Funding you earn now, next payment 09:00 UTC+0.0005%/8h= +0.6% APRpaid last 24h +0.053%
Price spread now: Hyperliquid against Kalshi+0.091%7-day average 0.000% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days+0.071%+$7 on $10k
+Price spread, last 7 days−0.121%−$12 · spread now +0.091%, 7d avg 0.000%
=Together, before fees−0.049%+ Points / potential airdropHyperliquid: Season 2 · farm board−$5 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.091% dearer against Kalshi than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of 0.000%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXXRPPERP | 1.5357 | 0.0172 | pay 0.0172% / 8h | 3h 12m | $1.7M | $32.8M | 2.9x |
| Short | Hyperliquid XRP | 1.5371 | 0.0177 | get 0.0022% / 1h | 12m 29s | $294.3M | $265.8M | 20x |
Kalshi KXXRPPERP
Hyperliquid XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- $1.15
- Price spread: +0.091% → 0.000%
- $9.11
- Slippage, 4 orders
- −$13.07
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$21.81
- Costs to cover
- 0.321%
- Break-even
- 139.7 days
Slippage from Kalshi: live order book, 2 min ago; Hyperliquid: live order book, 12 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 | 2.28 bp | 11.2 bp −$11 | 12.8 bp −$128 | 18.3 bp −$1,828 | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.33 bp | 5.4 bp −$5 | 6.8 bp −$68 | 11.2 bp −$1,123 | doesn't fit |
XRP on 50 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_XRPUSD | −0.0170% | 1h | 1.5337 | −0.129% | $14.0M | $74.7M | 50x | as long as short |
| Hotstuff XRP-PERP | −0.0080% | 1h | 1.5351 | −0.039% | $5K | $3K | 20x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5350 | −0.046% | $69K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5339 | −0.117% | $7.8M | $22.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5333 | −0.156% | $249K | — | 150x | as long as short |
| dYdX XRP-USD | +0.0006% | 1h | 1.5347 | −0.066% | $1.1M | $123K | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.322% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5356 | −0.007% | $9K | $2K | 10x | as long as short |
| Hibachi XRP/USDT-P | +0.0080% | 1h | 1.5360 | +0.018% | $17K | $78K | 7x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5359 | +0.011% | $2.8M | $14.7M | 20x | as long as short |
Kraken Futures PF_XRPUSD
Hotstuff XRP-PERP
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
dYdX XRP-USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
Hibachi XRP/USDT-P
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5360 | +0.020% | $624K | $3.1M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5353 | −0.026% | $20K | $378K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5356 | −0.008% | $479K | $52K | 50x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5357 | +0.003% | $1.0M | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5356 | −0.006% | $39.0M | $82.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5358 | +0.010% | $618K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5359 | +0.013% | $536.7M | $2.12B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5360 | +0.020% | $357.6M | $912.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5361 | +0.026% | $127.2M | $840.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5326 | −0.202% | $562K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5361 | +0.026% | $161K | $702K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5316 | −0.268% | $1.6M | $13K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5355 | −0.013% | $379.2M | $156.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5354 | −0.020% | $318.0M | $930.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5355 | −0.014% | $108.5M | $180.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5362 | +0.033% | $272.8M | $363.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5355 | −0.013% | — | $106.4M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5344 | −0.083% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5339 | −0.117% | $666K | $113.7M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5356 | −0.004% | $1.1M | $32.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5342 | −0.098% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5364 | +0.046% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5363 | +0.039% | $52K | $502K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5334 | −0.150% | $41K | $66K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5335 | −0.143% | $78K | $646K | 50x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5337 | −0.130% | $129K | $1.6M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5334 | −0.150% | $31K | $1.5M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5349 | −0.054% | $50.1M | $13.9M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5348 | −0.059% | $54.4M | $33.2M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5351 | −0.041% | $2.1M | $6.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5332 | −0.162% | $59K | $25K | 3x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0134% / S −0.0096% | 1h | 1.5335 | −0.146% | $788K | — | 200x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0160% | 1h | 1.5333 | −0.156% | $5.3M | $46.4M | 50x | as long as short |
| Kalshi KXXRPPERPlong | +0.0172% | 8h | 1.5357 | long leg | $1.7M | $32.8M | 2.9x | |
| Hyperliquid XRPshort | +0.0177% | 1h | 1.5371 | +0.091% | $294.3M | $265.8M | 20x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5334 | −0.150% | $23.8M | $78.0M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0221% | 1h | 1.5331 | −0.169% | $1.4M | $4K | 15x | as long as short |
| Backpack XRP_USDC_PERP | +0.0225% | 1h | 1.5359 | +0.013% | $2.0M | $1.3M | 25x | as long as short |
| RISEx XRP/USDC | +0.0337% | 1h | 1.5360 | +0.017% | $526K | $784K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0522% | 1h | 1.5320 | −0.239% | $3K | $16K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Paradex XRP-USD-PERP
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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
GMX XRP/USD [ETH-USDC]
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Reya XRPRUSDPERP
Backpack XRP_USDC_PERP
RISEx XRP/USDC
Aftermath Perps XRPUSD