Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against Nado−0.029%7-day average +0.022% · 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−$61as in the Price arb table

costs, in and out, $10k−$560.558% of the position

Long on Nado Short on SunX

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 4 days (all we have)−0.023%−$2 · spread now −0.029%, 7d avg +0.022%

Together, before fees−0.025%+ Points / potential airdropNado: 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: SunX is 0.051% cheaper against Nado than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5145	0.0100	pay 0.0012% / 1h	56m 15s	$999K	$6.4M	20x
Short	SunX XRP-USDT	1.5141	0.0100	get 0.0100% / 8h	1h 56m	$127K	$1.8M	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.022%: −$5.13
Slippage, 4 orders: −$40.8
Fee Nado: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$60.93
Costs to cover: 0.558%
Break-even: 6260035053686011.0 days

Slippage from Nado: live order book, 3 min ago; SunX: live order book, 10 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	3.8 bp −$4	8.0 bp −$80	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	16.29 bp	27.6 bp −$28	35.5 bp −$355	doesn't fit	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	1.5158	+0.083%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5136	−0.061%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.096%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5140	−0.039%	$245K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5146	+0.003%	$7.7M	$25.2M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0025%	1h	1.5136	−0.063%	$14.4M	$75.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.737%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0077% / S −0.0023%	1h	1.5139	−0.042%	$798K	—	200x	as long as short
01 Exchange XRPUSD	+0.0080%	1h	1.5141	−0.030%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5139	−0.046%	$2.8M	$15.0M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5140	−0.036%	$548K	$3.2M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5134	−0.076%	$11K	$363K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5145	long leg	$999K	$6.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5140	−0.033%	$38.4M	$87.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5139	−0.045%	$602K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5140	−0.035%	$526.7M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5140	−0.036%	$343.9M	$967.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5142	−0.023%	$126.9M	$890.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5154	+0.056%	$564K	$32K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5150	+0.030%	$143K	$718K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5166	+0.135%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5141	−0.030%	$374.8M	$157.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5143	−0.017%	$296.8M	$916.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5143	−0.018%	$107.2M	$182.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5140	−0.036%	$266.4M	$399.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5142	−0.023%	—	$106.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5155	+0.061%	$4.7M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5133	−0.085%	$659K	$114.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5156	+0.068%	$1.1M	$36.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5165	+0.129%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5147	+0.013%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5148	+0.017%	$46K	$491K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5140	−0.037%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5141	−0.030%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5139	−0.045%	$815K	$73K	10x	as long as short
SunX XRP-USDTshort	+0.0100%	8h	1.5141	−0.029%	$127K	$1.8M	30x
SoDEX XRP-USD	+0.0100%	1h	1.5136	−0.063%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5142	−0.023%	$49.5M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5139	−0.043%	$54.0M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5153	+0.048%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5138	−0.052%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5141	−0.027%	$58K	$25K	3x	as long as short
Hibachi XRP/USDT-P	+0.0168%	1h	1.5152	+0.040%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5147	+0.010%	$5.7M	$48.4M	50x	as long as short
Hyperliquid XRP	+0.0196%	1h	1.5154	+0.056%	$289.2M	$264.5M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0207%	1h	1.5153	+0.050%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0209%	8h	1.5162	+0.109%	$1.8M	$35.4M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5142	−0.022%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5141	−0.030%	$23.3M	$77.6M	125x	as long as short
RISEx XRP/USDC	+0.0316%	1h	1.5146	+0.001%	$517K	$792K	10x	as long as short
Aftermath Perps XRPUSD	+0.0572%	1h	1.5151	+0.039%	$2K	$16K	10x	as long as short