Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0254%/8h= +27.8% APRpaid last 24h +0.023%

Price spread now: Kalshi against Vest−0.055%7-day average — · you buy dearer than you sell

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

Long on Vest Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Funding pays, the price is against you. Kalshi is 0.055% cheaper against Vest than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 17 hours of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest XRP-PERP	1.5190	0.0100	pay 0.0013% / 1h	28m 56s	—	$11K	10x
Short	Kalshi KXXRPPERP	1.5182	0.0354	get 0.0354% / 8h	1h 28m	$2.1M	$35.0M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Vest. 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 VestbpFee KalshibpOrdersPrice spread, now −0.055%Rate

Funding earned: $53.36
Price spread: −0.055% → 0.000%: −$5.51
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $35.85
Costs to cover: 0.120%
Break-even: 2.3 days

Slippage unknown: Vest: no order-book sample; 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 Vest no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 5 min ago	1.98 bp	7.8 bp −$8	10.4 bp −$104	17.8 bp −$1,778	doesn't fit

Vest: 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 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	1.5187	−0.022%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5188	−0.012%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5183	−0.050%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5176	−0.095%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.433%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5183	−0.051%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5181	−0.062%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5179	−0.075%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5173	−0.115%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5173	−0.114%	$512K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5172	−0.121%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5183	−0.052%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5184	−0.042%	$281.4M	$221.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5177	−0.087%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5187	−0.022%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5171	−0.124%	$537.8M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5166	−0.160%	$344.4M	$927.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5170	−0.134%	$125.9M	$868.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	−0.128%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5187	−0.022%	$115K	$707K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.225%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5173	−0.114%	$369.5M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5175	−0.101%	$291.6M	$898.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5172	−0.119%	$108.4M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5171	−0.128%	$268.0M	$380.6M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5169	−0.141%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5198	+0.053%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	−0.091%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5214	+0.154%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.116%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5190	long leg	—	$11K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5188	−0.016%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5185	−0.035%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	−0.068%	$817K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	−0.025%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5173	−0.114%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5182	−0.057%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	−0.128%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	−0.016%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5170	−0.133%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	−0.123%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5178	−0.081%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5184	−0.042%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5177	−0.088%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5178	−0.081%	$24.2M	$75.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5198	+0.051%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5170	−0.133%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERPshort	+0.0354%	8h	1.5182	−0.055%	$2.1M	$35.0M	2.9x
RISEx XRP/USDC	+0.0484%	1h	1.5187	−0.023%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	−0.002%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5182	−0.053%	$2K	$14K	10x	as long as short