Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0124%/8h= +13.6% APRnext payment +$0.16 per $10,000 · paid last 24h +0.025%
Price spread now: Coinbase International against Nado+0.112%7-day average +0.029% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$16as in the Price arb table
costs, in and out, $10k−$240.241% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.040%+$4 on $10k
Price spread, last 3 days (all we have)−0.123%−$12 · spread now +0.112%, 7d avg +0.029%
Together, before fees−0.083%+ Points / potential airdropNado: Active · farm board−$8 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Coinbase International is 0.084% dearer against Nado than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.029%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XRP-PERP1.55710.0100pay 0.0012% / 1h47m 04s$1.1M$5.4M20x
ShortCoinbase International XRP-PERP-INTX1.55880.0224get 0.0028% / 1h47m 04s$5.9M$47.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$26.04
Price spread: +0.112% → +0.029%
$8.35
Slippage, 4 orders
−$7.07
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$10.32
Costs to cover
0.241%
Break-even
4.2 days
Slippage from Nado: live order book, 2 min ago; Coinbase International: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 2 min ago0.32 bp4.2 bp −$49.2 bp −$92doesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago0.32 bp8.0 bp −$810.1 bp −$10121.9 bp −$2,195doesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5571+0.003%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5574+0.022%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5650+0.510%$70K$90K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5567−0.023%$260K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0005% / S +0.0106%1h1.5568−0.016%$856K200xas long as short
Deribit XRP_USDC-PERPETUAL+0.0007%1h1.5576+0.035%$9.7M$25.4M50xas long as short
Kraken Futures PF_XRPUSD+0.0031%1h1.5584+0.086%$15.6M$68.7M50xas long as short
Orderly PERP_XRP_USDC+0.0056%8h1.5570−0.004%$77K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560−0.068%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5584+0.085%$3.0M$12.5M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5586+0.099%$444K$3.1M20xas long as short
Nado XRP-PERPlong+0.0100%1h1.5571long leg$1.1M$5.4M20x
Aster XRPUSDT+0.0100%8h1.5588+0.112%$39.6M$79.9M100xas long as short
Pacifica XRP+0.0100%1h1.5579+0.052%$641K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5584+0.085%$558.0M$2.01B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5588+0.112%$346.5M$912.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5586+0.099%$127.2M$890.7M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5568−0.016%$582K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5572+0.009%$117K$752K20xas long as short
Bulk XRP-USD+0.0100%1h1.5633+0.402%$1.7M$573K20xas long as short
Gate XRP_USDT+0.0100%8h1.5587+0.106%$372.5M$143.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5593+0.144%$301.0M$866.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5581+0.068%$113.4M$162.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5591+0.131%$272.7M$369.7M125xas long as short
BingX XRP-USDC+0.0100%8h1.5582+0.074%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5634+0.405%$11.7M$30.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5593+0.144%$677K$103.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5605+0.221%$1.1M$40.9M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5640+0.446%$1.0M$887K50xas long as short
Vest XRP-PERP+0.0100%1h1.5569−0.011%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5570−0.004%$48K$453K20xas long as short
Bullet XRP-USD+0.0100%1h1.5571+0.003%$42K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5573+0.018%$838K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5578+0.047%$131K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5579+0.054%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5567−0.026%$51.1M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5580+0.061%$55.4M$29.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5570−0.005%$485K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5574+0.022%$13K$266K20xas long as short
Extended XRP-USD+0.0104%1h1.5570−0.006%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5575+0.025%$73K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5571+0.003%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5562−0.057%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5585+0.093%$24.5M$74.5M125xas long as short
Coinbase International XRP-PERP-INTXshort+0.0224%1h1.5588+0.112%$5.9M$47.7M50x
Hibachi XRP/USDT-P+0.0272%1h1.5580+0.064%$18K$82K7xas long as short
Kalshi KXXRPPERP+0.0319%8h1.5568−0.016%$1.9M$33.8M2.9xas long as short
Backpack XRP_USDC_PERP+0.0378%1h1.5597+0.170%$1.7M$1.0M25xas long as short
Hyperliquid XRP+0.0613%1h1.5610+0.253%$297.4M$208.7M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5579+0.051%$508K$632K10xas long as short
Aftermath Perps XRPUSD+0.0831%1h1.5606+0.228%$1K$11K10xas long as short