Funding you earn now, next payment 03:00 UTC+0.0111%/8h= +12.2% APRpaid last 24h −0.015%
Price spread now: Kalshi against Hibachi+0.107%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.194%−$19 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Kalshi is 0.107% dearer against Hibachi than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.194%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hibachi XRP/USDT-P | 1.5149 | 0.0240 | pay 0.0030% / 1h | 25m 51s | $17K | $82K | 7x |
| Short | Kalshi KXXRPPERP | 1.5165 | 0.0351 | get 0.0351% / 8h | 1h 25m | $2.1M | $34.9M | 2.9x |
Hibachi XRP/USDT-P
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Hibachi. 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
- $23.32
- Price spread: +0.107% → 0.000%
- $10.73
- Slippage, 4 orders
- no order book: not counted
- Fee Hibachi: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $15.06
- Costs to cover
- 0.190%
- Break-even
- 2.5 days
Slippage unknown: Hibachi: no order-book sample; Kalshi: live order book, 3 min ago. Net counts fees only.
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 Hibachi no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 3 min ago | 1.98 bp | 9.5 bp −$10 | 11.5 bp −$115 | 17.1 bp −$1,708 | doesn't fit |
Hibachi: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5153 | +0.028% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5158 | +0.060% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5161 | +0.081% | $253K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5168 | +0.127% | $7.7M | $25.3M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.715% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0035% / S +0.0042% | 1h | 1.5160 | +0.076% | $819K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0072% | 1h | 1.5168 | +0.127% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0076% | 8h | 1.5165 | +0.107% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5167 | +0.121% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5171 | +0.147% | $512K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
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 | 1.5158 | +0.061% | $10K | $309K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5160 | +0.078% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5187 | +0.253% | $281.5M | $221.7M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5169 | +0.134% | $38.5M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5161 | +0.083% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5176 | +0.180% | $538.0M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5176 | +0.180% | $344.4M | $926.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5179 | +0.200% | $125.9M | $867.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5171 | +0.147% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5165 | +0.107% | $114K | $713K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5156 | +0.049% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5176 | +0.180% | $369.8M | $152.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5172 | +0.154% | $293.8M | $899.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5175 | +0.174% | $108.8M | $171.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5177 | +0.187% | $268.7M | $380.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5165 | +0.107% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5159 | +0.070% | $5.8M | $36.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5184 | +0.232% | $659K | $107.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5175 | +0.171% | $1.1M | $35.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5208 | +0.391% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5163 | +0.097% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5167 | +0.121% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5162 | +0.088% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5168 | +0.127% | $816K | $73K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5164 | +0.097% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5168 | +0.127% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5157 | +0.058% | $49.6M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5166 | +0.114% | $54.0M | $30.0M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5160 | +0.076% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5167 | +0.124% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5163 | +0.091% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0183% | 1h | 1.5177 | +0.187% | $1.9M | $1.3M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5164 | +0.100% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5168 | +0.127% | $5.6M | $46.4M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5154 | +0.035% | $24.2M | $74.8M | 125x | as long as short |
| Hibachi XRP/USDT-Plong | +0.0240% | 1h | 1.5149 | long leg | $17K | $82K | 7x | |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5168 | +0.129% | $14.5M | $73.1M | 50x | as long as short |
| Kalshi KXXRPPERPshort | +0.0351% | 8h | 1.5165 | +0.107% | $2.1M | $34.9M | 2.9x | |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5172 | +0.156% | $517K | $776K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.272% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0684% | 1h | 1.5173 | +0.163% | $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
GRVT XRP_USDT_Perp
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
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD