XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.018%

Price spread now: Polymarket Perps against Injective−2.545%51s7-day average +0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$121as 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−$1061.057% of the position

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.156%−$16 on $10k

Price spread, last 4 days (all we have)+3.203%+$320 · spread now −2.545%, 7d avg +0.045%

Together, before fees+3.047%+$305 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 2.590% cheaper against Injective than usual: you would sell low and buy high (spread −2.545% now, against its 7-day average of +0.045%). If the spread goes back, that is −$259 on $10k: about 4 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.156%, so the current rate has only just turned in your favour. The two prices were read 51 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	Injective XRP/USDC PERP	1.5560	0.0033	pay 0.0004% / 1h	13m 42s	$2K	$107K	30x
Short	Polymarket Perps XRP-USD	1.5164	0.0100	get 0.0013% / 1h	13m 42s	$52K	$515K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Injective. 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 InjectivebpFee Polymarket PerpsbpOrdersPrice spread, now −2.545%Rate

Funding earned: $14
Price spread: −2.545% → +0.045%: −$259.05
Slippage, 4 orders: −$97.68
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$350.74
Costs to cover: 1.057%
Break-even: 182.4 days

Slippage from Injective: live order book, 25 min ago; Polymarket Perps: live order book, 24 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 Injective live order book, 25 min ago	39.42 bp	39.4 bp −$39	48.2 bp −$482	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 24 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
Hotstuff XRP-PERP	−0.0080%	1h	1.5157	−2.590%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5169	−2.513%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	−2.526%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5175	−2.474%	$7.7M	$24.2M	50x	as long as short
Injective XRP/USDC PERPlong	+0.0033%	1h	1.5560	long leg	$2K	$107K	30x
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5168	−2.518%	$14.5M	$73.8M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	−2.508%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5173	−2.487%	$604K	$3.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5152	−2.622%	$17K	$78K	7x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5154	−2.609%	$20K	$384K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5159	−2.578%	$997K	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5172	−2.493%	$38.5M	$86.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5167	−2.523%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5172	−2.494%	$529.3M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5169	−2.513%	$349.7M	$951.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5168	−2.519%	$127.3M	$863.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5145	−2.667%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5167	−2.526%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	−2.455%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5174	−2.481%	$377.7M	$162.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5174	−2.481%	$311.0M	$928.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5177	−2.460%	$106.7M	$183.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5171	−2.500%	$268.8M	$389.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5168	−2.519%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5148	−2.647%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5160	−2.568%	$659K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5177	−2.463%	$1.1M	$34.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5181	−2.436%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5166	−2.533%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDshort	+0.0100%	1h	1.5164	−2.545%	$52K	$515K	20x
Bullet XRP-USD	+0.0100%	1h	1.5165	−2.539%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5170	−2.506%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5171	−2.497%	$816K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5165	−2.542%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5169	−2.513%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5167	−2.526%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5167	−2.526%	$54.1M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5172	−2.494%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5171	−2.499%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5164	−2.545%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5169	−2.512%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0107% / S −0.0070%	1h	1.5151	−2.626%	$773K	—	200x	as long as short
Hyperliquid XRP	+0.0141%	1h	1.5182	−2.429%	$289.9M	$268.2M	20x	as long as short
Kalshi KXXRPPERP	+0.0167%	8h	1.5173	−2.487%	$1.8M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0170%	1h	1.5185	−2.410%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5173	−2.487%	$5.6M	$48.0M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5153	−2.616%	$23.5M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5144	−2.676%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5166	−2.533%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−2.442%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0595%	1h	1.5161	−2.565%	$2K	$16K	10x	as long as short