XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0087%/8h= −9.5% APRnext payment −$0.11 per $10,000 · paid last 24h −0.024%

Price spread now: Deribit against Nado−0.046%7-day average +0.026% · 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−$27as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.032%−$3 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now −0.046%, 7d avg +0.026%

Together, before fees−0.198%+ Points / potential airdropNado: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.072% cheaper against Nado than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.026%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5246	0.0100	pay 0.0012% / 1h	51m 01s	$1.1M	$6.0M	20x
Short	Deribit XRP_USDC-PERPETUAL	1.5239	0.0013	get 0.0002% / 1h	51m 01s	$7.8M	$25.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$18.27
Price spread: −0.046% → +0.026%: −$7.23
Slippage, 4 orders: −$6.17
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.67
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from Nado: live order book, 3 min ago; Deribit: live order book, 3 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, 3 min ago	0.33 bp	5.1 bp −$5	12.1 bp −$121	44.1 bp −$4,410	doesn't fit
Sell Deribit live order book, 3 min ago	0.33 bp	5.6 bp −$6	7.6 bp −$76	52.4 bp −$5,242	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	1.5244	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5244	−0.010%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5240	−0.041%	$255K	—	150x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0013%	1h	1.5239	−0.046%	$7.8M	$25.5M	50x
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5230	−0.102%	$14.5M	$74.0M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.059%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0050% / S +0.0016%	1h	1.5238	−0.050%	$782K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5232	−0.092%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5236	−0.066%	$499K	$3.3M	20x	as long as short
Orderly PERP_XRP_USDC	+0.0097%	8h	1.5239	−0.046%	$62K	$934K	50x	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	+0.0098%	8h	1.5239	−0.046%	$15K	$341K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5246	long leg	$1.1M	$6.0M	20x
Aster XRPUSDT	+0.0100%	8h	1.5240	−0.039%	$38.6M	$84.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5245	−0.006%	$612K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5234	−0.076%	$535.5M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5233	−0.086%	$348.8M	$940.8M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5233	−0.086%	$127.7M	$887.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.473%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5246	0.000%	$119K	$706K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.427%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5229	−0.112%	$372.7M	$153.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5232	−0.092%	$291.1M	$897.6M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5230	−0.108%	$108.8M	$176.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5231	−0.099%	$269.6M	$388.0M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5231	−0.099%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5243	−0.021%	$4.8M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5193	−0.350%	$660K	$109.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5221	−0.166%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5206	−0.263%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5239	−0.043%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5245	−0.007%	$44K	$455K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5245	−0.007%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5239	−0.047%	$820K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5241	−0.034%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5235	−0.072%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5244	−0.013%	$49.9M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5225	−0.138%	$54.3M	$31.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5245	−0.009%	$475K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5234	−0.078%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5237	−0.063%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5250	+0.026%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5244	−0.013%	$5.7M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5247	+0.008%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5224	−0.145%	$24.2M	$76.0M	125x	as long as short
Hyperliquid XRP	+0.0224%	1h	1.5248	+0.013%	$292.8M	$234.1M	20x	as long as short
Hibachi XRP/USDT-P	+0.0240%	1h	1.5224	−0.142%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0326%	1h	1.5243	−0.020%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0357%	8h	1.5245	−0.007%	$2.1M	$35.1M	2.9x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5248	+0.010%	$519K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5160	−0.564%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0627%	1h	1.5183	−0.416%	$2K	$15K	10x	as long as short