buy

Net, funding: paid 7d − costs−$95as in the Funding arb table

Net, price: spread back to 7d avg − costs+$54as in the Price arb table

costs, in and out, $10k−$1111.105% of the position

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.154%+$15 on $10k

Price spread, last 3 days (all we have)−2.008%−$201 · spread now +1.328%, 7d avg −0.314%

Together, before fees−1.854%−$185 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.642% dearer against Polymarket Perps than usual: you sell high and buy low (spread +1.328% now, against its 7-day average of −0.314%): +$164 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 17 months. Mind the row above: over the last 7 days funding on this pair paid +0.154%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5356	0.0100	pay 0.0013% / 1h	0m 58s	$48K	$458K	20x
Short	Injective XRP/USDC PERP	1.5560	0.0089	get 0.0011% / 1h	0m 58s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.328%Rate

Funding earned: −$2.27
Price spread: +1.328% → −0.314%: $164.22
Slippage, 4 orders: −$102.49
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $51.44
Costs to cover: 1.105%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 11 min ago; Injective: live order book, 13 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, 11 min ago	1.63 bp	8.1 bp −$8	10.7 bp −$107	doesn't fit	doesn't fit
Sell Injective live order book, 13 min ago	39.09 bp	57.7 bp −$58	67.1 bp −$671	doesn't fit	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	1.5350	−0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5343	−0.082%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.039%	$68K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5355	−0.005%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0007% / S +0.0090%	1h	1.5354	−0.013%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5373	+0.110%	$14.9M	$70.2M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5365	+0.059%	$75K	$910K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0075%	1h	1.5376	+0.130%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERPshort	+0.0089%	1h	1.5560	+1.328%	$2K	$107K	30x
Lighter XRP	+0.0096%	1h	1.5374	+0.117%	$2.9M	$13.8M	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	1.5376	+0.130%	$514K	$3.3M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5347	−0.062%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5372	+0.106%	$38.9M	$82.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5350	−0.038%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5368	+0.077%	$542.4M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5370	+0.091%	$340.5M	$932.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5365	+0.059%	$125.9M	$886.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.234%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5348	−0.052%	$117K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5333	−0.149%	$1.7M	$570K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5369	+0.085%	$372.4M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5367	+0.072%	$303.7M	$901.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5369	+0.087%	$109.5M	$167.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5369	+0.085%	$268.8M	$378.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5370	+0.091%	—	$123.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.062%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5324	−0.211%	$665K	$106.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5319	−0.239%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5328	−0.182%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5348	−0.052%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5356	long leg	$48K	$458K	20x
Bullet XRP-USD	+0.0100%	1h	1.5356	−0.001%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5369	+0.082%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.096%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5373	+0.111%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5366	+0.063%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5372	+0.104%	$54.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5348	−0.053%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	−0.078%	$12K	$271K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5366	+0.064%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5363	+0.046%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5347	−0.059%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5353	−0.023%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5374	+0.117%	$24.1M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5384	+0.182%	$5.8M	$47.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0267%	1h	1.5381	+0.163%	$1.7M	$1.1M	25x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5341	−0.099%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0315%	8h	1.5384	+0.182%	$2.3M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0553%	1h	1.5386	+0.195%	$291.4M	$216.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5352	−0.025%	$525K	$746K	10x	as long as short
Aftermath Perps XRPUSD	+0.0781%	1h	1.5335	−0.139%	$1K	$11K	10x	as long as short