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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.2% APRnext payment $0.15 per $10,000 · paid last 24h −0.033%
Price spread now: Nado against Reya+0.054%7-day average +0.053% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.115%−$12 on $10k
Price spread, last 7 days+0.008%+$1 · spread now +0.054%, 7d avg +0.053%
Together, before fees−0.107%+ Points / potential airdropReya: Active · Nado: Active · farm board−$11 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.053%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya XRPRUSDPERP1.51570.0220pay 0.0028% / 1h18m 13s$1.3M$4K15x
ShortNado XRP-PERP1.51660.0100get 0.0012% / 1h18m 13s$998K$6.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Reya. 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
−$25.24
Price spread: +0.054% → +0.053%
$0.13
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$38.12
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Nado: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample
Sell Nado live order book, 1 min ago0.33 bp3.9 bp −$49.5 bp −$95doesn't fitdoesn't fit
Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h1.5175+0.117%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5179+0.144%$1.1M$148K10xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5161+0.026%$245K150xas long as short
Deribit XRP_USDC-PERPETUAL+0.0014%1h1.5171+0.090%$7.8M$24.1M50xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.657%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5168+0.069%$14.5M$73.8M50xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5179+0.143%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5164+0.044%$2.8M$15.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5167+0.064%$604K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5161+0.024%$20K$383K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERPshort+0.0100%1h1.5166+0.054%$998K$6.3M20x
Aster XRPUSDT+0.0100%8h1.5166+0.057%$38.5M$86.6M100xas long as short
Pacifica XRP+0.0100%1h1.5176+0.125%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5163+0.035%$528.9M$2.22B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5161+0.024%$349.3M$953.2M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5160+0.018%$127.1M$866.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5179+0.143%$563K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5174+0.110%$143K$715K20xas long as short
Bulk XRP-USD+0.0100%1h1.5178+0.137%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5163+0.038%$375.8M$162.3M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5161+0.024%$307.0M$927.2M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5165+0.051%$106.6M$183.7M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5161+0.024%$268.6M$389.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5168+0.071%$4.1Mas long as short
Variational Omni XRP+0.0100%8h1.5131−0.174%$4.8M$38.8Mas long as short
edgeX XRPUSDC+0.0100%4h1.5115−0.277%$657K$113.6M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5140−0.115%$1.1M$34.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5118−0.259%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5168+0.071%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5164+0.044%$52K$515K20xas long as short
Bullet XRP-USD+0.0100%1h1.5163+0.035%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5166+0.057%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5167+0.062%$816K$76K10xas long as short
SunX XRP-USDT+0.0100%8h1.5167+0.067%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5166+0.057%$29K$1.6M10xas long as short
HTX XRP-USDT+0.0100%8h1.5162+0.031%$49.5M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5164+0.044%$54.0M$32.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5176+0.124%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5161+0.023%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5167+0.064%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5165+0.054%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0106% / S −0.0068%1h1.5162+0.031%$773K200xas long as short
Hyperliquid XRP+0.0142%1h1.5176+0.123%$289.8M$268.1M20xas long as short
Backpack XRP_USDC_PERP+0.0165%1h1.5173+0.104%$2.0M$1.4M25xas long as short
Kalshi KXXRPPERP+0.0172%8h1.5174+0.110%$1.8M$34.0M2.9xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5170+0.084%$5.6M$48.0M50xas long as short
BloFin XRP-USDT+0.0220%8h1.5175+0.117%$23.7M$77.7M125xas long as short
Reya XRPRUSDPERPlong+0.0220%1h1.5157long leg$1.3M$4K15x
RISEx XRP/USDC+0.0394%1h1.5169+0.075%$521K$807K10xas long as short
Phoenix XRP+0.0526%1h1.5150−0.048%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0601%1h1.5155−0.012%$2K$16K10xas long as short