XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0223%/8h= −24.4% APRnext payment −$2.23 per $10,000 · paid last 24h −0.022%

Price spread now: MEXC against Kalshi−0.156%48s7-day average −0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$190.188% of the position

Long on Kalshi Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 7 days+0.079%+$8 · spread now −0.156%, 7d avg −0.047%

Together, before fees−0.028%−$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and MEXC is 0.109% cheaper against Kalshi than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.047%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.106% in total (about -5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.23 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	1.5340	0.0323	pay 0.0323% / 8h	3h 05m	$2.0M	$34.7M	2.9x
Short	MEXC XRP_USDT	1.5316	0.0100	get 0.0100% / 8h	7h 05m	$304.0M	$915.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.156%Rate

Funding earned: −$46.86
Price spread: −0.156% → −0.047%: −$10.94
Slippage, 4 orders: −$8.77
Fee Kalshi: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$76.57
Costs to cover: 0.188%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; MEXC: 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	1.95 bp	10.4 bp −$10	12.2 bp −$122	19.9 bp −$1,990	doesn't fit
Sell MEXC live order book, 4 min ago	0.33 bp	0.3 bp $0	0.6 bp −$6	5.0 bp −$501	28.9 bp −$14.4K

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	1.5315	−0.163%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5306	−0.225%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5312	−0.185%	$256K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0019% / S +0.0072%	1h	1.5311	−0.190%	$840K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.434%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5316	−0.156%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5319	−0.137%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5319	−0.137%	$9.3M	$24.9M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5318	−0.144%	$2.8M	$14.1M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5319	−0.137%	$513K	$3.3M	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-USD	+0.0100%	8h	1.5311	−0.189%	$9K	$281K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5316	−0.154%	$478K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5316	−0.153%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5313	−0.175%	$38.7M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5319	−0.140%	$630K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5316	−0.156%	$541.1M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5318	−0.143%	$341.6M	$918.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5319	−0.137%	$124.4M	$866.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5351	+0.072%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5318	−0.143%	$117K	$716K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.063%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5316	−0.156%	$374.2M	$152.1M	100x	as long as short
MEXC XRP_USDTshort	+0.0100%	8h	1.5316	−0.156%	$304.0M	$915.9M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5315	−0.162%	$111.0M	$167.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5317	−0.150%	$268.7M	$375.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5308	−0.209%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5315	−0.165%	$6.5M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5348	+0.053%	$666K	$106.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5355	+0.098%	$1.1M	$37.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5390	+0.326%	$1.2M	$997K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5316	−0.156%	$47K	$446K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5315	−0.163%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5320	−0.127%	$825K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5318	−0.140%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5318	−0.143%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5315	−0.163%	$50.2M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5314	−0.169%	$54.4M	$29.6M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	−0.154%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5315	−0.165%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5315	−0.160%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5313	−0.178%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5355	+0.098%	$24.1M	$74.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5322	−0.117%	$5.7M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0244%	1h	1.5316	−0.159%	$14.5M	$70.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0304%	1h	1.5318	−0.141%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0309%	1h	1.5318	−0.143%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERPlong	+0.0323%	8h	1.5340	long leg	$2.0M	$34.7M	2.9x
Hyperliquid XRP	+0.0372%	1h	1.5327	−0.085%	$289.2M	$214.9M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5330	−0.065%	$68K	$110K	15x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5318	−0.140%	$542K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0845%	1h	1.5342	+0.016%	$2K	$13K	10x	as long as short