Funding you earn now, next payment 08:00 UTC+0.0090%/8h= +9.9% APRnext payment +$0.90 per $10,000 · paid last 24h +0.037%
Price spread now: Kalshi against Bybit−0.013%7-day average +0.049% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 7 days+0.101%+$10 on $10k
+Price spread, last 7 days+0.082%+$8 · spread now −0.013%, 7d avg +0.049%
=Funding pays, the price is against you. Kalshi is 0.062% cheaper against Bybit than usual: you would sell low and buy high (spread −0.013% now, against its 7-day average of +0.049%). If the spread goes back, that is −$6 on $10k: about 2.3 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit XRPUSDT | 1.5147 | 0.0100 | pay 0.0100% / 8h | 34m 59s | $349.0M | $955.8M | 100x |
| Short | Kalshi KXXRPPERP | 1.5145 | 0.0190 | get 0.0190% / 8h | 4h 34m | $1.8M | $34.4M | 2.9x |
Bybit XRPUSDT
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $18.91
- Price spread: −0.013% → +0.049%
- −$6.19
- Slippage, 4 orders
- −$11.18
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$19.46
- Costs to cover
- 0.322%
- Break-even
- 14.2 days
Slippage from Bybit: live order book, 4 min ago; Kalshi: live order book, 4 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 Bybit live order book, 4 min ago | 0.33 bp | 6.8 bp −$7 | 7.9 bp −$79 | 14.0 bp −$1,401 | 27.8 bp −$13.9K |
| Sell Kalshi live order book, 4 min ago | 2.30 bp | 8.8 bp −$9 | 10.6 bp −$106 | 17.1 bp −$1,709 | 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 | 1.5139 | −0.053% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5139 | −0.053% | $1.1M | $148K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5137 | −0.067% | $245K | — | 150x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0014% | 1h | 1.5147 | 0.000% | $7.8M | $24.1M | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.727% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0078% | 1h | 1.5146 | −0.007% | $14.5M | $73.8M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5143 | −0.025% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5149 | +0.013% | $603K | $3.2M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.0096% | 1h | 1.5140 | −0.046% | $8K | $2K | 10x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5134 | −0.086% | $20K | $380K | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
Deribit XRP_USDC-PERPETUAL
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Lighter XRP
Lighter RH XRP
01 Exchange XRPUSD
Katana Perps XRP-USDShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | +0.0100% | 1h | 1.5145 | −0.017% | $1.0M | $6.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5148 | +0.008% | $38.3M | $86.8M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5150 | +0.019% | $611K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5149 | +0.014% | $530.1M | $2.22B | 100x | as long as short |
| Bybit XRPUSDTlong | +0.0100% | 8h | 1.5147 | long leg | $349.0M | $955.8M | 100x | |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5149 | +0.013% | $127.5M | $867.6M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5179 | +0.211% | $564K | $33K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5143 | −0.026% | $143K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5190 | +0.284% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5145 | −0.013% | $377.2M | $161.0M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5147 | 0.000% | $308.5M | $923.4M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5148 | +0.007% | $106.1M | $184.0M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5142 | −0.033% | $267.7M | $390.6M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5136 | −0.073% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5150 | +0.017% | $4.9M | $38.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5179 | +0.211% | $659K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5210 | +0.416% | $1.1M | $35.0M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5181 | +0.224% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5148 | +0.008% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5140 | −0.046% | $51K | $511K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5137 | −0.066% | $41K | $69K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5138 | −0.059% | $77K | $688K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5140 | −0.046% | $814K | $74K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5138 | −0.062% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5142 | −0.033% | $28K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5144 | −0.022% | $49.4M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5146 | −0.007% | $54.1M | $32.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5152 | +0.031% | $472K | $55K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0102% / S −0.0062% | 1h | 1.5137 | −0.064% | $781K | — | 200x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5143 | −0.024% | $2.1M | $6.9M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0104% | 1h | 1.5169 | +0.145% | $17K | $78K | 7x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5137 | −0.066% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0124% | 1h | 1.5157 | +0.066% | $289.0M | $267.8M | 20x | as long as short |
| Backpack XRP_USDC_PERP | +0.0143% | 1h | 1.5153 | +0.040% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0176% | 1h | 1.5147 | 0.000% | $5.6M | $48.2M | 50x | as long as short |
| Kalshi KXXRPPERPshort | +0.0190% | 8h | 1.5145 | −0.013% | $1.8M | $34.4M | 2.9x | |
| Reya XRPRUSDPERP | +0.0220% | 1h | 1.5136 | −0.074% | $1.3M | $4K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5143 | −0.026% | $23.6M | $77.6M | 125x | as long as short |
| RISEx XRP/USDC | +0.0394% | 1h | 1.5141 | −0.042% | $520K | $806K | 10x | as long as short |
| Phoenix XRP | +0.0526% | 1h | 1.5230 | +0.548% | $68K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0646% | 1h | 1.5198 | +0.337% | $2K | $16K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
GMX XRP/USD [ETH-USDC]
Extended XRP-USD
Hibachi XRP/USDT-P
Aevo XRP-PERP
Hyperliquid XRP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD