XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0251%/8h= −27.5% APRnext payment −$2.51 per $10,000 · paid last 24h −0.022%

Price spread now: HTX against Kalshi−0.049%7-day average −0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$370.366% of the position

Long on Kalshi Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.442%−$44 · spread now −0.049%, 7d avg −0.083%

Together, before fees−0.436%−$44 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.033% dearer against Kalshi than usual: you sell high and buy low (spread −0.049% now, against its 7-day average of −0.083%): +$3 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 11 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.006% in total (about 0.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.51 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	Kalshi KXXRPPERP	1.5165	0.0351	pay 0.0351% / 8h	1h 25m	$2.1M	$34.9M	2.9x
Short	HTX XRP-USDT	1.5157	0.0100	get 0.0100% / 8h	5h 25m	$49.6M	$15.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.049%Rate

Funding earned: −$52.72
Price spread: −0.049% → −0.083%: $3.32
Slippage, 4 orders: −$14.6
Fee Kalshi: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$86
Costs to cover: 0.366%
Break-even: never at this rate

Slippage from Kalshi: live order book, 4 min ago; HTX: 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 Kalshi live order book, 4 min ago	1.98 bp	8.8 bp −$9	13.3 bp −$133	21.3 bp −$2,132	doesn't fit
Sell HTX live order book, 4 min ago	0.03 bp	10.4 bp −$10	11.9 bp −$119	31.3 bp −$3,134	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	1.5167	+0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5182	+0.115%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5181	+0.107%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5168	+0.020%	$7.7M	$25.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.605%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0035% / S +0.0042%	1h	1.5181	+0.103%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5186	+0.138%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0076%	8h	1.5165	0.000%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5185	+0.133%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5182	+0.112%	$512K	$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	1.5176	+0.073%	$10K	$309K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5181	+0.109%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5195	+0.198%	$281.7M	$221.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5183	+0.118%	$38.5M	$83.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5185	+0.129%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5187	+0.144%	$538.0M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5185	+0.132%	$344.7M	$926.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5185	+0.132%	$125.9M	$867.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.040%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5189	+0.158%	$114K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.058%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5186	+0.138%	$370.0M	$152.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5183	+0.119%	$294.0M	$899.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5187	+0.144%	$109.1M	$171.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5183	+0.119%	$268.7M	$379.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5189	+0.158%	—	$126.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5159	−0.037%	$5.8M	$36.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5149	−0.108%	$658K	$107.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5155	−0.066%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5151	−0.092%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5180	+0.099%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5184	+0.125%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5183	+0.121%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5168	+0.019%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5164	−0.010%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5168	+0.020%	$28K	$1.7M	10x	as long as short
HTX XRP-USDTshort	+0.0100%	8h	1.5157	−0.049%	$49.6M	$15.6M	75x
Phemex XRPUSDT	+0.0100%	8h	1.5166	+0.007%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5189	+0.159%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5183	+0.122%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5163	−0.016%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5177	+0.079%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5182	+0.109%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5168	+0.020%	$5.6M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5154	−0.073%	$24.2M	$74.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5163	−0.012%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5168	+0.022%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERPlong	+0.0351%	8h	1.5165	long leg	$2.1M	$34.9M	2.9x
RISEx XRP/USDC	+0.0484%	1h	1.5190	+0.164%	$517K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5180	+0.099%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0683%	1h	1.5176	+0.070%	$2K	$14K	10x	as long as short