Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Nado against BingX+0.055%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on BingX Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 7 days+0.013%+$1 · spread now +0.055%, 7d avg +0.031%

Together, before fees+0.018%+ 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 0.024% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX XRP-USDT	1.5579	0.0100	pay 0.0100% / 8h	44m 07s	—	$120.7M	—
Short	Nado XRP-PERP	1.5587	0.0100	get 0.0012% / 1h	44m 07s	$1.1M	$5.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now +0.055%Rate

Funding earned: $0
Price spread: +0.055% → +0.031%: $2.4
Slippage, 4 orders: −$2.98
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$17.59
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; Nado: live order book, 5 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 BingX live order book, 10 min ago	0.96 bp	6.0 bp −$6	6.5 bp −$65	9.1 bp −$911	18.1 bp −$9,075
Sell Nado live order book, 5 min ago	0.32 bp	3.8 bp −$4	8.0 bp −$80	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	1.5580	+0.006%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5578	−0.010%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5620	+0.263%	$70K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5590	+0.071%	$9.7M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5583	+0.028%	$261K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0105%	1h	1.5583	+0.023%	$857K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0031%	1h	1.5584	+0.029%	$15.6M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0056%	8h	1.5586	+0.045%	$77K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	−0.122%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5582	+0.021%	$3.0M	$12.6M	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	1.5584	+0.032%	$444K	$3.1M	20x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5587	+0.055%	$1.1M	$5.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5585	+0.041%	$39.6M	$80.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5581	+0.013%	$641K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5575	−0.027%	$557.8M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5574	−0.032%	$347.7M	$915.3M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5574	−0.032%	$127.4M	$890.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5568	−0.071%	$579K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5579	0.000%	$117K	$752K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5633	+0.347%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5581	+0.013%	$375.2M	$143.8M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5579	0.000%	$300.2M	$869.5M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5584	+0.035%	$113.4M	$163.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5579	0.000%	$272.5M	$370.1M	125x	as long as short
BingX XRP-USDTlong	+0.0100%	8h	1.5579	long leg	—	$120.7M	—
Variational Omni XRP	+0.0100%	8h	1.5624	+0.286%	$11.7M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5593	+0.089%	$677K	$103.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5605	+0.167%	$1.1M	$40.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5567	−0.077%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5588	+0.055%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5588	+0.058%	$48K	$453K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5586	+0.042%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5587	+0.054%	$839K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5584	+0.030%	$131K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5584	+0.032%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5588	+0.060%	$51.2M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5580	+0.006%	$55.4M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5575	−0.025%	$486K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5591	+0.077%	$13K	$266K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5585	+0.037%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5588	+0.058%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5588	+0.058%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5585	+0.036%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5598	+0.122%	$24.5M	$74.6M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5589	+0.064%	$5.9M	$47.8M	50x	as long as short
Hibachi XRP/USDT-P	+0.0264%	1h	1.5633	+0.346%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0317%	8h	1.5594	+0.096%	$2.0M	$33.9M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0372%	1h	1.5587	+0.051%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0622%	1h	1.5598	+0.122%	$296.9M	$209.1M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5591	+0.075%	$508K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0813%	1h	1.5602	+0.150%	$1K	$11K	10x	as long as short