Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Arcus against Nado+0.058%7-day average −0.035% · 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−$9as in the Price arb table

costs, in and out, $10k−$180.179% of the position

Long on Nado Short on Arcus

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 3 days (all we have)−0.479%−$48 · spread now +0.058%, 7d avg −0.035%

Together, before fees−0.479%+ Points / potential airdropNado: Active · farm board−$48 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: Arcus is 0.093% dearer against Nado than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.4994	0.0100	pay 0.0012% / 1h	4m 06s	$1.0M	$5.1M	20x
Short	Arcus XRP-USD	1.5003	0.0100	get 0.0013% / 1h	4m 06s	$111K	$613K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Nado. 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 NadobpFee ArcusbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → −0.035%: $9.33
Slippage, 4 orders: −$6.37
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$8.54
Costs to cover: 0.179%
Break-even: 877532731944687.8 days

Slippage from Nado: live order book, 4 min ago; Arcus: live order book, 29 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 Nado live order book, 4 min ago	0.33 bp	3.8 bp −$4	7.5 bp −$75	45.5 bp −$4,554	doesn't fit
Sell Arcus live order book, 29 min ago	1.67 bp	4.8 bp −$5	11.3 bp −$113	32.8 bp −$3,283	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
GMX XRP/USD [ETH-USDC]	L −0.0208% / S +0.0294%	1h	1.5005	+0.072%	$1.6M	—	200x	as long as short
Hotstuff XRP-PERP	−0.0080%	1h	1.4997	+0.018%	$6K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5005	+0.072%	$1.1M	$101K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5021	+0.178%	$8.7M	$22.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5009	+0.096%	$242K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.4990	−0.028%	$2K	$62K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0049%	8h	1.5007	+0.085%	$178K	$779K	50x	as long as short
Vest XRP-PERP	+0.0086%	1h	1.4998	+0.027%	—	$9K	10x	as long as short
Lighter XRP	+0.0096%	1h	1.5015	+0.137%	$2.9M	$10.7M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5016	+0.145%	$571K	$2.4M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5003	+0.058%	$12K	$249K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.4994	long leg	$1.0M	$5.1M	20x
Aster XRPUSDT	+0.0100%	8h	1.5017	+0.149%	$38.3M	$68.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5004	+0.062%	$663K	$1.0M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5024	+0.201%	$528.9M	$1.75B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5024	+0.198%	$339.2M	$784.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5021	+0.178%	$125.1M	$789.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.4998	+0.025%	$559K	$45K	5x	as long as short
Arcus XRP-USDshort	+0.0100%	1h	1.5003	+0.058%	$111K	$613K	20x
Bulk XRP-USD	+0.0100%	1h	1.5015	+0.138%	$1.6M	$139K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5020	+0.172%	$349.2M	$127.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5016	+0.145%	$310.4M	$771.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5011	+0.112%	$110.8M	$137.8M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5017	+0.152%	$259.3M	$321.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5019	+0.165%	—	$3.6M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5029	+0.235%	$6.7M	$21.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5058	+0.426%	$654K	$89.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5028	+0.224%	$1.1M	$40.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5032	+0.252%	$995K	$687K	50x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5006	+0.078%	$60K	$432K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5000	+0.040%	$41K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5011	+0.110%	$809K	$67K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5008	+0.088%	$126K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5020	+0.172%	$36K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.4994	0.000%	$49.4M	$13.8M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5014	+0.132%	$53.9M	$26.9M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5005	+0.073%	$468K	$54K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5012	+0.116%	$2.1M	$7.2M	50x	as long as short
01 Exchange XRPUSD	+0.0104%	1h	1.5005	+0.072%	$8K	$8K	10x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5012	+0.122%	$72K	$39K	3x	as long as short
Kalshi KXXRPPERP	+0.0158%	8h	1.5023	+0.192%	$1.8M	$31.8M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0168%	1h	1.5033	+0.258%	$1.7M	$916K	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0208%	1h	1.5021	+0.178%	$5.1M	$39.9M	50x	as long as short
Reya XRPRUSDPERP	+0.0209%	1h	1.4998	+0.025%	$1.3M	$11K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5000	+0.038%	$23.3M	$59.8M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5005	+0.073%	$19K	$37K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0265%	1h	1.5012	+0.120%	$15.1M	$55.9M	50x	as long as short
Hyperliquid XRP	+0.0347%	1h	1.5030	+0.238%	$272.6M	$160.1M	20x	as long as short
RISEx XRP/USDC	+0.0441%	1h	1.5004	+0.068%	$407K	$489K	10x	as long as short
Aftermath Perps XRPUSD	+0.0445%	1h	1.5026	+0.214%	$1K	$10K	10x	as long as short
Phoenix XRP	+0.0530%	1h	1.5050	+0.372%	$67K	$89K	15x	as long as short