Funding you earn now, next payment 02:00 UTC−0.0239%/8h= −26.1% APRpaid last 24h −0.022%
Price spread now: Bullet against Kalshi−0.093%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Bullet is 0.093% cheaper against Kalshi than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXXRPPERP | 1.5116 | 0.0339 | pay 0.0339% / 8h | 2h 40m | $2.1M | $36.1M | 2.9x |
| Short | Bullet XRP-USD | 1.5102 | 0.0100 | get 0.0013% / 1h | 40m 58s | $41K | $69K | 20x |
Kalshi KXXRPPERP
Bullet XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bullet 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
- −$50.09
- Price spread: −0.093% → 0.000%
- −$9.26
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Bullet: 4 bp × 2 orders
- −$8
- Net
- −$77.35
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Kalshi: live order book, 3 min ago; Bullet: no order-book sample. Net counts fees only.
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 | 2.31 bp | 9.2 bp −$9 | 11.2 bp −$112 | 17.6 bp −$1,764 | doesn't fit |
| Sell Bullet no order-book sample | — | — | — | — | — |
Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5120 | +0.026% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5088 | −0.188% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5110 | −0.040% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5094 | −0.146% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0023% / S +0.0064% | 1h | 1.5095 | −0.137% | $828K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.937% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5095 | −0.138% | $14.5M | $72.4M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0069% | 8h | 1.5099 | −0.112% | $57K | $945K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0081% | 1h | 1.5095 | −0.139% | $7.7M | $25.1M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5097 | −0.123% | $2.8M | $14.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5100 | −0.106% | $516K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5098 | −0.119% | $10K | $306K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5100 | −0.103% | $877K | $5.8M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5095 | −0.142% | $38.4M | $84.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5095 | −0.136% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5075 | −0.269% | $533.7M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5071 | −0.298% | $335.9M | $941.0M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5087 | −0.192% | $123.6M | $868.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5121 | +0.033% | $562K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5110 | −0.040% | $115K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5183 | +0.442% | $1.6M | $305K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5074 | −0.278% | $366.6M | $150.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5084 | −0.212% | $289.5M | $901.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5082 | −0.225% | $107.1M | $171.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5083 | −0.218% | $264.5M | $385.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5068 | −0.318% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5098 | −0.118% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5152 | +0.241% | $658K | $108.0M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5150 | +0.224% | $1.1M | $38.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5163 | +0.311% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5108 | −0.052% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5105 | −0.073% | $45K | $453K | 20x | as long as short |
| Bullet XRP-USDshort | +0.0100% | 1h | 1.5102 | −0.093% | $41K | $69K | 20x | |
| Derive XRP-PERP | +0.0100% | 1h | 1.5099 | −0.113% | $813K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5108 | −0.054% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5100 | −0.106% | $29K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5092 | −0.157% | $49.5M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5098 | −0.119% | $53.6M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5099 | −0.115% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5082 | −0.226% | $2.0M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5093 | −0.153% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5108 | −0.053% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0177% | 1h | 1.5107 | −0.060% | $279.7M | $223.9M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5100 | −0.104% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5103 | −0.086% | $5.6M | $46.4M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5193 | +0.509% | $24.0M | $75.2M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5104 | −0.081% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0334% | 1h | 1.5104 | −0.079% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERPlong | +0.0339% | 8h | 1.5116 | long leg | $2.1M | $36.1M | 2.9x | |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5110 | −0.041% | $535K | $782K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0803% | 1h | 1.5145 | +0.189% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD