Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0223%/8h= −24.4% APRpaid last 24h −0.054%

Price spread now: edgeX against Kalshi+0.770%79s7-day average −0.081% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.306% of the position

Long on Kalshi Short on edgeX

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−0.864%−$86 · spread now +0.770%, 7d avg −0.081%

Together, before fees−1.040%+ Points / potential airdropedgeX: Active · farm board−$104 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.851% dearer against Kalshi than usual: you sell high and buy low (spread +0.770% now, against its 7-day average of −0.081%): +$85 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 13 days. At the pace of the last 7 days (−0.176% in total) that is about 34 days. The two prices were read 79 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5103	0.0323	pay 0.0323% / 8h	2h 56m	$1.9M	$35.2M	2.9x
Short	edgeX XRPUSDC	1.5219	0.0100	get 0.0050% / 4h	2h 56m	$661K	$106.5M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kalshi. 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 KalshibpFee edgeXbpOrdersPrice spread, now +0.770%Rate

Funding earned: −$46.81
Price spread: +0.770% → −0.081%: $85.1
Slippage, 4 orders: −$11.64
Fee Kalshi: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $7.65
Costs to cover: 0.306%
Break-even: from the start

Slippage from Kalshi: live order book, 3 min ago; edgeX: live order book, 3 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 Kalshi live order book, 3 min ago	2.30 bp	8.8 bp −$9	9.8 bp −$98	18.5 bp −$1,853	doesn't fit
Sell edgeX live order book, 3 min ago	1.32 bp	5.8 bp −$6	6.0 bp −$60	13.2 bp −$1,323	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	1.5182	+0.523%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	+0.182%	$1.1M	$117K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5089	−0.091%	$267K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5090	−0.089%	$827K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.026%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5085	−0.118%	$14.7M	$72.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5095	−0.053%	$57K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5094	−0.061%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5097	−0.040%	$507K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5098	−0.033%	$11K	$288K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5105	+0.017%	$906K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5100	−0.019%	$38.2M	$84.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	+0.177%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5095	−0.053%	$531.7M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5096	−0.046%	$337.7M	$929.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5093	−0.066%	$121.6M	$863.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	+0.483%	$565K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5099	−0.026%	$114K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	+0.662%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5092	−0.073%	$364.5M	$148.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5099	−0.026%	$288.1M	$889.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5118	+0.098%	$109.9M	$169.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5092	−0.073%	$263.1M	$381.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5089	−0.093%	—	$126.5M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5096	−0.045%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5219	+0.770%	$661K	$106.5M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.695%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5235	+0.874%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5130	+0.179%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5108	+0.033%	$44K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5098	−0.035%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5096	−0.049%	$813K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5102	−0.010%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5092	−0.073%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5101	−0.012%	$49.5M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5095	−0.053%	$53.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5129	+0.171%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5090	−0.087%	$2.0M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5096	−0.045%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5105	+0.013%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0130%	1h	1.5114	+0.073%	$280.4M	$221.7M	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0148%	1h	1.5099	−0.026%	$9.0M	$25.0M	50x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5103	+0.002%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5098	−0.033%	$5.7M	$46.1M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5162	+0.391%	$24.0M	$73.9M	125x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5182	+0.523%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERPlong	+0.0323%	8h	1.5103	long leg	$1.9M	$35.2M	2.9x
RISEx XRP/USDC	+0.0456%	1h	1.5101	−0.014%	$535K	$778K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0485%	1h	1.5170	+0.444%	$1.9M	$1.3M	25x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.907%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0860%	1h	1.5226	+0.816%	$2K	$13K	10x	as long as short