Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against ApeX Omni+0.004%7-day average −0.009% · 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−$20as in the Price arb table

costs, in and out, $10k−$210.208% of the position

Long on ApeX Omni Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.056%+$6 · spread now +0.004%, 7d avg −0.009%

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	ApeX Omni XRPUSDT	1.5209	0.0100	pay 0.0013% / 1h	51m 33s	$1.2M	$1.2M	50x
Short	Nado XRP-PERP	1.5210	0.0100	get 0.0012% / 1h	51m 33s	$1.0M	$6.3M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against ApeX Omni. 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 ApeX OmnibpFee NadobpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.009%: $1.22
Slippage, 4 orders: −$3.83
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$19.61
Costs to cover: 0.208%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 2 min ago; Nado: live order book, 2 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 ApeX Omni live order book, 2 min ago	1.32 bp	6.7 bp −$7	11.4 bp −$114	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	0.33 bp	3.8 bp −$4	7.6 bp −$76	doesn't fit	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	1.5203	−0.039%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5220	+0.074%	$1.1M	$148K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5200	−0.057%	$246K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5209	0.000%	$7.8M	$24.3M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.308%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0078%	1h	1.5206	−0.018%	$14.5M	$74.0M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5223	+0.089%	$2.8M	$15.0M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5216	+0.046%	$546K	$3.1M	20x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0096% / S −0.0054%	1h	1.5199	−0.068%	$784K	—	200x	as long as short
Katana Perps XRP-USD	+0.0099%	8h	1.5203	−0.039%	$10K	$371K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERPshort	+0.0100%	1h	1.5210	+0.004%	$1.0M	$6.3M	20x
Aster XRPUSDT	+0.0100%	8h	1.5214	+0.031%	$38.6M	$87.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5216	+0.046%	$614K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5212	+0.020%	$532.8M	$2.22B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5211	+0.013%	$349.9M	$958.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5215	+0.039%	$127.8M	$883.8M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5214	+0.033%	$566K	$33K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5217	+0.053%	$145K	$713K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5195	−0.089%	$1.6M	$5K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5211	+0.013%	$379.2M	$159.6M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5213	+0.026%	$312.8M	$917.3M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5213	+0.027%	$107.2M	$184.1M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5212	+0.020%	$269.0M	$394.0M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5215	+0.039%	—	$107.8M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5174	−0.232%	$4.8M	$38.5M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5199	−0.063%	$660K	$113.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5223	+0.094%	$1.1M	$35.0M	20x	as long as short
ApeX Omni XRPUSDTlong	+0.0100%	1h	1.5209	long leg	$1.2M	$1.2M	50x
Vest XRP-PERP	+0.0100%	1h	1.5206	−0.022%	—	$15K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	−0.033%	$50K	$510K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5201	−0.053%	$41K	$69K	20x	as long as short
Orderly PERP_XRP_USDC	+0.0100%	8h	1.5204	−0.033%	$75K	$686K	50x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5206	−0.018%	$818K	$74K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5207	−0.015%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5207	−0.013%	$28K	$1.6M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5205	−0.025%	$49.6M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5215	+0.039%	$54.3M	$32.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5216	+0.048%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5211	+0.011%	$2.1M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5204	−0.035%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5213	+0.026%	$9K	$2K	10x	as long as short
Hibachi XRP/USDT-P	+0.0136%	1h	1.5229	+0.131%	$17K	$79K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0164%	1h	1.5223	+0.092%	$2.0M	$1.4M	25x	as long as short
Coinbase International XRP-PERP-INTX	+0.0176%	1h	1.5208	−0.007%	$5.6M	$48.2M	50x	as long as short
Hyperliquid XRP	+0.0179%	1h	1.5235	+0.171%	$290.1M	$267.4M	20x	as long as short
Kalshi KXXRPPERP	+0.0214%	8h	1.5207	−0.013%	$1.8M	$34.6M	2.9x	as long as short
Reya XRPRUSDPERP	+0.0220%	1h	1.5198	−0.071%	$1.3M	$4K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5197	−0.079%	$23.8M	$77.9M	125x	as long as short
RISEx XRP/USDC	+0.0394%	1h	1.5217	+0.052%	$529K	$806K	10x	as long as short
Phoenix XRP	+0.0526%	1h	1.5180	−0.191%	$67K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0660%	1h	1.5208	−0.008%	$2K	$16K	10x	as long as short