XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0257%/8h= +28.1% APRnext payment +$2.57 per $10,000 · paid last 24h +0.037%

Price spread now: Kalshi against Variational Omni−0.038%7-day average +0.050% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.100%+$10 on $10k

Price spread, last 7 days+0.120%+$12 · spread now −0.038%, 7d avg +0.050%

Together, before fees+0.219%+ Points / potential airdropVariational Omni: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.088% cheaper against Variational Omni than usual: you would sell low and buy high (spread −0.038% now, against its 7-day average of +0.050%). If the spread goes back, that is −$9 on $10k: about 27 hours of funding at the current rate (+$8 a day). At the pace of the last 4 days (+0.100% in total) that is about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni XRP	1.5245	0.0100	pay 0.0100% / 8h	3h 28m	$4.9M	$38.3M	—
Short	Kalshi KXXRPPERP	1.5239	0.0357	get 0.0357% / 8h	7h 28m	$1.9M	$35.2M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Variational Omni. 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 Variational OmnibpFee KalshibpOrdersPrice spread, now −0.038%Rate

Funding earned: $53.88
Price spread: −0.038% → +0.050%: −$8.79
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $35.09
Costs to cover: 0.100%
Break-even: 2.4 days

Slippage unknown: Variational Omni: RFQ quote, just now; Kalshi: live order book, 5 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 Variational Omni RFQ quote, just now	2.04 bp	doesn't fit	4.0 bp −$40	26.9 bp −$2,693	doesn't fit
Sell Kalshi live order book, 5 min ago	1.97 bp	10.4 bp −$10	11.7 bp −$117	18.9 bp −$1,889	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	1.5251	+0.040%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5226	−0.121%	$1.1M	$115K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5228	−0.114%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5230	−0.097%	$7.8M	$25.4M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5225	−0.129%	$14.5M	$74.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.067%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0010%	1h	1.5228	−0.114%	$795K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5225	−0.130%	$2.9M	$14.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5226	−0.124%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5234	−0.071%	$10K	$347K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5232	−0.087%	$997K	$6.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5220	−0.166%	$38.6M	$85.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5238	−0.048%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5217	−0.183%	$536.1M	$2.15B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5219	−0.169%	$347.7M	$943.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5220	−0.163%	$127.1M	$888.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5212	−0.215%	$566K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5240	−0.032%	$134K	$705K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5212	−0.215%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5218	−0.176%	$370.3M	$155.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5218	−0.176%	$295.0M	$903.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5220	−0.160%	$109.3M	$177.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5218	−0.176%	$270.0M	$389.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5218	−0.176%	—	$4.2M	—	as long as short
Variational Omni XRPlong	+0.0100%	8h	1.5245	long leg	$4.9M	$38.3M	—
edgeX XRPUSDC	+0.0100%	4h	1.5233	−0.078%	$662K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5244	−0.005%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.047%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5234	−0.074%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5234	−0.071%	$45K	$477K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5228	−0.110%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5222	−0.150%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5224	−0.135%	$819K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5226	−0.123%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5226	−0.124%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5226	−0.126%	$49.8M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5224	−0.137%	$54.2M	$31.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5227	−0.118%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5212	−0.215%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5222	−0.150%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5240	−0.032%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5230	−0.097%	$5.7M	$47.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5230	−0.098%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	−0.124%	$24.2M	$76.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0280%	1h	1.5241	−0.028%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0286%	1h	1.5228	−0.110%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERPshort	+0.0357%	8h	1.5239	−0.038%	$1.9M	$35.2M	2.9x
RISEx XRP/USDC	+0.0358%	1h	1.5238	−0.044%	$519K	$776K	10x	as long as short
Hyperliquid XRP	+0.0394%	1h	1.5238	−0.045%	$301.6M	$245.9M	20x	as long as short
Phoenix XRP	+0.0528%	1h	1.5240	−0.032%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5229	−0.106%	$2K	$15K	10x	as long as short