XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0215%/8h= +23.5% APRnext payment +$2.15 per $10,000 · paid last 24h +0.022%

Price spread now: Kalshi against BingX−0.020%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on BingX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.043%+$4 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.020%, 7d avg +0.048%

Together, before fees+0.151%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.068% cheaper against BingX than usual: you would sell low and buy high (spread −0.020% now, against its 7-day average of +0.048%). If the spread goes back, that is −$7 on $10k: about 25 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.043% in total) that is about 11 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.043% in total (about 2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 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	BingX XRP-USDT	1.5155	0.0100	pay 0.0100% / 8h	4h 37m	—	$126.7M	—
Short	Kalshi KXXRPPERP	1.5152	0.0315	get 0.0315% / 8h	37m 42s	$2.1M	$34.5M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BingX. 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 BingXbpFee KalshibpOrdersPrice spread, now −0.020%Rate

Funding earned: $45.07
Price spread: −0.020% → +0.048%: −$6.8
Slippage, 4 orders: −$9.4
Fee BingX: 5 bp × 2 orders: −$10
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $8.86
Costs to cover: 0.294%
Break-even: 5.6 days

Slippage from BingX: live order book, 16 min ago; Kalshi: live order book, 1 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 BingX live order book, 16 min ago	0.99 bp	6.0 bp −$6	6.0 bp −$60	7.1 bp −$713	14.0 bp −$6,979
Sell Kalshi live order book, 1 min ago	1.98 bp	8.9 bp −$9	11.9 bp −$119	18.3 bp −$1,830	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	1.5162	+0.046%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5159	+0.028%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5161	+0.040%	$1.1M	$114K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	−0.033%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5160	+0.035%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5165	+0.066%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.672%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0040% / S +0.0030%	1h	1.5160	+0.035%	$789K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5156	+0.007%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0081%	8h	1.5163	+0.053%	$62K	$935K	50x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter XRP	+0.0096%	1h	1.5161	+0.037%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5164	+0.059%	$510K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0097%	8h	1.5148	−0.046%	$9K	$324K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5164	+0.063%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5169	+0.092%	$281.7M	$225.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5163	+0.050%	$38.4M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5162	+0.045%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5158	+0.023%	$534.1M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5156	+0.007%	$344.8M	$931.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5156	+0.007%	$125.9M	$874.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	+0.132%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5148	−0.046%	$110K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5146	−0.061%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5156	+0.007%	$369.9M	$153.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5158	+0.020%	$289.9M	$897.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5157	+0.013%	$108.0M	$173.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	−0.013%	$267.8M	$384.3M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5155	long leg	—	$126.7M	—
Variational Omni XRP	+0.0100%	8h	1.5148	−0.048%	$5.4M	$37.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.025%	$658K	$108.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	+0.165%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5149	−0.040%	$1.2M	$1.1M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5163	+0.053%	$44K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5161	+0.041%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5166	+0.070%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5165	+0.067%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5161	+0.040%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5159	+0.028%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5158	+0.020%	$54.1M	$30.6M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5163	+0.056%	$473K	$55K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5162	+0.043%	—	$11K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5151	−0.028%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5164	+0.059%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0160%	1h	1.5152	−0.018%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0164%	1h	1.5171	+0.106%	$1.9M	$1.3M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5170	+0.099%	$5.6M	$47.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5161	+0.041%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5141	−0.092%	$24.1M	$76.0M	125x	as long as short
Kalshi KXXRPPERPshort	+0.0315%	8h	1.5152	−0.020%	$2.1M	$34.5M	2.9x
RISEx XRP/USDC	+0.0352%	1h	1.5158	+0.021%	$516K	$779K	10x	as long as short
Aftermath Perps XRPUSD	+0.0658%	1h	1.5155	+0.002%	$2K	$15K	10x	as long as short