Funding arb · Price arb /

XRP

all XRP markets

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: BingX against Nado−0.016%53s7-day average −0.031% · 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—prices read too far apart to compare

costs, in and out, $10k−$200.204% of the position

Long on Nado Short on BingX

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−0.051%−$5 · spread now −0.016%, 7d avg −0.031%

Together, before fees−0.056%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5500	0.0100	pay 0.0012% / 1h	39m 37s	$1.1M	$5.4M	20x
Short	BingX XRP-USDT	1.5498	0.0100	get 0.0100% / 8h	39m 37s	—	$120.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.031%: $1.45
Slippage, 4 orders: −$3.38
Fee Nado: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$18.93
Costs to cover: 0.204%
Break-even: 1944604719097216.5 days

Slippage from Nado: live order book, 4 min ago; BingX: live order book, 14 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	0.32 bp	4.1 bp −$4	9.9 bp −$99	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	0.96 bp	6.0 bp −$6	6.0 bp −$60	7.9 bp −$794	12.8 bp −$6,414

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	1.5501	+0.003%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5497	−0.022%	$1.1M	$113K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5550	+0.319%	$69K	$90K	15x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5495	−0.035%	$9.6M	$25.4M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5495	−0.034%	$259K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0006% / S +0.0103%	1h	1.5495	−0.037%	$852K	—	200x	as long as short
Kraken Futures PF_XRPUSD	+0.0032%	1h	1.5492	−0.053%	$15.5M	$68.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0057%	8h	1.5494	−0.042%	$76K	$909K	50x	as long as short
Injective XRP/USDC PERP	+0.0089%	1h	1.5560	+0.384%	$2K	$107K	30x	as long as short
Lighter XRP	+0.0096%	1h	1.5504	+0.024%	$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	1.5505	+0.029%	$441K	$3.1M	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5500	long leg	$1.1M	$5.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5497	−0.021%	$39.4M	$80.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5499	−0.009%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5497	−0.020%	$555.0M	$2.02B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5499	−0.010%	$346.5M	$918.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5500	−0.003%	$126.7M	$885.1M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5546	+0.294%	$578K	$42K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5499	−0.010%	$116K	$754K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5506	+0.035%	$1.7M	$573K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5493	−0.048%	$373.3M	$144.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5497	−0.023%	$295.9M	$872.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5502	+0.013%	$113.0M	$163.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5494	−0.042%	$271.3M	$370.7M	125x	as long as short
BingX XRP-USDTshort	+0.0100%	8h	1.5498	−0.016%	—	$120.9M	—
Variational Omni XRP	+0.0100%	8h	1.5522	+0.136%	$11.6M	$30.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5529	+0.182%	$674K	$103.7M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5516	+0.102%	$1.1M	$40.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5524	+0.152%	$1.0M	$899K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5504	+0.020%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5498	−0.016%	$48K	$454K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5497	−0.022%	$42K	$67K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5495	−0.033%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5498	−0.013%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5493	−0.048%	$33K	$1.8M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5501	+0.005%	$50.9M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5493	−0.048%	$55.1M	$29.3M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5493	−0.045%	$483K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5501	+0.003%	$12K	$268K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5491	−0.063%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5493	−0.050%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5501	+0.003%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5495	−0.037%	$1.4M	$8K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5514	+0.087%	$24.5M	$74.4M	125x	as long as short
Coinbase International XRP-PERP-INTX	+0.0224%	1h	1.5504	+0.023%	$5.9M	$47.4M	50x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5527	+0.172%	$18K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0312%	8h	1.5507	+0.042%	$2.0M	$34.0M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0331%	1h	1.5503	+0.016%	$1.7M	$1.0M	25x	as long as short
Hyperliquid XRP	+0.0604%	1h	1.5525	+0.158%	$295.0M	$209.4M	20x	as long as short
RISEx XRP/USDC	+0.0761%	1h	1.5508	+0.050%	$504K	$632K	10x	as long as short
Aftermath Perps XRPUSD	+0.0807%	1h	1.5564	+0.407%	$1K	$11K	10x	as long as short