XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0018%/8h= −2.0% APRnext payment −$0.02 per $10,000 · paid last 24h −0.026%

Price spread now: Deribit against Nado+0.010%46s7-day average +0.025% · 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—prices read too far apart to compare

costs, in and out, $10k−$190.186% of the position

Long on Nado Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.030%−$3 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now +0.010%, 7d avg +0.025%

Together, before fees−0.044%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5082	0.0100	pay 0.0012% / 1h	38m 28s	$792K	$5.9M	20x
Short	Deribit XRP_USDC-PERPETUAL	1.5083	0.0082	get 0.0010% / 1h	38m 28s	$7.6M	$25.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$3.78
Price spread: +0.010% → +0.025%: −$1.46
Slippage, 4 orders: −$4.58
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$23.82
Costs to cover: 0.186%
Break-even: never at this rate

Slippage from Nado: live order book, 6 min ago; Deribit: live order book, 1 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, 6 min ago	0.33 bp	4.9 bp −$5	14.0 bp −$140	doesn't fit	doesn't fit
Sell Deribit live order book, 1 min ago	1.00 bp	4.5 bp −$5	6.7 bp −$67	105.9 bp −$10.6K	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	1.5082	+0.003%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5080	−0.013%	$1.1M	$120K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5110	+0.189%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5057	−0.162%	$251K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0024% / S +0.0063%	1h	1.5057	−0.162%	$826K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+3.173%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5080	−0.012%	$14.4M	$72.6M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0070%	8h	1.5082	+0.003%	$57K	$945K	50x	as long as short
Deribit XRP_USDC-PERPETUALshort	+0.0082%	1h	1.5083	+0.010%	$7.6M	$25.4M	50x
Lighter XRP	+0.0096%	1h	1.5079	−0.018%	$2.8M	$14.1M	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	1.5083	+0.010%	$515K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5068	−0.090%	$10K	$306K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5082	long leg	$792K	$5.9M	20x
Aster XRPUSDT	+0.0100%	8h	1.5078	−0.022%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5085	+0.020%	$608K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5062	−0.127%	$534.9M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5060	−0.143%	$338.3M	$944.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5085	+0.023%	$123.4M	$870.3M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5090	+0.056%	$562K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5083	+0.010%	$115K	$723K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5183	+0.672%	$1.6M	$305K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5082	+0.003%	$366.0M	$151.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5077	−0.030%	$286.5M	$904.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5077	−0.027%	$106.4M	$172.3M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5079	−0.017%	$264.7M	$386.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5063	−0.123%	—	$127.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5098	+0.110%	$6.2M	$35.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5152	+0.470%	$658K	$108.0M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5080	−0.009%	$1.1M	$38.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5163	+0.540%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5084	+0.017%	—	$12K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5080	−0.010%	$45K	$452K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5067	−0.096%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5083	+0.008%	$812K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5086	+0.028%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5083	+0.010%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5092	+0.070%	$49.5M	$15.5M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5088	+0.043%	$53.6M	$29.7M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5083	+0.010%	$470K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5077	−0.030%	$2.0M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5082	0.000%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5074	−0.050%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0186%	1h	1.5090	+0.056%	$278.9M	$220.6M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5078	−0.026%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5088	+0.043%	$5.7M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5193	+0.739%	$24.0M	$75.2M	125x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5089	+0.048%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0330%	1h	1.5097	+0.103%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0339%	8h	1.5099	+0.116%	$2.1M	$36.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5078	−0.022%	$534K	$783K	10x	as long as short
Aftermath Perps XRPUSD	+0.0812%	1h	1.5117	+0.233%	$2K	$14K	10x	as long as short