XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0125%/8h= −13.7% APRnext payment −$1.25 per $10,000 · paid last 24h −0.037%

Price spread now: KuCoin against Kalshi−0.052%7-day average −0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Kalshi Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 7 days−0.017%−$2 · spread now −0.052%, 7d avg −0.038%

Together, before fees−0.141%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.038%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5242	0.0225	pay 0.0225% / 8h	5h 15m	$1.8M	$35.2M	2.9x
Short	KuCoin XRPUSDTM	1.5234	0.0100	get 0.0100% / 8h	1h 15m	$107.9M	$182.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$26.22
Price spread: −0.052% → −0.038%: −$1.36
Slippage, 4 orders: −$13.1
Fee Kalshi: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$62.68
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago	0.98 bp	8.9 bp −$9	12.3 bp −$123	18.0 bp −$1,804	doesn't fit
Sell KuCoin live order book, 4 min ago	0.03 bp	8.2 bp −$8	15.9 bp −$159	50.2 bp −$5,023	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
Hotstuff XRP-PERP	−0.0080%	1h	1.5243	+0.007%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5233	−0.059%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5260	+0.118%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5223	−0.125%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0024%	1h	1.5233	−0.058%	$14.5M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.086%	$2K	$107K	30x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0078%	1h	1.5237	−0.033%	$7.9M	$24.8M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0089% / S −0.0042%	1h	1.5223	−0.127%	$786K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5235	−0.047%	$2.8M	$15.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5236	−0.039%	$548K	$3.2M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0099%	8h	1.5221	−0.138%	$11K	$372K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5232	−0.062%	$994K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5234	−0.049%	$38.7M	$87.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5235	−0.046%	$619K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5235	−0.046%	$535.0M	$2.23B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5228	−0.092%	$349.2M	$965.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5232	−0.066%	$127.9M	$884.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5239	−0.020%	$567K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5231	−0.072%	$145K	$716K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5234	−0.052%	$378.0M	$161.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5236	−0.039%	$311.6M	$931.6M	300x	as long as short
KuCoin XRPUSDTMshort	+0.0100%	8h	1.5234	−0.052%	$107.9M	$182.7M	75x
Bitget XRPUSDT	+0.0100%	8h	1.5229	−0.085%	$269.3M	$397.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5229	−0.085%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5233	−0.060%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5248	+0.041%	$664K	$114.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5240	−0.016%	$1.1M	$36.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5258	+0.105%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5233	−0.057%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5226	−0.105%	$64K	$508K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5233	−0.060%	$41K	$71K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5231	−0.072%	$75K	$695K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5238	−0.023%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5234	−0.052%	$30K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5238	−0.028%	$49.8M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5233	−0.059%	$54.6M	$32.6M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5206	−0.236%	$1.6M	$5K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5240	−0.016%	$475K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5228	−0.091%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5231	−0.072%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5228	−0.092%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5239	−0.021%	$17K	$79K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5231	−0.072%	$5.7M	$48.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0184%	1h	1.5245	+0.020%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0214%	1h	1.5250	+0.052%	$290.4M	$265.9M	20x	as long as short
Reya XRPRUSDPERP	+0.0219%	1h	1.5222	−0.130%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5234	−0.052%	$23.6M	$78.3M	125x	as long as short
Kalshi KXXRPPERPlong	+0.0225%	8h	1.5242	long leg	$1.8M	$35.2M	2.9x
RISEx XRP/USDC	+0.0316%	1h	1.5228	−0.089%	$529K	$806K	10x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5235	−0.048%	$2K	$16K	10x	as long as short