XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0010%/8h= −1.1% APRnext payment −$0.10 per $10,000 · paid last 24h −0.037%

Price spread now: Gate against Kalshi−0.157%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on Kalshi Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.089%−$9 on $10k

Price spread, last 7 days+0.075%+$7 · spread now −0.157%, 7d avg −0.045%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Gate is 0.112% cheaper against Kalshi than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5278	0.0110	pay 0.0110% / 8h	50m 03s	$1.9M	$35.6M	2.9x
Short	Gate XRP_USDT	1.5254	0.0100	get 0.0100% / 8h	4h 50m	$375.7M	$156.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.157%Rate

Funding earned: −$2.06
Price spread: −0.157% → −0.045%: −$11.18
Slippage, 4 orders: −$13.4
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.64
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from Kalshi: live order book, 2 min ago; Gate: live order book, 2 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	1.96 bp	8.8 bp −$9	11.9 bp −$119	19.0 bp −$1,903	doesn't fit
Sell Gate live order book, 2 min ago	0.33 bp	10.4 bp −$10	14.9 bp −$149	27.9 bp −$2,787	38.0 bp −$19.0K

XRP on 51 exchanges

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	1.5360	+0.537%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5258	−0.131%	$13.7M	$68.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5260	−0.115%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5310	+0.209%	$68K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5269	−0.059%	$7.6M	$19.8M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5293	+0.097%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.846%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5283	+0.033%	$9K	$987	10x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5261	−0.109%	$17K	$68K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5258	−0.132%	$2.7M	$13.5M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5251	−0.177%	$592K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5258	−0.131%	$5.4M	$41.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5260	−0.118%	$476K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5268	−0.065%	$10K	$411K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5292	+0.088%	$849K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5258	−0.131%	$296.3M	$260.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5256	−0.144%	$38.8M	$79.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5259	−0.126%	$587K	$985K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5256	−0.144%	$530.9M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5246	−0.209%	$358.0M	$853.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5242	−0.236%	$123.7M	$814.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5273	−0.033%	$561K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5286	+0.052%	$163K	$689K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5312	+0.219%	$1.6M	$66K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5254	−0.157%	$375.7M	$156.6M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5244	−0.223%	$311.6M	$876.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5254	−0.156%	$103.9M	$179.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5240	−0.249%	$269.0M	$346.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5249	−0.190%	—	$98.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5256	−0.141%	$4.9M	$37.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5305	+0.176%	$665K	$105.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5301	+0.151%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5316	+0.249%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5285	+0.045%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5294	+0.105%	$52K	$469K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5292	+0.090%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5274	−0.026%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5276	−0.011%	$822K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5275	−0.022%	$128K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5273	−0.033%	$29K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5249	−0.191%	$49.7M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5245	−0.216%	$54.5M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5233	−0.292%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5270	−0.055%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERPlong	+0.0110%	8h	1.5278	long leg	$1.9M	$35.6M	2.9x
Backpack XRP_USDC_PERP	+0.0149%	1h	1.5261	−0.111%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5256	−0.144%	$23.7M	$77.1M	125x	as long as short
Reya XRPRUSDPERP	+0.0224%	1h	1.5285	+0.043%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0258% / S −0.0512%	1h	1.5292	+0.095%	$880K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5285	+0.048%	$506K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0385%	1h	1.5296	+0.117%	$3K	$13K	10x	as long as short