Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.011%

Price spread now: Kalshi against 01 Exchange+0.059%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Kalshi is 0.059% dearer against 01 Exchange than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange XRPUSD	1.5148	0.0136	pay 0.0017% / 1h	45m 02s	$8K	$8K	10x
Short	Kalshi KXXRPPERP	1.5157	0.0333	get 0.0333% / 8h	2h 45m	$2.1M	$36.0M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. 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 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.059%Rate

Funding earned: $41.32
Price spread: +0.059% → 0.000%: $5.94
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $30.26
Costs to cover: 0.170%
Break-even: 1.9 days

Slippage unknown: 01 Exchange: no order-book sample; Kalshi: live order book, 4 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	1.97 bp	7.5 bp −$7	12.0 bp −$120	18.7 bp −$1,867	doesn't fit

01 Exchange: 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	1.5152	+0.026%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5145	−0.018%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.079%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5136	−0.079%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5137	−0.073%	$9.0M	$25.0M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0023% / S +0.0065%	1h	1.5136	−0.082%	$830K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.720%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5133	−0.100%	$14.6M	$72.3M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0068%	8h	1.5141	−0.046%	$57K	$945K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5137	−0.074%	$2.8M	$14.1M	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	1.5141	−0.046%	$518K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5141	−0.046%	$11K	$305K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5149	+0.010%	$864K	$5.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5141	−0.045%	$38.3M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5154	+0.039%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5145	−0.020%	$536.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5145	−0.020%	$337.3M	$938.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5149	+0.007%	$123.4M	$870.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5157	+0.059%	$564K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5154	+0.040%	$115K	$722K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.230%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5142	−0.040%	$367.3M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5143	−0.033%	$291.0M	$898.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5144	−0.030%	$108.1M	$171.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5142	−0.040%	$264.6M	$383.9M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5145	−0.020%	—	$126.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.047%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5178	+0.199%	$660K	$108.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5207	+0.390%	$1.1M	$38.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5185	+0.244%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5150	+0.011%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5146	−0.013%	$45K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5142	−0.043%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5142	−0.038%	$815K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5152	+0.026%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5137	−0.073%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	−0.038%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5136	−0.079%	$53.7M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5154	+0.041%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5132	−0.102%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5137	−0.069%	$58K	$25K	3x	as long as short
01 Exchange XRPUSDlong	+0.0136%	1h	1.5148	long leg	$8K	$8K	10x
Hyperliquid XRP	+0.0180%	1h	1.5152	+0.026%	$280.3M	$223.1M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5139	−0.057%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5145	−0.020%	$5.7M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.297%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5156	+0.051%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERPshort	+0.0333%	8h	1.5157	+0.059%	$2.1M	$36.0M	2.9x
Backpack XRP_USDC_PERP	+0.0358%	1h	1.5150	+0.013%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5151	+0.020%	$536K	$782K	10x	as long as short
Aftermath Perps XRPUSD	+0.0806%	1h	1.5171	+0.154%	$2K	$14K	10x	as long as short