Settings8H · net · $10k
Funding arb · Price arb /

XRP

all XRP markets
SwapBacktest
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: Nado against Paradex−0.017%7-day average +0.016% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$220.218% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.006%+$1 on $10k
Price spread, last 4 days (all we have)+0.320%+$32 · spread now −0.017%, 7d avg +0.016%
Together, before fees+0.326%+ Points / potential airdropParadex: Active · Nado: Active · farm board+$33 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: Nado is 0.033% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex XRP-USD-PERP1.54710.0100pay 0.0100% / 8h35m 49s$482K$54K50x
ShortNado XRP-PERP1.54680.0100get 0.0012% / 1h35m 49s$1.1M$5.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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

Funding earned
−$0.01
Price spread: −0.017% → +0.016%
−$3.3
Slippage, 4 orders
−$10.76
Fee Paradex: 2 bp × 2 orders
−$4
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$25.07
Costs to cover
0.218%
Break-even
never at this rate
Slippage from Paradex: live order book, 43 min ago; Nado: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex live order book, 43 min ago4.50 bp6.5 bp −$7148.6 bp −$1,486doesn't fitdoesn't fit
Sell Nado live order book, 3 min ago0.32 bp4.1 bp −$49.4 bp −$94doesn't fitdoesn't fit

XRP on 51 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Hotstuff XRP-PERP−0.0080%1h1.5472+0.006%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5474+0.021%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5550+0.510%$69K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5475+0.025%$9.6M$25.4M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5465−0.043%$259K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0007% / S +0.0102%1h1.5463−0.053%$851K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5473+0.014%$15.5M$68.8M50xas long as short
Orderly PERP_XRP_USDC+0.0057%8h1.5465−0.039%$76K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560+0.575%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5476+0.030%$3.0M$12.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5478+0.045%$441K$3.1M20xas long as short
Nado XRP-PERPshort+0.0100%1h1.5468−0.017%$1.1M$5.4M20x
Aster XRPUSDT+0.0100%8h1.5466−0.033%$39.3M$80.6M100xas long as short
Pacifica XRP+0.0100%1h1.5475+0.026%$637K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5470−0.006%$553.2M$2.02B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5468−0.020%$346.3M$919.7M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5467−0.026%$126.7M$883.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5473+0.012%$576K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5478+0.045%$116K$755K20xas long as short
Bulk XRP-USD+0.0100%1h1.5506+0.225%$1.7M$573K20xas long as short
Gate XRP_USDT+0.0100%8h1.5469−0.014%$372.9M$144.5M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5470−0.007%$301.3M$875.4M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5466−0.030%$112.5M$163.8M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5467−0.026%$269.8M$372.1M125xas long as short
BingX XRP-USDC+0.0100%8h1.5468−0.020%$3.7Mas long as short
Variational Omni XRP+0.0100%8h1.5470−0.009%$11.5M$30.6Mas long as short
edgeX XRPUSDC+0.0100%4h1.5495+0.153%$673K$103.9M30xas long as short
GRVT XRP_USDT_Perp+0.0100%8h1.5516+0.292%$1.1M$40.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5499+0.180%$1.0M$899K50xas long as short
Vest XRP-PERP+0.0100%1h1.5469−0.015%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5468−0.020%$47K$455K20xas long as short
Bullet XRP-USD+0.0100%1h1.5465−0.039%$41K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5467−0.029%$833K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5476+0.035%$129K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5472+0.006%$32K$1.8M10xas long as short
HTX XRP-USDT+0.0100%8h1.5463−0.052%$50.8M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5474+0.019%$55.0M$29.3M50xas long as short
Paradex XRP-USD-PERPlong+0.0100%8h1.5471long leg$482K$54K50x
Katana Perps XRP-USD+0.0101%8h1.5480+0.058%$12K$267K20xas long as short
Extended XRP-USD+0.0104%1h1.5466−0.034%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5468−0.023%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5479+0.051%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5464−0.047%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5477+0.038%$24.5M$74.3M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5481+0.064%$5.9M$47.4M50xas long as short
Hibachi XRP/USDT-P+0.0264%1h1.5479+0.054%$18K$82K7xas long as short
Backpack XRP_USDC_PERP+0.0302%1h1.5480+0.058%$1.7M$1.0M25xas long as short
Kalshi KXXRPPERP+0.0310%8h1.5481+0.064%$2.0M$34.1M2.9xas long as short
Hyperliquid XRP+0.0594%1h1.5486+0.096%$294.3M$210.2M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5485+0.090%$503K$633K10xas long as short
Aftermath Perps XRPUSD+0.0797%1h1.5518+0.304%$1K$11K10xas long as short