XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.66 per $10,000 · paid last 24h +0.046%

Price spread now: Kalshi against Orderly−0.099%7-day average +0.047% · you buy dearer than you sell

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

Long on Orderly Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)+0.165%+$16 · spread now −0.099%, 7d avg +0.047%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kalshi is 0.146% cheaper against Orderly than usual: you would sell low and buy high (spread −0.099% now, against its 7-day average of +0.047%). If the spread goes back, that is −$15 on $10k: about 7.3 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_XRP_USDC	1.5195	0.0100	pay 0.0100% / 8h	10m 00s	$77K	$689K	50x
Short	Kalshi KXXRPPERP	1.5180	0.0166	get 0.0166% / 8h	4h 10m	$1.8M	$33.8M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Orderly. 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 OrderlybpFee KalshibpOrdersPrice spread, now −0.099%Rate

Funding earned: $13.9
Price spread: −0.099% → +0.047%: −$14.59
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Kalshi: 5 bp × 2 orders: −$10
Net: −$16.68
Costs to cover: 0.160%
Break-even: 15.4 days

Slippage unknown: Orderly: no order-book sample; Kalshi: live order book, 4 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 Orderly no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 4 min ago	2.31 bp	8.6 bp −$9	11.9 bp −$119	16.8 bp −$1,685	doesn't fit

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 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	1.5184	−0.072%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5175	−0.130%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5191	−0.028%	$247K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.402%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5193	−0.012%	$14.6M	$73.6M	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5198	+0.020%	$7.7M	$24.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5193	−0.012%	$2.8M	$15.2M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5197	+0.013%	$605K	$3.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0096%	1h	1.5177	−0.118%	$17K	$78K	7x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5181	−0.092%	$20K	$382K	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	−0.049%	$1.0M	$6.3M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5184	−0.072%	$38.5M	$86.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5183	−0.076%	$611K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5185	−0.066%	$529.7M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5181	−0.092%	$350.0M	$949.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5180	−0.099%	$127.3M	$863.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5172	−0.151%	$564K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5193	−0.013%	$144K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5178	−0.111%	$1.6M	$13K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5188	−0.046%	$378.1M	$162.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5192	−0.020%	$311.0M	$929.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5192	−0.022%	$106.8M	$183.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5178	−0.112%	$268.8M	$388.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5186	−0.059%	—	$107.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5163	−0.213%	$4.8M	$38.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5151	−0.289%	$658K	$113.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5180	−0.100%	$1.1M	$34.3M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5182	−0.086%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5192	−0.018%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5199	+0.026%	$52K	$514K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5192	−0.018%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDClong	+0.0100%	8h	1.5195	long leg	$77K	$689K	50x
Derive XRP-PERP	+0.0100%	1h	1.5192	−0.020%	$817K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5178	−0.110%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5193	−0.013%	$30K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5191	−0.024%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5195	0.000%	$54.2M	$32.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5184	−0.074%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5176	−0.126%	$2.1M	$6.9M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5192	−0.020%	$8K	$2K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5192	−0.020%	$58K	$25K	3x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0108% / S −0.0072%	1h	1.5191	−0.029%	$774K	—	200x	as long as short
Hyperliquid XRP	+0.0142%	1h	1.5200	+0.033%	$290.2M	$268.5M	20x	as long as short
Kalshi KXXRPPERPshort	+0.0166%	8h	1.5180	−0.099%	$1.8M	$33.8M	2.9x
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5201	+0.039%	$5.6M	$48.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0178%	1h	1.5201	+0.039%	$2.0M	$1.4M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5172	−0.151%	$23.6M	$77.6M	125x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5196	+0.005%	$1.3M	$4K	15x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5193	−0.015%	$521K	$798K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.099%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0584%	1h	1.5172	−0.149%	$2K	$16K	10x	as long as short