XRP Perps on Kalshi: Funding, Leverage and Liquidation Price
Live from Kalshi's public data: what a XRP perp costs to hold, how much leverage you get, and where a position gets liquidated. Trades 24/7.
XRP funding since launch
| Funding time (ET) | Rate | Who paid | On $10,000 long |
|---|---|---|---|
| Nov 10, 12 AM | +0.0109% | Longs → shorts | −$1.09 |
| Nov 9, 4 PM | 0.0000% | Nobody | $0.00 |
| Nov 9, 8 AM | 0.0000% | Nobody | $0.00 |
| Nov 9, 12 AM | 0.0000% | Nobody | $0.00 |
| Nov 8, 4 PM | +0.0159% | Longs → shorts | −$1.59 |
| Nov 8, 8 AM | +0.0129% | Longs → shorts | −$1.29 |
| Nov 8, 12 AM | +0.0115% | Longs → shorts | −$1.15 |
| Nov 7, 4 PM | +0.0107% | Longs → shorts | −$1.07 |
| Nov 7, 8 AM | 0.0000% | Nobody | $0.00 |
| Nov 7, 12 AM | 0.0000% | Nobody | $0.00 |
| Nov 6, 4 PM | 0.0000% | Nobody | $0.00 |
| Nov 6, 8 AM | 0.0000% | Nobody | $0.00 |
| Nov 6, 12 AM | +0.0110% | Longs → shorts | −$1.10 |
| Nov 5, 4 PM | +0.0225% | Longs → shorts | −$2.25 |
| Nov 5, 8 AM | +0.0425% | Longs → shorts | −$4.25 |
| Nov 5, 12 AM | +0.0138% | Longs → shorts | −$1.38 |
| Nov 4, 4 PM | 0.0000% | Nobody | $0.00 |
| Nov 4, 8 AM | +0.0271% | Longs → shorts | −$2.71 |
| Nov 4, 12 AM | +0.0210% | Longs → shorts | −$2.10 |
| Nov 3, 4 PM | +0.0211% | Longs → shorts | −$2.11 |
| Nov 3, 8 AM | +0.0308% | Longs → shorts | −$3.08 |
Where a XRP position gets liquidated
Entry at $1.100, $1,000 of margin. The quick rule is 100 ÷ leverage; the estimate includes Kalshi's maintenance margin (opening margin ÷ 1.3, calibrated against the liquidation prices Kalshi's app shows). Kalshi's app shows your exact figure once a position is open.
| Leverage | Quick rule | Long liquidates at | Short liquidates at |
|---|---|---|---|
| 2x | 50% | $0.7049 (35.9%) | $1.262 (14.7%) |
| 3x | 33% | $0.9401 (14.5%) | over max |
Run your own XRP position
The quick rule (100 ÷ leverage) says 33%. Kalshi's maintenance margin eats part of that cushion, so the real distance is closer to 14.6%. Estimate from Kalshi's published risk parameters; the app shows your exact number once the position is open.
Buy YES on XRP below $1.000 (XRP monthly min/max, closes Nov 30, 11:59 PM ET) at 55¢.
A one-touch contract pays $1 if the price trades through the strike at any point before it closes, so it pays whether or not you were still holding the perp. The hedge closes on Nov 30, 11:59 PM ET; the perp does not. Re-hedge on the next month's ladder if you hold longer.
See this contract on Kalshi →Live from Kalshi's public perps API, Nov 10, 2026, 1:29 AM ET. Funding uses the XRP 30-day average per 8-hour window (+0.0121%); a single print can run to Kalshi's ±2% cap. Liquidation ignores fees and funding already paid, which pull it closer. See every print on the XRP perps page.
What to know about XRP perps
XRP funds three times a day like every Kalshi crypto perp. Smaller coins get less leverage than Bitcoin and Ethereum, and on most of them shorts have paid longs more often than the other way around.
Reference price: CF Benchmarks real-time index (Kalshi help center, BTC contract specs).
XRP perps on Kalshi — frequently asked
What is the funding rate on Kalshi XRP perps?
XRP funds three times a day, at 12 a.m., 8 a.m. and 4 p.m. ET. Since launch the average has worked out to 7.2% a year paid by longs, and 55% of the 479 prints paid nothing because Kalshi rounds rates under 0.01% to zero. The most recent print was +0.0109%.
How much leverage can I use on Kalshi XRP perps?
At a $1,000 position Kalshi allowed about 4.0x long and 2.9x short when this page last refreshed. Bigger positions get less. A 3x long sat about 14.5% above its liquidation price, because Kalshi liquidates at maintenance margin, not at zero.
What are the fees on Kalshi XRP perps?
Kalshi charges perps fees on the full notional value of the position (margin × leverage), once to open and once to close. At the entry tier that is 0.120% for a taker fill and 0.020% for a resting maker fill; rates step down as your 30-day volume grows, and Kalshi counts your prediction-market volume toward that tier, not just perps.
Can I hedge a XRP perp with a Kalshi event contract?
Yes. Kalshi lists a XRP monthly min/max ladder. Its contracts pay $1 if the price trades through the strike at any point before the deadline, so the strike nearest your liquidation price works as liquidation insurance. The perps calculator on this page finds the right strike and prices it.
Perps carry leverage and can lose your entire margin quickly. Numbers are read from Kalshi's public API and our own math; PredictionMarketsPicks is independent of Kalshi. Trade responsibly.
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