XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0177%/8h= −19.4% APRnext payment −$1.77 per $10,000 · paid last 24h −0.022%

Price spread now: Bybit against Kalshi−0.187%51s7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$330.332% of the position

Long on Kalshi Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.070%−$7 on $10k

Price spread, last 7 days+0.143%+$14 · spread now −0.187%, 7d avg −0.050%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.137% cheaper against Kalshi than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.050%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5467	0.0277	pay 0.0277% / 8h	6h 12m	$1.8M	$31.9M	2.9x
Short	Bybit XRPUSDT	1.5438	0.0100	get 0.0100% / 8h	2h 12m	$347.6M	$850.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.187%Rate

Funding earned: −$37.12
Price spread: −0.187% → −0.050%: −$13.71
Slippage, 4 orders: −$12.22
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$84.05
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Bybit: live order book, 7 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	2.26 bp	11.1 bp −$11	12.7 bp −$127	20.0 bp −$1,995	doesn't fit
Sell Bybit live order book, 7 min ago	0.32 bp	6.2 bp −$6	7.8 bp −$78	16.1 bp −$1,611	25.5 bp −$12.7K

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	1.5437	−0.194%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5450	−0.113%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5470	+0.019%	$69K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5439	−0.181%	$9.4M	$24.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5434	−0.216%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.144%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5438	−0.187%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0173%	1h	1.5433	−0.222%	$909K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5454	−0.086%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5455	−0.078%	$447K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5448	−0.126%	$1.1M	$5.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5436	−0.198%	$39.3M	$73.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5449	−0.118%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5435	−0.210%	$555.3M	$1.87B	100x	as long as short
Bybit XRPUSDTshort	+0.0100%	8h	1.5438	−0.187%	$347.6M	$850.3M	100x
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5437	−0.194%	$126.0M	$847.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.259%	$574K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5441	−0.168%	$119K	$685K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5433	−0.220%	$368.6M	$133.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5433	−0.220%	$290.9M	$818.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5435	−0.209%	$111.9M	$148.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5434	−0.213%	$267.2M	$345.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5434	−0.213%	—	$114.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5430	−0.240%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5464	−0.023%	$671K	$97.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5413	−0.349%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	−0.019%	$1.0M	$871K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5437	−0.196%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5438	−0.187%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5434	−0.214%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5435	−0.208%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5440	−0.176%	$129K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5435	−0.207%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5460	−0.045%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5435	−0.207%	$55.1M	$28.4M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5438	−0.190%	$1.7M	$399K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5440	−0.177%	$481K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5437	−0.194%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5436	−0.200%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5438	−0.189%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5443	−0.155%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0169%	1h	1.5433	−0.219%	$15.7M	$65.3M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5450	−0.110%	$5.6M	$45.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5444	−0.149%	$1.7M	$947K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5435	−0.210%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5427	−0.259%	$24.1M	$68.4M	125x	as long as short
Kalshi KXXRPPERPlong	+0.0277%	8h	1.5467	long leg	$1.8M	$31.9M	2.9x
Hibachi XRP/USDT-P	+0.0288%	1h	1.5444	−0.150%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5444	−0.147%	$406K	$498K	10x	as long as short
Hyperliquid XRP	+0.0503%	1h	1.5452	−0.097%	$284.7M	$190.3M	20x	as long as short
Aftermath Perps XRPUSD	+0.0533%	1h	1.5440	−0.174%	$1K	$11K	10x	as long as short