XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0288%/8h= −31.5% APRnext payment −$2.88 per $10,000 · paid last 24h −0.032%

Price spread now: Orderly against Kalshi+0.020%7-day average −0.044% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Kalshi Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.110%−$11 on $10k

Price spread, last 3 days (all we have)−0.086%−$9 · spread now +0.020%, 7d avg −0.044%

Together, before fees−0.196%−$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.064% dearer against Kalshi than usual: you sell high and buy low (spread +0.020% now, against its 7-day average of −0.044%): +$6 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 7 days (−0.110% in total) that is about 4.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.110% in total (about -5.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.88 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	1.5143	0.0360	pay 0.0360% / 8h	2h 13m	$2.1M	$35.6M	2.9x
Short	Orderly PERP_XRP_USDC	1.5146	0.0073	get 0.0073% / 8h	6h 13m	$62K	$953K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now +0.020%Rate

Funding earned: −$60.38
Price spread: +0.020% → −0.044%: $6.41
Slippage, 4 orders: no order book: not counted
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$69.97
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kalshi: live order book, 5 min ago; Orderly: no order-book sample. 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 Kalshi live order book, 5 min ago	2.31 bp	11.4 bp −$11	13.4 bp −$134	21.3 bp −$2,134	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 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	1.5142	−0.007%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	−0.088%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.112%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5142	−0.010%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0056%	1h	1.5140	−0.020%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.754%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5147	+0.027%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDCshort	+0.0073%	8h	1.5146	+0.020%	$62K	$953K	50x
Lighter XRP	+0.0096%	1h	1.5149	+0.042%	$2.8M	$14.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5151	+0.053%	$511K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5125	−0.119%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5134	−0.056%	$935K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.025%	$38.4M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5138	−0.033%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5149	+0.039%	$537.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5143	0.000%	$341.0M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5145	+0.013%	$124.2M	$872.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5118	−0.165%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5138	−0.033%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5125	−0.122%	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5145	+0.013%	$368.5M	$152.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	+0.033%	$291.3M	$916.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5143	−0.001%	$106.8M	$171.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5145	+0.013%	$266.8M	$384.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5143	0.000%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5120	−0.154%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	−0.060%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.062%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	−0.059%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5139	−0.026%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5139	−0.026%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5142	−0.003%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	+0.041%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5139	−0.023%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	+0.033%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	+0.015%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	+0.020%	$53.9M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5137	−0.038%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	−0.015%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	+0.017%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5138	−0.033%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5150	+0.046%	$7.6M	$25.3M	50x	as long as short
Hyperliquid XRP	+0.0182%	1h	1.5154	+0.073%	$280.3M	$222.4M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5137	−0.040%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5152	+0.059%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5125	−0.118%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0335%	1h	1.5156	+0.086%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERPlong	+0.0360%	8h	1.5143	long leg	$2.1M	$35.6M	2.9x
RISEx XRP/USDC	+0.0456%	1h	1.5140	−0.019%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0764%	1h	1.5146	+0.017%	$2K	$14K	10x	as long as short