Funding you earn now, next payment 00:00 UTC−0.0202%/8h= −22.1% APRnext payment −$2.02 per $10,000 · paid last 24h −0.042%
Price spread now: GRVT against Kalshi+0.029%7-day average −0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$370.372% of the position
Funding, last 7 days−0.020%−$2 on $10k
+Price spread, last 7 days−0.065%−$7 · spread now +0.029%, 7d avg −0.032%
=Together, before fees−0.085%+ Points / potential airdropGRVT: Active · farm board−$8 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.061% dearer against Kalshi than usual: you sell high and buy low (spread +0.029% now, against its 7-day average of −0.032%): +$6 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 24 hours. At the pace of the last 7 days (−0.020% in total) that is about 22 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.020% in total (about -1.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXXRPPERP | 1.5400 | 0.0302 | pay 0.0302% / 8h | 6h 04m | $1.8M | $32.0M | 2.9x |
| Short | GRVT XRP_USDT_Perp | 1.5404 | 0.0100 | get 0.0100% / 8h | 2h 04m | $1.1M | $41.6M | 20x |
Kalshi KXXRPPERP
GRVT XRP_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$42.47
- Price spread: +0.029% → −0.032%
- $6.11
- Slippage, 4 orders
- −$18.16
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$73.52
- Costs to cover
- 0.372%
- Break-even
- never at this rate
Slippage from Kalshi: live order book, 5 min ago; GRVT: live order book, 5 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, 5 min ago | 2.59 bp | 8.6 bp −$9 | 10.7 bp −$107 | 21.9 bp −$2,186 | doesn't fit |
| Sell GRVT live order book, 5 min ago | 0.32 bp | 8.3 bp −$8 | 24.3 bp −$243 | 67.4 bp −$6,736 | doesn't fit |
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 | 1.5398 | −0.013% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5391 | −0.061% | $1.1M | $101K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5450 | +0.325% | $69K | $89K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5391 | −0.056% | $258K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0010% | 1h | 1.5397 | −0.019% | $9.4M | $24.7M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0040% | 1h | 1.5290 | −0.714% | $2K | $86K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0048% | 8h | 1.5393 | −0.045% | $80K | $933K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0076% / S +0.0164% | 1h | 1.5390 | −0.064% | $906K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5392 | −0.054% | $3.0M | $11.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5393 | −0.045% | $445K | $3.1M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
GMX XRP/USD [ETH-USDC]
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5391 | −0.055% | $1.1M | $5.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5393 | −0.045% | $39.2M | $73.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5390 | −0.064% | $672K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5394 | −0.042% | $553.8M | $1.87B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5395 | −0.032% | $346.4M | $853.1M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5393 | −0.045% | $125.4M | $847.5M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5409 | +0.058% | $573K | $40K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5393 | −0.045% | $120K | $688K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5472 | +0.464% | $1.7M | $470K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5385 | −0.097% | $367.0M | $134.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5392 | −0.052% | $286.5M | $825.0M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5392 | −0.055% | $112.0M | $149.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5391 | −0.058% | $266.9M | $347.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5391 | −0.058% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5410 | +0.064% | $6.6M | $24.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5443 | +0.280% | $671K | $95.9M | 30x | as long as short |
| GRVT XRP_USDT_Perpshort | +0.0100% | 8h | 1.5404 | +0.029% | $1.1M | $41.6M | 20x | |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5410 | +0.065% | $1.0M | $879K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5392 | −0.051% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5396 | −0.026% | $51K | $438K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5394 | −0.040% | $42K | $60K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5393 | −0.047% | $829K | $70K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5400 | +0.001% | $129K | $1.7M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5395 | −0.032% | $31K | $1.9M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5384 | −0.105% | $50.6M | $14.9M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5399 | −0.006% | $55.0M | $28.3M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5391 | −0.058% | $480K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5398 | −0.013% | $12K | $240K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5382 | −0.118% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5393 | −0.043% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0152% | 1h | 1.5400 | 0.000% | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0169% | 1h | 1.5391 | −0.057% | $15.7M | $65.4M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0192% | 1h | 1.5395 | −0.032% | $5.6M | $44.9M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0199% | 1h | 1.5409 | +0.058% | $1.8M | $953K | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0211% | 1h | 1.5392 | −0.052% | $1.4M | $9K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5396 | −0.026% | $24.2M | $69.0M | 125x | as long as short |
| Kalshi KXXRPPERPlong | +0.0302% | 8h | 1.5400 | long leg | $1.8M | $32.0M | 2.9x | |
| Hibachi XRP/USDT-P | +0.0312% | 1h | 1.5387 | −0.083% | $19K | $66K | 7x | as long as short |
| RISEx XRP/USDC | +0.0431% | 1h | 1.5395 | −0.029% | $404K | $498K | 10x | as long as short |
| Hyperliquid XRP | +0.0513% | 1h | 1.5411 | +0.071% | $283.8M | $190.5M | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.0570% | 1h | 1.5417 | +0.107% | $1K | $11K | 10x | as long as short |
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
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
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Kraken Futures PF_XRPUSD
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Hyperliquid XRP
Aftermath Perps XRPUSD