XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.023%

Price spread now: Polymarket Perps against Coinbase International−0.122%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.054%−$5 on $10k

Price spread, last 3 days (all we have)+0.242%+$24 · spread now −0.122%, 7d avg −0.015%

Together, before fees+0.188%+$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Polymarket Perps is 0.107% cheaper against Coinbase International than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.015%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5605	0.0216	pay 0.0027% / 1h	49m 19s	$5.7M	$46.1M	50x
Short	Polymarket Perps XRP-USD	1.5586	0.0100	get 0.0013% / 1h	49m 19s	$53K	$436K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now −0.122%Rate

Funding earned: −$24.36
Price spread: −0.122% → −0.015%: −$10.71
Slippage, 4 orders: −$12.98
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$66.05
Costs to cover: 0.310%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Polymarket Perps: live order book, 33 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 Coinbase International live order book, 5 min ago	0.64 bp	8.0 bp −$8	9.4 bp −$94	25.4 bp −$2,543	doesn't fit
Sell Polymarket Perps live order book, 33 min ago	2.27 bp	6.9 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit

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
Hotstuff XRP-PERP	−0.0080%	1h	1.5587	−0.115%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5576	−0.187%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5587	−0.115%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.019%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5596	−0.055%	$15.7M	$67.3M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5598	−0.045%	$82K	$935K	50x	as long as short
Hibachi XRP/USDT-P	+0.0064%	1h	1.5577	−0.182%	$19K	$73K	7x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0071%	1h	1.5600	−0.032%	$9.6M	$24.9M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0147%	1h	1.5582	−0.148%	$922K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5605	−0.003%	$3.0M	$11.6M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5605	0.000%	$461K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5575	−0.189%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5588	−0.109%	$39.7M	$74.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5586	−0.123%	$673K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5602	−0.021%	$565.6M	$1.91B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5597	−0.051%	$354.3M	$869.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5592	−0.083%	$128.1M	$865.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5541	−0.410%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5586	−0.122%	$120K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.500%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5584	−0.135%	$371.6M	$134.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5584	−0.135%	$289.9M	$821.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5583	−0.142%	$112.8M	$153.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5594	−0.070%	$270.8M	$352.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5592	−0.083%	—	$115.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.518%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5540	−0.417%	$675K	$98.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	−0.221%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5590	−0.096%	$1.0M	$882K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5579	−0.167%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5586	−0.122%	$53K	$436K	20x
Bullet XRP-USD	+0.0100%	1h	1.5584	−0.135%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5594	−0.068%	$839K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5588	−0.110%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5597	−0.051%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5596	−0.056%	$51.3M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5598	−0.045%	$55.5M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5580	−0.158%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5581	−0.154%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5591	−0.089%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5595	−0.065%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5585	−0.128%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5582	−0.145%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5605	long leg	$5.7M	$46.1M	50x
BloFin XRP-USDT	+0.0220%	8h	1.5596	−0.058%	$24.6M	$71.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0336%	8h	1.5597	−0.051%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0371%	1h	1.5588	−0.109%	$1.8M	$977K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.096%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5591	−0.088%	$407K	$530K	10x	as long as short
Aftermath Perps XRPUSD	+0.0583%	1h	1.5565	−0.257%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0652%	1h	1.5598	−0.045%	$288.9M	$195.2M	20x	as long as short