Funding you earn now, next payment 08:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.23 per $10,000 · paid last 24h +0.037%
Price spread now: Kalshi against BingX+0.346%50s7-day average +0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$30as 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−$370.374% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 7 days−0.245%−$24 · spread now +0.346%, 7d avg +0.090%
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Kalshi is 0.256% dearer against BingX than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.090%. The two prices were read 50 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 | BingX XRP-USDC | 1.5031 | 0.0100 | pay 0.0100% / 8h | 2h 34m | — | $4.2M | — |
| Short | Kalshi KXXRPPERP | 1.5083 | 0.0123 | get 0.0123% / 8h | 6h 34m | $1.7M | $35.7M | 2.9x |
BingX XRP-USDC
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.83
- Price spread: +0.346% → +0.090%
- $25.58
- Slippage, 4 orders
- −$17.42
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$7.01
- Costs to cover
- 0.374%
- Break-even
- 17.2 days
Slippage from BingX: live order book, 11 min ago; Kalshi: live order book, 5 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 BingX live order book, 11 min ago | 1.00 bp | 9.2 bp −$9 | 12.7 bp −$127 | 31.4 bp −$3,138 | 95.5 bp −$47.8K |
| Sell Kalshi live order book, 5 min ago | 1.99 bp | 10.5 bp −$10 | 11.5 bp −$115 | 18.1 bp −$1,814 | 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 | 1.5041 | +0.067% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5079 | +0.318% | $14.2M | $75.2M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5042 | +0.072% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5070 | +0.259% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5030 | −0.007% | $7.6M | $25.7M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5030 | −0.007% | $257K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.519% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5028 | −0.019% | $787K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5045 | +0.093% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5043 | +0.077% | $2.8M | $14.9M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5045 | +0.093% | $495K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5033 | +0.013% | $11K | $359K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5044 | +0.090% | $914K | $6.3M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5047 | +0.106% | $288.4M | $258.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5033 | +0.016% | $38.3M | $86.7M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5044 | +0.089% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5028 | −0.017% | $526.8M | $2.19B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5027 | −0.027% | $341.3M | $958.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5028 | −0.020% | $124.3M | $889.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5036 | +0.033% | $560K | $31K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5046 | +0.100% | $136K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5057 | +0.172% | $1.6M | $30K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5030 | −0.007% | $368.4M | $157.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5034 | +0.020% | $285.8M | $911.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5043 | +0.079% | $106.4M | $180.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5026 | −0.033% | $265.2M | $396.6M | 125x | as long as short |
| BingX XRP-USDClong | +0.0100% | 8h | 1.5031 | long leg | — | $4.2M | — | |
| Variational Omni XRP | +0.0100% | 8h | 1.5067 | +0.241% | $4.7M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5056 | +0.167% | $654K | $111.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5067 | +0.239% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5062 | +0.206% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5045 | +0.095% | — | $13K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5040 | +0.060% | $51K | $493K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5029 | −0.013% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5027 | −0.027% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5024 | −0.046% | $808K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5084 | +0.355% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5080 | +0.326% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5080 | +0.325% | $49.3M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5075 | +0.293% | $53.7M | $31.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5052 | +0.137% | $469K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5039 | +0.050% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5025 | −0.043% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERPshort | +0.0123% | 8h | 1.5083 | +0.346% | $1.7M | $35.7M | 2.9x | |
| Backpack XRP_USDC_PERP | +0.0176% | 1h | 1.5077 | +0.306% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5085 | +0.359% | $5.6M | $48.5M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0216% | 1h | 1.5080 | +0.327% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5032 | +0.009% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5079 | +0.319% | $23.5M | $76.2M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5046 | +0.098% | $513K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0601% | 1h | 1.5061 | +0.202% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD