Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against BingX+0.108%7-day average +0.073% · 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−$24as in the Price arb table

costs, in and out, $10k−$270.270% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.108%, 7d avg +0.073%

Together, before fees−0.072%+ Points / potential airdropNado: Active · farm board−$7 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 0.035% dearer against BingX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDC	1.5367	0.0100	pay 0.0100% / 8h	2h 23m	—	$3.7M	—
Short	Nado XRP-PERP	1.5384	0.0100	get 0.0012% / 1h	23m 33s	$1.1M	$5.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.073%: $3.49
Slippage, 4 orders: −$10.04
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$23.55
Costs to cover: 0.270%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Nado: live order book, 5 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 BingX live order book, 7 min ago	0.99 bp	9.8 bp −$10	13.6 bp −$136	26.4 bp −$2,644	65.6 bp −$32.8K
Sell Nado live order book, 5 min ago	0.66 bp	4.6 bp −$5	9.6 bp −$96	39.0 bp −$3,897	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	1.5341	−0.169%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5337	−0.196%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5320	−0.306%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5343	−0.156%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5360	−0.047%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.501%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5335	−0.208%	$179K	$788K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0072% / S +0.0185%	1h	1.5358	−0.059%	$905K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5338	−0.188%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5340	−0.176%	$445K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERPshort	+0.0100%	1h	1.5384	+0.108%	$1.1M	$5.2M	20x
Aster XRPUSDT	+0.0100%	8h	1.5341	−0.172%	$38.9M	$71.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5339	−0.182%	$668K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5383	+0.105%	$550.0M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5381	+0.091%	$344.3M	$838.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5377	+0.065%	$124.2M	$836.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5297	−0.456%	$569K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5358	−0.059%	$115K	$647K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−1.079%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5334	−0.215%	$367.9M	$131.4M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5372	+0.033%	$289.5M	$807.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5358	−0.057%	$112.8M	$147.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5375	+0.052%	$267.6M	$340.2M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5367	long leg	—	$3.7M	—
Variational Omni XRP	+0.0100%	8h	1.5321	−0.300%	$6.3M	$24.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5269	−0.636%	$665K	$95.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5309	−0.381%	$1.1M	$41.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5280	−0.566%	$1.0M	$850K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	−0.030%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5386	+0.124%	$49K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5359	−0.054%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5337	−0.194%	$826K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5342	−0.160%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5340	−0.176%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5334	−0.214%	$50.5M	$14.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5339	−0.182%	$54.8M	$28.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5337	−0.197%	$478K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5373	+0.039%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5366	−0.005%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5337	−0.196%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5377	+0.065%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0157%	1h	1.5349	−0.117%	$1.7M	$925K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5342	−0.165%	$15.5M	$63.8M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5348	−0.124%	$5.4M	$43.8M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5371	+0.026%	$1.4M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5348	−0.124%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5332	−0.228%	$23.8M	$67.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5334	−0.212%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5379	+0.077%	$405K	$497K	10x	as long as short
Hyperliquid XRP	+0.0474%	1h	1.5399	+0.207%	$283.4M	$184.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0532%	1h	1.5301	−0.432%	$1K	$11K	10x	as long as short