Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Gate−0.023%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Gate 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+0.091%+$9 · spread now −0.023%, 7d avg +0.028%

Together, before fees+0.092%+ Points / potential airdropNado: Active · farm board+$9 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 0.051% cheaper against Gate than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5133	0.0100	pay 0.0100% / 8h	2h 56m	$373.0M	$154.9M	100x
Short	Nado XRP-PERP	1.5130	0.0100	get 0.0012% / 1h	56m 09s	$942K	$6.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.023%Rate

Funding earned: $0
Price spread: −0.023% → +0.028%: −$5.07
Slippage, 4 orders: −$7.87
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$34.94
Costs to cover: 0.299%
Break-even: never at this rate

Slippage from Gate: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	0.33 bp	9.6 bp −$10	12.6 bp −$126	29.9 bp −$2,988	42.0 bp −$21.0K
Sell Nado live order book, 3 min ago	0.33 bp	4.1 bp −$4	10.3 bp −$103	doesn't fit	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	1.5098	−0.231%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5137	+0.027%	$14.3M	$75.1M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5119	−0.091%	$1.1M	$115K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5139	+0.040%	$7.7M	$25.6M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5140	+0.048%	$258K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.822%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0054% / S +0.0009%	1h	1.5137	+0.029%	$794K	—	200x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5130	−0.020%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5138	+0.033%	$2.8M	$14.8M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5139	+0.040%	$498K	$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	+0.0099%	8h	1.5122	−0.073%	$10K	$356K	20x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5130	−0.023%	$942K	$6.2M	20x
Hyperliquid XRP	+0.0100%	1h	1.5147	+0.093%	$290.2M	$257.1M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5135	+0.010%	$38.9M	$86.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5127	−0.038%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5136	+0.023%	$532.2M	$2.18B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5135	+0.013%	$342.6M	$950.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5135	+0.013%	$125.3M	$888.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5124	−0.059%	$563K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5133	0.000%	$137K	$717K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5133	long leg	$373.0M	$154.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5133	0.000%	$294.0M	$903.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5136	+0.017%	$108.1M	$179.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5132	−0.007%	$268.4M	$392.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5132	−0.007%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5110	−0.153%	$4.8M	$38.3M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5106	−0.177%	$656K	$111.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5111	−0.143%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5112	−0.139%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5127	−0.038%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5129	−0.026%	$49K	$490K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5133	−0.001%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5137	+0.026%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5136	+0.018%	$814K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5129	−0.030%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5135	+0.013%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5137	+0.030%	$49.5M	$15.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5135	+0.013%	$53.9M	$31.7M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5107	−0.169%	$1.6M	$29K	20x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5127	−0.041%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5130	−0.017%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5133	0.000%	$58K	$25K	3x	as long as short
Kalshi KXXRPPERP	+0.0169%	8h	1.5142	+0.059%	$1.8M	$35.5M	2.9x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5145	+0.079%	$5.7M	$48.2M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5125	−0.051%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5142	+0.059%	$24.2M	$75.8M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0246%	1h	1.5144	+0.073%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5150	+0.114%	$17K	$82K	7x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5132	−0.006%	$516K	$777K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5130	−0.020%	$67K	$109K	15x	as long as short
Aftermath Perps XRPUSD	+0.0629%	1h	1.5125	−0.055%	$2K	$15K	10x	as long as short