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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Ondo Perps−0.112%7-day average +0.076% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.043%+$4 on $10k
Price spread, last 4 days (all we have)+0.326%+$33 · spread now −0.112%, 7d avg +0.076%
Together, before fees+0.369%+ Points / potential airdropOndo Perps: Active · farm board+$37 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 0.188% cheaper against Ondo Perps than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.076%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOndo Perps XRP-USD.P1.51610.0100pay 0.0013% / 1h42m 17s$563K$32K5x
ShortPolymarket Perps XRP-USD1.51440.0100get 0.0013% / 1h42m 17s$47K$491K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Ondo Perps. 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: −0.112% → +0.076%
−$18.77
Slippage, 4 orders
no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders
−$5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$31.77
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 65 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Ondo Perps no order-book sample
Sell Polymarket Perps live order book, 65 min ago2.32 bp8.2 bp −$810.2 bp −$102doesn't fitdoesn't fit
Ondo Perps: 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 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%1h1.5142−0.125%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5138−0.153%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5130−0.204%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5143−0.118%$245K150xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5150−0.074%$14.5M$75.4M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.632%$2K$107K30xas long as short
01 Exchange XRPUSD+0.0080%1h1.5149−0.079%$8K$8K10xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5148−0.086%$7.7M$25.0M50xas long as short
GMX XRP/USD [ETH-USDC]L +0.0081% / S −0.0029%1h1.5143−0.121%$799K200xas long as short
Lighter XRP+0.0096%1h1.5139−0.146%$2.8M$15.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5142−0.125%$545K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5143−0.119%$13K$368K20xas long as short
Nado XRP-PERP+0.0100%1h1.5138−0.148%$985K$6.4M20xas long as short
Aster XRPUSDT+0.0100%8h1.5143−0.119%$38.4M$87.6M100xas long as short
Pacifica XRP+0.0100%1h1.5141−0.135%$605K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5144−0.112%$529.8M$2.23B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5140−0.139%$345.3M$969.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5143−0.119%$127.2M$891.1M100xas long as short
Ondo Perps XRP-USD.Plong+0.0100%1h1.5161long leg$563K$32K5x
Arcus XRP-USD+0.0100%1h1.5148−0.086%$143K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5145−0.106%$1.6M$5K20xas long as short
Gate XRP_USDT+0.0100%8h1.5144−0.112%$372.7M$159.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5142−0.125%$299.2M$921.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5144−0.111%$107.4M$182.1M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5139−0.145%$267.2M$400.2M125xas long as short
BingX XRP-USDT+0.0100%8h1.5142−0.125%$106.4Mas long as short
Variational Omni XRP+0.0100%8h1.5118−0.285%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5135−0.171%$657K$114.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5133−0.185%$1.1M$36.3M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5147−0.092%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5148−0.084%$15K10xas long as short
Polymarket Perps XRP-USDshort+0.0100%1h1.5144−0.112%$47K$491K20x
Bullet XRP-USD+0.0100%1h1.5144−0.112%$41K$70K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5141−0.132%$65K$810K50xas long as short
Derive XRP-PERP+0.0100%1h1.5142−0.124%$815K$73K10xas long as short
SunX XRP-USDT+0.0100%8h1.5145−0.105%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5148−0.086%$30K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5150−0.073%$49.5M$15.7M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5146−0.099%$54.1M$32.2M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5146−0.096%$472K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5136−0.168%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5141−0.132%$58K$25K3xas long as short
Backpack XRP_USDC_PERP+0.0158%1h1.5152−0.059%$2.0M$1.4M25xas long as short
Hyperliquid XRP+0.0159%1h1.5156−0.033%$288.7M$265.0M20xas long as short
Hibachi XRP/USDT-P+0.0160%1h1.5161−0.001%$17K$79K7xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5152−0.059%$5.7M$48.3M50xas long as short
Kalshi KXXRPPERP+0.0218%8h1.5157−0.026%$1.7M$35.3M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5139−0.145%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5144−0.112%$23.5M$77.8M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5146−0.098%$522K$795K10xas long as short
Aftermath Perps XRPUSD+0.0563%1h1.5154−0.047%$2K$16K10xas long as short