XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.018%

Price spread now: Injective against Polymarket Perps+2.747%51s7-day average −0.075% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as 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−$1131.133% of the position

Long on Polymarket Perps Short on Injective

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)−3.329%−$333 · spread now +2.747%, 7d avg −0.075%

Together, before fees−3.174%−$317 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 2.822% dearer against Polymarket Perps than usual: you sell high and buy low (spread +2.747% now, against its 7-day average of −0.075%): +$282 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5 months. Mind the row above: over the last 7 days funding on this pair paid +0.156%, so the current rate has only just turned against you. 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	Polymarket Perps XRP-USD	1.5144	0.0100	pay 0.0013% / 1h	47m 44s	$47K	$491K	20x
Short	Injective XRP/USDC PERP	1.5560	0.0033	get 0.0004% / 1h	47m 44s	$2K	$107K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.747%Rate

Funding earned: −$14
Price spread: +2.747% → −0.075%: $282.19
Slippage, 4 orders: −$105.27
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $154.89
Costs to cover: 1.133%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 60 min ago; Injective: live order book, 61 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, 60 min ago	2.32 bp	7.0 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit
Sell Injective live order book, 61 min ago	39.63 bp	58.5 bp −$59	72.5 bp −$725	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	1.5148	+0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5146	+0.014%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.172%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5143	−0.005%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5148	+0.026%	$7.7M	$25.1M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5146	+0.012%	$14.4M	$75.3M	50x	as long as short
Injective XRP/USDC PERPshort	+0.0033%	1h	1.5560	+2.747%	$2K	$107K	30x
01 Exchange XRPUSD	+0.0064%	1h	1.5139	−0.033%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S −0.0026%	1h	1.5143	−0.005%	$798K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5146	+0.015%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5143	−0.007%	$545K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5138	−0.040%	$12K	$367K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5147	+0.017%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5143	−0.006%	$38.5M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5151	+0.046%	$606K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5143	−0.010%	$528.2M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5142	−0.013%	$344.7M	$967.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5142	−0.013%	$127.1M	$890.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5146	+0.013%	$563K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5147	+0.020%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5129	−0.100%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5146	+0.013%	$373.2M	$158.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5147	+0.020%	$298.9M	$918.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5146	+0.010%	$107.3M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5148	+0.026%	$267.0M	$400.1M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5147	+0.020%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5130	−0.092%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	−0.018%	$658K	$114.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5141	−0.021%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5146	+0.013%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5147	+0.017%	—	$15K	10x	as long as short
Polymarket Perps XRP-USDlong	+0.0100%	1h	1.5144	long leg	$47K	$491K	20x
Bullet XRP-USD	+0.0100%	1h	1.5144	0.000%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5144	0.000%	$65K	$933K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5144	+0.003%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5148	+0.029%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	−0.007%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5147	+0.017%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5142	−0.013%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5153	+0.060%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5140	−0.024%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5142	−0.013%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0163%	1h	1.5155	+0.073%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0167%	1h	1.5161	+0.112%	$289.2M	$264.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5163	+0.125%	$17K	$81K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5150	+0.040%	$5.7M	$48.3M	50x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5137	−0.044%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5146	+0.013%	$23.5M	$77.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0223%	8h	1.5155	+0.073%	$1.7M	$35.4M	2.9x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5147	+0.022%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0550%	1h	1.5146	+0.014%	$2K	$16K	10x	as long as short