Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0113%/8h= −12.4% APRpaid last 24h −0.037%

Price spread now: Vest against Kalshi+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Vest

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

The price spread pays, funding is against you. Vest is 0.041% dearer against Kalshi than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 29 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5148	0.0213	pay 0.0213% / 8h	6h 10m	$1.7M	$35.6M	2.9x
Short	Vest XRP-PERP	1.5154	0.0100	get 0.0013% / 1h	10m 27s	—	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Vest 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 VestbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$23.83
Price spread: +0.041% → 0.000%: $4.1
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Vest: 1 bp × 2 orders: −$2
Net: −$31.73
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 4 min ago; Vest: 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, 4 min ago	1.98 bp	8.4 bp −$8	11.5 bp −$115	18.7 bp −$1,871	doesn't fit
Sell Vest no order-book sample	—	—	—	—	—

Vest: 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	1.5155	+0.046%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5149	+0.010%	$14.2M	$74.6M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5152	+0.024%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5090	−0.383%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5157	+0.061%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.720%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0073% / S −0.0017%	1h	1.5157	+0.056%	$799K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5152	+0.026%	$7.8M	$25.4M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5156	+0.053%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5154	+0.039%	$2.8M	$15.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5155	+0.046%	$548K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5146	−0.013%	$11K	$362K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5151	+0.023%	$984K	$6.4M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5159	+0.073%	$38.5M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5156	+0.055%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5159	+0.073%	$527.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5160	+0.079%	$344.4M	$967.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5164	+0.106%	$126.6M	$888.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5137	−0.073%	$563K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5162	+0.092%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.107%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5159	+0.073%	$372.5M	$161.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5155	+0.046%	$297.1M	$926.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5153	+0.036%	$106.9M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5153	+0.033%	$266.2M	$398.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5159	+0.073%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	−0.034%	$4.6M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5116	−0.208%	$656K	$113.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5088	−0.396%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5129	−0.125%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERPshort	+0.0100%	1h	1.5154	+0.041%	—	$15K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5158	+0.066%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5155	+0.046%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5162	+0.092%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5147	−0.010%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5154	+0.042%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	0.000%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5149	+0.008%	$49.5M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5141	−0.046%	$53.9M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5162	+0.092%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5152	+0.029%	$1.9M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	−0.022%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0139%	1h	1.5169	+0.140%	$289.8M	$262.7M	20x	as long as short
Hibachi XRP/USDT-P	+0.0176%	1h	1.5130	−0.119%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5151	+0.020%	$5.7M	$48.5M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0204%	1h	1.5155	+0.046%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERPlong	+0.0213%	8h	1.5148	long leg	$1.7M	$35.6M	2.9x
Reya XRPRUSDPERP	+0.0218%	1h	1.5152	+0.026%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5145	−0.020%	$23.2M	$77.4M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5160	+0.080%	$517K	$790K	10x	as long as short
Aftermath Perps XRPUSD	+0.0590%	1h	1.5111	−0.243%	$2K	$16K	10x	as long as short