XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0107%/8h= −11.7% APRnext payment −$1.07 per $10,000 · paid last 24h +0.001%

Price spread now: Kalshi against BloFin+0.078%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.315% of the position

Long on BloFin Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)+0.092%+$9 · spread now +0.078%, 7d avg +0.035%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Kalshi is 0.044% dearer against BloFin than usual: you sell high and buy low (spread +0.078% now, against its 7-day average of +0.035%): +$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 33 hours. At the pace of the last 7 days (−0.088% in total) that is about 3.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin XRP-USDT	1.5309	0.0220	pay 0.0220% / 8h	4h 57m	$23.7M	$77.5M	125x
Short	Kalshi KXXRPPERP	1.5321	0.0113	get 0.0113% / 8h	57m 06s	$1.9M	$35.4M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against BloFin. 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 BloFinbpFee KalshibpOrdersPrice spread, now +0.078%Rate

Funding earned: −$22.39
Price spread: +0.078% → +0.035%: $4.38
Slippage, 4 orders: −$9.53
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$49.54
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from BloFin: live order book, 5 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 BloFin live order book, 5 min ago	0.33 bp	6.3 bp −$6	7.2 bp −$72	9.6 bp −$963	19.8 bp −$9,901
Sell Kalshi live order book, 5 min ago	0.98 bp	8.5 bp −$9	11.9 bp −$119	17.6 bp −$1,760	doesn't fit

XRP on 51 exchanges

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	1.5378	+0.451%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0077%	1h	1.5316	+0.046%	$13.8M	$68.5M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5307	−0.012%	$1.1M	$155K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5330	+0.137%	$69K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5317	+0.052%	$7.7M	$19.9M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5311	+0.011%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.640%	$2K	$107K	30x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5322	+0.087%	$17K	$70K	7x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5315	+0.039%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5315	+0.037%	$2.7M	$13.4M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5320	+0.072%	$599K	$3.0M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5318	+0.059%	$5.4M	$42.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5308	−0.008%	$477K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5309	0.000%	$10K	$410K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5305	−0.023%	$840K	$6.0M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5324	+0.098%	$297.7M	$264.8M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5315	+0.039%	$39.0M	$79.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5309	+0.001%	$589K	$985K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5313	+0.027%	$532.9M	$2.03B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5312	+0.020%	$360.9M	$857.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5310	+0.007%	$123.9M	$821.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5336	+0.176%	$563K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5322	+0.085%	$163K	$692K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5314	+0.033%	$377.5M	$156.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5312	+0.020%	$316.7M	$872.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5313	+0.025%	$104.8M	$180.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5311	+0.013%	$270.8M	$348.2M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5307	−0.013%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	+0.153%	$4.9M	$38.0M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5317	+0.055%	$667K	$105.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5339	+0.196%	$1.1M	$32.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5341	+0.209%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5316	+0.049%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5314	+0.033%	$52K	$469K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5314	+0.034%	$41K	$64K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5313	+0.026%	$83K	$601K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5313	+0.029%	$824K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5311	+0.010%	$128K	$1.5M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5313	+0.026%	$31K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5310	+0.007%	$49.9M	$13.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5312	+0.020%	$54.7M	$33.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5324	+0.101%	$1.6M	$66K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5307	−0.012%	$2.2M	$6.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5310	+0.003%	$59K	$25K	3x	as long as short
Kalshi KXXRPPERPshort	+0.0113%	8h	1.5321	+0.078%	$1.9M	$35.4M	2.9x
Backpack XRP_USDC_PERP	+0.0173%	1h	1.5323	+0.091%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDTlong	+0.0220%	8h	1.5309	long leg	$23.7M	$77.5M	125x
Reya XRPRUSDPERP	+0.0224%	1h	1.5309	−0.003%	$1.4M	$1K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0253% / S −0.0496%	1h	1.5313	+0.029%	$885K	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5319	+0.065%	$507K	$723K	10x	as long as short
Aftermath Perps XRPUSD	+0.0387%	1h	1.5320	+0.074%	$3K	$13K	10x	as long as short