XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0205%/8h= +22.5% APRnext payment +$2.05 per $10,000 · paid last 24h +0.022%

Price spread now: Kalshi against SunX+0.102%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$650.651% of the position

Long on SunX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.019%−$2 · spread now +0.102%, 7d avg +0.019%

Together, before fees−0.025%−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kalshi is 0.083% dearer against SunX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.019%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.05 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	SunX XRP-USDT	1.5388	0.0100	pay 0.0100% / 8h	25m 39s	$129K	$1.8M	30x
Short	Kalshi KXXRPPERP	1.5404	0.0305	get 0.0305% / 8h	4h 25m	$2.0M	$34.3M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against SunX. 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 SunXbpFee KalshibpOrdersPrice spread, now +0.102%Rate

Funding earned: $43.1
Price spread: +0.102% → +0.019%: $8.28
Slippage, 4 orders: −$47.13
Fee SunX: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$13.75
Costs to cover: 0.651%
Break-even: 9.2 days

Slippage from SunX: live order book, 10 min ago; Kalshi: live order book, 3 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 SunX live order book, 10 min ago	15.02 bp	22.0 bp −$22	26.0 bp −$260	doesn't fit	doesn't fit
Sell Kalshi live order book, 3 min ago	1.95 bp	8.7 bp −$9	11.9 bp −$119	19.8 bp −$1,984	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	1.5379	−0.060%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5363	−0.161%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5420	+0.206%	$69K	$90K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5378	−0.065%	$266K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0098%	1h	1.5377	−0.071%	$831K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5381	−0.047%	$9.4M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5377	−0.071%	$15.0M	$69.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0058%	8h	1.5382	−0.041%	$76K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.116%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5369	−0.124%	$2.9M	$12.8M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5376	−0.080%	$438K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5362	−0.168%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5365	−0.150%	$39.1M	$81.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5369	−0.125%	$632K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5359	−0.190%	$546.9M	$2.04B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5356	−0.210%	$341.2M	$923.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5350	−0.249%	$125.1M	$879.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5382	−0.041%	$573K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5364	−0.158%	$116K	$757K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5410	+0.141%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5358	−0.197%	$361.0M	$147.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5363	−0.164%	$292.3M	$883.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5362	−0.169%	$109.8M	$164.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5357	−0.203%	$267.9M	$373.8M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5359	−0.190%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5385	−0.023%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5405	+0.107%	$669K	$104.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5403	+0.095%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5406	+0.115%	$1.0M	$900K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5385	−0.021%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5381	−0.047%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5380	−0.051%	$828K	$81K	10x	as long as short
SunX XRP-USDTlong	+0.0100%	8h	1.5388	long leg	$129K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5380	−0.054%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5379	−0.062%	$50.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5384	−0.028%	$54.7M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5367	−0.136%	$479K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5389	+0.001%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5358	−0.197%	$11K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5355	−0.218%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5379	−0.063%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5359	−0.190%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5381	−0.049%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5416	+0.180%	$24.4M	$74.5M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5386	−0.015%	$5.8M	$47.3M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5406	+0.118%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0264%	1h	1.5385	−0.021%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERPshort	+0.0305%	8h	1.5404	+0.102%	$2.0M	$34.3M	2.9x
Hyperliquid XRP	+0.0587%	1h	1.5392	+0.024%	$292.7M	$212.6M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5369	−0.124%	$499K	$635K	10x	as long as short
Aftermath Perps XRPUSD	+0.0786%	1h	1.5427	+0.252%	$1K	$11K	10x	as long as short