Funding you earn now, next payment 12:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.39 per $10,000 · paid last 24h +0.046%
Price spread now: Kalshi against Orderly+0.039%7-day average +0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.140%+$14 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now +0.039%, 7d avg +0.049%
=The price spread sits at its 7-day average of +0.049%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XRP_USDC | 1.5335 | 0.0100 | pay 0.0100% / 8h | 5h 51m | $83K | $613K | 50x |
| Short | Kalshi KXXRPPERP | 1.5341 | 0.0139 | get 0.0139% / 8h | 1h 51m | $1.9M | $35.0M | 2.9x |
Orderly PERP_XRP_USDC
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Orderly. 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
- $8.16
- Price spread: +0.039% → +0.049%
- −$0.98
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$8.82
- Costs to cover
- 0.160%
- Break-even
- 14.6 days
Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 6 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 6 min ago | 2.27 bp | 10.1 bp −$10 | 13.4 bp −$134 | 19.7 bp −$1,973 | doesn't fit |
Orderly: 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 50 exchanges
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 | 1.5403 | +0.443% | $5K | $4K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0062% | 1h | 1.5345 | +0.063% | $14.1M | $71.5M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5338 | +0.021% | $1.1M | $154K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5360 | +0.163% | $69K | $108K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5340 | +0.033% | $7.8M | $21.5M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5357 | +0.142% | $246K | — | 150x | as long as short |
| 01 Exchange XRPUSD | +0.0008% | 1h | 1.5337 | +0.013% | $9K | $987 | 10x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +1.467% | $2K | $107K | 30x | as long as short |
| SoDEX XRP-USD | +0.0048% | 1h | 1.5345 | +0.065% | $29K | $1.5M | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5326 | −0.058% | $2.8M | $14.1M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
01 Exchange XRPUSD
Injective XRP/USDC PERP
SoDEX XRP-USD
Lighter XRPShow all 50 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5332 | −0.020% | $598K | $3.1M | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.0099% | 8h | 1.5332 | −0.017% | $478K | $47K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5333 | −0.013% | $10K | $402K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5324 | −0.075% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5348 | +0.085% | $299.2M | $266.5M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5335 | −0.002% | $39.3M | $81.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5331 | −0.029% | $593K | $1.0M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5334 | −0.008% | $534.9M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5336 | +0.007% | $361.9M | $890.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5334 | −0.007% | $124.8M | $837.1M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5365 | +0.196% | $563K | $37K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5343 | +0.052% | $165K | $681K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5379 | +0.287% | $1.6M | $25K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5332 | −0.020% | $382.3M | $155.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5334 | −0.007% | $312.2M | $888.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5327 | −0.054% | $106.6M | $181.7M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5334 | −0.007% | $272.0M | $357.2M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5335 | 0.000% | — | $101.0M | — | as long as short |
| Backpack XRP_USDC_PERP | +0.0100% | 1h | 1.5356 | +0.137% | $2.0M | $1.2M | 25x | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5375 | +0.258% | $5.0M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5351 | +0.103% | $668K | $109.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5340 | +0.034% | $1.1M | $30.7M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5358 | +0.150% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5331 | −0.026% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5336 | +0.007% | $52K | $475K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5336 | +0.004% | $42K | $65K | 20x | as long as short |
| Orderly PERP_XRP_USDClong | +0.0100% | 8h | 1.5335 | long leg | $83K | $613K | 50x | |
| SunX XRP-USDT | +0.0100% | 8h | 1.5339 | +0.028% | $129K | $1.5M | 30x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5341 | +0.040% | $50.0M | $14.1M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5346 | +0.072% | $54.7M | $33.3M | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5329 | −0.037% | $2.2M | $6.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5332 | −0.016% | $59K | $25K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0112% | 1h | 1.5343 | +0.052% | $5.5M | $44.4M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0120% | 1h | 1.5337 | +0.013% | $17K | $76K | 7x | as long as short |
| Kalshi KXXRPPERPshort | +0.0139% | 8h | 1.5341 | +0.039% | $1.9M | $35.0M | 2.9x | |
| GMX XRP/USD [ETH-USDC] | L +0.0203% / S −0.0551% | 1h | 1.5345 | +0.064% | $805K | — | 200x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5358 | +0.150% | $23.9M | $78.5M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.0223% | 1h | 1.5332 | −0.020% | $1.4M | $1K | 15x | as long as short |
| RISEx XRP/USDC | +0.0239% | 1h | 1.5341 | +0.042% | $515K | $736K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0430% | 1h | 1.5375 | +0.258% | $3K | $13K | 10x | as long as short |
Lighter RH XRP
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
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
Backpack XRP_USDC_PERP
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
SunX XRP-USDT
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
GMX XRP/USD [ETH-USDC]
BloFin XRP-USDT
Reya XRPRUSDPERP
RISEx XRP/USDC
Aftermath Perps XRPUSD