XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0075%/8h= +8.2% APRnext payment +$0.75 per $10,000 · paid last 24h +0.037%

Price spread now: Kalshi against Gate+0.072%7-day average +0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$390.395% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.089%+$9 on $10k

Price spread, last 7 days−0.001%$0 · spread now +0.072%, 7d avg +0.046%

Together, before fees+0.088%+$9 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 0.027% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5221	0.0100	pay 0.0100% / 8h	7h 46m	$379.4M	$151.9M	100x
Short	Kalshi KXXRPPERP	1.5232	0.0175	get 0.0175% / 8h	3h 46m	$1.7M	$33.4M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now +0.072%Rate

Funding earned: $15.67
Price spread: +0.072% → +0.046%: $2.66
Slippage, 4 orders: −$14.46
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$21.14
Costs to cover: 0.395%
Break-even: 16.4 days

Slippage from Gate: live order book, 3 min ago; Kalshi: live order book, 3 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 Gate live order book, 3 min ago	0.33 bp	11.4 bp −$11	16.5 bp −$165	30.1 bp −$3,010	41.0 bp −$20.5K
Sell Kalshi live order book, 3 min ago	1.64 bp	8.2 bp −$8	10.9 bp −$109	19.2 bp −$1,918	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	−0.0171%	1h	1.5227	+0.037%	$14.8M	$76.0M	50x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5241	+0.131%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	+0.034%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5240	+0.125%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5223	+0.015%	$247K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5228	+0.046%	$7.7M	$23.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.227%	$2K	$107K	30x	as long as short
Phemex XRPUSDT	+0.0046%	8h	1.5224	+0.020%	$54.4M	$32.6M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5227	+0.037%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5223	+0.011%	$2.8M	$14.5M	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	1.5228	+0.046%	$623K	$3.1M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5226	+0.033%	$20K	$382K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5218	−0.016%	$997K	$6.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5223	+0.013%	$38.6M	$85.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5229	+0.055%	$613K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5223	+0.013%	$530.6M	$2.20B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5224	+0.020%	$352.8M	$945.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5225	+0.026%	$127.0M	$859.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5228	+0.046%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5235	+0.092%	$143K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5227	+0.043%	$1.6M	$13K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5221	long leg	$379.4M	$151.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5222	+0.007%	$313.5M	$913.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5224	+0.016%	$106.6M	$183.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5224	+0.020%	$270.0M	$384.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5223	+0.013%	—	$108.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5226	+0.033%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5221	−0.003%	$661K	$113.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5230	+0.059%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5228	+0.046%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5232	+0.072%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5229	+0.053%	$52K	$513K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5223	+0.013%	$41K	$68K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5225	+0.026%	$78K	$667K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5225	+0.026%	$819K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5232	+0.074%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5224	+0.020%	$28K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5222	+0.007%	$49.7M	$15.2M	75x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5234	+0.086%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5218	−0.022%	$2.1M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	+0.004%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0115% / S −0.0079%	1h	1.5224	+0.017%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5233	+0.079%	$9K	$2K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0160%	1h	1.5227	+0.039%	$5.6M	$48.0M	50x	as long as short
Kalshi KXXRPPERPshort	+0.0175%	8h	1.5232	+0.072%	$1.7M	$33.4M	2.9x
Hyperliquid XRP	+0.0194%	1h	1.5236	+0.099%	$291.0M	$267.8M	20x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5225	+0.026%	$23.7M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5222	+0.008%	$1.3M	$4K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0265%	1h	1.5235	+0.092%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5229	+0.053%	$522K	$796K	10x	as long as short
Aftermath Perps XRPUSD	+0.0537%	1h	1.5223	+0.012%	$3K	$16K	10x	as long as short