Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0260%/8h= +28.5% APRpaid last 24h +0.023%

Price spread now: Kalshi against Vest+0.026%7-day average — · you sell dearer than you buy

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

Long on Vest Short on Kalshi

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVest: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Kalshi is 0.026% dearer against Vest than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Vest XRP-PERP	1.5139	0.0100	pay 0.0013% / 1h	13m 52s	—	$11K	10x
Short	Kalshi KXXRPPERP	1.5143	0.0360	get 0.0360% / 8h	2h 13m	$2.1M	$35.6M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against Vest. 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 VestbpFee KalshibpOrdersPrice spread, now +0.026%Rate

Funding earned: $54.63
Price spread: +0.026% → 0.000%: $2.62
Slippage, 4 orders: no order book: not counted
Fee Vest: 1 bp × 2 orders: −$2
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $45.26
Costs to cover: 0.120%
Break-even: 1.2 days

Slippage unknown: Vest: no order-book sample; Kalshi: live order book, 5 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 Vest no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 5 min ago	2.31 bp	9.1 bp −$9	10.8 bp −$108	18.9 bp −$1,894	doesn't fit

Vest: 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 50 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	1.5142	+0.020%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	−0.062%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.139%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5142	+0.016%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0056%	1h	1.5140	+0.007%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.781%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5147	+0.054%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0073%	8h	1.5146	+0.046%	$62K	$953K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5149	+0.069%	$2.8M	$14.3M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5151	+0.079%	$511K	$3.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5125	−0.093%	$10K	$307K	20x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5134	−0.030%	$935K	$6.0M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5147	+0.051%	$38.4M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5138	−0.007%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5149	+0.065%	$537.5M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5143	+0.026%	$341.0M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5145	+0.039%	$124.2M	$872.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5118	−0.139%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5138	−0.007%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5125	−0.096%	$1.6M	$257K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5145	+0.039%	$368.5M	$152.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5148	+0.059%	$291.3M	$916.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5143	+0.026%	$106.8M	$171.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5145	+0.039%	$266.8M	$384.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5143	+0.026%	—	$4.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5120	−0.128%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	−0.034%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.089%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	−0.033%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERPlong	+0.0100%	1h	1.5139	long leg	—	$11K	10x
Polymarket Perps XRP-USD	+0.0100%	1h	1.5139	0.000%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5142	+0.023%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5149	+0.067%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5139	+0.003%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5148	+0.059%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5145	+0.041%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5146	+0.046%	$53.9M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5137	−0.012%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5141	+0.011%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5146	+0.043%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5138	−0.007%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0146%	1h	1.5150	+0.072%	$7.6M	$25.3M	50x	as long as short
Hyperliquid XRP	+0.0182%	1h	1.5154	+0.099%	$280.3M	$222.4M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5137	−0.013%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5152	+0.086%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5125	−0.092%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0335%	1h	1.5156	+0.112%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERPshort	+0.0360%	8h	1.5143	+0.026%	$2.1M	$35.6M	2.9x
RISEx XRP/USDC	+0.0456%	1h	1.5140	+0.008%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0764%	1h	1.5146	+0.043%	$2K	$14K	10x	as long as short