XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0242%/8h= −26.5% APRnext payment −$0.30 per $10,000 · paid last 24h −0.109%

Price spread now: GMX against Polymarket Perps−0.035%7-day average +0.017% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.236%−$24 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.035%, 7d avg +0.017%

Together, before fees−0.166%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and GMX is 0.052% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps XRP-USD	1.5705	0.0100	pay 0.0013% / 1h	45m 24s	$49K	$443K	20x
Short	GMX XRP/USD [ETH-USDC]	1.5700	L +0.0081% / S +0.0142%	pay 0.0018% / 1h	45m 24s	$925K	—	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$50.88
Price spread: −0.035% → +0.017%: −$5.15
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: −$76.03
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 37 min ago; GMX: no order-book sample. Net counts fees only.

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, 37 min ago	2.27 bp	9.2 bp −$9	11.9 bp −$119	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5692	−0.083%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5691	−0.087%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5696	−0.055%	$263K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.642%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5645	−0.385%	$15.7M	$67.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5707	+0.013%	$81K	$936K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0068%	1h	1.5710	+0.032%	$9.7M	$25.0M	50x	as long as short
GMX XRP/USD [ETH-USDC]short	L +0.0081% / S +0.0142%	1h	1.5700	−0.035%	$925K	—	200x
Lighter XRP	+0.0096%	1h	1.5677	−0.180%	$3.0M	$11.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5700	−0.032%	$461K	$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
Hibachi XRP/USDT-P	+0.0096%	1h	1.5637	−0.431%	$19K	$73K	7x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5695	−0.060%	$1.1M	$5.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5699	−0.038%	$40.0M	$75.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5690	−0.093%	$678K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5702	−0.016%	$569.7M	$1.92B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5713	+0.051%	$355.8M	$872.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5705	0.000%	$129.2M	$873.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5615	−0.573%	$581K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5699	−0.038%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−1.133%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5702	−0.019%	$374.4M	$135.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5700	−0.032%	$292.4M	$825.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5701	−0.024%	$113.6M	$153.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5708	+0.019%	$272.5M	$353.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5705	0.000%	—	$115.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5634	−0.452%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5621	−0.533%	$678K	$98.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5635	−0.446%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5628	−0.490%	$1.0M	$879K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5683	−0.142%	—	$10K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5705	long leg	$49K	$443K	20x
Bullet XRP-USD	+0.0100%	1h	1.5707	+0.013%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5708	+0.018%	$846K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5713	+0.048%	$132K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5648	−0.363%	$31K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5636	−0.437%	$51.4M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5645	−0.382%	$55.7M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5696	−0.060%	$489K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5696	−0.057%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5693	−0.079%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5695	−0.063%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5703	−0.013%	$9K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5699	−0.039%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5656	−0.312%	$5.8M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5619	−0.548%	$24.6M	$71.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5643	−0.395%	$1.9M	$32.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0360%	1h	1.5656	−0.312%	$1.8M	$976K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.732%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5705	−0.002%	$412K	$534K	10x	as long as short
Aftermath Perps XRPUSD	+0.0604%	1h	1.5612	−0.594%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0658%	1h	1.5715	+0.064%	$290.8M	$196.9M	20x	as long as short