XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0035%/8h= −3.8% APRnext payment −$0.35 per $10,000 · paid last 24h −0.037%

Price spread now: Paradex against Kalshi−0.097%7-day average −0.042% · 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−$290.294% of the position

Long on Kalshi Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.081%−$8 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.097%, 7d avg −0.042%

Together, before fees−0.128%+ Points / potential airdropParadex: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.055% cheaper against Kalshi than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kalshi KXXRPPERP	1.5296	0.0134	pay 0.0134% / 8h	1h 43m	$1.9M	$35.1M	2.9x
Short	Paradex XRP-USD-PERP	1.5281	0.0099	get 0.0099% / 8h	5h 43m	$477K	$47K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.097%Rate

Funding earned: −$7.31
Price spread: −0.097% → −0.042%: −$5.5
Slippage, 4 orders: −$15.43
Fee Kalshi: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$42.24
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Kalshi: live order book, 3 min ago; Paradex: live order book, 3 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, 3 min ago	2.28 bp	8.5 bp −$8	11.7 bp −$117	19.7 bp −$1,969	doesn't fit
Sell Paradex live order book, 3 min ago	4.24 bp	6.2 bp −$6	150.6 bp −$1,506	doesn't fit	doesn't fit

XRP on 50 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	1.5350	+0.353%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5307	+0.072%	$14.0M	$70.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5277	−0.126%	$1.1M	$154K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5340	+0.288%	$69K	$108K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5302	+0.039%	$7.8M	$21.0M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5286	−0.065%	$242K	—	150x	as long as short
01 Exchange XRPUSD	+0.0008%	1h	1.5278	−0.118%	$9K	$987	10x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.726%	$2K	$107K	30x	as long as short
SoDEX XRP-USD	+0.0081%	1h	1.5300	+0.026%	$29K	$1.5M	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5302	+0.037%	$2.8M	$14.1M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5308	+0.078%	$598K	$3.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5285	−0.072%	$17K	$76K	7x	as long as short
Paradex XRP-USD-PERPshort	+0.0099%	8h	1.5281	−0.097%	$477K	$47K	50x
Katana Perps XRP-USD	+0.0100%	8h	1.5276	−0.131%	$10K	$399K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5278	−0.114%	$1.0M	$5.9M	20x	as long as short
Hyperliquid XRP	+0.0100%	1h	1.5316	+0.129%	$298.2M	$267.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5301	+0.033%	$39.2M	$81.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5281	−0.095%	$590K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5302	+0.039%	$533.4M	$2.08B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5301	+0.033%	$360.8M	$885.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5300	+0.026%	$124.3M	$834.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5279	−0.111%	$562K	$36K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5286	−0.065%	$164K	$682K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5314	+0.119%	$1.6M	$26K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5307	+0.072%	$380.2M	$156.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5301	+0.033%	$309.6M	$893.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5301	+0.032%	$105.2M	$181.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5300	+0.026%	$271.4M	$356.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5296	0.000%	—	$4.2M	—	as long as short
Backpack XRP_USDC_PERP	+0.0100%	1h	1.5316	+0.131%	$2.0M	$1.2M	25x	as long as short
Variational Omni XRP	+0.0100%	8h	1.5309	+0.082%	$5.0M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5313	+0.114%	$665K	$109.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5321	+0.161%	$1.1M	$30.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5317	+0.137%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5288	−0.051%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5286	−0.065%	$52K	$474K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5291	−0.030%	$41K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5300	+0.026%	$83K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5301	+0.035%	$128K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5298	+0.014%	$49.9M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5310	+0.092%	$54.6M	$33.3M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5294	−0.011%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5293	−0.016%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5302	+0.039%	$5.5M	$43.7M	50x	as long as short
Kalshi KXXRPPERPlong	+0.0134%	8h	1.5296	long leg	$1.9M	$35.1M	2.9x
GMX XRP/USD [ETH-USDC]	L +0.0211% / S −0.0510%	1h	1.5283	−0.082%	$822K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5281	−0.098%	$23.9M	$78.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5279	−0.112%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5285	−0.074%	$513K	$736K	10x	as long as short
Aftermath Perps XRPUSD	+0.0450%	1h	1.5323	+0.176%	$3K	$13K	10x	as long as short