Funding you earn now, next payment 04:00 UTC+0.0239%/8h= +26.2% APRnext payment +$2.39 per $10,000 · paid last 24h +0.022%
Price spread now: Kalshi against OKX+0.059%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$280.283% of the position
Funding, last 7 days+0.066%+$7 on $10k
+Price spread, last 7 days+0.009%+$1 · spread now +0.059%, 7d avg +0.051%
=The price spread sits at its 7-day average of +0.051%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.066% in total (about 3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.39 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 | OKX XRP-USDT-SWAP | 1.5162 | 0.0100 | pay 0.0100% / 8h | 5h 05m | $125.6M | $872.3M | 100x |
| Short | Kalshi KXXRPPERP | 1.5171 | 0.0339 | get 0.0339% / 8h | 1h 05m | $2.1M | $34.6M | 2.9x |
OKX XRP-USDT-SWAP
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against OKX. 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
- $50.28
- Price spread: +0.059% → +0.051%
- $0.88
- Slippage, 4 orders
- −$8.3
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $22.86
- Costs to cover
- 0.283%
- Break-even
- 3.8 days
Slippage from OKX: live order book, 4 min ago; Kalshi: 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 OKX live order book, 4 min ago | 0.33 bp | 5.5 bp −$6 | 6.9 bp −$69 | 14.6 bp −$1,456 | 32.3 bp −$16.1K |
| Sell Kalshi live order book, 4 min ago | 1.98 bp | 8.4 bp −$8 | 11.2 bp −$112 | 18.8 bp −$1,882 | 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 | 1.5156 | −0.040% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5145 | −0.109% | $1.1M | $110K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5157 | −0.033% | $7.7M | $25.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5156 | −0.040% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0031% / S +0.0037% | 1h | 1.5156 | −0.037% | $832K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.625% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0056% | 1h | 1.5162 | 0.000% | $8K | $8K | 10x | as long as short |
| Orderly PERP_XRP_USDC | +0.0077% | 8h | 1.5154 | −0.053% | $62K | $935K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5150 | −0.080% | $2.8M | $14.5M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5153 | −0.059% | $510K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
01 Exchange XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5159 | −0.020% | $10K | $311K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5159 | −0.016% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5163 | +0.007% | $281.6M | $223.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5157 | −0.033% | $38.3M | $83.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5152 | −0.067% | $608K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5160 | −0.012% | $535.3M | $2.10B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5161 | −0.007% | $345.6M | $930.5M | 100x | as long as short |
| OKX XRP-USDT-SWAPlong | +0.0100% | 8h | 1.5162 | long leg | $125.6M | $872.3M | 100x | |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5169 | +0.046% | $565K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5160 | −0.013% | $114K | $714K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5223 | +0.402% | $1.6M | $49K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5157 | −0.033% | $368.2M | $154.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5152 | −0.066% | $297.0M | $904.7M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5153 | −0.057% | $108.5M | $172.1M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5159 | −0.020% | $269.0M | $381.3M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5159 | −0.020% | — | $126.0M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5154 | −0.056% | $5.9M | $36.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5173 | +0.071% | $659K | $107.9M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5183 | +0.139% | $1.1M | $35.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5189 | +0.178% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5160 | −0.014% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5161 | −0.007% | $42K | $450K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5159 | −0.017% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5155 | −0.044% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5168 | +0.040% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5156 | −0.040% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5161 | −0.005% | $49.6M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5161 | −0.007% | $53.9M | $30.1M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5152 | −0.066% | $472K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5152 | −0.066% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5154 | −0.056% | $58K | $25K | 3x | as long as short |
| Backpack XRP_USDC_PERP | +0.0178% | 1h | 1.5166 | +0.026% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0200% | 1h | 1.5175 | +0.085% | $17K | $82K | 7x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5158 | −0.026% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5159 | −0.020% | $5.6M | $46.8M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5179 | +0.112% | $24.2M | $75.6M | 125x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0273% | 1h | 1.5159 | −0.021% | $14.3M | $73.3M | 50x | as long as short |
| Kalshi KXXRPPERPshort | +0.0339% | 8h | 1.5171 | +0.059% | $2.1M | $34.6M | 2.9x | |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5165 | +0.021% | $516K | $780K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5190 | +0.185% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0654% | 1h | 1.5193 | +0.206% | $2K | $14K | 10x | as long as short |
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
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
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD