XRP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.15 per $10,000 · paid last 24h −0.027%

Price spread now: Nado against Coinbase International−0.083%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$220.225% of the position

Long on Coinbase International Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.076%+$8 · spread now −0.083%, 7d avg −0.028%

Together, before fees+0.033%+ Points / potential airdropNado: Active · farm board+$3 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Nado is 0.055% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.028%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International XRP-PERP-INTX	1.5133	0.0216	pay 0.0027% / 1h	16m 48s	$5.7M	$46.6M	50x
Short	Nado XRP-PERP	1.5120	0.0100	get 0.0012% / 1h	16m 48s	$933K	$6.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Coinbase International. 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 Coinbase InternationalbpFee NadobpOrdersPrice spread, now −0.083%Rate

Funding earned: −$24.36
Price spread: −0.083% → −0.028%: −$5.46
Slippage, 4 orders: −$5.45
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$52.27
Costs to cover: 0.225%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 2 min ago	0.33 bp	6.8 bp −$7	9.4 bp −$94	24.2 bp −$2,417	doesn't fit
Sell Nado live order book, 2 min ago	0.33 bp	4.3 bp −$4	9.8 bp −$98	40.9 bp −$4,089	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	1.5131	−0.013%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5130	−0.019%	$1.1M	$110K	10x	as long as short
Phoenix XRP	0.0000%	1h	1.5160	+0.178%	$67K	$110K	15x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5123	−0.067%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0022% / S +0.0057%	1h	1.5123	−0.066%	$799K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.822%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0040%	1h	1.5127	−0.039%	$14.5M	$72.7M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0072%	8h	1.5127	−0.040%	$62K	$953K	50x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0081%	1h	1.5130	−0.020%	$7.6M	$25.3M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5126	−0.046%	$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	1.5139	+0.040%	$511K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0100%	8h	1.5113	−0.132%	$10K	$307K	20x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5120	−0.083%	$933K	$6.0M	20x
Aster XRPUSDT	+0.0100%	8h	1.5127	−0.037%	$38.5M	$84.2M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5130	−0.020%	$607K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5124	−0.062%	$536.7M	$2.11B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5119	−0.093%	$340.4M	$940.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5122	−0.073%	$124.1M	$871.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5130	−0.020%	$564K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5123	−0.066%	$114K	$700K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5190	+0.373%	$1.6M	$330K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5127	−0.040%	$367.9M	$152.7M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5130	−0.020%	$290.4M	$915.7M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5120	−0.087%	$106.8M	$171.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5135	+0.013%	$266.6M	$384.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5129	−0.026%	—	$126.9M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5151	+0.117%	$6.2M	$35.7M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5134	+0.006%	$657K	$109.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5152	+0.129%	$1.1M	$37.0M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5134	+0.007%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5127	−0.039%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5127	−0.040%	$44K	$445K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5127	−0.040%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5130	−0.022%	$814K	$75K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5134	+0.007%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5129	−0.026%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5133	+0.003%	$49.6M	$15.3M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5127	−0.040%	$53.8M	$29.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5130	−0.017%	$472K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5126	−0.047%	$2.0M	$6.9M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5125	−0.051%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0136%	1h	1.5120	−0.086%	$8K	$8K	10x	as long as short
Hyperliquid XRP	+0.0185%	1h	1.5143	+0.066%	$280.2M	$222.2M	20x	as long as short
Reya XRPRUSDPERP	+0.0214%	1h	1.5119	−0.093%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTXlong	+0.0216%	1h	1.5133	long leg	$5.7M	$46.6M	50x
Hibachi XRP/USDT-P	+0.0320%	1h	1.5132	−0.006%	$17K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0339%	1h	1.5132	−0.007%	$1.9M	$1.3M	25x	as long as short
Kalshi KXXRPPERP	+0.0362%	8h	1.5132	−0.007%	$2.1M	$35.7M	2.9x	as long as short
RISEx XRP/USDC	+0.0456%	1h	1.5123	−0.063%	$529K	$787K	10x	as long as short
Aftermath Perps XRPUSD	+0.0767%	1h	1.5148	+0.099%	$2K	$14K	10x	as long as short