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: Aster against Nado−0.016%58s7-day average −0.023% · 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—prices read too far apart to compare

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

Long on Nado Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.009%−$1 on $10k

Price spread, last 7 days−0.047%−$5 · spread now −0.016%, 7d avg −0.023%

Together, before fees−0.057%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board−$6 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	1.5085	0.0100	pay 0.0012% / 1h	18m 37s	$987K	$6.3M	20x
Short	Aster XRPUSDT	1.5083	0.0100	get 0.0100% / 8h	2h 18m	$38.4M	$87.2M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.023%: $0.68
Slippage, 4 orders: −$2.94
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$17.26
Costs to cover: 0.179%
Break-even: 1773494030477629.5 days

Slippage from Nado: live order book, 5 min ago; Aster: 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	0.33 bp	4.5 bp −$4	9.9 bp −$99	doesn't fit	doesn't fit
Sell Aster live order book, 5 min ago	0.67 bp	4.7 bp −$5	5.3 bp −$53	14.6 bp −$1,464	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	1.5093	+0.050%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5088	+0.013%	$14.2M	$74.7M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5080	−0.035%	$1.1M	$133K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5080	−0.036%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5087	+0.007%	$244K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.145%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0070% / S −0.0014%	1h	1.5086	+0.002%	$794K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5093	+0.050%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5083	−0.017%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5081	−0.030%	$2.8M	$15.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5084	−0.010%	$545K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5072	−0.089%	$10K	$361K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5085	long leg	$987K	$6.3M	20x
Hyperliquid XRP	+0.0100%	1h	1.5094	+0.056%	$288.0M	$262.1M	20x	as long as short
Aster XRPUSDTshort	+0.0100%	8h	1.5083	−0.016%	$38.4M	$87.2M	100x
Pacifica XRP	+0.0100%	1h	1.5082	−0.024%	$600K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5081	−0.030%	$524.5M	$2.21B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5083	−0.017%	$343.4M	$963.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5086	+0.003%	$125.8M	$883.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5044	−0.275%	$560K	$31K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5086	+0.003%	$144K	$712K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5026	−0.391%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5080	−0.036%	$370.4M	$160.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5080	−0.036%	$286.1M	$922.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5081	−0.029%	$105.4M	$180.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5079	−0.043%	$264.7M	$397.5M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5082	−0.023%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5046	−0.263%	$4.7M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5054	−0.207%	$654K	$113.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5028	−0.381%	$1.1M	$37.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5002	−0.554%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5086	+0.006%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5091	+0.036%	$51K	$489K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5089	+0.023%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5088	+0.017%	$62K	$934K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5088	+0.018%	$812K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5094	+0.058%	$126K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5088	+0.017%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5090	+0.029%	$49.3M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5085	−0.003%	$53.8M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5088	+0.015%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5076	−0.065%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5089	+0.020%	$58K	$25K	3x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5093	+0.050%	$5.7M	$48.4M	50x	as long as short
Kalshi KXXRPPERP	+0.0187%	8h	1.5085	−0.003%	$1.7M	$35.7M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0188%	1h	1.5103	+0.116%	$2.0M	$1.4M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5071	−0.098%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5085	−0.002%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5093	+0.050%	$23.2M	$77.0M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5085	−0.001%	$519K	$786K	10x	as long as short
Aftermath Perps XRPUSD	+0.0595%	1h	1.5036	−0.329%	$2K	$16K	10x	as long as short