Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Nado+0.089%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$300.299% of the position

Long on Nado Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days−0.139%−$14 · spread now +0.089%, 7d avg −0.030%

Together, before fees−0.136%+ Points / potential airdropNado: Active · farm board−$14 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: Gate is 0.119% dearer against Nado than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5187	0.0100	pay 0.0012% / 1h	25m 17s	$896K	$5.9M	20x
Short	Gate XRP_USDT	1.5201	0.0100	get 0.0100% / 8h	6h 25m	$369.8M	$152.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.089%Rate

Funding earned: $0
Price spread: +0.089% → −0.030%: $11.85
Slippage, 4 orders: −$7.88
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$18.03
Costs to cover: 0.299%
Break-even: 1851967715721757.8 days

Slippage from Nado: live order book, 4 min ago; Gate: 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	0.33 bp	4.0 bp −$4	8.4 bp −$84	42.3 bp −$4,229	doesn't fit
Sell Gate live order book, 4 min ago	0.33 bp	10.6 bp −$11	14.5 bp −$145	26.7 bp −$2,674	36.1 bp −$18.1K

XRP on 50 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	1.5195	+0.049%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5185	−0.018%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5210	+0.148%	$68K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5199	+0.074%	$254K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0020% / S +0.0059%	1h	1.5197	+0.065%	$803K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.453%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5193	+0.034%	$14.6M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5201	+0.089%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5199	+0.076%	$7.7M	$25.2M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5197	+0.060%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5200	+0.082%	$518K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5184	−0.023%	$11K	$307K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5187	long leg	$896K	$5.9M	20x
Aster XRPUSDT	+0.0100%	8h	1.5199	+0.076%	$38.7M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5193	+0.037%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5203	+0.100%	$539.2M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5202	+0.095%	$342.3M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5200	+0.082%	$124.8M	$874.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5174	−0.089%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5198	+0.069%	$115K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.013%	$1.6M	$330K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5201	+0.089%	$369.8M	$152.3M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5199	+0.076%	$291.8M	$912.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5199	+0.075%	$107.4M	$171.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5196	+0.056%	$266.5M	$383.8M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5201	+0.089%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5199	+0.076%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5184	−0.025%	$659K	$108.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5181	−0.042%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5179	−0.056%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5199	+0.075%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5200	+0.082%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	+0.090%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5199	+0.073%	$818K	$76K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5198	+0.070%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5196	+0.056%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5197	+0.062%	$49.8M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5195	+0.049%	$54.1M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5197	+0.062%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5193	+0.039%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5197	+0.063%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0128%	1h	1.5195	+0.049%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5196	+0.058%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5199	+0.076%	$5.7M	$46.8M	50x	as long as short
Hyperliquid XRP	+0.0219%	1h	1.5208	+0.135%	$281.4M	$223.5M	20x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5203	+0.102%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0358%	8h	1.5199	+0.076%	$2.1M	$35.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0364%	1h	1.5215	+0.181%	$1.9M	$1.3M	25x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5198	+0.070%	$535K	$785K	10x	as long as short
Aftermath Perps XRPUSD	+0.0756%	1h	1.5174	−0.088%	$2K	$14K	10x	as long as short