Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0210%/8h= +23.0% APRpaid last 24h +0.054%

Price spread now: Kalshi against edgeX+0.114%79s7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$15as 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−$330.330% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 7 days−0.020%−$2 · spread now +0.114%, 7d avg +0.081%

Together, before fees+0.156%+ Points / potential airdropedgeX: Active · farm board+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kalshi is 0.033% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.081%. The two prices were read 79 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	edgeX XRPUSDC	1.5313	0.0100	pay 0.0050% / 4h	3h 29m	$665K	$107.4M	30x
Short	Kalshi KXXRPPERP	1.5331	0.0310	get 0.0310% / 8h	3h 29m	$2.0M	$34.9M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now +0.114%Rate

Funding earned: $44.06
Price spread: +0.114% → +0.081%: $3.35
Slippage, 4 orders: −$14.03
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $14.38
Costs to cover: 0.330%
Break-even: 4.7 days

Slippage from edgeX: live order book, 4 min ago; Kalshi: live order book, 4 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 edgeX live order book, 4 min ago	1.31 bp	5.8 bp −$6	5.8 bp −$58	8.7 bp −$872	doesn't fit
Sell Kalshi live order book, 4 min ago	2.28 bp	9.7 bp −$10	10.7 bp −$107	18.3 bp −$1,830	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	1.5330	+0.108%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5326	+0.079%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5314	+0.005%	$256K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5320	+0.043%	$9.3M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0014% / S +0.0080%	1h	1.5314	+0.001%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.610%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0062%	8h	1.5320	+0.043%	$58K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5325	+0.076%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5328	+0.095%	$514K	$3.2M	20x	as long as short
01 Exchange XRPUSD	+0.0096%	1h	1.5329	+0.101%	$8K	$8K	10x	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	1.5323	+0.062%	$10K	$277K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5330	+0.105%	$478K	$54K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5328	+0.092%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5342	+0.187%	$38.8M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5331	+0.114%	$620K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5336	+0.149%	$540.9M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5332	+0.121%	$341.8M	$920.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5331	+0.114%	$124.9M	$868.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5345	+0.206%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5332	+0.121%	$118K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5296	−0.115%	$1.6M	$517K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5334	+0.134%	$374.4M	$149.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5335	+0.141%	$309.6M	$903.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5337	+0.151%	$108.8M	$165.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5331	+0.114%	$268.4M	$374.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5328	+0.095%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5328	+0.096%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5313	long leg	$665K	$107.4M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5322	+0.058%	$1.1M	$38.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5321	+0.049%	$1.0M	$892K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5327	+0.088%	$49K	$441K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5318	+0.027%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	+0.046%	$825K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5323	+0.064%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5319	+0.036%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5318	+0.028%	$50.3M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5320	+0.043%	$54.5M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5325	+0.075%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5332	+0.123%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5316	+0.020%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5319	+0.033%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5336	+0.147%	$24.0M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5326	+0.082%	$5.8M	$46.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5318	+0.027%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0289%	1h	1.5345	+0.206%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERPshort	+0.0310%	8h	1.5331	+0.114%	$2.0M	$34.9M	2.9x
Hibachi XRP/USDT-P	+0.0320%	1h	1.5335	+0.140%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0400%	1h	1.5341	+0.180%	$289.7M	$214.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	+0.108%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0808%	1h	1.5332	+0.118%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5333	+0.131%	$507K	$754K	10x	as long as short