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

XRP

all XRP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRnext payment $0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Nado against Bulk−0.342%7-day average +0.017% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$52as in the Price arb table
costs, in and out, $10k−$160.165% 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 7 days+0.391%+$39 · spread now −0.342%, 7d avg +0.017%
Together, before fees+0.391%+ Points / potential airdropNado: Active · farm board+$39 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 0.359% cheaper against Bulk than usual: you would sell low and buy high, −$36 on $10k if it goes back to its 7-day average of +0.017%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk XRP-USD1.51900.0100pay 0.0013% / 1h18m 15s$1.6M$330K20x
ShortNado XRP-PERP1.51370.0100get 0.0012% / 1h18m 15s$934K$6.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Bulk. 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: −0.342% → +0.017%
−$35.9
Slippage, 4 orders
−$2.46
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$52.36
Costs to cover
0.165%
Break-even
never at this rate
Slippage from Bulk: live order book, 1 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 Bulk live order book, 1 min ago0.66 bp4.2 bp −$45.5 bp −$558.6 bp −$86321.2 bp −$10.6K
Sell Nado live order book, 1 min ago0.33 bp4.3 bp −$49.8 bp −$9840.9 bp −$4,089doesn't fit

XRP on 50 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%1h1.5146−0.286%$5K$3K20xas long as short
dYdX XRP-USD0.0000%1h1.5152−0.250%$1.1M$110K10xas long as short
Phoenix XRP0.0000%1h1.5170−0.128%$67K$110K15xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5143−0.308%$253K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0022% / S +0.0057%1h1.5141−0.321%$800K200xas long as short
Injective XRP/USDC PERP+0.0033%1h1.5560+2.439%$2K$107K30xas long as short
Kraken Futures PF_XRPUSD+0.0040%1h1.5141−0.322%$14.5M$72.7M50xas long as short
Orderly PERP_XRP_USDC+0.0072%8h1.5139−0.332%$62K$953K50xas long as short
Deribit XRP_USDC-PERPETUAL+0.0080%1h1.5146−0.286%$7.6M$25.3M50xas long as short
Lighter XRP+0.0096%1h1.5145−0.294%$2.8M$14.3M20xas long as short
Show all 50 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5146−0.286%$511K$3.3M20xas long as short
Katana Perps XRP-USD+0.0100%8h1.5124−0.431%$10K$307K20xas long as short
Nado XRP-PERPshort+0.0100%1h1.5137−0.342%$934K$6.0M20x
Aster XRPUSDT+0.0100%8h1.5136−0.354%$38.5M$84.2M100xas long as short
Pacifica XRP+0.0100%1h1.5156−0.222%$609K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5140−0.323%$537.0M$2.11B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5131−0.385%$340.7M$940.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5131−0.385%$124.2M$871.2M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5130−0.392%$564K$28K5xas long as short
Arcus XRP-USD+0.0100%1h1.5139−0.332%$114K$701K20xas long as short
Bulk XRP-USDlong+0.0100%1h1.5190long leg$1.6M$330K20x
Gate XRP_USDT+0.0100%8h1.5127−0.411%$368.0M$152.7M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5129−0.398%$289.7M$915.3M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5141−0.321%$107.0M$171.4M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5128−0.405%$266.5M$384.5M125xas long as short
BingX XRP-USDT+0.0100%8h1.5127−0.411%$126.9Mas long as short
Variational Omni XRP+0.0100%8h1.5151−0.255%$6.2M$35.7Mas long as short
edgeX XRPUSDC+0.0100%4h1.5154−0.236%$658K$109.2M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5186−0.023%$1.1M$37.0M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5155−0.227%$1.2M$1.0M50xas long as short
Vest XRP-PERP+0.0100%1h1.5141−0.322%$11K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5136−0.352%$44K$445K20xas long as short
Bullet XRP-USD+0.0100%1h1.5144−0.299%$41K$68K20xas long as short
Derive XRP-PERP+0.0100%1h1.5142−0.311%$815K$75K10xas long as short
SunX XRP-USDT+0.0100%8h1.5142−0.312%$127K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5143−0.306%$29K$1.7M10xas long as short
HTX XRP-USDT+0.0100%8h1.5145−0.295%$49.6M$15.4M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5133−0.372%$53.8M$29.8M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5156−0.219%$473K$55K50xas long as short
Extended XRP-USD+0.0104%1h1.5139−0.329%$2.0M$6.9M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5139−0.333%$58K$25K3xas long as short
01 Exchange XRPUSD+0.0136%1h1.5131−0.385%$8K$8K10xas long as short
Hyperliquid XRP+0.0190%1h1.5137−0.346%$280.2M$222.0M20xas long as short
Reya XRPRUSDPERP+0.0214%1h1.5133−0.375%$1.3M$7K15xas long as short
Coinbase International XRP-PERP-INTX+0.0216%1h1.5149−0.267%$5.7M$46.7M50xas long as short
Hibachi XRP/USDT-P+0.0320%1h1.5132−0.378%$17K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0343%1h1.5138−0.339%$1.9M$1.3M25xas long as short
Kalshi KXXRPPERP+0.0361%8h1.5146−0.286%$2.1M$35.7M2.9xas long as short
RISEx XRP/USDC+0.0456%1h1.5134−0.368%$529K$787K10xas long as short
Aftermath Perps XRPUSD+0.0756%1h1.5153−0.239%$2K$14K10xas long as short