XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRnext payment +$2.24 per $10,000 · paid last 24h +0.022%

Price spread now: Kalshi against MEXC−0.053%7-day average +0.047% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on MEXC Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.106%+$11 on $10k

Price spread, last 7 days+0.130%+$13 · spread now −0.053%, 7d avg +0.047%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.100% cheaper against MEXC than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of +0.047%). If the spread goes back, that is −$10 on $10k: about 36 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.106% in total) that is about 6.6 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.106% in total (about 5.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.24 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	MEXC XRP_USDT	1.5209	0.0100	pay 0.0100% / 8h	6h 57m	$297.2M	$887.3M	300x
Short	Kalshi KXXRPPERP	1.5201	0.0324	get 0.0324% / 8h	2h 57m	$2.0M	$34.9M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against MEXC. 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 MEXCbpFee KalshibpOrdersPrice spread, now −0.053%Rate

Funding earned: $46.96
Price spread: −0.053% → +0.047%: −$9.97
Slippage, 4 orders: −$9.67
Fee MEXC: 0 bp × 2 orders: $0
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $17.33
Costs to cover: 0.197%
Break-even: 4.4 days

Slippage from MEXC: live order book, 7 min ago; Kalshi: live order book, 2 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 MEXC live order book, 7 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	4.9 bp −$493	26.7 bp −$13.4K
Sell Kalshi live order book, 2 min ago	2.30 bp	10.2 bp −$10	14.3 bp −$143	20.5 bp −$2,048	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	1.5203	−0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5196	−0.082%	$1.1M	$117K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5188	−0.137%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0069%	1h	1.5194	−0.101%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.308%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5194	−0.101%	$14.2M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0066%	8h	1.5198	−0.072%	$57K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5203	−0.040%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5206	−0.020%	$508K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5189	−0.132%	$11K	$288K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERP	+0.0100%	1h	1.5187	−0.141%	$911K	$5.7M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5200	−0.058%	$38.4M	$83.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5203	−0.042%	$617K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5200	−0.057%	$536.0M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5194	−0.099%	$339.2M	$925.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5182	−0.178%	$122.6M	$864.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5176	−0.217%	$567K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5204	−0.033%	$115K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	−0.039%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5204	−0.033%	$367.7M	$147.3M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5209	long leg	$297.2M	$887.3M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5195	−0.089%	$109.1M	$168.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5182	−0.178%	$266.0M	$378.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5207	−0.013%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.045%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5219	+0.068%	$661K	$106.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	−0.007%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5235	+0.171%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5191	−0.121%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5196	−0.085%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5203	−0.037%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5195	−0.089%	$818K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5205	−0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	−0.085%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	−0.045%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5196	−0.085%	$53.9M	$29.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5211	+0.013%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5200	−0.061%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5191	−0.118%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5198	−0.074%	$58K	$25K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0145%	1h	1.5198	−0.072%	$9.2M	$24.6M	50x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5193	−0.105%	$282.8M	$220.5M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5181	−0.187%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5197	−0.079%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.112%	$24.1M	$74.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5221	+0.080%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERPshort	+0.0324%	8h	1.5201	−0.053%	$2.0M	$34.9M	2.9x
RISEx XRP/USDC	+0.0456%	1h	1.5200	−0.059%	$537K	$777K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.204%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0522%	1h	1.5212	+0.020%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0827%	1h	1.5257	+0.318%	$2K	$13K	10x	as long as short