Funding you earn now, next payment 06:00 UTC−0.0005%/8h= −0.5% APRpaid last 24h +0.005%
Price spread now: Kalshi against Reya+0.060%7-day average +0.071% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.015%−$2 on $10k
+Price spread, last 7 days+0.030%+$3 · spread now +0.060%, 7d avg +0.071%
=Together, before fees+0.015%+ Points / potential airdropReya: Active · farm board+$1 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya XRPRUSDPERP | 1.5152 | 0.0218 | pay 0.0027% / 1h | 10m 09s | $1.3M | $5K | 15x |
| Short | Kalshi KXXRPPERP | 1.5161 | 0.0213 | get 0.0213% / 8h | 6h 10m | $1.7M | $35.5M | 2.9x |
Reya XRPRUSDPERP
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Reya. 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
- −$0.99
- Price spread: +0.060% → +0.071%
- −$1.17
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$18.16
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Kalshi: live order book, 4 min ago. 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 Reya no order-book sample | — | — | — | — | — |
| Sell Kalshi live order book, 4 min ago | 1.98 bp | 11.0 bp −$11 | 12.5 bp −$125 | 20.2 bp −$2,019 | doesn't fit |
Reya: 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 | +0.020% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5165 | +0.083% | $14.2M | $74.6M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5152 | −0.003% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5090 | −0.409% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5157 | +0.034% | $245K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +2.693% | $2K | $107K | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0073% / S −0.0017% | 1h | 1.5157 | +0.030% | $799K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5156 | +0.027% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5166 | +0.094% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5165 | +0.086% | $548K | $3.3M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
GMX XRP/USD [ETH-USDC]
01 Exchange XRPUSD
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-USD | +0.0099% | 8h | 1.5146 | −0.039% | $11K | $362K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5151 | −0.003% | $984K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5153 | +0.009% | $38.5M | $87.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5156 | +0.029% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5152 | +0.003% | $527.3M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5155 | +0.020% | $344.2M | $967.2M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5155 | +0.020% | $126.6M | $887.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5137 | −0.099% | $563K | $35K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5162 | +0.066% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5132 | −0.133% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5159 | +0.046% | $372.6M | $161.2M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5157 | +0.033% | $298.2M | $926.8M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5163 | +0.075% | $107.0M | $181.3M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5156 | +0.027% | $266.3M | $398.8M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5156 | +0.027% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5143 | −0.060% | $4.6M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5116 | −0.234% | $656K | $113.6M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5088 | −0.422% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5129 | −0.152% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5154 | +0.015% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5158 | +0.040% | $51K | $488K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5155 | +0.020% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5162 | +0.066% | $62K | $932K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5164 | +0.077% | $816K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5169 | +0.115% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5165 | +0.086% | $29K | $1.6M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5158 | +0.038% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5152 | 0.000% | $54.0M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5162 | +0.065% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5159 | +0.048% | $1.9M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5163 | +0.072% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0140% | 1h | 1.5170 | +0.119% | $290.3M | $263.1M | 20x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0146% | 1h | 1.5169 | +0.112% | $7.8M | $25.4M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0176% | 1h | 1.5130 | −0.145% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5169 | +0.112% | $5.7M | $48.6M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0207% | 1h | 1.5168 | +0.106% | $2.0M | $1.4M | 25x | as long as short |
| Kalshi KXXRPPERPshort | +0.0213% | 8h | 1.5161 | +0.060% | $1.7M | $35.5M | 2.9x | |
| Reya XRPRUSDPERPlong | +0.0218% | 1h | 1.5152 | long leg | $1.3M | $5K | 15x | |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5145 | −0.046% | $23.2M | $77.4M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5160 | +0.054% | $517K | $790K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0590% | 1h | 1.5111 | −0.270% | $2K | $16K | 10x | as long as short |
Katana Perps XRP-USD
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-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Hyperliquid XRP
Deribit XRP_USDC-PERPETUAL
Hibachi XRP/USDT-P
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD