Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Nado+0.198%7-day average +0.011% · 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−$3as in the Price arb table

costs, in and out, $10k−$210.214% of the position

Long on Nado Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.245%−$25 · spread now +0.198%, 7d avg +0.011%

Together, before fees−0.245%+ Points / potential airdropNado: Active · farm board−$25 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: ApeX Omni is 0.188% dearer against Nado than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5375	0.0100	pay 0.0012% / 1h	57m 14s	$1.0M	$5.9M	20x
Short	ApeX Omni XRPUSDT	1.5406	0.0100	get 0.0013% / 1h	57m 14s	$1.2M	$1.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Nado. 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 NadobpFee ApeX OmnibpOrdersPrice spread, now +0.198%Rate

Funding earned: $0
Price spread: +0.198% → +0.011%: $18.77
Slippage, 4 orders: −$4.41
Fee Nado: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$2.64
Costs to cover: 0.214%
Break-even: 271666603843425.7 days

Slippage from Nado: live order book, 5 min ago; ApeX Omni: 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 Nado live order book, 5 min ago	0.32 bp	4.0 bp −$4	9.4 bp −$94	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 5 min ago	1.30 bp	6.6 bp −$7	11.8 bp −$118	doesn't fit	doesn't fit

XRP on 50 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	1.5403	+0.179%	$5K	$4K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0062%	1h	1.5386	+0.070%	$14.1M	$72.0M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5385	+0.062%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5387	+0.075%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5383	+0.047%	$246K	—	150x	as long as short
01 Exchange XRPUSD	+0.0016%	1h	1.5376	+0.003%	$9K	$987	10x	as long as short
SoDEX XRP-USD	+0.0025%	1h	1.5383	+0.049%	$30K	$1.5M	10x	as long as short
Ondo Perps XRP-USD.P	+0.0026%	1h	1.5389	+0.088%	$565K	$37K	5x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.200%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5385	+0.060%	$2.8M	$14.0M	20x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5390	+0.094%	$602K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5384	+0.057%	$480K	$47K	50x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5373	−0.016%	$9K	$400K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5375	long leg	$1.0M	$5.9M	20x
Hyperliquid XRP	+0.0100%	1h	1.5389	+0.088%	$299.9M	$267.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5384	+0.055%	$39.4M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5381	+0.035%	$595K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5383	+0.049%	$536.4M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5385	+0.062%	$364.8M	$893.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5383	+0.049%	$125.1M	$841.3M	100x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5382	+0.042%	$165K	$684K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5384	+0.055%	$383.5M	$155.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5383	+0.049%	$311.0M	$885.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5385	+0.061%	$107.0M	$181.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5383	+0.049%	$272.9M	$358.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5384	+0.055%	—	$103.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5390	+0.094%	$5.0M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5392	+0.110%	$669K	$110.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5411	+0.231%	$1.1M	$31.0M	20x	as long as short
ApeX Omni XRPUSDTshort	+0.0100%	1h	1.5406	+0.198%	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5384	+0.056%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5378	+0.016%	$53K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5384	+0.054%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5384	+0.055%	$84K	$613K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5388	+0.081%	$129K	$1.5M	30x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5378	+0.016%	$50.1M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5386	+0.068%	$54.8M	$33.3M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5369	−0.041%	$1.6M	$25K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5379	+0.025%	$2.2M	$6.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5377	+0.013%	$59K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0112%	1h	1.5388	+0.081%	$5.5M	$44.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0120%	1h	1.5387	+0.078%	$17K	$76K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0120%	1h	1.5390	+0.094%	$2.0M	$1.2M	25x	as long as short
Kalshi KXXRPPERP	+0.0142%	8h	1.5387	+0.075%	$1.9M	$34.9M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0170% / S −0.0372%	1h	1.5385	+0.061%	$610K	—	200x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5380	+0.029%	$23.9M	$78.8M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5375	−0.005%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0239%	1h	1.5391	+0.103%	$514K	$777K	10x	as long as short
Aftermath Perps XRPUSD	+0.0438%	1h	1.5399	+0.156%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5390	+0.094%	$69K	$108K	15x	as long as short