Funding you earn now, next payment 09:00 UTC−0.0271%/8h= −29.7% APRnext payment −$0.34 per $10,000 · paid last 24h +0.015%
Price spread now: Kraken Futures against Polymarket Perps+0.077%48s7-day average −0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$18as 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−$280.276% of the position
Funding, last 7 days+0.098%+$10 on $10k
+Price spread, last 4 days (all we have)−0.572%−$57 · spread now +0.077%, 7d avg −0.008%
=The price spread pays, funding is against you. Kraken Futures is 0.085% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.077% now, against its 7-day average of −0.008%): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 25 hours. Mind the row above: over the last 7 days funding on this pair paid +0.098%, so the current rate has only just turned against you. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.098% in total (about 5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps XRP-USD | 1.5199 | 0.0100 | pay 0.0013% / 1h | 36m 31s | $52K | $511K | 20x |
| Short | Kraken Futures PF_XRPUSD | 1.5211 | −0.0171 | pay 0.0021% / 1h | 36m 31s | $14.7M | $75.3M | 50x |
Polymarket Perps XRP-USD
Kraken Futures PF_XRPUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$56.98
- Price spread: +0.077% → −0.008%
- $8.51
- Slippage, 4 orders
- −$9.6
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$76.08
- Costs to cover
- 0.276%
- Break-even
- never at this rate
Slippage from Polymarket Perps: live order book, 61 min ago; Kraken Futures: live order book, 3 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 Polymarket Perps live order book, 61 min ago | 1.65 bp | 7.4 bp −$7 | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 3 min ago | 0.99 bp | 7.3 bp −$7 | 9.8 bp −$98 | 19.2 bp −$1,918 | 41.9 bp −$20.9K |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSDshort | −0.0171% | 1h | 1.5211 | +0.077% | $14.7M | $75.3M | 50x | |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5218 | +0.125% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5208 | +0.059% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5220 | +0.138% | $68K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5213 | +0.092% | $7.7M | $23.8M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5211 | +0.080% | $247K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.375% | $2K | $107K | 30x | as long as short |
| Hibachi XRP/USDT-P | +0.0072% | 1h | 1.5204 | +0.031% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5202 | +0.018% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5206 | +0.046% | $620K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
Hibachi XRP/USDT-P
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5198 | −0.007% | $20K | $380K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5194 | −0.030% | $993K | $6.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5202 | +0.020% | $38.5M | $84.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5206 | +0.047% | $612K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5198 | −0.004% | $529.8M | $2.18B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5195 | −0.026% | $354.6M | $943.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5195 | −0.026% | $126.8M | $852.8M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5173 | −0.171% | $566K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5206 | +0.046% | $143K | $708K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5201 | +0.013% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5202 | +0.020% | $374.8M | $153.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5203 | +0.026% | $312.7M | $914.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5204 | +0.031% | $106.1M | $183.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5195 | −0.026% | $269.0M | $382.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5202 | +0.020% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5191 | −0.053% | $4.8M | $38.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5194 | −0.033% | $662K | $112.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5186 | −0.083% | $1.1M | $33.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5199 | 0.000% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5205 | +0.042% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USDlong | +0.0100% | 1h | 1.5199 | long leg | $52K | $511K | 20x | |
| Bullet XRP-USD | +0.0100% | 1h | 1.5216 | +0.114% | $41K | $68K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5213 | +0.092% | $78K | $648K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5214 | +0.099% | $818K | $76K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5223 | +0.159% | $128K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5209 | +0.066% | $30K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5211 | +0.079% | $49.7M | $15.2M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5211 | +0.079% | $54.3M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5207 | +0.055% | $474K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5197 | −0.016% | $2.1M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5211 | +0.078% | $58K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0118% / S −0.0083% | 1h | 1.5212 | +0.088% | $789K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0120% | 1h | 1.5202 | +0.020% | $9K | $2K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5210 | +0.072% | $5.5M | $47.8M | 50x | as long as short |
| Kalshi KXXRPPERP | +0.0171% | 8h | 1.5224 | +0.164% | $1.7M | $33.3M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0186% | 1h | 1.5217 | +0.116% | $290.8M | $267.2M | 20x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5209 | +0.066% | $23.7M | $78.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5213 | +0.094% | $1.3M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0233% | 1h | 1.5220 | +0.138% | $2.0M | $1.4M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5224 | +0.166% | $522K | $798K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0549% | 1h | 1.5214 | +0.096% | $3K | $16K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Coinbase International XRP-PERP-INTX
Kalshi KXXRPPERP
Hyperliquid XRP
BloFin XRP-USDT
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD