Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Nado−0.036%7-day average −0.032% · 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−$18as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Nado Short on Arcus

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 4 days (all we have)−0.275%−$28 · spread now −0.036%, 7d avg −0.032%

Together, before fees−0.275%+ Points / potential airdropNado: Active · farm board−$28 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5370	0.0100	pay 0.0012% / 1h	56m 59s	$1.0M	$5.6M	20x
Short	Arcus XRP-USD	1.5365	0.0100	get 0.0013% / 1h	56m 59s	$116K	$708K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now −0.036%Rate

Funding earned: $0
Price spread: −0.036% → −0.032%: −$0.35
Slippage, 4 orders: −$6.39
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$18.24
Costs to cover: 0.179%
Break-even: 1873825755569195.3 days

Slippage from Nado: live order book, 2 min ago; Arcus: live order book, 17 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, 2 min ago	0.33 bp	4.2 bp −$4	10.1 bp −$101	43.2 bp −$4,317	doesn't fit
Sell Arcus live order book, 17 min ago	1.30 bp	4.6 bp −$5	7.6 bp −$76	26.5 bp −$2,646	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	1.5364	−0.042%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5345	−0.164%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5350	−0.133%	$68K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5385	+0.096%	$257K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0008% / S +0.0089%	1h	1.5380	+0.060%	$842K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.233%	$2K	$107K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0061%	8h	1.5386	+0.101%	$75K	$910K	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5370	−0.003%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5389	+0.118%	$2.9M	$13.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5387	+0.107%	$514K	$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	+0.0100%	8h	1.5366	−0.029%	$12K	$271K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5370	long leg	$1.0M	$5.6M	20x
Aster XRPUSDT	+0.0100%	8h	1.5389	+0.120%	$39.0M	$83.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5356	−0.094%	$634K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5390	+0.130%	$541.7M	$2.07B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5390	+0.127%	$341.0M	$932.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5390	+0.127%	$125.7M	$888.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5339	−0.205%	$571K	$47K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5365	−0.036%	$116K	$708K	20x
Bulk XRP-USD	+0.0100%	1h	1.5337	−0.218%	$1.7M	$565K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5384	+0.088%	$373.8M	$147.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5390	+0.127%	$303.3M	$889.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5388	+0.112%	$110.0M	$167.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5392	+0.140%	$269.9M	$378.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5390	+0.127%	—	$123.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5346	−0.157%	$6.4M	$35.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5357	−0.088%	$667K	$106.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5369	−0.010%	$1.1M	$40.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5352	−0.120%	$1.0M	$902K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5362	−0.053%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	+0.023%	$48K	$458K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5379	+0.055%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5388	+0.112%	$828K	$82K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5392	+0.139%	$129K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5386	+0.101%	$30K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5386	+0.098%	$50.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5386	+0.101%	$54.8M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5359	−0.073%	$479K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5389	+0.118%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5390	+0.124%	$56K	$18K	3x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0205%	1h	1.5394	+0.153%	$9.3M	$25.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0213%	1h	1.5370	−0.006%	$1.4M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5390	+0.127%	$24.0M	$75.1M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5391	+0.133%	$5.8M	$47.1M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0243%	1h	1.5388	+0.113%	$14.9M	$70.2M	50x	as long as short
Hibachi XRP/USDT-P	+0.0312%	1h	1.5344	−0.172%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5384	+0.088%	$2.2M	$35.3M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0318%	1h	1.5401	+0.198%	$1.7M	$1.2M	25x	as long as short
Hyperliquid XRP	+0.0598%	1h	1.5406	+0.229%	$292.0M	$216.9M	20x	as long as short
Aftermath Perps XRPUSD	+0.0780%	1h	1.5354	−0.108%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0828%	1h	1.5371	+0.006%	$513K	$753K	10x	as long as short