Funding you earn now, next payment 04:00 UTC−0.0241%/8h= −26.3% APRnext payment −$2.41 per $10,000 · paid last 24h −0.022%
Price spread now: Katana Perps against Kalshi+0.093%7-day average −0.086% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.087%−$9 on $10k
+Price spread, last 7 days−0.181%−$18 · spread now +0.093%, 7d avg −0.086%
=The price spread pays, funding is against you. Katana Perps is 0.178% dearer against Kalshi than usual: you sell high and buy low (spread +0.093% now, against its 7-day average of −0.086%): +$18 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.5 days. At the pace of the last 4 days (−0.087% in total) that is about 7.6 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.087% in total (about -8.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.41 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 | 1.5078 | 0.0340 | pay 0.0340% / 8h | 2h 37m | $2.1M | $36.0M | 2.9x |
| Short | Katana Perps XRP-USD | 1.5092 | 0.0100 | get 0.0100% / 8h | 6h 37m | $10K | $307K | 20x |
Kalshi KXXRPPERP
Katana Perps XRP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps against Kalshi. 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
- −$50.53
- Price spread: +0.093% → −0.086%
- $17.85
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$46.48
- Costs to cover
- 0.138%
- Break-even
- from the start
Slippage unknown: Kalshi: live order book, 2 min ago; Katana Perps: no order-book sample. Net counts fees only.
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, 2 min ago | 1.33 bp | 9.0 bp −$9 | 12.1 bp −$121 | 21.1 bp −$2,110 | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 1.5078 | 0.000% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5091 | +0.085% | $1.1M | $120K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5100 | +0.146% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5082 | +0.023% | $252K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0021% / S +0.0063% | 1h | 1.5088 | +0.067% | $827K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.197% | $2K | $107K | 30x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0040% | 1h | 1.5051 | −0.178% | $14.5M | $72.9M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0070% | 8h | 1.5083 | +0.033% | $57K | $945K | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5100 | +0.143% | $2.8M | $14.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5103 | +0.166% | $516K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USDshort | +0.0100% | 8h | 1.5092 | +0.093% | $10K | $307K | 20x | |
| Nado XRP-PERP | +0.0100% | 1h | 1.5098 | +0.136% | $795K | $5.9M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5101 | +0.150% | $38.4M | $84.5M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5104 | +0.170% | $609K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5088 | +0.067% | $535.8M | $2.11B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5084 | +0.040% | $338.9M | $945.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5086 | +0.053% | $123.5M | $870.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5090 | +0.080% | $562K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5102 | +0.159% | $115K | $723K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5183 | +0.695% | $1.6M | $305K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5097 | +0.126% | $366.2M | $151.1M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5099 | +0.139% | $288.0M | $905.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5092 | +0.094% | $106.5M | $172.4M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5086 | +0.053% | $264.8M | $385.8M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5090 | +0.080% | — | $127.4M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5098 | +0.134% | $6.2M | $35.8M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5093 | +0.100% | $655K | $108.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5084 | +0.038% | $1.1M | $38.5M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5108 | +0.199% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5096 | +0.122% | — | $12K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5100 | +0.146% | $45K | $452K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5097 | +0.126% | $41K | $69K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5085 | +0.047% | $812K | $79K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5100 | +0.146% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5056 | −0.146% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5058 | −0.130% | $49.3M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5058 | −0.133% | $53.5M | $29.7M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5103 | +0.167% | $471K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5091 | +0.085% | $2.0M | $7.1M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5083 | +0.032% | $58K | $25K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0144% | 1h | 1.5102 | +0.159% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0149% | 1h | 1.5057 | −0.139% | $7.6M | $25.4M | 50x | as long as short |
| Hyperliquid XRP | +0.0196% | 1h | 1.5109 | +0.206% | $279.4M | $220.8M | 20x | as long as short |
| Reya XRPRUSDPERP | +0.0214% | 1h | 1.5095 | +0.115% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5059 | −0.126% | $5.7M | $46.4M | 50x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5193 | +0.763% | $24.0M | $75.2M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.0328% | 1h | 1.5069 | −0.060% | $1.9M | $1.3M | 25x | as long as short |
| Hibachi XRP/USDT-P | +0.0328% | 1h | 1.5089 | +0.071% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERPlong | +0.0340% | 8h | 1.5078 | long leg | $2.1M | $36.0M | 2.9x | |
| RISEx XRP/USDC | +0.0456% | 1h | 1.5106 | +0.183% | $535K | $783K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0805% | 1h | 1.5109 | +0.206% | $2K | $14K | 10x | as long as short |
Nado XRP-PERP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit 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-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Hyperliquid XRP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
BloFin XRP-USDT
Backpack XRP_USDC_PERP
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD