XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0234%/8h= +25.7% APRnext payment +$2.34 per $10,000 · paid last 24h +0.022%

Price spread now: Kalshi against Gate−0.007%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Gate Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.063%+$6 on $10k

Price spread, last 7 days+0.086%+$9 · spread now −0.007%, 7d avg +0.048%

Together, before fees+0.149%+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.054% cheaper against Gate than usual: you would sell low and buy high (spread −0.007% now, against its 7-day average of +0.048%). If the spread goes back, that is −$5 on $10k: about 19 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.063% in total) that is about 6.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.063% in total (about 3.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.34 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	Gate XRP_USDT	1.5170	0.0100	pay 0.0100% / 8h	5h 00m	$369.0M	$154.4M	100x
Short	Kalshi KXXRPPERP	1.5169	0.0334	get 0.0334% / 8h	1h 00m	$2.1M	$34.5M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Gate. 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 GatebpFee KalshibpOrdersPrice spread, now −0.007%Rate

Funding earned: $49.21
Price spread: −0.007% → +0.048%: −$5.44
Slippage, 4 orders: −$14.22
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $4.56
Costs to cover: 0.392%
Break-even: 6.4 days

Slippage from Gate: 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 Gate live order book, 4 min ago	0.33 bp	9.8 bp −$10	13.7 bp −$137	29.9 bp −$2,995	42.0 bp −$21.0K
Sell Kalshi live order book, 4 min ago	2.64 bp	7.6 bp −$8	8.5 bp −$85	15.0 bp −$1,499	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	1.5170	0.000%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5165	−0.033%	$1.1M	$114K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5165	−0.033%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5163	−0.045%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0036%	1h	1.5163	−0.047%	$833K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.571%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5168	−0.013%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0077%	8h	1.5164	−0.040%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5173	+0.021%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5175	+0.033%	$511K	$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	1.5157	−0.086%	$10K	$310K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5171	+0.005%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5182	+0.079%	$282.0M	$223.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5172	+0.015%	$38.3M	$83.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5173	+0.020%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5163	−0.048%	$534.9M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5160	−0.066%	$345.5M	$930.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5161	−0.059%	$125.9M	$872.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5158	−0.079%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5170	0.000%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.038%	$1.6M	$49K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5170	long leg	$369.0M	$154.4M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5172	+0.013%	$298.0M	$905.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5173	+0.018%	$108.3M	$172.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5167	−0.020%	$268.7M	$381.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5164	−0.040%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5162	−0.050%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	−0.116%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5159	−0.072%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5150	−0.132%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5164	−0.040%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5166	−0.026%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5165	−0.032%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5167	−0.021%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5172	+0.012%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5163	−0.046%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5161	−0.057%	$49.6M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5169	−0.007%	$53.9M	$30.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5171	+0.009%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5164	−0.039%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5163	−0.046%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0172%	1h	1.5176	+0.040%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5158	−0.081%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5164	−0.040%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5171	+0.007%	$5.7M	$46.9M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5166	−0.026%	$24.3M	$75.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5164	−0.042%	$14.4M	$73.5M	50x	as long as short
Kalshi KXXRPPERPshort	+0.0334%	8h	1.5169	−0.007%	$2.1M	$34.5M	2.9x
RISEx XRP/USDC	+0.0484%	1h	1.5171	+0.006%	$517K	$780K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5180	+0.066%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0649%	1h	1.5171	+0.010%	$2K	$14K	10x	as long as short