Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against BingX+0.115%53s7-day average +0.074% · 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−$260.264% of the position

Long on BingX Short on Nado

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−0.046%−$5 · spread now +0.115%, 7d avg +0.074%

Together, before fees−0.048%+ Points / potential airdropNado: Active · farm board−$5 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 0.042% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.074%. The two prices were read 53 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	BingX XRP-USDC	1.5165	0.0100	pay 0.0100% / 8h	5h 28m	—	$4.1M	—
Short	Nado XRP-PERP	1.5183	0.0100	get 0.0012% / 1h	28m 47s	$1.0M	$5.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against BingX. 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 BingXbpFee NadobpOrdersPrice spread, now +0.115%Rate

Funding earned: $0
Price spread: +0.115% → +0.074%: $4.15
Slippage, 4 orders: −$9.37
Fee BingX: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$22.22
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Nado: 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 BingX live order book, 6 min ago	0.66 bp	9.6 bp −$10	13.7 bp −$137	29.2 bp −$2,922	83.2 bp −$41.6K
Sell Nado live order book, 5 min ago	0.33 bp	4.0 bp −$4	8.6 bp −$86	40.5 bp −$4,050	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	1.5187	+0.145%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5167	+0.016%	$1.1M	$110K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5183	+0.117%	$254K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0014%	1h	1.5176	+0.073%	$7.7M	$25.4M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.605%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0034% / S +0.0043%	1h	1.5183	+0.117%	$820K	—	200x	as long as short
01 Exchange XRPUSD	+0.0072%	1h	1.5181	+0.106%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDC	+0.0075%	8h	1.5179	+0.092%	$62K	$935K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5170	+0.032%	$2.8M	$14.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5170	+0.033%	$512K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5172	+0.046%	$10K	$309K	20x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5183	+0.115%	$1.0M	$5.9M	20x
Hyperliquid XRP	+0.0100%	1h	1.5182	+0.112%	$281.4M	$221.6M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5174	+0.056%	$38.5M	$83.4M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5171	+0.038%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5170	+0.030%	$537.8M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5166	+0.007%	$344.4M	$927.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5166	+0.007%	$125.9M	$867.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5171	+0.040%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5168	+0.020%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5156	−0.058%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5173	+0.053%	$369.5M	$152.2M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5168	+0.020%	$291.5M	$898.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5169	+0.028%	$108.3M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5164	−0.007%	$267.9M	$380.4M	125x	as long as short
BingX XRP-USDClong	+0.0100%	8h	1.5165	long leg	—	$4.1M	—
Variational Omni XRP	+0.0100%	8h	1.5198	+0.220%	$5.8M	$36.4M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5177	+0.076%	$659K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5214	+0.321%	$1.1M	$35.5M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5208	+0.284%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5190	+0.167%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5188	+0.152%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5185	+0.132%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5180	+0.099%	$817K	$73K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5187	+0.142%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5173	+0.053%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5182	+0.110%	$49.7M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5171	+0.040%	$54.0M	$30.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5167	+0.014%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5161	−0.025%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5172	+0.044%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0200%	1h	1.5178	+0.086%	$1.9M	$1.3M	25x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5184	+0.125%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5177	+0.079%	$5.6M	$46.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5178	+0.086%	$24.2M	$75.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5198	+0.218%	$17K	$82K	7x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5170	+0.034%	$14.5M	$73.1M	50x	as long as short
Kalshi KXXRPPERP	+0.0354%	8h	1.5182	+0.112%	$2.1M	$35.0M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5165	−0.001%	$516K	$776K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.165%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0680%	1h	1.5182	+0.114%	$2K	$14K	10x	as long as short