Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Nado+0.250%49s7-day average −0.029% · 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—prices read too far apart to compare

costs, in and out, $10k−$210.208% of the position

Long on Nado Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 7 days−0.270%−$27 · spread now +0.250%, 7d avg −0.029%

Together, before fees−0.275%+ Points / potential airdropNado: Active · farm board−$28 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: OKX is 0.279% dearer against Nado than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5370	0.0100	pay 0.0012% / 1h	5m 39s	$1.0M	$5.9M	20x
Short	OKX XRP-USDT-SWAP	1.5408	0.0100	get 0.0100% / 8h	6h 05m	$125.1M	$843.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.250%Rate

Funding earned: $0
Price spread: +0.250% → −0.029%: $27.92
Slippage, 4 orders: −$3.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: $7.1
Costs to cover: 0.208%
Break-even: from the start

Slippage from Nado: live order book, 1 min ago; OKX: live order book, 2 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, 1 min ago	0.32 bp	4.3 bp −$4	11.7 bp −$117	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	0.32 bp	6.0 bp −$6	7.6 bp −$76	15.5 bp −$1,552	37.9 bp −$18.9K

XRP on 50 exchanges

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	1.5414	+0.290%	$5K	$4K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5369	−0.004%	$1.1M	$155K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5403	+0.218%	$7.9M	$21.7M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5398	+0.189%	$246K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0015%	1h	1.5411	+0.267%	$14.2M	$72.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+1.239%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0048%	1h	1.5418	+0.316%	$9K	$1K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5421	+0.335%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5425	+0.361%	$608K	$3.1M	20x	as long as short
Paradex XRP-USD-PERP	+0.0099%	8h	1.5423	+0.347%	$481K	$47K	50x	as long as short

Show all 50 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5408	+0.250%	$10K	$399K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5370	long leg	$1.0M	$5.9M	20x
Hyperliquid XRP	+0.0100%	1h	1.5425	+0.361%	$300.4M	$266.9M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5417	+0.311%	$39.6M	$81.8M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5421	+0.338%	$594K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5422	+0.342%	$537.5M	$2.09B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5412	+0.277%	$363.7M	$893.9M	100x	as long as short
OKX XRP-USDT-SWAPshort	+0.0100%	8h	1.5408	+0.250%	$125.1M	$843.6M	100x
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5398	+0.185%	$565K	$37K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5424	+0.355%	$166K	$683K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5421	+0.335%	$382.7M	$161.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5410	+0.264%	$316.7M	$921.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5415	+0.299%	$106.9M	$181.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5415	+0.296%	$273.4M	$358.3M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5415	+0.296%	—	$103.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5387	+0.114%	$5.2M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5379	+0.064%	$668K	$110.1M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5390	+0.135%	$1.1M	$31.2M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5400	+0.198%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5380	+0.067%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5374	+0.029%	$53K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5380	+0.068%	$42K	$65K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5388	+0.120%	$76K	$607K	50x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5381	+0.074%	$128K	$1.6M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5399	+0.192%	$32K	$1.5M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5379	+0.059%	$50.1M	$14.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5399	+0.192%	$55.0M	$33.2M	50x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5369	−0.002%	$1.6M	$25K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5409	+0.255%	$2.2M	$6.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5393	+0.153%	$59K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0112%	1h	1.5380	+0.070%	$17K	$76K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0120%	1h	1.5409	+0.257%	$5.5M	$45.2M	50x	as long as short
Kalshi KXXRPPERP	+0.0146%	8h	1.5393	+0.153%	$1.9M	$34.6M	2.9x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0162% / S −0.0343%	1h	1.5396	+0.170%	$610K	—	200x	as long as short
Backpack XRP_USDC_PERP	+0.0196%	1h	1.5408	+0.250%	$2.0M	$1.3M	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5400	+0.198%	$23.9M	$79.0M	125x	as long as short
Reya XRPRUSDPERP	+0.0223%	1h	1.5368	−0.010%	$1.4M	$1K	15x	as long as short
RISEx XRP/USDC	+0.0272%	1h	1.5372	+0.019%	$513K	$784K	10x	as long as short
Aftermath Perps XRPUSD	+0.0447%	1h	1.5385	+0.103%	$3K	$14K	10x	as long as short
Phoenix XRP	+0.0516%	1h	1.5390	+0.133%	$69K	$109K	15x	as long as short