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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: SoDEX against Nado+0.142%47s7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$180.177% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.008%−$1 on $10k
Price spread, last 3 days (all we have)−0.184%−$18 · spread now +0.142%, 7d avg −0.006%
Together, before fees−0.192%+ Points / potential airdropNado: Active · farm board−$19 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: SoDEX is 0.149% dearer against Nado than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of −0.006%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado XRP-PERP1.51170.0100pay 0.0012% / 1h42m 34s$880K$5.8M20x
ShortSoDEX XRP-USD1.51390.0100get 0.0013% / 1h42m 34s$29K$1.8M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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
$0
Price spread: +0.142% → −0.006%
$14.86
Slippage, 4 orders
−$2.71
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$2.84
Costs to cover
0.177%
Break-even
292243287341453.8 days
Slippage from Nado: live order book, 1 min ago; SoDEX: live order book, 1 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, 1 min ago0.33 bp4.9 bp −$514.0 bp −$140doesn't fitdoesn't fit
Sell SoDEX live order book, 1 min ago0.33 bp4.3 bp −$47.0 bp −$70doesn't fitdoesn'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%1h1.5114−0.023%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5109−0.056%$1.1M$120K10xas long as short
Phoenix XRP0.0000%1h1.5160+0.281%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5139+0.144%$253K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0023% / S +0.0065%1h1.5142+0.165%$830K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.927%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5135+0.117%$14.6M$72.4M50xas long as short
Orderly PERP_XRP_USDC+0.0069%8h1.5137+0.129%$57K$945K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5139+0.142%$9.0M$25.0M50xas long as short
Lighter XRP+0.0096%1h1.5113−0.030%$2.8M$14.1M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5115−0.017%$517K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5105−0.083%$10K$306K20xas long as short
Nado XRP-PERPlong+0.0100%1h1.5117long leg$880K$5.8M20x
Aster XRPUSDT+0.0100%8h1.5112−0.035%$38.3M$84.5M100xas long as short
Pacifica XRP+0.0100%1h1.5116−0.013%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5110−0.051%$534.9M$2.10B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5107−0.069%$336.4M$939.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5109−0.056%$123.6M$869.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5084−0.222%$564K$27K5xas long as short
Arcus XRP-USD+0.0100%1h1.5115−0.017%$115K$723K20xas long as short
Bulk XRP-USD+0.0100%1h1.5183+0.432%$1.6M$305K20xas long as short
Gate XRP_USDT+0.0100%8h1.5109−0.056%$367.5M$150.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5114−0.023%$291.0M$900.8M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5112−0.038%$108.0M$171.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5106−0.076%$264.1M$384.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5108−0.063%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5155+0.249%$6.2M$35.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5178+0.401%$660K$108.5M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5150+0.214%$1.1M$38.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5185+0.447%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5117−0.002%$12K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5152+0.228%$45K$453K20xas long as short
Bullet XRP-USD+0.0100%1h1.5150+0.217%$41K$69K20xas long as short
Derive XRP-PERP+0.0100%1h1.5139+0.144%$815K$74K10xas long as short
SunX XRP-USDT+0.0100%8h1.5155+0.247%$127K$1.8M30xas long as short
SoDEX XRP-USDshort+0.0100%1h1.5139+0.142%$29K$1.8M10x
HTX XRP-USDT+0.0100%8h1.5135+0.114%$49.6M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5130+0.083%$53.7M$29.5M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5113−0.031%$471K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5102−0.104%$2.0M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5136+0.126%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5110−0.050%$8K$8K10xas long as short
Hyperliquid XRP+0.0171%1h1.5126+0.056%$280.0M$223.8M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5148+0.204%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5145+0.182%$5.7M$46.5M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5193+0.499%$24.0M$75.2M125xas long as short
Hibachi XRP/USDT-P+0.0328%1h1.5141+0.158%$17K$82K7xas long as short
Kalshi KXXRPPERP+0.0335%8h1.5156+0.255%$2.1M$36.0M2.9xas long as short
Backpack XRP_USDC_PERP+0.0358%1h1.5134+0.109%$1.9M$1.3M25xas long as short
RISEx XRP/USDC+0.0456%1h1.5110−0.048%$535K$782K10xas long as short
Aftermath Perps XRPUSD+0.0797%1h1.5163+0.304%$2K$14K10xas long as short