Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0214%/8h= +23.5% APRpaid last 24h +0.022%

Price spread now: Kalshi against Pacifica+0.022%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$29as in the Price arb table

costs, in and out, $10k−$280.275% of the position

Long on Pacifica Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.066%+$7 · spread now +0.022%, 7d avg +0.039%

Together, before fees+0.089%+ Points / potential airdropPacifica: Active · farm board+$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.022% in total (about 1.2% a year). A funding rate is set anew for every payment. 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	Pacifica XRP	1.5141	0.0100	pay 0.0013% / 1h	12m 12s	$607K	$1.1M	20x
Short	Kalshi KXXRPPERP	1.5144	0.0314	get 0.0314% / 8h	12m 12s	$2.1M	$34.7M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Pacifica. 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 PacificabpFee KalshibpOrdersPrice spread, now +0.022%Rate

Funding earned: $45.02
Price spread: +0.022% → +0.039%: −$1.69
Slippage, 4 orders: −$9.55
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $15.78
Costs to cover: 0.275%
Break-even: 4.5 days

Slippage from Pacifica: live order book, 2 min ago; Kalshi: live order book, 2 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 Pacifica live order book, 2 min ago	0.33 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Kalshi live order book, 2 min ago	1.98 bp	8.5 bp −$8	11.1 bp −$111	19.5 bp −$1,946	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	1.5141	+0.002%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0071%	1h	1.5147	+0.042%	$14.3M	$73.8M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5136	−0.031%	$1.1M	$111K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5150	+0.061%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5147	+0.042%	$253K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5150	+0.061%	$7.7M	$25.5M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.769%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0045% / S +0.0022%	1h	1.5145	+0.031%	$790K	—	200x	as long as short
Orderly PERP_XRP_USDC	+0.0090%	8h	1.5146	+0.035%	$62K	$934K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5151	+0.071%	$2.8M	$14.6M	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	1.5152	+0.075%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5141	+0.002%	$11K	$329K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5135	−0.034%	$1.1M	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5159	+0.121%	$280.5M	$227.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5143	+0.015%	$38.3M	$83.5M	100x	as long as short
Pacifica XRPlong	+0.0100%	1h	1.5141	long leg	$607K	$1.1M	20x
Binance XRPUSDT	+0.0100%	8h	1.5148	+0.050%	$534.3M	$2.12B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5149	+0.055%	$346.8M	$935.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5151	+0.068%	$126.2M	$874.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5142	+0.009%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5148	+0.048%	$110K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5130	−0.068%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5146	+0.035%	$369.2M	$154.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	+0.048%	$293.6M	$902.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5150	+0.061%	$107.9M	$175.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5147	+0.042%	$268.1M	$384.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5142	+0.009%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5137	−0.025%	$5.2M	$37.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5141	+0.003%	$658K	$108.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5137	−0.027%	$1.1M	$36.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.095%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5144	+0.023%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5146	+0.035%	$44K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5148	+0.045%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	+0.054%	$815K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5150	+0.063%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	+0.048%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5144	+0.024%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5149	+0.055%	$54.0M	$30.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5141	+0.002%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5144	+0.024%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5145	+0.029%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0112%	1h	1.5149	+0.055%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0186%	1h	1.5158	+0.114%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5150	+0.061%	$5.6M	$47.0M	50x	as long as short
Hibachi XRP/USDT-P	+0.0208%	1h	1.5144	+0.020%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5145	+0.029%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	+0.009%	$24.2M	$76.0M	125x	as long as short
Kalshi KXXRPPERPshort	+0.0314%	8h	1.5144	+0.022%	$2.1M	$34.7M	2.9x
RISEx XRP/USDC	+0.0352%	1h	1.5150	+0.064%	$516K	$773K	10x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5155	+0.093%	$2K	$15K	10x	as long as short