Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Nado+0.087%7-day average −0.034% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Variational Omni

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−0.145%−$14 · spread now +0.087%, 7d avg −0.034%

Together, before fees−0.142%+ Points / potential airdropNado: Active · Variational Omni: 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: Variational Omni is 0.121% dearer against Nado than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5137	0.0100	pay 0.0012% / 1h	18m 28s	$934K	$6.0M	20x
Short	Variational Omni XRP	1.5151	0.0100	get 0.0100% / 8h	6h 18m	$6.2M	$35.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.087%Rate

Funding earned: $0
Price spread: +0.087% → −0.034%: $12.08
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $5.08
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Nado: live order book, 6 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

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	3.8 bp −$4	7.9 bp −$79	39.3 bp −$3,928	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.05 bp	doesn't fit	3.2 bp −$32	22.0 bp −$2,201	doesn't fit

XRP on 50 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	1.5146	+0.056%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5152	+0.093%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5170	+0.215%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5134	−0.020%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0021% / S +0.0057%	1h	1.5131	−0.044%	$800K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.791%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5143	+0.038%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5143	+0.036%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0080%	1h	1.5149	+0.076%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5158	+0.134%	$2.8M	$14.3M	20x	as long as short

Show all 50 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5157	+0.129%	$511K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5124	−0.089%	$10K	$307K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5137	long leg	$934K	$6.0M	20x
Aster XRPUSDT	+0.0100%	8h	1.5153	+0.104%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5156	+0.121%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5132	−0.036%	$536.7M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5135	−0.017%	$340.7M	$940.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5136	−0.010%	$124.3M	$871.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	−0.050%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5139	+0.010%	$114K	$701K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.344%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5153	+0.102%	$368.6M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5150	+0.083%	$290.2M	$915.0M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5155	+0.117%	$107.1M	$171.4M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	−0.017%	$266.6M	$384.4M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5136	−0.010%	—	$4.1M	—	as long as short
Variational Omni XRPshort	+0.0100%	8h	1.5151	+0.087%	$6.2M	$35.7M	—
edgeX XRPUSDC	+0.0100%	4h	1.5154	+0.107%	$658K	$109.2M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5186	+0.320%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5155	+0.116%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5141	+0.020%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5136	−0.010%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5136	−0.009%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5145	+0.052%	$815K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5151	+0.090%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5147	+0.063%	$30K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5139	+0.009%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5144	+0.043%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5156	+0.124%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5130	−0.053%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5144	+0.042%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5131	−0.043%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0194%	1h	1.5162	+0.162%	$280.6M	$222.0M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5133	−0.032%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5149	+0.076%	$5.7M	$46.7M	50x	as long as short
Hibachi XRP/USDT-P	+0.0320%	1h	1.5154	+0.108%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0342%	1h	1.5156	+0.122%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0361%	8h	1.5140	+0.017%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5134	−0.026%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0749%	1h	1.5156	+0.121%	$2K	$14K	10x	as long as short