XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0019%/8h= +2.1% APRnext payment +$0.02 per $10,000 · paid last 24h +0.026%

Price spread now: Polymarket Perps against Deribit+0.053%48s7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as 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−$240.238% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.130%−$13 on $10k

Price spread, last 3 days (all we have)−0.027%−$3 · spread now +0.053%, 7d avg −0.012%

Together, before fees−0.158%−$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.065% dearer against Deribit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.130%, so the current rate has only just turned in your favour. The two prices were read 48 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	Deribit XRP_USDC-PERPETUAL	1.5123	0.0081	pay 0.0010% / 1h	15m 30s	$7.6M	$25.3M	50x
Short	Polymarket Perps XRP-USD	1.5131	0.0100	get 0.0013% / 1h	15m 30s	$44K	$445K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Deribit. 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 DeribitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.053%Rate

Funding earned: $3.99
Price spread: +0.053% → −0.012%: $6.5
Slippage, 4 orders: −$8.78
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$13.29
Costs to cover: 0.238%
Break-even: 30.3 days

Slippage from Deribit: live order book, 4 min ago; Polymarket Perps: live order book, 52 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 Deribit live order book, 4 min ago	0.66 bp	4.7 bp −$5	7.4 bp −$74	38.4 bp −$3,839	doesn't fit
Sell Polymarket Perps live order book, 52 min ago	1.95 bp	8.4 bp −$8	9.7 bp −$97	doesn't fit	doesn't fit

XRP on 50 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	1.5121	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5121	−0.013%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.245%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5118	−0.030%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5120	−0.020%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.890%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5119	−0.024%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5122	−0.007%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUALlong	+0.0081%	1h	1.5123	long leg	$7.6M	$25.3M	50x
Lighter XRP	+0.0096%	1h	1.5127	+0.027%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5127	+0.026%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5118	−0.033%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5126	+0.018%	$935K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5128	+0.031%	$38.4M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5128	+0.034%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5128	+0.033%	$536.8M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5126	+0.020%	$340.5M	$940.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5133	+0.066%	$124.1M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	+0.046%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5132	+0.060%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5125	+0.010%	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	+0.026%	$368.0M	$152.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5129	+0.040%	$290.7M	$916.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5125	+0.015%	$106.9M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5130	+0.046%	$266.5M	$384.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5126	+0.020%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5120	−0.022%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	+0.072%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.195%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	+0.073%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.046%	—	$11K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5131	+0.053%	$44K	$445K	20x
Bullet XRP-USD	+0.0100%	1h	1.5129	+0.036%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5125	+0.014%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5133	+0.066%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5121	−0.013%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5122	−0.008%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5124	+0.007%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.043%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5125	+0.012%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5122	−0.006%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5132	+0.060%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0184%	1h	1.5138	+0.099%	$280.1M	$222.3M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5127	+0.026%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5125	+0.013%	$5.7M	$46.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5128	+0.031%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0337%	1h	1.5129	+0.040%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5131	+0.053%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5133	+0.067%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5144	+0.137%	$2K	$14K	10x	as long as short