Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Aster+0.071%7-day average +0.026% · 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−$14as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on Aster Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days+0.007%+$1 · spread now +0.071%, 7d avg +0.026%

Together, before fees+0.010%+ Points / potential airdropAster: Stage 5 · Nado: Active · farm board+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.045% dearer against Aster than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.026%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster XRPUSDT	1.5356	0.0100	pay 0.0100% / 8h	7h 12m	$38.8M	$83.2M	100x
Short	Nado XRP-PERP	1.5366	0.0100	get 0.0012% / 1h	12m 45s	$1.0M	$5.5M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Aster. 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 AsterbpFee NadobpOrdersPrice spread, now +0.071%Rate

Funding earned: $0
Price spread: +0.071% → +0.026%: $4.52
Slippage, 4 orders: −$3.19
Fee Aster: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$13.67
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from Aster: live order book, 1 min ago; Nado: live order book, 1 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 Aster live order book, 1 min ago	0.65 bp	5.3 bp −$5	6.1 bp −$61	14.7 bp −$1,470	doesn't fit
Sell Nado live order book, 1 min ago	0.32 bp	4.1 bp −$4	9.2 bp −$92	43.4 bp −$4,339	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	1.5375	+0.127%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5368	+0.078%	$1.1M	$112K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5361	+0.035%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0017% / S +0.0074%	1h	1.5358	+0.013%	$843K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.331%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0063%	8h	1.5362	+0.042%	$58K	$935K	50x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5357	+0.009%	$8K	$8K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0076%	1h	1.5364	+0.055%	$9.3M	$25.1M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5361	+0.037%	$2.8M	$14.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5361	+0.035%	$515K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5357	+0.009%	$9K	$280K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5373	+0.111%	$479K	$55K	50x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5366	+0.071%	$1.0M	$5.5M	20x
Aster XRPUSDTlong	+0.0100%	8h	1.5356	long leg	$38.8M	$83.2M	100x
Pacifica XRP	+0.0100%	1h	1.5374	+0.120%	$635K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5358	+0.019%	$542.6M	$2.05B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5358	+0.016%	$342.2M	$919.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5361	+0.035%	$124.7M	$868.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5317	−0.251%	$570K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5374	+0.120%	$118K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5274	−0.528%	$1.6M	$378K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5359	+0.022%	$374.8M	$151.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5359	+0.022%	$305.9M	$912.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5360	+0.031%	$111.2M	$166.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5354	−0.010%	$269.4M	$375.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5360	+0.029%	—	$124.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5332	−0.153%	$6.4M	$35.6M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5358	+0.016%	$668K	$107.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5366	+0.067%	$1.1M	$37.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5374	+0.120%	$1.2M	$997K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5371	+0.100%	$48K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5361	+0.037%	$41K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5366	+0.070%	$827K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5371	+0.102%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5359	+0.022%	$29K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5359	+0.023%	$50.4M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5359	+0.022%	$54.6M	$29.5M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5367	+0.077%	—	$9K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5354	−0.010%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.043%	$59K	$25K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5362	+0.044%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5366	+0.068%	$24.1M	$74.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5367	+0.074%	$5.7M	$46.7M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5357	+0.010%	$14.5M	$70.4M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0309%	1h	1.5364	+0.055%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5358	+0.018%	$17K	$81K	7x	as long as short
Kalshi KXXRPPERP	+0.0314%	8h	1.5385	+0.192%	$2.0M	$34.7M	2.9x	as long as short
Hyperliquid XRP	+0.0384%	1h	1.5375	+0.127%	$290.3M	$215.6M	20x	as long as short
Phoenix XRP	+0.0520%	1h	1.5320	−0.232%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0823%	1h	1.5356	+0.003%	$2K	$13K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5369	+0.085%	$544K	$773K	10x	as long as short