XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.023%

Price spread now: Polymarket Perps against Coinbase International−0.013%47s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as 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−$330.326% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.013%, 7d avg −0.015%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.015%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. 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	Coinbase International XRP-PERP-INTX	1.5715	0.0216	pay 0.0027% / 1h	44m 30s	$5.8M	$46.7M	50x
Short	Polymarket Perps XRP-USD	1.5713	0.0100	get 0.0013% / 1h	44m 30s	$48K	$444K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$24.36
Price spread: −0.013% → −0.015%: $0.19
Slippage, 4 orders: −$14.62
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$56.78
Costs to cover: 0.326%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 38 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 Coinbase International live order book, 5 min ago	0.32 bp	9.2 bp −$9	10.3 bp −$103	23.1 bp −$2,312	doesn't fit
Sell Polymarket Perps live order book, 38 min ago	2.27 bp	6.9 bp −$7	9.8 bp −$98	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	1.5729	+0.089%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5735	+0.127%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5710	−0.032%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.704%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5709	−0.039%	$15.7M	$67.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5707	−0.051%	$81K	$936K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0068%	1h	1.5710	−0.032%	$9.7M	$25.0M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0081% / S +0.0142%	1h	1.5700	−0.098%	$925K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5742	+0.172%	$3.1M	$11.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5744	+0.185%	$462K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hibachi XRP/USDT-P	+0.0096%	1h	1.5709	−0.036%	$19K	$77K	7x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5704	−0.067%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5734	+0.123%	$40.1M	$75.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5743	+0.176%	$680K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5719	+0.026%	$570.3M	$1.93B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5703	−0.076%	$354.7M	$874.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5702	−0.083%	$129.4M	$873.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.636%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5737	+0.140%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−1.196%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5731	+0.102%	$376.9M	$135.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5703	−0.076%	$291.9M	$827.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5705	−0.060%	$113.4M	$153.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5706	−0.057%	$272.6M	$354.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5731	+0.102%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	−0.515%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5621	−0.596%	$678K	$98.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	−0.509%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5628	−0.554%	$1.0M	$879K	50x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5713	−0.013%	$48K	$444K	20x
Bullet XRP-USD	+0.0100%	1h	1.5713	−0.013%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5708	−0.045%	$846K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5713	−0.016%	$132K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5709	−0.038%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5697	−0.113%	$51.6M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5703	−0.076%	$55.9M	$28.9M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5702	−0.083%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5728	+0.081%	$490K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5735	+0.127%	$12K	$247K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5731	+0.100%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5695	−0.126%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5735	+0.127%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5705	−0.062%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5715	long leg	$5.8M	$46.7M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5701	−0.089%	$24.7M	$72.4M	125x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5690	−0.159%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0372%	1h	1.5726	+0.070%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.795%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5739	+0.151%	$413K	$560K	10x	as long as short
Aftermath Perps XRPUSD	+0.0591%	1h	1.5631	−0.537%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0646%	1h	1.5723	+0.051%	$291.8M	$197.8M	20x	as long as short