Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Bullet+0.280%65s7-day average — · you sell dearer than you buy

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

Long on Bullet Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropNado: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Nado is 0.280% dearer against Bullet than usual: you sell high and buy low, +$28 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet XRP-USD	1.5398	0.0100	pay 0.0013% / 1h	8m 23s	$41K	$65K	20x
Short	Nado XRP-PERP	1.5441	0.0100	get 0.0012% / 1h	8m 23s	$841K	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Bullet. 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 BulletbpFee NadobpOrdersPrice spread, now +0.280%Rate

Funding earned: $0
Price spread: +0.280% → 0.000%: $28.03
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $13.03
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Bullet: no order-book sample; Nado: live order book, 4 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 Bullet no order-book sample	—	—	—	—	—
Sell Nado live order book, 4 min ago	0.32 bp	3.9 bp −$4	9.1 bp −$91	doesn't fit	doesn't fit

Bullet: 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 exchanges

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	1.5387	−0.074%	$5K	$2K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0076%	1h	1.5434	+0.231%	$13.8M	$67.4M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5407	+0.055%	$1.1M	$154K	10x	as long as short
Kalshi KXXRPPERP	0.0000%	8h	1.5439	+0.264%	$1.9M	$36.1M	2.9x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	+0.206%	$72K	$102K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5435	+0.238%	$7.8M	$19.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5399	+0.007%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.050%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0064%	1h	1.5404	+0.037%	$9K	$987	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5408	+0.066%	$2.8M	$13.8M	20x	as long as short

Show all 51 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5412	+0.089%	$573K	$3.1M	20x	as long as short
Coinbase International XRP-PERP-INTX	+0.0096%	1h	1.5438	+0.258%	$5.5M	$41.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5404	+0.039%	$480K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5406	+0.050%	$12K	$451K	20x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5441	+0.280%	$841K	$5.9M	20x
Hyperliquid XRP	+0.0100%	1h	1.5408	+0.063%	$299.8M	$261.2M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5400	+0.009%	$39.0M	$79.3M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5410	+0.073%	$593K	$934K	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5400	+0.011%	$538.4M	$2.01B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5400	+0.011%	$366.0M	$841.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5400	+0.011%	$125.3M	$821.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5421	+0.147%	$568K	$44K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5407	+0.056%	$159K	$633K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5432	+0.219%	$1.6M	$58K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5401	+0.017%	$374.5M	$161.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5398	−0.002%	$317.2M	$897.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5401	+0.017%	$105.3M	$180.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5397	−0.009%	$271.6M	$343.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5402	+0.024%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5420	+0.142%	$5.1M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5441	+0.279%	$671K	$103.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5429	+0.202%	$1.1M	$32.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5432	+0.219%	$1.2M	$1.2M	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5402	+0.024%	$51K	$468K	20x	as long as short
Bullet XRP-USDlong	+0.0100%	1h	1.5398	long leg	$41K	$65K	20x
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5433	+0.225%	$83K	$570K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5433	+0.222%	$830K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5436	+0.242%	$129K	$1.4M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5423	+0.160%	$29K	$1.4M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5436	+0.243%	$50.2M	$12.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5429	+0.199%	$55.3M	$33.7M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5411	+0.085%	—	$15K	10x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5394	−0.029%	$2.2M	$5.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5427	+0.186%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0144%	1h	1.5435	+0.240%	$17K	$67K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0183%	1h	1.5437	+0.251%	$2.0M	$1.2M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5436	+0.245%	$23.9M	$78.4M	125x	as long as short
Reya XRPRUSDPERP	+0.0225%	1h	1.5395	−0.019%	$1.4M	$2K	15x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0290% / S −0.0247%	1h	1.5436	+0.243%	$1.2M	—	200x	as long as short
RISEx XRP/USDC	+0.0300%	1h	1.5406	+0.051%	$509K	$685K	10x	as long as short
Aftermath Perps XRPUSD	+0.0395%	1h	1.5422	+0.155%	$3K	$13K	10x	as long as short