Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0211%/8h= +23.1% APRpaid last 24h +0.054%

Price spread now: Kalshi against edgeX+0.005%7-day average +0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on edgeX Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 7 days+0.090%+$9 · spread now +0.005%, 7d avg +0.081%

Together, before fees+0.266%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.076% cheaper against edgeX than usual: you would sell low and buy high (spread +0.005% now, against its 7-day average of +0.081%). If the spread goes back, that is −$8 on $10k: about 29 hours of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.176% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX XRPUSDC	1.5361	0.0100	pay 0.0050% / 4h	3h 22m	$667K	$107.3M	30x
Short	Kalshi KXXRPPERP	1.5362	0.0311	get 0.0311% / 8h	3h 22m	$2.0M	$34.8M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against edgeX. 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 edgeXbpFee KalshibpOrdersPrice spread, now +0.005%Rate

Funding earned: $44.29
Price spread: +0.005% → +0.081%: −$7.65
Slippage, 4 orders: −$10.14
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $7.51
Costs to cover: 0.291%
Break-even: 5.8 days

Slippage from edgeX: live order book, 1 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 edgeX live order book, 1 min ago	1.30 bp	5.8 bp −$6	5.9 bp −$59	9.0 bp −$901	doesn't fit
Sell Kalshi live order book, 1 min ago	0.32 bp	8.5 bp −$9	11.6 bp −$116	18.6 bp −$1,860	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	1.5357	−0.028%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5358	−0.020%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5354	−0.048%	$257K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0011%	1h	1.5359	−0.015%	$9.3M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0015% / S +0.0077%	1h	1.5354	−0.050%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.293%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5355	−0.041%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5359	−0.015%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5357	−0.029%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5357	−0.028%	$516K	$3.2M	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	1.5362	+0.005%	$10K	$279K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5367	+0.036%	$479K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5359	−0.015%	$1.0M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5358	−0.023%	$38.8M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5360	−0.008%	$621K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5344	−0.113%	$541.7M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5345	−0.106%	$342.3M	$919.9M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5343	−0.119%	$124.9M	$868.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5316	−0.295%	$571K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5364	+0.018%	$118K	$711K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5334	−0.175%	$1.7M	$381K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5353	−0.054%	$375.2M	$150.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5345	−0.106%	$312.2M	$906.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5346	−0.099%	$108.8M	$165.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5343	−0.119%	$268.5M	$374.9M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5353	−0.054%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5352	−0.061%	$6.3M	$35.5M	—	as long as short
edgeX XRPUSDClong	+0.0100%	4h	1.5361	long leg	$667K	$107.3M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5372	+0.070%	$1.1M	$38.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5350	−0.074%	$1.2M	$996K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5361	−0.002%	—	$9K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5367	+0.037%	$49K	$442K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5363	+0.013%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5358	−0.021%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5368	+0.043%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5357	−0.028%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5356	−0.033%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5355	−0.041%	$54.6M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5340	−0.138%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5355	−0.039%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	−0.006%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5354	−0.048%	$24.1M	$73.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5363	+0.011%	$5.8M	$46.5M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5357	−0.027%	$14.5M	$70.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5361	−0.002%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERPshort	+0.0311%	8h	1.5362	+0.005%	$2.0M	$34.8M	2.9x
Hibachi XRP/USDT-P	+0.0320%	1h	1.5367	+0.037%	$17K	$81K	7x	as long as short
Hyperliquid XRP	+0.0387%	1h	1.5362	+0.005%	$289.9M	$214.4M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5350	−0.074%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0794%	1h	1.5352	−0.059%	$2K	$12K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5367	+0.038%	$544K	$773K	10x	as long as short