Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Polymarket Perps−0.026%7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$260.260% of the position

Long on Polymarket Perps Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.339%−$34 · spread now −0.026%, 7d avg −0.033%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5540	0.0100	pay 0.0013% / 1h	4m 02s	$46K	$449K	20x
Short	Arcus XRP-USD	1.5536	0.0100	get 0.0013% / 1h	4m 02s	$119K	$746K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 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 Polymarket PerpsbpFee ArcusbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.033%: $0.69
Slippage, 4 orders: −$13.53
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$25.34
Costs to cover: 0.260%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 13 min ago; Arcus: live order book, 15 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, 13 min ago	2.25 bp	7.5 bp −$7	9.5 bp −$95	doesn't fit	doesn't fit
Sell Arcus live order book, 15 min ago	0.64 bp	5.5 bp −$5	9.2 bp −$92	30.0 bp −$2,996	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	1.5539	−0.006%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5532	−0.053%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5541	+0.006%	$9.6M	$25.2M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0001% / S +0.0112%	1h	1.5539	−0.004%	$854K	—	200x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5539	−0.005%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.129%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5538	−0.010%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5538	−0.013%	$76K	$909K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5540	−0.002%	$3.0M	$12.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5544	+0.026%	$444K	$3.2M	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	1.5537	−0.016%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5538	−0.011%	$39.5M	$79.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5536	−0.023%	$640K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5542	+0.013%	$559.2M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5543	+0.019%	$346.4M	$904.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5541	+0.006%	$127.8M	$883.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5500	−0.257%	$576K	$41K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5536	−0.026%	$119K	$746K	20x
Bulk XRP-USD	+0.0100%	1h	1.5501	−0.249%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5537	−0.019%	$372.2M	$144.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5538	−0.013%	$300.9M	$869.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5536	−0.024%	$113.4M	$161.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5543	+0.019%	$271.3M	$366.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5536	−0.026%	—	$119.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5512	−0.178%	$11.5M	$30.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5481	−0.381%	$672K	$102.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5513	−0.173%	$1.1M	$41.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5496	−0.283%	$1.0M	$885K	50x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5540	long leg	$46K	$449K	20x
Bullet XRP-USD	+0.0100%	1h	1.5539	−0.007%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5541	+0.007%	$837K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5542	+0.010%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5538	−0.013%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5540	+0.002%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5539	−0.006%	$55.3M	$29.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5530	−0.064%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5531	−0.061%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5533	−0.045%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5539	−0.003%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5537	−0.021%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5537	−0.019%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5538	−0.016%	$1.4M	$8K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5548	+0.051%	$6.0M	$47.6M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5516	−0.154%	$24.5M	$73.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5511	−0.184%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0298%	1h	1.5547	+0.045%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5546	+0.039%	$2.0M	$33.3M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5520	−0.129%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5545	+0.033%	$509K	$630K	10x	as long as short
Hyperliquid XRP	+0.0581%	1h	1.5554	+0.090%	$291.9M	$205.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0775%	1h	1.5521	−0.125%	$1K	$11K	10x	as long as short