XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0233%/8h= −25.5% APRnext payment −$2.33 per $10,000 · paid last 24h −0.022%

Price spread now: BingX against Kalshi−0.092%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$320.318% of the position

Long on Kalshi Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days−0.002%$0 · spread now −0.092%, 7d avg −0.091%

Together, before fees−0.046%−$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.091%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.043% in total (about -2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.33 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	Kalshi KXXRPPERP	1.5167	0.0333	pay 0.0333% / 8h	2h 46m	$2.1M	$36.0M	2.9x
Short	BingX XRP-USDC	1.5153	0.0100	get 0.0100% / 8h	6h 46m	—	$4.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.092%Rate

Funding earned: −$48.88
Price spread: −0.092% → −0.091%: −$0.12
Slippage, 4 orders: −$11.78
Fee Kalshi: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$80.79
Costs to cover: 0.318%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; BingX: live order book, 4 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, 3 min ago	1.97 bp	7.0 bp −$7	9.9 bp −$99	19.9 bp −$1,991	doesn't fit
Sell BingX live order book, 4 min ago	0.66 bp	8.5 bp −$8	12.0 bp −$120	27.4 bp −$2,739	71.2 bp −$35.6K

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	+0.079%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5163	−0.029%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5190	+0.152%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5151	−0.104%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0065%	1h	1.5151	−0.109%	$831K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.591%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5151	−0.106%	$14.7M	$72.3M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5157	−0.066%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5159	−0.053%	$9.0M	$25.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5156	−0.073%	$2.8M	$14.0M	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	1.5158	−0.059%	$518K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5160	−0.046%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5159	−0.049%	$864K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5156	−0.070%	$38.4M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5161	−0.040%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5160	−0.049%	$535.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5160	−0.046%	$337.1M	$937.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5161	−0.040%	$123.1M	$870.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	+0.033%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5162	−0.033%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.105%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5157	−0.066%	$367.6M	$149.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5159	−0.053%	$292.0M	$898.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5158	−0.059%	$108.3M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5150	−0.112%	$264.7M	$383.9M	125x	as long as short
BingX XRP-USDCshort	+0.0100%	8h	1.5153	−0.092%	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5155	−0.078%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5188	+0.139%	$660K	$108.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.264%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5193	+0.171%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5163	−0.027%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5157	−0.066%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5156	−0.070%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5160	−0.043%	$816K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5165	−0.014%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5155	−0.079%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5153	−0.092%	$49.7M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5158	−0.059%	$53.8M	$29.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5169	+0.011%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5156	−0.075%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5156	−0.074%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5164	−0.020%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0178%	1h	1.5163	−0.026%	$280.5M	$223.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5152	−0.097%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5158	−0.059%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.171%	$24.0M	$75.2M	125x	as long as short
Kalshi KXXRPPERPlong	+0.0333%	8h	1.5167	long leg	$2.1M	$36.0M	2.9x
Hibachi XRP/USDT-P	+0.0336%	1h	1.5178	+0.076%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0368%	1h	1.5161	−0.040%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5166	−0.006%	$537K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0810%	1h	1.5178	+0.072%	$2K	$14K	10x	as long as short