XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0070%/8h= +7.6% APRnext payment +$0.70 per $10,000 · paid last 24h +0.037%

Price spread now: Kalshi against Bybit+0.185%7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$16as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on Bybit Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.185%, 7d avg +0.048%

Together, before fees−0.026%−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Kalshi is 0.136% dearer against Bybit than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of +0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit XRPUSDT	1.5141	0.0100	pay 0.0100% / 8h	7h 31m	$352.6M	$939.1M	100x
Short	Kalshi KXXRPPERP	1.5169	0.0170	get 0.0170% / 8h	3h 31m	$1.7M	$33.2M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Bybit. 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 BybitbpFee KalshibpOrdersPrice spread, now +0.185%Rate

Funding earned: $14.67
Price spread: +0.185% → +0.048%: $13.65
Slippage, 4 orders: −$9.04
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$1.73
Costs to cover: 0.300%
Break-even: 7.8 days

Slippage from Bybit: live order book, 2 min ago; Kalshi: live order book, 2 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 Bybit live order book, 2 min ago	0.33 bp	5.8 bp −$6	7.8 bp −$78	14.1 bp −$1,414	31.5 bp −$15.7K
Sell Kalshi live order book, 2 min ago	1.32 bp	10.1 bp −$10	12.2 bp −$122	19.5 bp −$1,948	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
Kraken Futures PF_XRPUSD	−0.0172%	1h	1.5152	+0.070%	$14.7M	$74.5M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5161	+0.132%	$5K	$3K	20x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.192%	$67K	$110K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5153	+0.079%	$7.7M	$23.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5148	+0.048%	$246K	—	150x	as long as short
dYdX XRP-USD	+0.0011%	1h	1.5167	+0.172%	$1.1M	$154K	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.767%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0072%	1h	1.5197	+0.370%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5148	+0.049%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5154	+0.086%	$618K	$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
Katana Perps XRP-USD	+0.0100%	8h	1.5156	+0.099%	$20K	$381K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5153	+0.083%	$990K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5142	+0.007%	$38.4M	$84.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5168	+0.179%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5143	+0.013%	$527.8M	$2.17B	100x	as long as short
Bybit XRPUSDTlong	+0.0100%	8h	1.5141	long leg	$352.6M	$939.1M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5144	+0.020%	$125.8M	$848.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.225%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5167	+0.172%	$143K	$708K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	+0.396%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5144	+0.020%	$375.5M	$153.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5143	+0.013%	$311.2M	$916.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5148	+0.046%	$105.7M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5146	+0.033%	$268.0M	$381.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5142	+0.007%	—	$108.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5200	+0.390%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5198	+0.376%	$660K	$112.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5198	+0.376%	$1.1M	$33.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5222	+0.535%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5166	+0.164%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5158	+0.112%	$52K	$509K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5154	+0.086%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5152	+0.073%	$77K	$648K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5208	+0.440%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5163	+0.145%	$127K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5149	+0.053%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5173	+0.211%	$49.5M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5152	+0.073%	$54.1M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	+0.201%	$473K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5145	+0.024%	$2.1M	$6.7M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5151	+0.068%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5158	+0.112%	$8K	$2K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0119% / S −0.0084%	1h	1.5148	+0.045%	$786K	—	200x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5151	+0.066%	$5.3M	$47.7M	50x	as long as short
Kalshi KXXRPPERPshort	+0.0170%	8h	1.5169	+0.185%	$1.7M	$33.2M	2.9x
Hyperliquid XRP	+0.0181%	1h	1.5158	+0.111%	$289.7M	$267.9M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0210%	1h	1.5151	+0.066%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5170	+0.192%	$23.7M	$77.5M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5148	+0.047%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5163	+0.148%	$519K	$788K	10x	as long as short
Aftermath Perps XRPUSD	+0.0558%	1h	1.5191	+0.333%	$2K	$16K	10x	as long as short