Funding you earn now, next payment 09:00 UTC−0.0005%/8h= −0.6% APRpaid last 24h −0.053%
Price spread now: Kalshi against Hyperliquid−0.091%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$41as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.071%−$7 on $10k
+Price spread, last 7 days+0.121%+$12 · spread now −0.091%, 7d avg 0.000%
=Together, before fees+0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board+$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Kalshi is 0.091% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid XRP | 1.5371 | 0.0177 | pay 0.0022% / 1h | 12m 48s | $294.3M | $265.8M | 20x |
| Short | Kalshi KXXRPPERP | 1.5357 | 0.0172 | get 0.0172% / 8h | 3h 12m | $1.7M | $32.8M | 2.9x |
Hyperliquid XRP
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Hyperliquid. 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
- −$1.15
- Price spread: −0.091% → 0.000%
- −$9.1
- Slippage, 4 orders
- −$13.07
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$42.32
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 11 min ago; Kalshi: live order book, 1 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 Hyperliquid live order book, 11 min ago | 0.33 bp | 4.8 bp −$5 | 6.1 bp −$61 | 11.2 bp −$1,123 | doesn't fit |
| Sell Kalshi live order book, 1 min ago | 2.28 bp | 10.7 bp −$11 | 12.1 bp −$121 | 18.4 bp −$1,844 | doesn't fit |
XRP on 50 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 | −0.0170% | 1h | 1.5337 | −0.220% | $14.0M | $74.7M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5347 | −0.156% | $5K | $3K | 20x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5350 | −0.137% | $69K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5339 | −0.208% | $7.8M | $22.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5333 | −0.247% | $249K | — | 150x | as long as short |
| dYdX XRP-USD | +0.0006% | 1h | 1.5347 | −0.157% | $1.1M | $123K | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.230% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5345 | −0.169% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5360 | −0.073% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5359 | −0.080% | $2.8M | $14.7M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
dYdX XRP-USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5360 | −0.072% | $624K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5342 | −0.189% | $20K | $378K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5356 | −0.099% | $479K | $52K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5342 | −0.185% | $1.0M | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5356 | −0.099% | $39.0M | $82.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5358 | −0.082% | $618K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5354 | −0.111% | $536.5M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5353 | −0.117% | $357.6M | $912.4M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5351 | −0.130% | $127.2M | $839.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5326 | −0.293% | $562K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5361 | −0.065% | $161K | $702K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5316 | −0.359% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5354 | −0.111% | $379.1M | $156.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5354 | −0.111% | $318.0M | $930.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5355 | −0.105% | $108.5M | $180.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5353 | −0.117% | $272.6M | $363.5M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5346 | −0.163% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5344 | −0.174% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5339 | −0.208% | $666K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5356 | −0.095% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5342 | −0.189% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5349 | −0.143% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5343 | −0.182% | $52K | $502K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5334 | −0.241% | $41K | $66K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5335 | −0.234% | $78K | $646K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5337 | −0.221% | $129K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5334 | −0.241% | $31K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5349 | −0.145% | $50.1M | $13.9M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5348 | −0.150% | $54.4M | $33.2M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5344 | −0.179% | $2.1M | $6.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5332 | −0.253% | $59K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0134% / S −0.0096% | 1h | 1.5335 | −0.237% | $788K | — | 200x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5333 | −0.247% | $5.3M | $46.4M | 50x | as long as short |
| Kalshi KXXRPPERPshort | +0.0172% | 8h | 1.5357 | −0.091% | $1.7M | $32.8M | 2.9x | |
| Hyperliquid XRPlong | +0.0177% | 1h | 1.5371 | long leg | $294.3M | $265.8M | 20x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5334 | −0.241% | $23.8M | $78.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5331 | −0.260% | $1.4M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0225% | 1h | 1.5359 | −0.078% | $2.0M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5347 | −0.159% | $525K | $784K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0522% | 1h | 1.5320 | −0.330% | $3K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
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
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD