Funding you earn now, next payment 04:00 UTC+0.0211%/8h= +23.2% APRnext payment +$2.11 per $10,000 · paid last 24h +0.022%
Price spread now: Kalshi against HTX+0.022%7-day average +0.082% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$42as in the Price arb table
costs, in and out, $10k−$360.361% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)+0.112%+$11 · spread now +0.022%, 7d avg +0.082%
=Funding pays, the price is against you. Kalshi is 0.061% cheaper against HTX than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.082%). If the spread goes back, that is −$6 on $10k: about 23 hours of funding at the current rate (+$6 a day).
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 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 | HTX XRP-USDT | 1.5343 | 0.0100 | pay 0.0100% / 8h | 7h 35m | $50.3M | $15.5M | 75x |
| Short | Kalshi KXXRPPERP | 1.5346 | 0.0311 | get 0.0311% / 8h | 3h 35m | $2.1M | $35.1M | 2.9x |
HTX XRP-USDT
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against HTX. 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
- $44.41
- Price spread: +0.022% → +0.082%
- −$6.08
- Slippage, 4 orders
- −$14.08
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $2.24
- Costs to cover
- 0.361%
- Break-even
- 6.6 days
Slippage from HTX: live order book, 4 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 HTX live order book, 4 min ago | 0.03 bp | 8.5 bp −$8 | 11.6 bp −$116 | 31.0 bp −$3,100 | 132.4 bp −$66.2K |
| Sell Kalshi live order book, 3 min ago | 1.96 bp | 8.6 bp −$9 | 11.2 bp −$112 | 17.9 bp −$1,787 | 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 | 1.5332 | −0.070% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5320 | −0.148% | $1.1M | $112K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5328 | −0.095% | $256K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0011% | 1h | 1.5333 | −0.063% | $9.3M | $25.2M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0012% / S +0.0082% | 1h | 1.5328 | −0.096% | $841K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.416% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0062% | 8h | 1.5330 | −0.083% | $58K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5327 | −0.105% | $2.8M | $13.9M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5335 | −0.050% | $514K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5308 | −0.226% | $10K | $279K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRP
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5324 | −0.123% | $478K | $54K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5306 | −0.236% | $1.0M | $5.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5326 | −0.110% | $38.8M | $83.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5329 | −0.089% | $620K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5306 | −0.239% | $539.0M | $2.06B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5304 | −0.252% | $340.9M | $922.8M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5304 | −0.252% | $124.6M | $868.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5316 | −0.174% | $571K | $48K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5321 | −0.141% | $118K | $712K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5296 | −0.305% | $1.6M | $517K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5324 | −0.122% | $373.9M | $149.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5322 | −0.135% | $307.7M | $901.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5325 | −0.113% | $108.7M | $165.8M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5303 | −0.259% | $267.7M | $375.4M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5323 | −0.128% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5328 | −0.095% | $6.3M | $35.5M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5307 | −0.230% | $665K | $107.3M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5296 | −0.304% | $1.1M | $39.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5333 | −0.063% | $1.0M | $892K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5310 | −0.214% | — | $9K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5307 | −0.233% | $49K | $442K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5330 | −0.081% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5333 | −0.064% | $825K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5341 | −0.012% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5332 | −0.070% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDTlong | +0.0100% | 8h | 1.5343 | long leg | $50.3M | $15.5M | 75x | |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5339 | −0.024% | $54.6M | $29.6M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5314 | −0.188% | $2.1M | $7.1M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0104% | 1h | 1.5309 | −0.220% | $8K | $8K | 10x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5330 | −0.080% | $59K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0213% | 1h | 1.5300 | −0.279% | $1.4M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5329 | −0.089% | $24.0M | $74.3M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5345 | +0.015% | $5.8M | $46.4M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0244% | 1h | 1.5336 | −0.041% | $14.5M | $70.0M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0285% | 1h | 1.5346 | +0.022% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERPshort | +0.0311% | 8h | 1.5346 | +0.022% | $2.1M | $35.1M | 2.9x | |
| Hibachi XRP/USDT-P | +0.0312% | 1h | 1.5333 | −0.062% | $17K | $81K | 7x | as long as short |
| Hyperliquid XRP | +0.0405% | 1h | 1.5342 | −0.005% | $289.7M | $214.5M | 20x | as long as short |
| Phoenix XRP | +0.0520% | 1h | 1.5350 | +0.048% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0792% | 1h | 1.5329 | −0.088% | $2K | $12K | 10x | as long as short |
| RISEx XRP/USDC | +0.0828% | 1h | 1.5316 | −0.176% | $506K | $754K | 10x | as long as short |
Paradex XRP-USD-PERP
Nado XRP-PERP
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
Phemex XRPUSDT
Extended XRP-USD
01 Exchange XRPUSD
Aevo XRP-PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Hyperliquid XRP
Phoenix XRP
Aftermath Perps XRPUSD
RISEx XRP/USDC