Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.042%

Price spread now: edgeX against Nado−0.149%7-day average −0.059% · 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−$29as in the Price arb table

costs, in and out, $10k−$200.204% of the position

Long on Nado Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.145%−$14 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.149%, 7d avg −0.059%

Together, before fees−0.030%+ Points / potential airdropNado: Active · edgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.090% cheaper against Nado than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5486	0.0100	pay 0.0012% / 1h	11m 20s	$1.1M	$5.3M	20x
Short	edgeX XRPUSDC	1.5464	0.0100	get 0.0050% / 4h	2h 11m	$671K	$97.1M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.149%Rate

Funding earned: $0
Price spread: −0.149% → −0.059%: −$8.95
Slippage, 4 orders: −$4.4
Fee Nado: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$29.35
Costs to cover: 0.204%
Break-even: 3015481479186782.5 days

Slippage from Nado: live order book, 3 min ago; edgeX: 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	0.32 bp	4.3 bp −$4	12.0 bp −$120	62.8 bp −$6,275	doesn't fit
Sell edgeX live order book, 3 min ago	0.32 bp	5.4 bp −$5	5.5 bp −$55	8.5 bp −$848	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	1.5439	−0.307%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5452	−0.223%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5470	−0.107%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5468	−0.118%	$259K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0009%	1h	1.5466	−0.132%	$9.4M	$24.7M	50x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.269%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0047%	8h	1.5473	−0.087%	$80K	$933K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0075% / S +0.0171%	1h	1.5471	−0.103%	$911K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5469	−0.111%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5471	−0.100%	$447K	$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	1.5486	long leg	$1.1M	$5.3M	20x
Aster XRPUSDT	+0.0100%	8h	1.5475	−0.077%	$39.4M	$73.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5459	−0.179%	$671K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5472	−0.092%	$556.6M	$1.87B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5474	−0.081%	$348.8M	$850.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5465	−0.139%	$126.4M	$848.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5427	−0.384%	$574K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5475	−0.074%	$119K	$685K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5472	−0.097%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5472	−0.094%	$369.3M	$133.5M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5476	−0.068%	$291.8M	$818.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5487	+0.002%	$112.2M	$148.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5463	−0.152%	$267.9M	$346.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5473	−0.087%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5430	−0.366%	$6.7M	$24.7M	—	as long as short
edgeX XRPUSDCshort	+0.0100%	4h	1.5464	−0.149%	$671K	$97.1M	30x
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5436	−0.324%	$1.1M	$41.6M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5464	−0.145%	$1.0M	$871K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5491	+0.029%	$50K	$468K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5473	−0.090%	$42K	$60K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5437	−0.321%	$831K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5459	−0.180%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5460	−0.171%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5469	−0.111%	$50.9M	$14.9M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5473	−0.087%	$55.3M	$28.4M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5469	−0.110%	—	$10K	10x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5470	−0.106%	$482K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5481	−0.036%	$12K	$239K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5458	−0.187%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5463	−0.150%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0144%	1h	1.5487	+0.003%	$8K	$8K	10x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5466	−0.135%	$15.7M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5495	+0.055%	$5.7M	$45.1M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0193%	1h	1.5450	−0.236%	$1.8M	$953K	25x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5479	−0.049%	$1.4M	$10K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5480	−0.042%	$24.2M	$68.7M	125x	as long as short
Kalshi KXXRPPERP	+0.0284%	8h	1.5491	+0.029%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0288%	1h	1.5441	−0.296%	$19K	$66K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5487	+0.004%	$407K	$499K	10x	as long as short
Hyperliquid XRP	+0.0505%	1h	1.5505	+0.119%	$285.7M	$190.4M	20x	as long as short
Aftermath Perps XRPUSD	+0.0527%	1h	1.5444	−0.276%	$1K	$11K	10x	as long as short