Funding you earn now, next payment 08:00 UTC−0.0046%/8h= −5.0% APRnext payment −$0.46 per $10,000 · paid last 24h −0.037%
Price spread now: Variational Omni against Kalshi+0.184%7-day average −0.049% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.100%−$10 on $10k
+Price spread, last 7 days−0.265%−$26 · spread now +0.184%, 7d avg −0.049%
=Together, before fees−0.364%+ Points / potential airdropVariational Omni: Active · farm board−$36 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.234% dearer against Kalshi than usual: you sell high and buy low (spread +0.184% now, against its 7-day average of −0.049%): +$23 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 17 days. At the pace of the last 4 days (−0.100% in total) that is about 8.3 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXXRPPERP | 1.5100 | 0.0146 | pay 0.0146% / 8h | 6h 46m | $1.8M | $35.6M | 2.9x |
| Short | Variational Omni XRP | 1.5128 | 0.0100 | get 0.0100% / 8h | 2h 46m | $4.8M | $38.3M | — |
Kalshi KXXRPPERP
Variational Omni XRPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$9.68
- Price spread: +0.184% → −0.049%
- $23.39
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $3.71
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Kalshi: live order book, 3 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 3 min ago | 1.99 bp | 8.7 bp −$9 | 12.6 bp −$126 | 20.2 bp −$2,017 | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.02 bp | doesn't fit | 4.1 bp −$41 | 20.2 bp −$2,017 | 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 | 1.5094 | −0.040% | $5K | $3K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.0001% | 1h | 1.5096 | −0.028% | $14.3M | $75.1M | 50x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5091 | −0.061% | $1.1M | $115K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5130 | +0.199% | $67K | $110K | 15x | as long as short |
| Deribit XRP_USDC-PERPETUAL | 0.0000% | 1h | 1.5096 | −0.026% | $7.7M | $25.6M | 50x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5093 | −0.046% | $258K | — | 150x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.046% | $2K | $107K | 30x | as long as short |
| 01 Exchange XRPUSD | +0.0064% | 1h | 1.5090 | −0.066% | $8K | $8K | 10x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0069% / S −0.0013% | 1h | 1.5092 | −0.052% | $792K | — | 200x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5095 | −0.031% | $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 | 1.5095 | −0.033% | $496K | $3.2M | 20x | as long as short |
| Katana Perps XRP-USD | +0.0099% | 8h | 1.5085 | −0.099% | $10K | $356K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5088 | −0.076% | $937K | $6.2M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5097 | −0.019% | $290.4M | $258.2M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5091 | −0.059% | $38.7M | $86.4M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5096 | −0.026% | $605K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5085 | −0.098% | $530.7M | $2.18B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5087 | −0.086% | $341.5M | $950.6M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5088 | −0.079% | $125.4M | $887.4M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5111 | +0.073% | $562K | $27K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5093 | −0.046% | $137K | $716K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5114 | +0.092% | $1.6M | $29K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5093 | −0.046% | $371.7M | $155.4M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5085 | −0.099% | $294.8M | $905.1M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5092 | −0.050% | $107.6M | $179.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5085 | −0.099% | $267.6M | $393.1M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5083 | −0.113% | — | $4.2M | — | as long as short |
| Variational Omni XRPshort | +0.0100% | 8h | 1.5128 | +0.184% | $4.8M | $38.3M | — | |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5105 | +0.035% | $656K | $111.5M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5131 | +0.205% | $1.1M | $37.3M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5124 | +0.159% | $1.2M | $1.1M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5090 | −0.066% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5089 | −0.073% | $50K | $491K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5086 | −0.096% | $41K | $70K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.0100% | 8h | 1.5094 | −0.040% | $62K | $934K | 50x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5093 | −0.049% | $812K | $72K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5111 | +0.076% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5092 | −0.053% | $28K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5093 | −0.043% | $49.4M | $15.8M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5092 | −0.053% | $53.8M | $31.6M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5091 | −0.061% | $470K | $55K | 50x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5082 | −0.116% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5091 | −0.056% | $58K | $25K | 3x | as long as short |
| Kalshi KXXRPPERPlong | +0.0146% | 8h | 1.5100 | long leg | $1.8M | $35.6M | 2.9x | |
| Coinbase International XRP-PERP-INTX | +0.0184% | 1h | 1.5098 | −0.013% | $5.6M | $48.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0188% | 1h | 1.5098 | −0.013% | $2.0M | $1.4M | 25x | as long as short |
| Reya XRPRUSDPERP | +0.0218% | 1h | 1.5083 | −0.111% | $1.3M | $7K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5097 | −0.020% | $24.1M | $75.8M | 125x | as long as short |
| Hibachi XRP/USDT-P | +0.0232% | 1h | 1.5096 | −0.028% | $17K | $82K | 7x | as long as short |
| RISEx XRP/USDC | +0.0305% | 1h | 1.5092 | −0.053% | $515K | $777K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0621% | 1h | 1.5116 | +0.109% | $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-USDC
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
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
Reya XRPRUSDPERP
BloFin XRP-USDT
Hibachi XRP/USDT-P
RISEx XRP/USDC
Aftermath Perps XRPUSD