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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Polymarket Perps−0.043%7-day average −0.012% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$220.215% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)0.000%$0 on $10k
Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.043%, 7d avg −0.012%
Together, before fees+0.022%+ Points / potential airdropNado: Active · farm board+$2 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: Nado is 0.030% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.012%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps XRP-USD1.51560.0100pay 0.0013% / 1h31m 53s$47K$489K20x
ShortNado XRP-PERP1.51490.0100get 0.0012% / 1h31m 53s$978K$6.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Polymarket Perps. 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: −0.043% → −0.012%
−$3.04
Slippage, 4 orders
−$6.5
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$24.54
Costs to cover
0.215%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 11 min ago; Nado: live order book, 2 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 Polymarket Perps live order book, 11 min ago1.98 bp6.6 bp −$78.8 bp −$88doesn't fitdoesn't fit
Sell Nado live order book, 2 min ago0.33 bp3.8 bp −$410.2 bp −$102doesn'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%1h1.5168+0.079%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5159+0.020%$1.1M$148K10xas long as short
Phoenix XRP0.0000%1h1.5170+0.092%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5147−0.063%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5152−0.026%$7.7M$24.9M50xas long as short
Kraken Futures PF_XRPUSD+0.0025%1h1.5150−0.043%$14.4M$75.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.666%$2K$107K30xas long as short
GMX XRP/USD [ETH-USDC]L +0.0084% / S −0.0033%1h1.5152−0.027%$799K200xas long as short
Lighter XRP+0.0096%1h1.5150−0.040%$2.8M$15.1M20xas long as short
Lighter RH XRP+0.0096%1h1.5151−0.033%$544K$3.2M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
01 Exchange XRPUSD+0.0096%1h1.5161+0.033%$8K$2K10xas long as short
Katana Perps XRP-USD+0.0099%8h1.5153−0.020%$10K$371K20xas long as short
Nado XRP-PERPshort+0.0100%1h1.5149−0.043%$978K$6.4M20x
Aster XRPUSDT+0.0100%8h1.5153−0.020%$38.5M$87.8M100xas long as short
Pacifica XRP+0.0100%1h1.5159+0.021%$616K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5156−0.003%$531.3M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5151−0.033%$345.6M$962.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5151−0.033%$127.2M$882.8M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5151−0.033%$564K$32K5xas long as short
Arcus XRP-USD+0.0100%1h1.5162+0.040%$143K$714K20xas long as short
Gate XRP_USDT+0.0100%8h1.5153−0.020%$376.1M$160.2M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5154−0.013%$300.1M$923.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5151−0.035%$107.4M$181.9M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5152−0.026%$267.3M$397.3M125xas long as short
BingX XRP-USDC+0.0100%8h1.5149−0.046%$4.2Mas long as short
Variational Omni XRP+0.0100%8h1.5146−0.067%$4.7M$38.5Mas long as short
edgeX XRPUSDC+0.0100%4h1.5160+0.026%$660K$113.7M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5158+0.013%$1.1M$36.6M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5169+0.086%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5158+0.016%$15K10xas long as short
Polymarket Perps XRP-USDlong+0.0100%1h1.5156long leg$47K$489K20x
Bullet XRP-USD+0.0100%1h1.5156+0.001%$41K$71K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5152−0.026%$65K$774K50xas long as short
Derive XRP-PERP+0.0100%1h1.5148−0.050%$815K$72K10xas long as short
SunX XRP-USDT+0.0100%8h1.5159+0.020%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5149−0.046%$28K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5169+0.083%$49.5M$15.6M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5150−0.040%$54.2M$32.5M50xas long as short
Bulk XRP-USD+0.0100%1h1.5157+0.007%$1.6M$5K20xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5158+0.012%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5148−0.054%$2.1M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5149−0.048%$58K$25K3xas long as short
Hibachi XRP/USDT-P+0.0152%1h1.5142−0.089%$17K$79K7xas long as short
Backpack XRP_USDC_PERP+0.0168%1h1.5158+0.013%$2.0M$1.4M25xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5159+0.020%$5.7M$48.3M50xas long as short
Hyperliquid XRP+0.0180%1h1.5165+0.059%$288.4M$264.7M20xas long as short
Kalshi KXXRPPERP+0.0206%8h1.5159+0.020%$1.7M$35.2M2.9xas long as short
Reya XRPRUSDPERP+0.0219%1h1.5149−0.044%$1.3M$5K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5170+0.092%$23.6M$77.9M125xas long as short
RISEx XRP/USDC+0.0316%1h1.5160+0.026%$524K$798K10xas long as short
Aftermath Perps XRPUSD+0.0599%1h1.5161+0.031%$2K$16K10xas long as short