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 0.000%

Price spread now: Variational Omni against Nado−0.127%7-day average −0.029% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Variational Omni

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+0.101%+$10 · spread now −0.127%, 7d avg −0.029%

Together, before fees+0.098%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board+$10 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: Variational Omni is 0.098% cheaper against Nado than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5340	0.0100	pay 0.0012% / 1h	25m 08s	$1.1M	$5.2M	20x
Short	Variational Omni XRP	1.5321	0.0100	get 0.0100% / 8h	2h 25m	$6.3M	$24.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.127%Rate

Funding earned: $0
Price spread: −0.127% → −0.029%: −$9.85
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$16.85
Costs to cover: 0.070%
Break-even: 1730830736971446.0 days

Slippage unknown: Nado: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.

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	0.66 bp	4.4 bp −$4	9.2 bp −$92	42.6 bp −$4,258	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.03 bp	doesn't fit	2.9 bp −$29	26.7 bp −$2,671	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
GMX XRP/USD [ETH-USDC]	L −0.0210% / S +0.0297%	1h	1.5329	−0.078%	$1.7M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.5265	−0.492%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5323	−0.116%	$1.1M	$99K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5320	−0.134%	$68K	$89K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5324	−0.108%	$9.2M	$24.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5329	−0.077%	$257K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−0.329%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0046%	8h	1.5321	−0.127%	$178K	$788K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5323	−0.113%	$3.0M	$11.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5324	−0.108%	$445K	$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	1.5340	long leg	$1.1M	$5.2M	20x
Aster XRPUSDT	+0.0100%	8h	1.5324	−0.106%	$38.9M	$71.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5327	−0.086%	$667K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5343	+0.014%	$548.6M	$1.84B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5346	+0.036%	$343.5M	$836.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5345	+0.029%	$123.6M	$833.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5297	−0.284%	$569K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5341	+0.003%	$115K	$647K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5201	−0.908%	$1.6M	$350K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5333	−0.049%	$367.7M	$131.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5330	−0.068%	$288.7M	$806.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5319	−0.138%	$113.5M	$147.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5335	−0.036%	$266.6M	$339.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5333	−0.049%	—	$113.5M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5321	−0.127%	$6.3M	$24.4M	—
edgeX XRPUSDC	+0.0100%	4h	1.5269	−0.464%	$665K	$95.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5309	−0.209%	$1.1M	$41.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5280	−0.394%	$1.0M	$850K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5346	+0.036%	$49K	$475K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5330	−0.067%	$42K	$59K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5321	−0.126%	$825K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5326	−0.093%	$128K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5320	−0.134%	$29K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5326	−0.098%	$50.4M	$14.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5323	−0.114%	$54.8M	$28.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5334	−0.039%	$478K	$54K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5333	−0.052%	—	$10K	10x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5345	+0.029%	$11K	$235K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5321	−0.126%	$2.1M	$7.2M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5320	−0.132%	$71K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5345	+0.029%	$8K	$8K	10x	as long as short
Backpack XRP_USDC_PERP	+0.0155%	1h	1.5345	+0.029%	$1.7M	$925K	25x	as long as short
Kraken Futures PF_XRPUSD	+0.0170%	1h	1.5324	−0.105%	$15.4M	$63.8M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5331	−0.062%	$5.4M	$43.7M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5343	+0.018%	$1.4M	$10K	15x	as long as short
Kalshi KXXRPPERP	+0.0212%	8h	1.5330	−0.068%	$1.7M	$31.6M	2.9x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5332	−0.055%	$23.8M	$67.3M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5321	−0.125%	$19K	$55K	7x	as long as short
RISEx XRP/USDC	+0.0431%	1h	1.5346	+0.034%	$404K	$497K	10x	as long as short
Hyperliquid XRP	+0.0470%	1h	1.5349	+0.055%	$282.6M	$182.0M	20x	as long as short
Aftermath Perps XRPUSD	+0.0530%	1h	1.5269	−0.469%	$1K	$11K	10x	as long as short