Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRnext payment +$2.44 per $10,000 · paid last 24h +0.022%
Price spread now: Kalshi against GRVT−0.217%7-day average +0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$290.295% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 7 days+0.281%+$28 · spread now −0.217%, 7d avg +0.032%
=Together, before fees+0.280%+ Points / potential airdropGRVT: Active · farm board+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. Kalshi is 0.249% cheaper against GRVT than usual: you would sell low and buy high (spread −0.217% now, against its 7-day average of +0.032%). If the spread goes back, that is −$25 on $10k: about 3.4 days of funding at the current rate (+$7 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.44 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT XRP_USDT_Perp | 1.5227 | 0.0100 | pay 0.0100% / 8h | 5h 08m | $1.1M | $35.4M | 20x |
| Short | Kalshi KXXRPPERP | 1.5194 | 0.0344 | get 0.0344% / 8h | 1h 08m | $2.1M | $34.7M | 2.9x |
GRVT XRP_USDT_Perp
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against GRVT. 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
- $51.18
- Price spread: −0.217% → +0.032%
- −$24.92
- Slippage, 4 orders
- −$10.47
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$3.2
- Costs to cover
- 0.295%
- Break-even
- 7.4 days
Slippage from GRVT: live order book, 6 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 GRVT live order book, 6 min ago | 0.33 bp | 4.8 bp −$5 | 8.1 bp −$81 | 45.7 bp −$4,569 | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 0.66 bp | 10.3 bp −$10 | 12.3 bp −$123 | 18.4 bp −$1,843 | 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 | 1.5179 | −0.315% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5184 | −0.282% | $1.1M | $110K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5192 | −0.230% | $7.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5189 | −0.250% | $254K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.187% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0034% / S +0.0037% | 1h | 1.5190 | −0.246% | $796K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5178 | −0.322% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0077% | 8h | 1.5188 | −0.256% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5190 | −0.244% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5188 | −0.256% | $512K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5174 | −0.348% | $10K | $311K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5175 | −0.338% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5191 | −0.236% | $282.3M | $223.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5184 | −0.281% | $38.4M | $83.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5185 | −0.278% | $610K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5175 | −0.341% | $535.8M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5177 | −0.328% | $346.1M | $930.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5174 | −0.348% | $125.8M | $872.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5180 | −0.309% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5184 | −0.282% | $114K | $711K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | −0.026% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5179 | −0.315% | $368.8M | $153.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5183 | −0.289% | $296.4M | $903.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5182 | −0.297% | $108.7M | $171.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5178 | −0.322% | $269.4M | $381.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5179 | −0.315% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5200 | −0.180% | $5.9M | $36.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5202 | −0.165% | $660K | $107.8M | 30x | as long as short |
| GRVT XRP_USDT_Perplong | +0.0100% | 8h | 1.5227 | long leg | $1.1M | $35.4M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5221 | −0.039% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5192 | −0.227% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5187 | −0.263% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5192 | −0.229% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5189 | −0.248% | $817K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5193 | −0.223% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5189 | −0.250% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5189 | −0.252% | $49.7M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5188 | −0.256% | $54.0M | $30.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5190 | −0.242% | $474K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5175 | −0.338% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5189 | −0.251% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0186% | 1h | 1.5193 | −0.223% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0200% | 1h | 1.5207 | −0.134% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5186 | −0.271% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5195 | −0.210% | $5.6M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5191 | −0.236% | $24.3M | $75.5M | 125x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5187 | −0.261% | $14.4M | $73.3M | 50x | as long as short |
| Kalshi KXXRPPERPshort | +0.0344% | 8h | 1.5194 | −0.217% | $2.1M | $34.7M | 2.9x | |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5182 | −0.293% | $517K | $778K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5220 | −0.046% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0657% | 1h | 1.5210 | −0.109% | $2K | $14K | 10x | as long as short |
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
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
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
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD