Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Gate−0.071%7-day average +0.027% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$290.294% of the position

Long on Gate Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 7 days+0.134%+$13 · spread now −0.071%, 7d avg +0.027%

Together, before fees+0.136%+ Points / potential airdropNado: Active · farm board+$14 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 0.097% cheaper against Gate than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate XRP_USDT	1.5171	0.0100	pay 0.0100% / 8h	2h 06m	$374.9M	$161.9M	100x
Short	Nado XRP-PERP	1.5160	0.0100	get 0.0012% / 1h	6m 08s	$1.0M	$6.4M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Gate. 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 GatebpFee NadobpOrdersPrice spread, now −0.071%Rate

Funding earned: $0
Price spread: −0.071% → +0.027%: −$9.74
Slippage, 4 orders: −$7.4
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$39.14
Costs to cover: 0.294%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Nado: live order book, 3 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 Gate live order book, 3 min ago	0.33 bp	10.8 bp −$11	12.6 bp −$126	24.4 bp −$2,436	35.7 bp −$17.8K
Sell Nado live order book, 3 min ago	0.33 bp	4.5 bp −$5	8.9 bp −$89	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	1.5172	+0.007%	$5K	$3K	20x	as long as short
Kraken Futures PF_XRPUSD	−0.0001%	1h	1.5173	+0.015%	$14.4M	$74.9M	50x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5160	−0.074%	$1.1M	$148K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5180	+0.059%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5167	−0.025%	$245K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.564%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0074% / S −0.0019%	1h	1.5167	−0.024%	$800K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5174	+0.020%	$7.7M	$25.5M	50x	as long as short
01 Exchange XRPUSD	+0.0088%	1h	1.5172	+0.007%	$8K	$8K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5174	+0.019%	$2.8M	$15.1M	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	1.5175	+0.026%	$548K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5166	−0.033%	$11K	$362K	20x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5160	−0.071%	$1.0M	$6.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5170	−0.007%	$38.5M	$87.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5166	−0.033%	$603K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5171	+0.003%	$527.4M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5171	0.000%	$344.9M	$966.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5171	0.000%	$126.6M	$891.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5159	−0.079%	$564K	$35K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5175	+0.026%	$143K	$717K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5132	−0.258%	$1.6M	$5K	20x	as long as short
Gate XRP_USDTlong	+0.0100%	8h	1.5171	long leg	$374.9M	$161.9M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5169	−0.013%	$298.4M	$928.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5172	+0.009%	$107.2M	$181.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5172	+0.007%	$266.7M	$399.2M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5170	−0.007%	—	$106.1M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5143	−0.186%	$4.6M	$38.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5138	−0.216%	$657K	$113.8M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5148	−0.152%	$1.1M	$37.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5147	−0.158%	$1.2M	$1.2M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5171	+0.002%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5173	+0.013%	$51K	$488K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5167	−0.025%	$41K	$70K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5169	−0.013%	$62K	$932K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5171	−0.001%	$816K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5173	+0.013%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5169	−0.013%	$29K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5171	+0.003%	$49.6M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5166	−0.033%	$54.1M	$32.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5176	+0.032%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5164	−0.044%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5169	−0.016%	$58K	$25K	3x	as long as short
Hyperliquid XRP	+0.0145%	1h	1.5185	+0.092%	$289.8M	$264.2M	20x	as long as short
Hibachi XRP/USDT-P	+0.0184%	1h	1.5172	+0.005%	$17K	$82K	7x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5178	+0.046%	$5.7M	$48.6M	50x	as long as short
Backpack XRP_USDC_PERP	+0.0208%	1h	1.5182	+0.073%	$2.0M	$1.4M	25x	as long as short
Kalshi KXXRPPERP	+0.0218%	8h	1.5171	0.000%	$1.7M	$35.5M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0218%	1h	1.5166	−0.032%	$1.3M	$5K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5165	−0.040%	$23.2M	$77.5M	125x	as long as short
RISEx XRP/USDC	+0.0305%	1h	1.5174	+0.023%	$518K	$790K	10x	as long as short
Aftermath Perps XRPUSD	+0.0583%	1h	1.5144	−0.177%	$2K	$16K	10x	as long as short