XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0210%/8h= −23.0% APRnext payment −$2.10 per $10,000 · paid last 24h −0.022%

Price spread now: OKX against Kalshi−0.052%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$280.284% of the position

Long on Kalshi Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 7 days−0.016%−$2 · spread now −0.052%, 7d avg −0.050%

Together, before fees−0.082%−$8 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.050%, 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 -0.066% in total (about -3.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.10 per $10,000. 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	Kalshi KXXRPPERP	1.5329	0.0310	pay 0.0310% / 8h	4h 13m	$2.0M	$34.5M	2.9x
Short	OKX XRP-USDT-SWAP	1.5321	0.0100	get 0.0100% / 8h	13m 19s	$125.1M	$877.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$44.08
Price spread: −0.052% → −0.050%: −$0.19
Slippage, 4 orders: −$8.45
Fee Kalshi: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$72.71
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Kalshi: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago	1.95 bp	8.5 bp −$9	12.0 bp −$120	18.4 bp −$1,835	doesn't fit
Sell OKX live order book, 6 min ago	0.32 bp	5.8 bp −$6	7.5 bp −$75	14.0 bp −$1,400	29.8 bp −$14.9K

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	1.5341	+0.078%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5335	+0.039%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.137%	$68K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5323	−0.039%	$9.3M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5317	−0.076%	$265K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0005% / S +0.0094%	1h	1.5316	−0.085%	$842K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5319	−0.064%	$14.9M	$69.8M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0060%	8h	1.5322	−0.046%	$75K	$910K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+1.507%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5321	−0.052%	$3.0M	$13.3M	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	1.5324	−0.033%	$486K	$3.2M	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5326	−0.016%	$1.1M	$5.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5323	−0.039%	$38.8M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5339	+0.065%	$631K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5321	−0.053%	$544.3M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5320	−0.059%	$341.6M	$925.0M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5321	−0.052%	$125.1M	$877.5M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5350	+0.137%	$571K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5331	+0.013%	$116K	$757K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5373	+0.284%	$1.7M	$571K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5321	−0.052%	$360.6M	$148.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5323	−0.039%	$297.1M	$891.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5321	−0.055%	$109.1M	$165.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5321	−0.052%	$267.4M	$376.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5317	−0.078%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5350	+0.139%	$11.4M	$30.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5346	+0.111%	$666K	$105.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5353	+0.156%	$1.1M	$40.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5347	+0.117%	$1.0M	$901K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5327	−0.016%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5325	−0.026%	$47K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5320	−0.059%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5324	−0.034%	$825K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5328	−0.007%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5322	−0.046%	$31K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5319	−0.065%	$50.3M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5321	−0.052%	$54.6M	$29.5M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5328	−0.005%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5325	−0.026%	$11K	$271K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5319	−0.068%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5319	−0.065%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5331	+0.013%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5320	−0.062%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5324	−0.033%	$24.1M	$74.7M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5327	−0.013%	$5.8M	$46.8M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0253%	1h	1.5341	+0.078%	$1.7M	$1.0M	25x	as long as short
Hibachi XRP/USDT-P	+0.0296%	1h	1.5337	+0.052%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERPlong	+0.0310%	8h	1.5329	long leg	$2.0M	$34.5M	2.9x
Hyperliquid XRP	+0.0577%	1h	1.5339	+0.065%	$291.3M	$215.0M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5333	+0.024%	$499K	$707K	10x	as long as short
Aftermath Perps XRPUSD	+0.0784%	1h	1.5353	+0.157%	$1K	$11K	10x	as long as short