Funding you earn now, next payment 07:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.024%
Price spread now: Polymarket Perps against Deribit−0.092%48s7-day average −0.011% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as 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−$250.249% of the position
Funding, last 7 days−0.131%−$13 on $10k
+Price spread, last 4 days (all we have)+0.156%+$16 · spread now −0.092%, 7d avg −0.011%
=Funding pays, the price is against you. Polymarket Perps is 0.082% cheaper against Deribit than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.011%). If the spread goes back, that is −$8 on $10k: about 14 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit XRP_USDC-PERPETUAL | 1.5150 | 0.0080 | pay 0.0010% / 1h | 54m 29s | $7.7M | $25.2M | 50x |
| Short | Polymarket Perps XRP-USD | 1.5136 | 0.0100 | get 0.0013% / 1h | 54m 29s | $46K | $491K | 20x |
Deribit XRP_USDC-PERPETUAL
Polymarket Perps XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Deribit. 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
- $4.2
- Price spread: −0.092% → −0.011%
- −$8.17
- Slippage, 4 orders
- −$9.91
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$28.87
- Costs to cover
- 0.249%
- Break-even
- 55.1 days
Slippage from Deribit: live order book, 5 min ago; Polymarket Perps: live order book, 53 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 Deribit live order book, 5 min ago | 0.99 bp | 4.5 bp −$4 | 6.3 bp −$63 | 40.5 bp −$4,046 | doesn't fit |
| Sell Polymarket Perps live order book, 53 min ago | 2.32 bp | 8.2 bp −$8 | 10.2 bp −$102 | 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 | 1.5145 | −0.033% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5125 | −0.167% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5150 | 0.000% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5145 | −0.034% | $245K | — | 150x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0025% | 1h | 1.5147 | −0.021% | $14.4M | $75.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.706% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5136 | −0.092% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0077% / S −0.0023% | 1h | 1.5143 | −0.046% | $799K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUALlong | +0.0080% | 1h | 1.5150 | long leg | $7.7M | $25.2M | 50x | |
| Lighter XRP | +0.0096% | 1h | 1.5135 | −0.101% | $2.8M | $15.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Kraken Futures PF_XRPUSD
Injective XRP/USDC PERP
01 Exchange XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5135 | −0.099% | $546K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5122 | −0.185% | $12K | $367K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5128 | −0.142% | $994K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5131 | −0.125% | $38.4M | $87.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5135 | −0.097% | $602K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5130 | −0.129% | $527.8M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5131 | −0.125% | $344.0M | $967.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5132 | −0.119% | $126.9M | $890.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5154 | +0.026% | $564K | $32K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5140 | −0.066% | $143K | $718K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5166 | +0.106% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5127 | −0.152% | $374.5M | $157.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5124 | −0.172% | $296.5M | $916.5M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5136 | −0.094% | $107.3M | $182.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5131 | −0.125% | $266.3M | $399.4M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5131 | −0.125% | — | $106.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5135 | −0.100% | $4.7M | $38.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5133 | −0.115% | $659K | $114.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5133 | −0.112% | $1.1M | $36.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5156 | +0.040% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5138 | −0.080% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USDshort | +0.0100% | 1h | 1.5136 | −0.092% | $46K | $491K | 20x | |
| Bullet XRP-USD | +0.0100% | 1h | 1.5140 | −0.067% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5145 | −0.033% | $62K | $932K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5147 | −0.022% | $815K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5150 | 0.000% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5145 | −0.033% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5149 | −0.006% | $49.5M | $15.7M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5150 | 0.000% | $54.1M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5139 | −0.071% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5127 | −0.149% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5143 | −0.044% | $58K | $25K | 3x | as long as short |
| Hibachi XRP/USDT-P | +0.0168% | 1h | 1.5152 | +0.010% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5151 | +0.007% | $5.7M | $48.4M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0177% | 1h | 1.5152 | +0.013% | $2.0M | $1.4M | 25x | as long as short |
| Hyperliquid XRP | +0.0183% | 1h | 1.5145 | −0.033% | $288.9M | $264.1M | 20x | as long as short |
| Kalshi KXXRPPERP | +0.0212% | 8h | 1.5153 | +0.020% | $1.8M | $35.4M | 2.9x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5129 | −0.137% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5142 | −0.053% | $23.5M | $77.7M | 125x | as long as short |
| RISEx XRP/USDC | +0.0316% | 1h | 1.5137 | −0.086% | $522K | $797K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0571% | 1h | 1.5154 | +0.024% | $2K | $16K | 10x | as long as short |
Lighter RH XRP
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-USDT
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
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Hyperliquid XRP
Kalshi KXXRPPERP
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD