Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Gate+0.086%48s7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as 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−$340.336% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.663%+$66 · spread now +0.086%, 7d avg +0.029%

Together, before fees+0.637%+$64 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 0.057% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.029%. 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	Gate XRP_USDT	1.5160	0.0100	pay 0.0100% / 8h	7h 26m	$377.1M	$154.2M	100x
Short	Polymarket Perps XRP-USD	1.5173	0.0100	get 0.0013% / 1h	26m 35s	$52K	$509K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now +0.086%Rate

Funding earned: $0
Price spread: +0.086% → +0.029%: $5.72
Slippage, 4 orders: −$10.56
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$27.84
Costs to cover: 0.336%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; Polymarket Perps: live order book, 71 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 Gate live order book, 2 min ago	0.66 bp	9.2 bp −$9	13.1 bp −$131	27.8 bp −$2,781	37.6 bp −$18.8K
Sell Polymarket Perps live order book, 71 min ago	1.65 bp	6.9 bp −$7	9.6 bp −$96	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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5175	+0.101%	$14.7M	$74.4M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5174	+0.092%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.066%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5154	−0.038%	$246K	—	150x	as long as short
dYdX XRP-USD	+0.0009%	1h	1.5179	+0.125%	$1.1M	$158K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5177	+0.112%	$7.7M	$23.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.639%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5155	−0.035%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5168	+0.053%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5169	+0.059%	$616K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange XRPUSD	+0.0096%	1h	1.5163	+0.020%	$8K	$2K	10x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5153	−0.046%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5168	+0.056%	$991K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5168	+0.053%	$38.5M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5168	+0.053%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5165	+0.033%	$528.3M	$2.17B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5163	+0.020%	$353.0M	$938.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5162	+0.013%	$126.1M	$846.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5125	−0.231%	$557K	$40K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5167	+0.046%	$143K	$703K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5141	−0.122%	$1.6M	$13K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5160	long leg	$377.1M	$154.2M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5165	+0.033%	$313.2M	$918.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5165	+0.033%	$106.7M	$183.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5155	−0.033%	$267.9M	$377.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5157	−0.020%	—	$108.3M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5142	−0.119%	$4.8M	$38.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5143	−0.112%	$658K	$112.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5143	−0.113%	$1.1M	$33.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5148	−0.079%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5177	+0.109%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5173	+0.086%	$52K	$509K	20x
Bullet XRP-USD	+0.0100%	1h	1.5179	+0.125%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5171	+0.073%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5150	−0.069%	$815K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5176	+0.106%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5174	+0.092%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5175	+0.100%	$49.5M	$14.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5178	+0.119%	$54.1M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5166	+0.037%	$473K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5153	−0.045%	$2.1M	$6.6M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5170	+0.067%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0120% / S −0.0086%	1h	1.5174	+0.095%	$786K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5176	+0.106%	$5.3M	$47.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5183	+0.152%	$1.7M	$33.2M	2.9x	as long as short
Hyperliquid XRP	+0.0175%	1h	1.5181	+0.139%	$290.2M	$268.0M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0196%	1h	1.5182	+0.145%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5177	+0.112%	$23.8M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5166	+0.041%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5164	+0.025%	$519K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0553%	1h	1.5178	+0.117%	$2K	$16K	10x	as long as short