Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

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: OKX against Polymarket Perps+0.093%47s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$270.265% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 4 days (all we have)−0.483%−$48 · spread now +0.093%, 7d avg −0.033%

Together, before fees−0.465%−$47 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: OKX is 0.126% dearer against Polymarket Perps than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.033%. 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	1.5112	0.0100	pay 0.0013% / 1h	52m 46s	$50K	$490K	20x
Short	OKX XRP-USDT-SWAP	1.5126	0.0100	get 0.0100% / 8h	2h 52m	$125.3M	$888.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.033%: $12.6
Slippage, 4 orders: −$8.54
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.93
Costs to cover: 0.265%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 60 min ago; OKX: live order book, 1 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, 60 min ago	1.64 bp	6.8 bp −$7	9.2 bp −$92	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	0.33 bp	5.8 bp −$6	7.3 bp −$73	13.0 bp −$1,301	28.3 bp −$14.1K

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	1.5107	−0.033%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5114	+0.014%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5118	+0.038%	$1.1M	$115K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5120	+0.053%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5117	+0.033%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5108	−0.028%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.965%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5111	−0.007%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0069% / S −0.0013%	1h	1.5108	−0.024%	$792K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5120	+0.056%	$2.8M	$14.8M	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	1.5121	+0.060%	$497K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5106	−0.040%	$10K	$356K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5111	−0.010%	$941K	$6.2M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5127	+0.099%	$291.0M	$257.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5115	+0.020%	$38.7M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5122	+0.068%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5120	+0.053%	$531.9M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5123	+0.073%	$342.2M	$949.9M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5126	+0.093%	$125.3M	$888.7M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	+0.079%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5113	+0.007%	$137K	$717K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5122	+0.066%	$372.4M	$155.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5119	+0.046%	$294.0M	$904.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5118	+0.042%	$107.8M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5118	+0.040%	$268.4M	$392.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5115	+0.020%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5139	+0.178%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5113	+0.005%	$656K	$111.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5138	+0.169%	$1.1M	$37.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	+0.232%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5109	−0.020%	—	$11K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5112	long leg	$50K	$490K	20x
Bullet XRP-USD	+0.0100%	1h	1.5111	−0.008%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5109	−0.020%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5108	−0.027%	$813K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5113	+0.010%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5113	+0.007%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5113	+0.005%	$49.4M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5118	+0.040%	$53.9M	$31.7M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.030%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5109	−0.022%	$471K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5116	+0.025%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5110	−0.013%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0159%	8h	1.5113	+0.007%	$1.8M	$35.5M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5125	+0.086%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5116	+0.026%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5109	−0.018%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5115	+0.020%	$24.2M	$75.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5109	−0.017%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5111	−0.003%	$515K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0644%	1h	1.5120	+0.050%	$2K	$15K	10x	as long as short