XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0109%/8h= −11.9% APRnext payment −$1.09 per $10,000 · paid last 24h −0.037%

Price spread now: Binance against Kalshi−0.202%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$290.287% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 7 days+0.131%+$13 · spread now −0.202%, 7d avg −0.045%

Together, before fees−0.007%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.157% cheaper against Kalshi than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5162	0.0209	pay 0.0209% / 8h	5h 56m	$1.8M	$35.4M	2.9x
Short	Binance XRPUSDT	1.5131	0.0100	get 0.0100% / 8h	1h 56m	$526.4M	$2.22B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Kalshi. 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 KalshibpFee BinancebpOrdersPrice spread, now −0.202%Rate

Funding earned: −$22.91
Price spread: −0.202% → −0.045%: −$15.73
Slippage, 4 orders: −$8.71
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$67.35
Costs to cover: 0.287%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Binance: live order book, 2 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 Kalshi live order book, 2 min ago	0.33 bp	10.5 bp −$11	13.2 bp −$132	19.0 bp −$1,904	doesn't fit
Sell Binance live order book, 2 min ago	0.33 bp	5.3 bp −$5	6.9 bp −$69	13.0 bp −$1,298	32.4 bp −$16.2K

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	1.5158	−0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5136	−0.170%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	−0.013%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5150	−0.077%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5142	−0.135%	$14.4M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.625%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S −0.0022%	1h	1.5151	−0.075%	$799K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5148	−0.092%	$7.7M	$25.2M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5152	−0.066%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5139	−0.154%	$2.8M	$15.0M	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	1.5140	−0.145%	$548K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5134	−0.185%	$11K	$363K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5151	−0.069%	$997K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5139	−0.152%	$38.4M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5139	−0.154%	$602K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5131	−0.202%	$526.4M	$2.22B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5132	−0.198%	$343.7M	$967.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5146	−0.106%	$126.6M	$890.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5154	−0.053%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	−0.079%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	+0.026%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5135	−0.178%	$374.6M	$157.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5146	−0.106%	$297.0M	$916.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5137	−0.166%	$107.2M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5141	−0.139%	$266.3M	$399.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5139	−0.152%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	−0.048%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5133	−0.194%	$659K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5156	−0.041%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5165	+0.020%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5158	−0.026%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5156	−0.040%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5152	−0.066%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5144	−0.119%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	−0.099%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5148	−0.092%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5143	−0.125%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5141	−0.139%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5147	−0.099%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5153	−0.061%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5139	−0.154%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5144	−0.122%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5137	−0.166%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5149	−0.086%	$5.7M	$48.4M	50x	as long as short
Hyperliquid XRP	+0.0189%	1h	1.5150	−0.079%	$289.1M	$264.5M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5153	−0.059%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERPlong	+0.0209%	8h	1.5162	long leg	$1.8M	$35.4M	2.9x
Reya XRPRUSDPERP	+0.0218%	1h	1.5151	−0.071%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5141	−0.139%	$23.3M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5146	−0.108%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0579%	1h	1.5155	−0.049%	$2K	$16K	10x	as long as short