Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC+0.0097%/8h= +10.6% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Nado against gTrade (Gains Network)+0.075%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2782.777% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.092%+$9 on $10k
Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.075%, 7d avg +0.001%
Together, before fees−0.032%+ Points / potential airdropNado: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.074% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) XRP/USD1.5333L +0.0003% / S −0.0004%pay 0.0000% / 1h31m 03s$256K150x
ShortNado XRP-PERP1.53450.0100get 0.0012% / 1h31m 03s$1.0M$5.5M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against gTrade (Gains Network). 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

Funding earned
$20.3
Price spread: +0.075% → +0.001%
$7.42
Slippage, 4 orders
−$260.74
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$250.02
Costs to cover
2.777%
Break-even
93.2 days
Slippage from gTrade (Gains Network): virtual book (oracle venue), 43 min ago; Nado: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 43 min ago130.04 bp135.0 bp −$135208.0 bp −$2,0801906.1 bp −$190.6K9819.7 bp −$4.91M
Sell Nado live order book, 3 min ago0.33 bp3.8 bp −$47.9 bp −$7939.8 bp −$3,978doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5347+0.091%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5335+0.014%$1.1M$112K10xas long as short
gTrade (Gains Network) XRP/USDlongL +0.0003% / S −0.0004%1h1.5333long leg$256K150x
GMX XRP/USD [ETH-USDC]L +0.0014% / S +0.0080%1h1.5330−0.018%$841K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+1.480%$2K$107K30xas long as short
Orderly PERP_XRP_USDC+0.0062%8h1.5334+0.007%$58K$935K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0076%1h1.5337+0.026%$9.3M$25.1M50xas long as short
Lighter XRP+0.0096%1h1.5341+0.050%$2.8M$14.0M20xas long as short
Lighter RH XRP+0.0096%1h1.5346+0.085%$515K$3.2M20xas long as short
01 Exchange XRPUSD+0.0096%1h1.5348+0.098%$8K$8K10xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps XRP-USD+0.0100%8h1.5344+0.072%$10K$277K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5345+0.077%$478K$54K50xas long as short
Nado XRP-PERPshort+0.0100%1h1.5345+0.075%$1.0M$5.5M20x
Aster XRPUSDT+0.0100%8h1.5340+0.045%$38.8M$83.4M100xas long as short
Pacifica XRP+0.0100%1h1.5340+0.043%$621K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5334+0.007%$540.0M$2.05B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5334+0.007%$341.9M$920.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5332−0.007%$125.0M$869.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5316−0.111%$570K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5349+0.104%$119K$712K20xas long as short
Bulk XRP-USD+0.0100%1h1.5296−0.242%$1.6M$517K20xas long as short
Gate XRP_USDT+0.0100%8h1.5341+0.052%$374.1M$149.6M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5343+0.065%$309.8M$903.0M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5343+0.067%$108.9M$165.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5339+0.039%$268.4M$374.8M125xas long as short
BingX XRP-USDT+0.0100%8h1.5338+0.033%$123.5Mas long as short
Variational Omni XRP+0.0100%8h1.5328−0.032%$6.3M$35.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5313−0.127%$665K$107.4M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5322−0.070%$1.1M$38.8M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5321−0.078%$1.0M$892K50xas long as short
Vest XRP-PERP+0.0100%1h1.5331−0.014%$9K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5346+0.085%$49K$441K20xas long as short
Bullet XRP-USD+0.0100%1h1.53330.000%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5337+0.028%$826K$79K10xas long as short
SunX XRP-USDT+0.0100%8h1.5352+0.125%$128K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5336+0.020%$29K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5332−0.008%$50.3M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5336+0.020%$54.6M$29.5M50xas long as short
Extended XRP-USD+0.0104%1h1.5332−0.005%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5334+0.007%$59K$25K3xas long as short
Reya XRPRUSDPERP+0.0213%1h1.5332−0.004%$1.4M$7K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5336+0.020%$24.0M$73.7M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5345+0.078%$5.8M$46.3M50xas long as short
Kraken Futures PF_XRPUSD+0.0243%1h1.5343+0.067%$14.5M$70.0M50xas long as short
Backpack XRP_USDC_PERP+0.0290%1h1.5347+0.091%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0310%8h1.5341+0.052%$2.1M$34.9M2.9xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5313−0.130%$17K$81K7xas long as short
Hyperliquid XRP+0.0404%1h1.5351+0.117%$289.9M$214.6M20xas long as short
Phoenix XRP+0.0520%1h1.5330−0.020%$68K$110K15xas long as short
Aftermath Perps XRPUSD+0.0803%1h1.5331−0.014%$2K$12K10xas long as short
RISEx XRP/USDC+0.0828%1h1.5351+0.114%$507K$754K10xas long as short