Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0209%/8h= −22.9% APRpaid last 24h −0.064%
Price spread now: edgeX against Kalshi−0.082%79s7-day average −0.080% · you buy dearer than you sell
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$320.320% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.176%−$18 on $10k
Price spread, last 7 days−0.012%−$1 · spread now −0.082%, 7d avg −0.080%
Together, before fees−0.188%+ Points / potential airdropedgeX: Active · farm board−$19 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.080%, so right now this pair is about funding alone: −$6 a day on $10k at the current rate. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKalshi KXXRPPERP1.53730.0309pay 0.0309% / 8h4h 20m$2.0M$34.5M2.9x
ShortedgeX XRPUSDC1.53600.0100get 0.0050% / 4h20m 13s$667K$105.1M30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$43.84
Price spread: −0.082% → −0.080%
−$0.19
Slippage, 4 orders
−$12.99
Fee Kalshi: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$76.02
Costs to cover
0.320%
Break-even
never at this rate
Slippage from Kalshi: live order book, 4 min ago; edgeX: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kalshi live order book, 4 min ago2.93 bp9.0 bp −$910.8 bp −$10818.6 bp −$1,860doesn't fit
Sell edgeX live order book, 4 min ago1.30 bp5.8 bp −$65.8 bp −$589.0 bp −$901doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5367−0.039%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5366−0.043%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5370−0.020%$68K$90K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5360−0.083%$266K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0005% / S +0.0096%1h1.5360−0.084%$844K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0010%1h1.5361−0.078%$9.4M$25.6M50xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5359−0.094%$15.0M$69.7M50xas long as short
Orderly PERP_XRP_USDC+0.0059%8h1.5363−0.065%$75K$910K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+1.216%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5360−0.085%$2.9M$13.0M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5364−0.059%$440K$3.2M20xas long as short
Nado XRP-PERP+0.0100%1h1.5359−0.088%$1.1M$5.5M20xas long as short
Aster XRPUSDT+0.0100%8h1.5362−0.073%$39.1M$81.7M100xas long as short
Pacifica XRP+0.0100%1h1.5368−0.032%$632K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5360−0.085%$546.5M$2.04B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5359−0.091%$341.9M$924.4M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5360−0.085%$125.3M$879.4M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5356−0.111%$572K$41K5xas long as short
Arcus XRP-USD+0.0100%1h1.5370−0.020%$117K$758K20xas long as short
Bulk XRP-USD+0.0100%1h1.5410+0.241%$1.7M$572K20xas long as short
Gate XRP_USDT+0.0100%8h1.5362−0.072%$361.4M$147.9M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5363−0.065%$296.7M$887.5M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5357−0.103%$110.2M$165.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5357−0.104%$267.2M$375.1M125xas long as short
BingX XRP-USDT+0.0100%8h1.5363−0.065%$121.8Mas long as short
Variational Omni XRP+0.0100%8h1.5364−0.056%$11.5M$30.7Mas long as short
edgeX XRPUSDCshort+0.0100%4h1.5360−0.082%$667K$105.1M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5364−0.059%$1.1M$40.4M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5364−0.059%$1.0M$900K50xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5366−0.046%$47K$455K20xas long as short
Bullet XRP-USD+0.0100%1h1.5364−0.059%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5362−0.074%$827K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5366−0.046%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5361−0.078%$31K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5362−0.073%$50.4M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5364−0.059%$54.7M$29.4M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5368−0.035%$479K$54K50xas long as short
Vest XRP-PERP+0.0100%1h1.5363−0.067%$10K10xas long as short
Katana Perps XRP-USD+0.0101%8h1.5366−0.046%$12K$269K20xas long as short
Extended XRP-USD+0.0104%1h1.5357−0.107%$2.1M$7.2M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5358−0.096%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5370−0.020%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5359−0.089%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5367−0.039%$24.3M$74.8M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5366−0.046%$5.8M$47.1M50xas long as short
Backpack XRP_USDC_PERP+0.0258%1h1.5376+0.020%$1.7M$1.0M25xas long as short
Hibachi XRP/USDT-P+0.0272%1h1.5378+0.033%$17K$82K7xas long as short
Kalshi KXXRPPERPlong+0.0309%8h1.5373long leg$2.0M$34.5M2.9x
Hyperliquid XRP+0.0587%1h1.5378+0.033%$293.5M$213.4M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5376+0.022%$500K$638K10xas long as short
Aftermath Perps XRPUSD+0.0781%1h1.5382+0.062%$1K$11K10xas long as short