Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Binance−0.081%7-day average +0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$260.256% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.022%+$2 on $10k
Price spread, last 4 days (all we have)+1.462%+$146 · spread now −0.081%, 7d avg +0.029%
Together, before fees+1.484%+$148 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: Polymarket Perps is 0.109% cheaper against Binance than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance XRPUSDT1.51520.0100pay 0.0100% / 8h6h 19m$537.4M$2.11B100x
ShortPolymarket Perps XRP-USD1.51400.0100get 0.0013% / 1h19m 02s$44K$445K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Binance. 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: −0.081% → +0.029%
−$10.94
Slippage, 4 orders
−$7.65
Fee Binance: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$36.59
Costs to cover
0.256%
Break-even
never at this rate
Slippage from Binance: live order book, 10 min ago; Polymarket Perps: live order book, 49 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 Binance live order book, 10 min ago0.33 bp5.3 bp −$56.6 bp −$6612.2 bp −$1,22426.2 bp −$13.1K
Sell Polymarket Perps live order book, 49 min ago1.95 bp8.4 bp −$89.7 bp −$97doesn't fitdoesn't fit

XRP on 50 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%1h1.5144−0.054%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5133−0.126%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5170+0.117%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5134−0.117%$253K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0021% / S +0.0057%1h1.5131−0.141%$800K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.691%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5143−0.059%$14.5M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0072%8h1.5143−0.061%$62K$953K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5149−0.021%$7.6M$25.3M50xas long as short
Lighter XRP+0.0096%1h1.5148−0.030%$2.8M$14.3M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5148−0.028%$511K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5128−0.160%$10K$307K20xas long as short
Nado XRP-PERP+0.0100%1h1.5130−0.143%$930K$6.0M20xas long as short
Aster XRPUSDT+0.0100%8h1.5145−0.048%$38.5M$84.2M100xas long as short
Pacifica XRP+0.0100%1h1.5137−0.101%$608K$1.1M20xas long as short
Binance XRPUSDTlong+0.0100%8h1.5152long leg$537.4M$2.11B100x
Bybit XRPUSDT+0.0100%8h1.5151−0.008%$341.1M$940.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5154+0.012%$124.0M$872.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5173+0.137%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5135−0.114%$114K$701K20xas long as short
Bulk XRP-USD+0.0100%1h1.5190+0.246%$1.6M$330K20xas long as short
Gate XRP_USDT+0.0100%8h1.5144−0.054%$368.4M$152.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5142−0.068%$289.8M$914.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5144−0.056%$107.1M$171.3M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5147−0.035%$266.7M$384.4M125xas long as short
BingX XRP-USDC+0.0100%8h1.5135−0.114%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5151−0.010%$6.2M$35.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5154+0.009%$658K$109.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5186+0.223%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5155+0.018%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5141−0.076%$11K10xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5140−0.081%$44K$445K20x
Bullet XRP-USD+0.0100%1h1.5136−0.106%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5145−0.045%$815K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5151−0.008%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5147−0.035%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5139−0.089%$49.6M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5144−0.054%$53.8M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5129−0.153%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5144−0.058%$2.0M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5144−0.055%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5134−0.120%$8K$8K10xas long as short
Hyperliquid XRP+0.0195%1h1.5155+0.018%$280.5M$222.0M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5137−0.100%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5149−0.021%$5.7M$46.7M50xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5154+0.011%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0342%1h1.5156+0.025%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0361%8h1.5140−0.081%$2.1M$35.7M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5136−0.107%$529K$787K10xas long as short
Aftermath Perps XRPUSD+0.0749%1h1.5156+0.023%$2K$14K10xas long as short