Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h −0.093%
Price spread now: Kalshi against RISEx+0.082%7-day average +0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$22as in the Price arb table
costs, in and out, $10k−$290.289% of the position
Funding, last 3 days (all we have)−0.250%−$25 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now +0.082%, 7d avg +0.010%
=The price spread pays, funding is against you. Kalshi is 0.072% dearer against RISEx than usual: you sell high and buy low (spread +0.082% now, against its 7-day average of +0.010%): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 3 days (−0.250% in total) that is about 24 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | RISEx XRP/USDC | 1.5134 | 0.0456 | pay 0.0057% / 1h | 18m 15s | $529K | $787K | 10x |
| Short | Kalshi KXXRPPERP | 1.5146 | 0.0361 | get 0.0361% / 8h | 2h 18m | $2.1M | $35.7M | 2.9x |
RISEx XRP/USDC
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against RISEx. 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
- −$19.98
- Price spread: +0.082% → +0.010%
- $7.23
- Slippage, 4 orders
- −$12.93
- Fee RISEx: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$41.67
- Costs to cover
- 0.289%
- Break-even
- never at this rate
Slippage from RISEx: live order book, 50 min ago; Kalshi: live order book, 6 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 RISEx live order book, 50 min ago | 1.01 bp | 4.0 bp −$4 | 8.9 bp −$89 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 6 min ago | 4.28 bp | 11.6 bp −$12 | 14.0 bp −$140 | 22.4 bp −$2,241 | 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 | 1.5146 | +0.082% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5152 | +0.119% | $1.1M | $110K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5170 | +0.241% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5143 | +0.060% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0022% / S +0.0057% | 1h | 1.5141 | +0.047% | $800K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.818% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5141 | +0.046% | $14.5M | $72.7M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0072% | 8h | 1.5139 | +0.036% | $62K | $953K | 50x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0080% | 1h | 1.5146 | +0.082% | $7.6M | $25.3M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5145 | +0.074% | $2.8M | $14.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Deribit XRP_USDC-PERPETUAL
Lighter XRPShow all 50 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5146 | +0.082% | $511K | $3.3M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5124 | −0.063% | $10K | $307K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5137 | +0.026% | $934K | $6.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5136 | +0.015% | $38.5M | $84.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5156 | +0.147% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5140 | +0.046% | $537.0M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5131 | −0.017% | $340.7M | $940.5M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5131 | −0.017% | $124.2M | $871.2M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5130 | −0.023% | $564K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5139 | +0.036% | $114K | $701K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.370% | $1.6M | $330K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5127 | −0.043% | $368.0M | $152.7M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5129 | −0.030% | $289.7M | $915.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5141 | +0.047% | $107.0M | $171.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5128 | −0.037% | $266.5M | $384.5M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5127 | −0.043% | — | $126.9M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5151 | +0.113% | $6.2M | $35.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5154 | +0.133% | $658K | $109.2M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5186 | +0.346% | $1.1M | $37.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5155 | +0.142% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5141 | +0.046% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5136 | +0.016% | $44K | $445K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5144 | +0.070% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5142 | +0.058% | $815K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5142 | +0.056% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5143 | +0.062% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5145 | +0.074% | $49.6M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5133 | −0.004% | $53.8M | $29.8M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5156 | +0.150% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5139 | +0.039% | $2.0M | $6.9M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5139 | +0.036% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0136% | 1h | 1.5131 | −0.017% | $8K | $8K | 10x | as long as short |
| Hyperliquid XRP | +0.0190% | 1h | 1.5137 | +0.023% | $280.2M | $222.0M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5133 | −0.006% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5149 | +0.102% | $5.7M | $46.7M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0320% | 1h | 1.5132 | −0.010% | $17K | $82K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.0343% | 1h | 1.5138 | +0.029% | $1.9M | $1.3M | 25x | as long as short |
| Kalshi KXXRPPERPshort | +0.0361% | 8h | 1.5146 | +0.082% | $2.1M | $35.7M | 2.9x | |
| RISEx XRP/USDClong | +0.0456% | 1h | 1.5134 | long leg | $529K | $787K | 10x | |
| Aftermath Perps XRPUSD | +0.0756% | 1h | 1.5153 | +0.130% | $2K | $14K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
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
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
01 Exchange XRPUSD
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Backpack XRP_USDC_PERP
Aftermath Perps XRPUSD