Funding you earn now, next payment 04:00 UTC+0.0256%/8h= +28.1% APRnext payment +$2.56 per $10,000 · paid last 24h +0.022%
Price spread now: Kalshi against Paradex+0.088%7-day average +0.046% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.350% of the position
Funding, last 4 days (all we have)+0.059%+$6 on $10k
+Price spread, last 4 days (all we have)+1.846%+$185 · spread now +0.088%, 7d avg +0.046%
=Together, before fees+1.905%+ Points / potential airdropParadex: Active · farm board+$190 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kalshi is 0.042% dearer against Paradex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.046%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.059% in total (about 5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.56 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 | Paradex XRP-USD-PERP | 1.5094 | 0.0100 | pay 0.0100% / 8h | 5h 46m | $471K | $55K | 50x |
| Short | Kalshi KXXRPPERP | 1.5107 | 0.0356 | get 0.0356% / 8h | 1h 46m | $2.1M | $35.0M | 2.9x |
Paradex XRP-USD-PERP
Kalshi KXXRPPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Paradex. 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
- $53.83
- Price spread: +0.088% → +0.046%
- $4.15
- Slippage, 4 orders
- −$20.97
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- $23.01
- Costs to cover
- 0.350%
- Break-even
- 4.0 days
Slippage from Paradex: live order book, 18 min ago; Kalshi: 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 Paradex live order book, 18 min ago | 4.61 bp | 6.6 bp −$7 | 137.2 bp −$1,372 | doesn't fit | doesn't fit |
| Sell Kalshi live order book, 3 min ago | 2.32 bp | 11.5 bp −$11 | 13.1 bp −$131 | 19.9 bp −$1,991 | 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 | +0.002% | $5K | $3K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5095 | +0.007% | $1.1M | $110K | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5108 | +0.094% | $253K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0027% / S +0.0048% | 1h | 1.5110 | +0.108% | $798K | — | 200x | as long as short |
| Injective XRP/USDC PERP | +0.0033% | 1h | 1.5560 | +3.089% | $2K | $107K | 30x | as long as short |
| Orderly PERP_XRP_USDC | +0.0075% | 8h | 1.5113 | +0.128% | $62K | $935K | 50x | as long as short |
| 01 Exchange XRPUSD | +0.0080% | 1h | 1.5103 | +0.061% | $8K | $8K | 10x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0081% | 1h | 1.5094 | +0.002% | $7.7M | $25.2M | 50x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5100 | +0.042% | $2.8M | $14.4M | 20x | as long as short |
| Lighter RH XRP | +0.0096% | 1h | 1.5104 | +0.068% | $508K | $3.2M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Injective XRP/USDC PERP
Orderly PERP_XRP_USDC
01 Exchange XRPUSD
Deribit XRP_USDC-PERPETUAL
Lighter XRP
Lighter RH XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps XRP-USD | +0.0100% | 8h | 1.5095 | +0.008% | $10K | $305K | 20x | as long as short |
| Nado XRP-PERP | +0.0100% | 1h | 1.5111 | +0.117% | $1.0M | $5.9M | 20x | as long as short |
| Hyperliquid XRP | +0.0100% | 1h | 1.5120 | +0.174% | $280.0M | $221.0M | 20x | as long as short |
| Aster XRPUSDT | +0.0100% | 8h | 1.5100 | +0.044% | $38.3M | $83.2M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5099 | +0.038% | $606K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5114 | +0.134% | $535.8M | $2.09B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5114 | +0.134% | $342.4M | $924.9M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5117 | +0.154% | $125.0M | $863.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5109 | +0.101% | $562K | $28K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5104 | +0.068% | $114K | $707K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5087 | −0.048% | $1.6M | $161K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5110 | +0.108% | $368.8M | $150.6M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5114 | +0.134% | $293.6M | $893.9M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5111 | +0.118% | $106.5M | $170.6M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5110 | +0.108% | $265.9M | $380.0M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5102 | +0.055% | — | $4.1M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5141 | +0.310% | $6.0M | $36.0M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5108 | +0.093% | $656K | $109.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5143 | +0.323% | $1.1M | $35.8M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5110 | +0.108% | $1.2M | $1.0M | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5109 | +0.102% | — | $11K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5112 | +0.121% | $42K | $448K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5113 | +0.128% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5095 | +0.011% | $812K | $75K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5106 | +0.082% | $126K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5089 | −0.031% | $29K | $1.7M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5103 | +0.061% | $49.5M | $15.4M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5092 | −0.012% | $53.7M | $29.9M | 50x | as long as short |
| Paradex XRP-USD-PERPlong | +0.0100% | 8h | 1.5094 | long leg | $471K | $55K | 50x | |
| Extended XRP-USD | +0.0104% | 1h | 1.5095 | +0.008% | $2.0M | $6.8M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5114 | +0.134% | $58K | $25K | 3x | as long as short |
| Reya XRPRUSDPERP | +0.0215% | 1h | 1.5109 | +0.102% | $1.3M | $7K | 15x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0216% | 1h | 1.5090 | −0.025% | $5.6M | $46.2M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.0217% | 1h | 1.5098 | +0.028% | $1.9M | $1.3M | 25x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5093 | −0.005% | — | $74.4M | 125x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0274% | 1h | 1.5086 | −0.054% | $14.4M | $72.8M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.0304% | 1h | 1.5100 | +0.039% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERPshort | +0.0356% | 8h | 1.5107 | +0.088% | $2.1M | $35.0M | 2.9x | |
| RISEx XRP/USDC | +0.0484% | 1h | 1.5108 | +0.092% | $526K | $769K | 10x | as long as short |
| Phoenix XRP | +0.0528% | 1h | 1.5130 | +0.240% | $67K | $110K | 15x | as long as short |
| Aftermath Perps XRPUSD | +0.0723% | 1h | 1.5116 | +0.147% | $2K | $14K | 10x | as long as short |
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
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Extended XRP-USD
Aevo XRP-PERP
Reya XRPRUSDPERP
Coinbase International XRP-PERP-INTX
Backpack XRP_USDC_PERP
BloFin XRP-USDT
Kraken Futures PF_XRPUSD
Hibachi XRP/USDT-P
RISEx XRP/USDC
Phoenix XRP
Aftermath Perps XRPUSD