Funding you earn now, next payment 06:00 UTC+0.0113%/8h= +12.4% APRpaid last 24h +0.037%
Price spread now: Kalshi against SoDEX−0.026%7-day average +0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$280.280% of the position
Funding, last 3 days (all we have)+0.092%+$9 on $10k
+Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.026%, 7d avg +0.047%
=Funding pays, the price is against you. Kalshi is 0.074% cheaper against SoDEX than usual: you would sell low and buy high (spread −0.026% now, against its 7-day average of +0.047%). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX XRP-USD | 1.5165 | 0.0100 | pay 0.0013% / 1h | 9m 22s | $29K | $1.6M | 10x |
| Short | Kalshi KXXRPPERP | 1.5161 | 0.0213 | get 0.0213% / 8h | 6h 09m | $1.7M | $35.5M | 2.9x |
SoDEX XRP-USD
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against SoDEX. 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
- $23.83
- Price spread: −0.026% → +0.047%
- −$7.38
- Slippage, 4 orders
- −$9.97
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$11.53
- Costs to cover
- 0.280%
- Break-even
- 10.4 days
Slippage from SoDEX: live order book, 4 min ago; Kalshi: live order book, 5 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 SoDEX live order book, 4 min ago | 0.33 bp | 4.3 bp −$4 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 1.98 bp | 11.0 bp −$11 | 12.5 bp −$125 | 20.2 bp −$2,019 | 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 | 1.5157 | −0.053% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5165 | −0.003% | $14.2M | $74.6M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5162 | −0.022% | $1.1M | $148K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5090 | −0.495% | $67K | $110K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5152 | −0.086% | $245K | — | 150x | 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 +0.0073% / S −0.0018% | 1h | 1.5157 | −0.052% | $799K | — | 200x | as long as short |
| 01 Exchange XRPUSD | +0.0088% | 1h | 1.5156 | −0.059% | $8K | $8K | 10x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5168 | +0.023% | $2.8M | $15.1M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5171 | +0.040% | $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 | 1.5150 | −0.099% | $11K | $362K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5165 | −0.003% | $985K | $6.4M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5159 | −0.040% | $38.5M | $87.3M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5170 | +0.036% | $603K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5158 | −0.046% | $527.5M | $2.22B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5157 | −0.053% | $344.3M | $965.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5154 | −0.073% | $126.6M | $887.7M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5137 | −0.185% | $563K | $35K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5168 | +0.020% | $143K | $715K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5132 | −0.219% | $1.6M | $5K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5160 | −0.033% | $374.4M | $161.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5160 | −0.033% | $297.6M | $927.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5160 | −0.032% | $107.2M | $181.2M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5153 | −0.079% | $266.3M | $398.9M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5159 | −0.040% | — | $4.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5143 | −0.146% | $4.6M | $38.4M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5138 | −0.176% | $657K | $113.8M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5148 | −0.112% | $1.1M | $37.1M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5147 | −0.119% | $1.2M | $1.2M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5162 | −0.023% | — | $15K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5163 | −0.013% | $51K | $488K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5159 | −0.042% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5152 | −0.086% | $62K | $932K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5155 | −0.063% | $815K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5162 | −0.018% | $127K | $1.8M | 30x | as long as short |
| SoDEX XRP-USDlong | +0.0100% | 1h | 1.5165 | long leg | $29K | $1.6M | 10x | |
| HTX XRP-USDT | +0.0100% | 8h | 1.5158 | −0.048% | $49.5M | $15.6M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5152 | −0.086% | $54.0M | $32.2M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5169 | +0.027% | $473K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5149 | −0.104% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5154 | −0.075% | $58K | $25K | 3x | as long as short |
| Hyperliquid XRP | +0.0142% | 1h | 1.5174 | +0.059% | $290.5M | $263.4M | 20x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0146% | 1h | 1.5159 | −0.040% | $7.8M | $25.4M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0176% | 1h | 1.5158 | −0.049% | $17K | $82K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5169 | +0.026% | $5.7M | $48.6M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0207% | 1h | 1.5168 | +0.020% | $2.0M | $1.4M | 25x | as long as short |
| Kalshi KXXRPPERPshort | +0.0213% | 8h | 1.5161 | −0.026% | $1.7M | $35.5M | 2.9x | |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5157 | −0.051% | $1.3M | $5K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5145 | −0.132% | $23.2M | $77.4M | 125x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5163 | −0.011% | $518K | $790K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0584% | 1h | 1.5123 | −0.278% | $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
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
Reya XRPRUSDPERP
BloFin XRP-USDT
RISEx XRP/USDC
Aftermath Perps XRPUSD