Funding you earn now, next payment 06:00 UTC+0.0166%/8h= +18.1% APRpaid last 24h +0.082%
Price spread now: RISEx against Kalshi−0.029%7-day average −0.010% · 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−$29as in the Price arb table
costs, in and out, $10k−$270.273% of the position
Funding, last 4 days (all we have)+0.239%+$24 on $10k
+Price spread, last 4 days (all we have)−0.243%−$24 · spread now −0.029%, 7d avg −0.010%
=The price spread sits at its 7-day average of −0.010%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXXRPPERP | 1.5096 | 0.0139 | pay 0.0139% / 8h | 6h 45m | $1.8M | $35.6M | 2.9x |
| Short | RISEx XRP/USDC | 1.5092 | 0.0305 | get 0.0038% / 1h | 45m 34s | $515K | $777K | 10x |
Kalshi KXXRPPERP
RISEx XRP/USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
RISEx against Kalshi. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $34.79
- Price spread: −0.029% → −0.010%
- −$1.87
- Slippage, 4 orders
- −$11.34
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee RISEx: 3 bp × 2 orders
- −$6
- Net
- $5.58
- Costs to cover
- 0.273%
- Break-even
- 5.9 days
Slippage from Kalshi: live order book, 3 min ago; RISEx: 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 | 1.99 bp | 8.7 bp −$9 | 12.6 bp −$126 | 20.2 bp −$2,017 | doesn't fit |
| Sell RISEx live order book, 3 min ago | 1.82 bp | 4.8 bp −$5 | 8.7 bp −$87 | doesn't fit | doesn't fit |
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 | 1.5088 | −0.053% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5086 | −0.064% | $14.3M | $75.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5083 | −0.087% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5130 | +0.225% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5087 | −0.060% | $7.7M | $25.6M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5085 | −0.071% | $257K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.074% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5091 | −0.033% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5084 | −0.081% | $791K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5089 | −0.047% | $2.8M | $14.8M | 20x | as long as short |
Hotstuff XRP-PERP
Kraken Futures PF_XRPUSD
dYdX XRP-USD
Phoenix XRP
Deribit XRP_USDC-PERPETUAL
gTrade (Gains Network) XRP/USD
Injective XRP/USDC PERP
01 Exchange XRPUSD
GMX XRP/USD [ETH-USDC]
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5090 | −0.040% | $496K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5084 | −0.079% | $10K | $356K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5088 | −0.050% | $937K | $6.2M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5099 | +0.020% | $290.4M | $258.3M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5085 | −0.074% | $38.7M | $86.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5093 | −0.023% | $605K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5088 | −0.053% | $530.8M | $2.18B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5090 | −0.040% | $341.4M | $950.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5091 | −0.033% | $125.3M | $887.9M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5111 | +0.099% | $562K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5093 | −0.020% | $137K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5114 | +0.119% | $1.6M | $29K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5088 | −0.053% | $371.0M | $155.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5088 | −0.053% | $294.8M | $905.3M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5087 | −0.062% | $107.5M | $179.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5085 | −0.073% | $267.6M | $393.1M | 125x | as long as short |
| BingX XRP-USDT | +0.0100% | 8h | 1.5089 | −0.046% | — | $105.2M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5084 | −0.080% | $4.8M | $38.3M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5099 | +0.023% | $656K | $111.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5088 | −0.051% | $1.1M | $37.2M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5107 | +0.073% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5090 | −0.040% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5089 | −0.046% | $50K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5086 | −0.069% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5083 | −0.086% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5083 | −0.086% | $812K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5096 | +0.003% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5083 | −0.086% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5085 | −0.073% | $49.3M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5087 | −0.060% | $53.8M | $31.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5091 | −0.035% | $470K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5083 | −0.087% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5082 | −0.093% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERPlong | +0.0139% | 8h | 1.5096 | long leg | $1.8M | $35.6M | 2.9x | |
| Backpack XRP_USDC_PERP | +0.0180% | 1h | 1.5095 | −0.007% | $2.0M | $1.4M | 25x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5093 | −0.020% | $5.6M | $48.3M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5083 | −0.085% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5097 | +0.007% | $24.1M | $75.8M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0232% | 1h | 1.5096 | −0.001% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDCshort | +0.0305% | 1h | 1.5092 | −0.029% | $515K | $777K | 10x | |
| Aftermath Perps XRPUSD | +0.0622% | 1h | 1.5111 | +0.102% | $2K | $15K | 10x | as long as short |
Lighter RH XRP
Katana Perps XRP-USD
Nado XRP-PERP
Hyperliquid XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDT
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Orderly PERP_XRP_USDC
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Extended XRP-USD
Aevo XRP-PERP
Backpack XRP_USDC_PERP
Coinbase International XRP-PERP-INTX
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
Aftermath Perps XRPUSD