Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Bullet+0.015%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet XRP-USD	1.5330	0.0100	pay 0.0013% / 1h	3m 28s	$41K	$64K	20x
Short	Polymarket Perps XRP-USD	1.5332	0.0100	get 0.0013% / 1h	3m 28s	$52K	$470K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bullet. 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 BulletbpFee Polymarket PerpsbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0
Price spread: +0.015% → 0.000%: $1.5
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$14.5
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Bullet: no order-book sample; Polymarket Perps: live order book, 42 min ago. Net counts fees only.

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 Bullet no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 42 min ago	1.96 bp	6.0 bp −$6	8.4 bp −$84	doesn't fit	doesn't fit

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

XRP on 51 exchanges

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	1.5387	+0.374%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5327	−0.017%	$13.8M	$69.3M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5327	−0.021%	$1.1M	$154K	10x	as long as short
01 Exchange XRPUSD	0.0000%	1h	1.5335	+0.035%	$9K	$987	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.002%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5327	−0.018%	$7.7M	$20.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5323	−0.045%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.502%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5322	−0.049%	$17K	$70K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5329	−0.006%	$2.8M	$14.2M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5332	+0.015%	$599K	$3.2M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5329	−0.008%	$478K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5325	−0.031%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5324	−0.040%	$838K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5342	+0.080%	$297.6M	$264.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5330	+0.002%	$39.0M	$79.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5328	−0.011%	$589K	$987K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5329	−0.003%	$533.4M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5332	+0.015%	$361.5M	$859.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5331	+0.009%	$124.2M	$824.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5313	−0.109%	$562K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5331	+0.009%	$163K	$694K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5331	+0.009%	$377.8M	$161.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5330	+0.002%	$317.6M	$909.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5331	+0.010%	$105.0M	$180.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5330	+0.002%	$271.4M	$349.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5329	−0.005%	—	$97.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5324	−0.034%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5321	−0.057%	$667K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5326	−0.027%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5330	+0.002%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5329	−0.003%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5332	+0.015%	$52K	$470K	20x
Bullet XRP-USDlong	+0.0100%	1h	1.5330	long leg	$41K	$64K	20x
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5333	+0.022%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5303	−0.174%	$823K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5331	+0.007%	$129K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5324	−0.037%	$32K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5322	−0.051%	$49.9M	$13.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5323	−0.044%	$54.7M	$33.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5324	−0.034%	$1.6M	$66K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5321	−0.054%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5318	−0.073%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5329	−0.005%	$5.5M	$42.6M	50x	as long as short
Kalshi KXXRPPERP	+0.0116%	8h	1.5333	+0.022%	$1.9M	$35.4M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0160%	1h	1.5336	+0.041%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5328	−0.011%	$23.7M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5320	−0.066%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5329	−0.006%	$507K	$723K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0245% / S −0.0472%	1h	1.5328	−0.012%	$886K	—	200x	as long as short
Aftermath Perps XRPUSD	+0.0371%	1h	1.5314	−0.101%	$3K	$13K	10x	as long as short