XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.61 per $10,000 · paid last 24h −0.037%

Price spread now: Binance against Kalshi−0.145%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Kalshi Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.137%−$14 on $10k

Price spread, last 7 days+0.063%+$6 · spread now −0.145%, 7d avg −0.045%

Together, before fees−0.074%−$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.100% cheaper against Kalshi than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5192	0.0161	pay 0.0161% / 8h	3h 59m	$1.8M	$33.6M	2.9x
Short	Binance XRPUSDT	1.5170	0.0100	get 0.0100% / 8h	7h 59m	$529.6M	$2.21B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.145%Rate

Funding earned: −$12.84
Price spread: −0.145% → −0.045%: −$10.01
Slippage, 4 orders: −$8.06
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$50.91
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from Kalshi: live order book, 5 min ago; Binance: live order book, 15 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 Kalshi live order book, 5 min ago	1.65 bp	8.6 bp −$9	12.0 bp −$120	19.4 bp −$1,936	doesn't fit
Sell Binance live order book, 15 min ago	0.33 bp	5.3 bp −$5	6.4 bp −$64	12.5 bp −$1,252	32.3 bp −$16.2K

XRP on 50 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	1.5182	−0.066%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5183	−0.057%	$1.1M	$148K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5188	−0.026%	$7.7M	$24.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5173	−0.126%	$246K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.422%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5185	−0.045%	$14.6M	$73.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5178	−0.094%	$17K	$78K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5186	−0.037%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5189	−0.020%	$605K	$3.1M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5174	−0.115%	$997K	$6.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5170	−0.144%	$38.5M	$86.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5187	−0.033%	$611K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5170	−0.145%	$529.6M	$2.21B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5169	−0.151%	$352.6M	$950.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	−0.138%	$127.4M	$862.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5175	−0.112%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5179	−0.086%	$143K	$715K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5189	−0.020%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5180	−0.079%	$378.2M	$150.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5178	−0.092%	$311.4M	$909.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5177	−0.101%	$106.7M	$183.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5173	−0.125%	$269.0M	$389.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5181	−0.072%	—	$107.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5167	−0.162%	$4.8M	$38.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5161	−0.207%	$658K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5178	−0.092%	$1.1M	$33.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5161	−0.204%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5181	−0.070%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5172	−0.132%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5174	−0.116%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5182	−0.066%	$77K	$689K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5164	−0.186%	$816K	$77K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5185	−0.049%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5183	−0.059%	$29K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	−0.008%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5189	−0.020%	$54.1M	$32.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5188	−0.023%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5176	−0.106%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5173	−0.125%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5181	−0.073%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0111% / S −0.0074%	1h	1.5184	−0.055%	$784K	—	200x	as long as short
Hyperliquid XRP	+0.0141%	1h	1.5183	−0.058%	$289.8M	$268.2M	20x	as long as short
Kalshi KXXRPPERPlong	+0.0161%	8h	1.5192	long leg	$1.8M	$33.6M	2.9x
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5188	−0.026%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5199	+0.046%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5173	−0.125%	$23.6M	$77.7M	125x	as long as short
Reya XRPRUSDPERP	+0.0221%	1h	1.5178	−0.095%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0337%	1h	1.5179	−0.086%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.079%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0570%	1h	1.5176	−0.105%	$2K	$16K	10x	as long as short