XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1338%/8h= +146.6% APRnext payment +$1.67 per $10,000 · paid last 24h +0.063%

Price spread now: Hyperliquid against Nado+0.052%7-day average +0.013% · 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−$14as in the Price arb table

costs, in and out, $10k−$180.177% of the position

Long on Nado Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.086%+$9 on $10k

Price spread, last 7 days−0.065%−$6 · spread now +0.052%, 7d avg +0.013%

Together, before fees+0.021%+ Points / potential airdropNado: Active · Hyperliquid: Season 2 · farm board+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$40 a day on $10k at the current rate, and Hyperliquid is 0.038% dearer against Nado than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.013%.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.086% in total (about 10.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.67 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5549	−0.0305	get 0.0038% / 1h	59m 21s	$1.1M	$5.3M	20x
Short	Hyperliquid XRP	1.5558	0.1033	get 0.0129% / 1h	59m 21s	$288.2M	$192.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.052%Rate

Funding earned: $281.07
Price spread: +0.052% → +0.013%: $3.83
Slippage, 4 orders: −$1.67
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $267.23
Costs to cover: 0.177%
Break-even: 0.3 days

Slippage from Nado: live order book, 5 min ago; Hyperliquid: live order book, 5 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, 5 min ago	0.32 bp	3.8 bp −$4	8.7 bp −$87	40.4 bp −$4,039	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.32 bp	4.8 bp −$5	5.4 bp −$54	10.7 bp −$1,074	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
Nado XRP-PERPlong	−0.0305%	1h	1.5549	long leg	$1.1M	$5.3M	20x
Hotstuff XRP-PERP	−0.0080%	1h	1.5495	−0.350%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5491	−0.378%	$1.1M	$101K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5430	−0.769%	$69K	$89K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5520	−0.189%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0040%	1h	1.5290	−1.669%	$2K	$86K	30x	as long as short
Orderly PERP_XRP_USDC	+0.0050%	8h	1.5517	−0.209%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0078% / S +0.0158%	1h	1.5519	−0.199%	$915K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5500	−0.319%	$3.0M	$11.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5513	−0.235%	$448K	$3.1M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster XRPUSDT	+0.0100%	8h	1.5550	+0.003%	$39.6M	$73.7M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5512	−0.241%	$677K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5527	−0.144%	$558.5M	$1.89B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5511	−0.248%	$349.3M	$857.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5511	−0.248%	$126.7M	$858.2M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5499	−0.325%	$575K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5543	−0.042%	$122K	$701K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5455	−0.611%	$1.7M	$470K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5527	−0.145%	$368.9M	$132.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5539	−0.068%	$284.4M	$809.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5539	−0.065%	$112.4M	$149.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5540	−0.061%	$269.2M	$348.1M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5518	−0.203%	—	$115.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5465	−0.545%	$6.6M	$24.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5461	−0.570%	$671K	$96.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5484	−0.420%	$1.1M	$41.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5459	−0.582%	$1.0M	$880K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5525	−0.157%	—	$10K	10x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5527	−0.143%	$42K	$61K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5529	−0.134%	$836K	$70K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5524	−0.166%	$130K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5517	−0.209%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5520	−0.192%	$51.1M	$15.0M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5511	−0.248%	$55.4M	$28.4M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5519	−0.196%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5538	−0.074%	$11K	$244K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5534	−0.097%	$2.1M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5522	−0.176%	$72K	$40K	3x	as long as short
Polymarket Perps XRP-USD	+0.0113%	1h	1.5548	−0.010%	$51K	$436K	20x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0137%	1h	1.5527	−0.145%	$9.5M	$24.8M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0168%	1h	1.5516	−0.219%	$15.8M	$65.4M	50x	as long as short
Coinbase International XRP-PERP-INTX	+0.0192%	1h	1.5522	−0.177%	$5.7M	$45.5M	50x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5542	−0.049%	$1.4M	$9K	15x	as long as short
Backpack XRP_USDC_PERP	+0.0216%	1h	1.5524	−0.164%	$1.8M	$956K	25x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5467	−0.531%	$24.3M	$69.4M	125x	as long as short
01 Exchange XRPUSD	+0.0304%	1h	1.5634	+0.543%	$8K	$8K	10x	as long as short
Kalshi KXXRPPERP	+0.0318%	8h	1.5493	−0.363%	$1.8M	$32.0M	2.9x	as long as short
Hibachi XRP/USDT-P	+0.0328%	1h	1.5529	−0.134%	$19K	$66K	7x	as long as short
Aftermath Perps XRPUSD	+0.0523%	1h	1.5458	−0.590%	$1K	$11K	10x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5548	−0.012%	$409K	$524K	10x	as long as short
Hyperliquid XRPshort	+0.1033%	1h	1.5558	+0.052%	$288.2M	$192.0M	20x