XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.23 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Bulk+0.153%54s7-day average +0.021% · 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—prices read too far apart to compare

costs, in and out, $10k−$170.168% of the position

Long on Bulk Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.089%−$9 · spread now +0.153%, 7d avg +0.021%

Together, before fees−0.089%+ Points / potential airdropNado: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Nado is 0.132% dearer against Bulk than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.021%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.000% in total (about -0.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.23 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk XRP-USD	1.5337	0.0100	pay 0.0013% / 1h	58m 40s	$1.7M	$565K	20x
Short	Nado XRP-PERP	1.5360	0.0287	get 0.0036% / 1h	58m 40s	$1.0M	$5.6M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bulk. 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 BulkbpFee NadobpOrdersPrice spread, now +0.153%Rate

Funding earned: $39.31
Price spread: +0.153% → +0.021%: $13.21
Slippage, 4 orders: −$2.81
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $35.71
Costs to cover: 0.168%
Break-even: 0.6 days

Slippage from Bulk: live order book, just now; 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 Bulk live order book, just now	0.65 bp	4.2 bp −$4	5.4 bp −$54	14.7 bp −$1,475	30.2 bp −$15.1K
Sell Nado live order book, 5 min ago	0.33 bp	4.4 bp −$4	9.0 bp −$90	42.0 bp −$4,202	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	1.5343	+0.039%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5328	−0.056%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	+0.085%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5354	+0.113%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5354	+0.109%	$842K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0010%	1h	1.5363	+0.170%	$9.3M	$25.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.454%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5362	+0.163%	$75K	$910K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5346	+0.059%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5332	−0.035%	$2.9M	$13.6M	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	1.5340	+0.020%	$513K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5344	+0.046%	$12K	$271K	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5352	+0.100%	$38.9M	$83.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5341	+0.025%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5336	−0.003%	$539.8M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5341	+0.026%	$339.8M	$933.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5340	+0.020%	$125.4M	$884.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5320	−0.111%	$571K	$47K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5346	+0.059%	$116K	$707K	20x	as long as short
Bulk XRP-USDlong	+0.0100%	1h	1.5337	long leg	$1.7M	$565K	20x
Gate XRP_USDT	+0.0100%	8h	1.5342	+0.033%	$372.2M	$147.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5342	+0.033%	$299.8M	$888.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5348	+0.072%	$109.6M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5344	+0.046%	$269.0M	$378.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5341	+0.026%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	+0.061%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5347	+0.062%	$666K	$106.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	+0.208%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	+0.098%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5360	+0.148%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5364	+0.176%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5357	+0.133%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5364	+0.174%	$827K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5365	+0.181%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5359	+0.143%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5356	+0.126%	$50.4M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5350	+0.085%	$54.7M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5338	+0.006%	$478K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5341	+0.023%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5362	+0.160%	$72K	$2K	3x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5360	+0.147%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5351	+0.091%	$24.0M	$75.0M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5366	+0.189%	$5.8M	$47.0M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0230%	1h	1.5350	+0.085%	$1.7M	$1.2M	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5362	+0.163%	$14.9M	$70.3M	50x	as long as short
Nado XRP-PERPshort	+0.0287%	1h	1.5360	+0.153%	$1.0M	$5.6M	20x
Hibachi XRP/USDT-P	+0.0312%	1h	1.5367	+0.194%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0316%	8h	1.5367	+0.196%	$2.2M	$35.2M	2.9x	as long as short
Hyperliquid XRP	+0.0491%	1h	1.5365	+0.183%	$291.0M	$216.7M	20x	as long as short
Aftermath Perps XRPUSD	+0.0773%	1h	1.5350	+0.087%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5349	+0.077%	$512K	$753K	10x	as long as short