Funding you earn now, next payment 04:00 UTC−0.0119%/8h= −13.1% APRnext payment −$1.19 per $10,000 · paid last 24h +0.014%
Price spread now: BloFin against Kalshi+0.033%7-day average −0.027% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.362% of the position
Funding, last 7 days+0.114%+$11 on $10k
+Price spread, last 4 days (all we have)−0.572%−$57 · spread now +0.033%, 7d avg −0.027%
=The price spread pays, funding is against you. BloFin is 0.060% dearer against Kalshi than usual: you sell high and buy low (spread +0.033% now, against its 7-day average of −0.027%): +$6 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 40 hours. Mind the row above: over the last 7 days funding on this pair paid +0.114%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXXRPPERP | 1.5162 | 0.0339 | pay 0.0339% / 8h | 1h 04m | $2.1M | $34.6M | 2.9x |
| Short | BloFin XRP-USDT | 1.5167 | 0.0220 | get 0.0220% / 8h | 5h 04m | $24.2M | $75.7M | 125x |
Kalshi KXXRPPERP
BloFin XRP-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kalshi. 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
- −$25.08
- Price spread: +0.033% → −0.027%
- $6.02
- Slippage, 4 orders
- −$14.19
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$55.25
- Costs to cover
- 0.362%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 4 min ago; BloFin: 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, 4 min ago | 1.98 bp | 8.5 bp −$9 | 12.3 bp −$123 | 19.4 bp −$1,936 | doesn't fit |
| Sell BloFin live order book, 4 min ago | 3.62 bp | 9.6 bp −$10 | 10.5 bp −$105 | 15.2 bp −$1,519 | 20.8 bp −$10.4K |
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 | 1.5156 | −0.040% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5173 | +0.072% | $1.1M | $110K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5152 | −0.066% | $7.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5149 | −0.084% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0031% / S +0.0036% | 1h | 1.5150 | −0.078% | $832K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.625% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0056% | 1h | 1.5170 | +0.053% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0077% | 8h | 1.5150 | −0.079% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5175 | +0.088% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5171 | +0.059% | $511K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
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 | 1.5162 | 0.000% | $10K | $311K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5159 | −0.016% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5187 | +0.165% | $282.0M | $223.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5171 | +0.059% | $38.3M | $83.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5175 | +0.085% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5171 | +0.060% | $535.7M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5167 | +0.033% | $346.1M | $931.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5170 | +0.053% | $125.7M | $873.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5169 | +0.046% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5169 | +0.046% | $114K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5164 | +0.015% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5169 | +0.046% | $369.0M | $154.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5169 | +0.046% | $298.8M | $905.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5178 | +0.104% | $108.7M | $172.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5167 | +0.033% | $269.2M | $381.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5167 | +0.033% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5154 | −0.056% | $5.9M | $36.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5173 | +0.071% | $659K | $107.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5183 | +0.139% | $1.1M | $35.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5189 | +0.178% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5160 | −0.014% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5161 | −0.007% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5159 | −0.020% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5151 | −0.070% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5157 | −0.033% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5154 | −0.053% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5153 | −0.059% | $49.6M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5167 | +0.033% | $53.9M | $30.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5169 | +0.047% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5163 | +0.004% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5149 | −0.085% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0175% | 1h | 1.5175 | +0.086% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0200% | 1h | 1.5161 | −0.005% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5158 | −0.026% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5172 | +0.066% | $5.7M | $46.8M | 50x | as long as short |
| BloFin XRP-USDTshort | +0.0220% | 8h | 1.5167 | +0.033% | $24.2M | $75.7M | 125x | |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5154 | −0.051% | $14.4M | $73.5M | 50x | as long as short |
| Kalshi KXXRPPERPlong | +0.0339% | 8h | 1.5162 | long leg | $2.1M | $34.6M | 2.9x | |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5172 | +0.063% | $517K | $780K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.185% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0656% | 1h | 1.5186 | +0.159% | $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
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Kraken Futures PF_XRPUSD
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD