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−0.0294%/8h= −32.2% APRnext payment $0.37 per $10,000 · paid last 24h −0.116%
Price spread now: Nado against RISEx−0.075%7-day average −0.022% · 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−$190.195% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.318%−$32 on $10k
Price spread, last 4 days (all we have)+0.438%+$44 · spread now −0.075%, 7d avg −0.022%
Together, before fees+0.120%+ Points / potential airdropNado: Active · farm board+$12 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Nado is 0.053% cheaper against RISEx than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.022%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx XRP/USDC1.51910.0394pay 0.0049% / 1h8m 10s$521K$798K10x
ShortNado XRP-PERP1.51790.0100get 0.0012% / 1h8m 10s$999K$6.3M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against RISEx. 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
−$61.81
Price spread: −0.075% → −0.022%
−$5.29
Slippage, 4 orders
−$6.46
Fee RISEx: 3 bp × 2 orders
−$6
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$86.56
Costs to cover
0.195%
Break-even
never at this rate
Slippage from RISEx: live order book, 30 min ago; Nado: 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 RISEx live order book, 30 min ago2.90 bp5.9 bp −$69.6 bp −$96doesn't fitdoesn't fit
Sell Nado live order book, 1 min ago0.33 bp3.8 bp −$48.1 bp −$81doesn'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%1h1.5189−0.011%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5185−0.036%$1.1M$148K10xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5183−0.050%$7.7M$24.0M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5185−0.036%$247K150xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.432%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0078%1h1.5176−0.097%$14.5M$73.6M50xas long as short
Hibachi XRP/USDT-P+0.0088%1h1.5190−0.002%$17K$78K7xas long as short
Lighter XRP+0.0096%1h1.5177−0.090%$2.8M$15.2M20xas long as short
Lighter RH XRP+0.0096%1h1.5180−0.070%$605K$3.2M20xas long as short
Katana Perps XRP-USD+0.0099%8h1.5180−0.070%$20K$382K20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Nado XRP-PERPshort+0.0100%1h1.5179−0.075%$999K$6.3M20x
Aster XRPUSDT+0.0100%8h1.5179−0.079%$38.5M$86.1M100xas long as short
Pacifica XRP+0.0100%1h1.5191+0.005%$611K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5178−0.084%$529.5M$2.21B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5175−0.103%$349.7M$948.6M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5177−0.090%$127.3M$863.1M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5172−0.123%$564K$33K5xas long as short
Arcus XRP-USD+0.0100%1h1.5193+0.016%$144K$714K20xas long as short
Bulk XRP-USD+0.0100%1h1.5189−0.011%$1.6M$13K20xas long as short
Gate XRP_USDT+0.0100%8h1.5184−0.044%$378.2M$162.8M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5179−0.076%$309.7M$929.6M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5176−0.096%$106.7M$183.2M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5177−0.090%$268.8M$388.6M125xas long as short
BingX XRP-USDT+0.0100%8h1.5179−0.076%$107.8Mas long as short
Variational Omni XRP+0.0100%8h1.5163−0.184%$4.8M$38.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5164−0.177%$660K$113.1M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5172−0.123%$1.1M$34.2M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5168−0.149%$1.2M$1.2M50xas long as short
Vest XRP-PERP+0.0100%1h1.5188−0.016%$15K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5186−0.030%$52K$514K20xas long as short
Bullet XRP-USD+0.0100%1h1.5186−0.033%$41K$69K20xas long as short
Orderly PERP_XRP_USDC+0.0100%8h1.5186−0.030%$77K$689K50xas long as short
Derive XRP-PERP+0.0100%1h1.5185−0.040%$817K$77K10xas long as short
SunX XRP-USDT+0.0100%8h1.5190−0.002%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5179−0.076%$29K$1.5M10xas long as short
HTX XRP-USDT+0.0100%8h1.5189−0.012%$49.6M$15.3M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5178−0.083%$54.1M$32.7M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5196+0.033%$474K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5176−0.096%$2.1M$6.9M50xas long as short
01 Exchange XRPUSD+0.0104%1h1.5190−0.004%$8K$2K10xas long as short
Aevo XRP-PERP+0.0104%1h1.5182−0.055%$58K$25K3xas long as short
GMX XRP/USD [ETH-USDC]L +0.0109% / S −0.0071%1h1.5185−0.038%$784K200xas long as short
Hyperliquid XRP+0.0143%1h1.5194+0.022%$290.0M$268.1M20xas long as short
Kalshi KXXRPPERP+0.0165%8h1.5189−0.011%$1.8M$33.7M2.9xas long as short
Coinbase International XRP-PERP-INTX+0.0176%1h1.5185−0.037%$5.6M$48.0M50xas long as short
Backpack XRP_USDC_PERP+0.0180%1h1.5188−0.017%$2.0M$1.4M25xas long as short
BloFin XRP-USDT+0.0220%8h1.5184−0.044%$23.6M$77.7M125xas long as short
Reya XRPRUSDPERP+0.0220%1h1.5180−0.071%$1.3M$4K15xas long as short
RISEx XRP/USDClong+0.0394%1h1.5191long leg$521K$798K10x
Phoenix XRP+0.0526%1h1.5170−0.136%$67K$110K15xas long as short
Aftermath Perps XRPUSD+0.0580%1h1.5179−0.074%$2K$16K10xas long as short