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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against Gate−0.059%7-day average +0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$340.344% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.021%−$2 on $10k
Price spread, last 4 days (all we have)+1.437%+$144 · spread now −0.059%, 7d avg +0.030%
Together, before fees+1.416%+$142 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 0.089% cheaper against Gate than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate XRP_USDT1.51710.0100pay 0.0100% / 8h16m 46s$377.7M$162.5M100x
ShortPolymarket Perps XRP-USD1.51620.0100get 0.0013% / 1h16m 46s$52K$515K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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: −0.059% → +0.030%
−$8.88
Slippage, 4 orders
−$11.42
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$43.3
Costs to cover
0.344%
Break-even
never at this rate
Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 21 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 Gate live order book, 2 min ago0.33 bp9.2 bp −$914.1 bp −$14128.5 bp −$2,84739.5 bp −$19.7K
Sell Polymarket Perps live order book, 21 min ago1.65 bp6.9 bp −$79.6 bp −$96doesn't fitdoesn't fit

XRP on 51 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%1h1.5160−0.073%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5169−0.014%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5161−0.064%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5169−0.013%$7.7M$24.2M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.564%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5170−0.004%$14.5M$73.8M50xas long as short
Lighter XRP+0.0096%1h1.5169−0.014%$2.8M$15.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5168−0.020%$604K$3.2M20xas long as short
Hibachi XRP/USDT-P+0.0096%1h1.5163−0.055%$17K$78K7xas long as short
Katana Perps XRP-USD+0.0099%8h1.5160−0.073%$20K$383K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERP+0.0100%1h1.5163−0.052%$998K$6.3M20xas long as short
Aster XRPUSDT+0.0100%8h1.5167−0.027%$38.5M$86.6M100xas long as short
Pacifica XRP+0.0100%1h1.5168−0.022%$610K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5164−0.049%$529.0M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5160−0.073%$349.3M$951.8M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5163−0.053%$127.1M$863.5M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5179+0.053%$564K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5170−0.007%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5178+0.047%$1.6M$13K20xas long as short
Gate XRP_USDTlong+0.0100%8h1.5171long leg$377.7M$162.5M100x
MEXC XRP_USDT+0.0100%8h1.5166−0.033%$307.2M$927.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5168−0.017%$106.6M$183.6M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5161−0.066%$268.7M$389.1M125xas long as short
BingX XRP-USDT+0.0100%8h1.5169−0.013%$107.9Mas long as short
Variational Omni XRP+0.0100%8h1.5131−0.265%$4.8M$38.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5169−0.012%$660K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5177+0.038%$1.1M$34.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5181+0.066%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5167−0.024%$15K10xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5162−0.059%$52K$515K20x
Bullet XRP-USD+0.0100%1h1.5162−0.057%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5164−0.046%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5167−0.028%$816K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5164−0.044%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5166−0.033%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5160−0.070%$49.5M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5168−0.020%$54.0M$32.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5169−0.011%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5165−0.037%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5167−0.026%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5164−0.049%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0106% / S −0.0069%1h1.5162−0.061%$774K200xas long as short
Hyperliquid XRP+0.0142%1h1.5183+0.079%$289.9M$268.1M20xas long as short
Backpack XRP_USDC_PERP+0.0166%1h1.5180+0.059%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0172%8h1.51710.000%$1.8M$34.0M2.9xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5172+0.007%$5.6M$48.0M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5163−0.053%$23.6M$77.7M125xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5156−0.097%$1.3M$4K15xas long as short
RISEx XRP/USDC+0.0394%1h1.5169−0.013%$521K$807K10xas long as short
Phoenix XRP+0.0526%1h1.5180+0.059%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0599%1h1.5158−0.085%$2K$16K10xas long as short