Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.009%

Price spread now: Kalshi against 01 Exchange+0.059%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Kalshi is 0.059% dearer against 01 Exchange than usual: you sell high and buy low: +$6 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	01 Exchange XRPUSD	1.5214	0.0080	pay 0.0010% / 1h	58m 39s	$8K	$8K	10x
Short	Kalshi KXXRPPERP	1.5223	0.0322	get 0.0322% / 8h	2h 58m	$2.0M	$34.9M	2.9x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kalshi against 01 Exchange. 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 01 ExchangebpFee KalshibpOrdersPrice spread, now +0.059%Rate

Funding earned: $50.89
Price spread: +0.059% → 0.000%: $5.92
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Kalshi: 5 bp × 2 orders: −$10
Net: $39.8
Costs to cover: 0.170%
Break-even: 1.5 days

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Kalshi live order book, 5 min ago	2.29 bp	9.1 bp −$9	12.0 bp −$120	20.3 bp −$2,028	doesn't fit

01 Exchange: 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	1.5181	−0.217%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5165	−0.319%	$1.1M	$116K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5219	+0.033%	$255K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0070%	1h	1.5220	+0.042%	$834K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.274%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5219	+0.035%	$14.3M	$70.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0065%	8h	1.5221	+0.046%	$57K	$935K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5220	+0.039%	$9.2M	$24.6M	50x	as long as short
01 Exchange XRPUSDlong	+0.0080%	1h	1.5214	long leg	$8K	$8K	10x
Lighter XRP	+0.0096%	1h	1.5170	−0.288%	$2.8M	$14.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5191	−0.151%	$507K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5207	−0.046%	$11K	$288K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5186	−0.181%	$473K	$55K	50x	as long as short
Nado XRP-PERP	+0.0100%	1h	1.5227	+0.084%	$1.0M	$5.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5186	−0.184%	$38.4M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5177	−0.244%	$616K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5218	+0.025%	$536.6M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5186	−0.184%	$338.7M	$924.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5190	−0.158%	$122.4M	$864.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5190	−0.158%	$567K	$27K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5206	−0.053%	$115K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5350	+0.892%	$1.7M	$327K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5192	−0.145%	$367.2M	$146.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5168	−0.302%	$294.9M	$886.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5166	−0.317%	$108.9M	$168.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5199	−0.099%	$266.3M	$378.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5200	−0.092%	—	$125.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5216	+0.012%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5260	+0.301%	$663K	$107.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5199	−0.096%	$1.1M	$37.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5252	+0.250%	$1.2M	$999K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5219	+0.035%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5226	+0.079%	$44K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5224	+0.066%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5226	+0.082%	$820K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5232	+0.115%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5222	+0.053%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5217	+0.021%	$49.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5221	+0.046%	$54.0M	$29.6M	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5192	−0.144%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5215	+0.007%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0154%	1h	1.5198	−0.105%	$283.1M	$219.7M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5218	+0.028%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5223	+0.059%	$5.7M	$46.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5226	+0.079%	$24.1M	$74.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5213	−0.004%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERPshort	+0.0322%	8h	1.5223	+0.059%	$2.0M	$34.9M	2.9x
RISEx XRP/USDC	+0.0456%	1h	1.5206	−0.053%	$537K	$777K	10x	as long as short
Phoenix XRP	+0.0520%	1h	1.5240	+0.171%	$68K	$110K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0623%	1h	1.5230	+0.105%	$1.9M	$1.3M	25x	as long as short
Aftermath Perps XRPUSD	+0.0844%	1h	1.5269	+0.362%	$2K	$13K	10x	as long as short