XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0174%/8h= −19.0% APRnext payment −$0.22 per $10,000 · paid last 24h −0.017%

Price spread now: Polymarket Perps against Kraken Futures−0.099%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.099%, 7d avg +0.007%

Together, before fees+0.065%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.106% cheaper against Kraken Futures than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.007%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_XRPUSD	1.5120	0.0274	pay 0.0034% / 1h	52m 38s	$14.5M	$72.8M	50x
Short	Polymarket Perps XRP-USD	1.5105	0.0100	get 0.0013% / 1h	52m 38s	$41K	$447K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$36.51
Price spread: −0.099% → +0.007%: −$10.57
Slippage, 4 orders: −$18.88
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$83.96
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Polymarket Perps: live order book, 10 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 Kraken Futures live order book, 2 min ago	1.66 bp	11.6 bp −$12	13.9 bp −$139	20.7 bp −$2,071	38.6 bp −$19.3K
Sell Polymarket Perps live order book, 10 min ago	0.99 bp	7.4 bp −$7	8.8 bp −$88	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	1.5089	−0.205%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5128	+0.056%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5117	−0.017%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0026% / S +0.0050%	1h	1.5116	−0.024%	$798K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.911%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5123	+0.020%	$62K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5126	+0.040%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5132	+0.077%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5131	+0.073%	$509K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5112	−0.052%	$9K	$305K	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5098	−0.142%	$985K	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5137	+0.113%	$279.6M	$219.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5130	+0.068%	$38.3M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5131	+0.073%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5129	+0.062%	$536.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5129	+0.060%	$342.0M	$924.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5131	+0.073%	$124.8M	$862.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5072	−0.317%	$561K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5131	+0.073%	$114K	$694K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5087	−0.221%	$1.6M	$161K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	+0.047%	$368.9M	$150.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5128	+0.053%	$293.2M	$891.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5128	+0.053%	$106.6M	$170.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5125	+0.034%	$266.5M	$379.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5129	+0.060%	—	$126.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	+0.153%	$6.1M	$35.9M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5094	−0.168%	$655K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5115	−0.033%	$1.1M	$35.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5094	−0.171%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5103	−0.112%	—	$11K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5105	−0.099%	$41K	$447K	20x
Bullet XRP-USD	+0.0100%	1h	1.5119	−0.005%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5126	+0.037%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5110	−0.066%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5122	+0.014%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5108	−0.078%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5123	+0.020%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.059%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5125	+0.032%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5121	+0.008%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0213%	1h	1.5125	+0.034%	$7.7M	$25.1M	50x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5104	−0.105%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5128	+0.053%	$5.6M	$46.3M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0229%	1h	1.5133	+0.086%	$1.9M	$1.3M	25x	as long as short
Kraken Futures PF_XRPUSDlong	+0.0274%	1h	1.5120	long leg	$14.5M	$72.8M	50x
Hibachi XRP/USDT-P	+0.0320%	1h	1.5091	−0.188%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0356%	8h	1.5110	−0.066%	$2.1M	$34.9M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5129	+0.059%	$527K	$787K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5100	−0.132%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0742%	1h	1.5113	−0.044%	$2K	$14K	10x	as long as short