XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0113%/8h= −12.3% APRnext payment −$1.13 per $10,000 · paid last 24h −0.037%

Price spread now: Katana Perps against Kalshi−0.205%7-day average −0.087% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.118%−$12 on $10k

Price spread, last 7 days+0.018%+$2 · spread now −0.205%, 7d avg −0.087%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Katana Perps is 0.118% cheaper against Kalshi than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.087%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5153	0.0212	pay 0.0212% / 8h	5h 54m	$1.8M	$35.4M	2.9x
Short	Katana Perps XRP-USD	1.5122	0.0099	get 0.0099% / 8h	1h 54m	$12K	$367K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.205%Rate

Funding earned: −$23.66
Price spread: −0.205% → −0.087%: −$11.76
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$49.22
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 5 min ago; Katana Perps: no order-book sample. Net counts fees only.

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	0.33 bp	10.5 bp −$11	13.2 bp −$132	19.0 bp −$1,904	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5145	−0.053%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5125	−0.187%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.020%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5137	−0.102%	$245K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5147	−0.041%	$14.4M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.686%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5136	−0.112%	$8K	$8K	10x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S −0.0024%	1h	1.5137	−0.103%	$798K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5135	−0.121%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5135	−0.119%	$546K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USDshort	+0.0099%	8h	1.5122	−0.205%	$12K	$367K	20x
Nado XRP-PERP	+0.0100%	1h	1.5128	−0.162%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5138	−0.099%	$38.4M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5135	−0.116%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5138	−0.099%	$528.1M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5137	−0.106%	$344.1M	$967.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5140	−0.086%	$126.9M	$890.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5154	+0.007%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5140	−0.086%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	+0.086%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5137	−0.106%	$374.8M	$158.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5135	−0.119%	$296.7M	$916.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5136	−0.112%	$107.3M	$182.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5136	−0.112%	$266.3M	$399.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5134	−0.125%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5135	−0.120%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5133	−0.135%	$659K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5133	−0.132%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5156	+0.020%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5138	−0.100%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	−0.112%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5139	−0.090%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5139	−0.092%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5140	−0.087%	$815K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5142	−0.073%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5145	−0.053%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	−0.026%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5150	−0.020%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5139	−0.091%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5127	−0.168%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.106%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5145	−0.053%	$7.7M	$25.1M	50x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5144	−0.059%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5151	−0.013%	$5.7M	$48.4M	50x	as long as short
Hyperliquid XRP	+0.0176%	1h	1.5146	−0.046%	$288.9M	$264.1M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0177%	1h	1.5152	−0.007%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERPlong	+0.0212%	8h	1.5153	long leg	$1.8M	$35.4M	2.9x
Reya XRPRUSDPERP	+0.0218%	1h	1.5129	−0.156%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	−0.073%	$23.5M	$77.7M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5137	−0.105%	$522K	$797K	10x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5148	−0.032%	$2K	$16K	10x	as long as short