Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Nado−0.010%7-day average −0.027% · 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−$22as in the Price arb table

costs, in and out, $10k−$240.240% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.023%−$2 · spread now −0.010%, 7d avg −0.027%

Together, before fees−0.027%+ Points / potential airdropNado: Active · farm board−$3 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	1.5576	0.0100	pay 0.0012% / 1h	35m 19s	$1.1M	$5.4M	20x
Short	Bitget XRPUSDT	1.5575	0.0100	get 0.0100% / 8h	1h 35m	$270.9M	$358.4M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → −0.027%: $1.7
Slippage, 4 orders: −$5.02
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$22.33
Costs to cover: 0.240%
Break-even: 2293656155059916.0 days

Slippage from Nado: live order book, 4 min ago; Bitget: live order book, 4 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, 4 min ago	0.32 bp	3.8 bp −$4	8.3 bp −$83	43.2 bp −$4,324	doesn't fit
Sell Bitget live order book, 4 min ago	0.32 bp	6.3 bp −$6	8.0 bp −$80	16.6 bp −$1,655	33.2 bp −$16.6K

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	1.5603	+0.170%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5544	−0.208%	$1.1M	$104K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5546	−0.196%	$9.6M	$25.2M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5577	+0.006%	$261K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−1.839%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5527	−0.315%	$15.5M	$68.1M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0053%	8h	1.5577	+0.003%	$78K	$941K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0082% / S +0.0131%	1h	1.5576	−0.003%	$918K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5556	−0.132%	$3.0M	$12.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5547	−0.189%	$455K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERPlong	+0.0100%	1h	1.5576	long leg	$1.1M	$5.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5573	−0.025%	$39.6M	$76.9M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5554	−0.142%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5580	+0.020%	$562.4M	$1.95B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5577	+0.003%	$349.3M	$882.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5574	−0.016%	$127.6M	$873.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5561	−0.100%	$580K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5574	−0.016%	$119K	$732K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5683	+0.684%	$1.7M	$616K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5576	−0.003%	$374.3M	$138.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5576	−0.003%	$292.9M	$839.2M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5577	+0.003%	$114.4M	$157.2M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5575	−0.010%	$270.9M	$358.4M	125x
BingX XRP-USDT	+0.0100%	8h	1.5579	+0.016%	—	$116.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5595	+0.117%	$11.8M	$30.1M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5600	+0.149%	$677K	$100.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5597	+0.132%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5645	+0.440%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5572	−0.028%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5585	+0.055%	$46K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5576	−0.004%	$42K	$64K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5578	+0.009%	$839K	$79K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5562	−0.096%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5539	−0.241%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5526	−0.327%	$51.0M	$15.2M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5537	−0.254%	$55.3M	$29.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5552	−0.159%	$485K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5578	+0.010%	$12K	$249K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5565	−0.074%	$2.2M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5574	−0.016%	$73K	$40K	3x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5609	+0.207%	$18K	$81K	7x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5581	+0.029%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5580	+0.022%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5543	−0.215%	$5.8M	$46.7M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5608	+0.202%	$24.6M	$73.3M	125x	as long as short
Backpack XRP_USDC_PERP	+0.0287%	1h	1.5543	−0.215%	$1.8M	$976K	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5578	+0.010%	$1.9M	$32.4M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5600	+0.151%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5585	+0.055%	$509K	$620K	10x	as long as short
Hyperliquid XRP	+0.0606%	1h	1.5600	+0.152%	$291.2M	$200.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0692%	1h	1.5621	+0.286%	$1K	$11K	10x	as long as short