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 +0.042%
Price spread now: Nado against edgeX−0.403%62s7-day average +0.064% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$190.194% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.147%+$15 on $10k
Price spread, last 7 days+0.485%+$49 · spread now −0.403%, 7d avg +0.064%
Together, before fees+0.632%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$63 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 0.467% cheaper against edgeX than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of +0.064%. The two prices were read 62 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX XRPUSDC1.56000.0100pay 0.0050% / 4h42m 10s$677K$103.8M30x
ShortNado XRP-PERP1.55370.0100get 0.0012% / 1h42m 10s$1.1M$5.4M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado against edgeX. 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
Price spread: −0.403% → +0.064%
−$46.65
Slippage, 4 orders
−$3.38
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$66.04
Costs to cover
0.194%
Break-even
never at this rate
Slippage from edgeX: 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
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 2 min ago0.96 bp5.5 bp −$55.5 bp −$558.6 bp −$861doesn't fit
Sell Nado live order book, 2 min ago0.32 bp4.4 bp −$49.3 bp −$93doesn'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%1h1.5533−0.431%$7K$2K20xas long as short
dYdX XRP-USD0.0000%1h1.5541−0.377%$1.1M$113K10xas long as short
Phoenix XRP0.0000%1h1.5620+0.126%$70K$90K15xas long as short
Deribit XRP_USDC-PERPETUAL0.0000%1h1.5523−0.496%$9.6M$25.4M50xas long as short
gTrade (Gains Network) XRP/USDL +0.0003% / S −0.0004%1h1.5523−0.494%$260K150xas long as short
GMX XRP/USD [ETH-USDC]L +0.0006% / S +0.0104%1h1.5522−0.499%$854K200xas long as short
Kraken Futures PF_XRPUSD+0.0032%1h1.5526−0.474%$15.5M$68.7M50xas long as short
Orderly PERP_XRP_USDC+0.0057%8h1.5524−0.489%$76K$909K50xas long as short
Injective XRP/USDC PERP+0.0089%1h1.5560−0.258%$2K$107K30xas long as short
Lighter XRP+0.0096%1h1.5525−0.481%$3.0M$12.6M20xas long as short
Show all 51 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Lighter RH XRP+0.0096%1h1.5530−0.451%$442K$3.1M20xas long as short
Nado XRP-PERPshort+0.0100%1h1.5537−0.403%$1.1M$5.4M20x
Aster XRPUSDT+0.0100%8h1.5531−0.447%$39.5M$80.3M100xas long as short
Pacifica XRP+0.0100%1h1.5536−0.414%$639K$1.1M20xas long as short
Binance XRPUSDT+0.0100%8h1.5532−0.435%$556.3M$2.02B100xas long as short
Bybit XRPUSDT+0.0100%8h1.5535−0.419%$347.0M$917.5M100xas long as short
OKX XRP-USDT-SWAP+0.0100%8h1.5532−0.438%$126.8M$888.3M100xas long as short
Ondo Perps XRP-USD.P+0.0100%1h1.5546−0.348%$579K$42K5xas long as short
Arcus XRP-USD+0.0100%1h1.5536−0.412%$117K$754K20xas long as short
Bulk XRP-USD+0.0100%1h1.5633+0.210%$1.7M$573K20xas long as short
Gate XRP_USDT+0.0100%8h1.5529−0.457%$373.9M$144.0M100xas long as short
MEXC XRP_USDT+0.0100%8h1.5532−0.438%$298.1M$870.7M300xas long as short
KuCoin XRPUSDTM+0.0100%8h1.5525−0.480%$112.9M$163.5M75xas long as short
Bitget XRPUSDT+0.0100%8h1.5533−0.431%$271.5M$370.4M125xas long as short
BingX XRP-USDT+0.0100%8h1.5534−0.425%$120.7Mas long as short
Variational Omni XRP+0.0100%8h1.5624+0.149%$11.7M$30.5Mas long as short
edgeX XRPUSDClong+0.0100%4h1.5600long leg$677K$103.8M30x
GRVT XRP_USDT_Perp+0.0100%8h1.5583−0.113%$1.1M$40.5M20xas long as short
ApeX Omni XRPUSDT+0.0100%1h1.5597−0.021%$1.0M$899K50xas long as short
Vest XRP-PERP+0.0100%1h1.5537−0.407%$10K10xas long as short
Polymarket Perps XRP-USD+0.0100%1h1.5532−0.438%$48K$454K20xas long as short
Bullet XRP-USD+0.0100%1h1.5526−0.476%$42K$67K20xas long as short
Derive XRP-PERP+0.0100%1h1.5524−0.486%$836K$81K10xas long as short
SunX XRP-USDT+0.0100%8h1.5529−0.460%$130K$1.8M30xas long as short
SoDEX XRP-USD+0.0100%1h1.5523−0.496%$30K$1.9M10xas long as short
HTX XRP-USDT+0.0100%8h1.5533−0.433%$51.0M$15.5M75xas long as short
Phemex XRPUSDT+0.0100%8h1.5527−0.470%$55.2M$29.3M50xas long as short
Paradex XRP-USD-PERP+0.0100%8h1.5531−0.445%$484K$54K50xas long as short
Katana Perps XRP-USD+0.0101%8h1.5540−0.387%$13K$267K20xas long as short
Extended XRP-USD+0.0104%1h1.5518−0.526%$2.1M$7.1M50xas long as short
Aevo XRP-PERP+0.0104%1h1.5522−0.502%$72K$40K3xas long as short
01 Exchange XRPUSD+0.0168%1h1.5538−0.399%$8K$8K10xas long as short
Reya XRPRUSDPERP+0.0212%1h1.5526−0.478%$1.4M$8K15xas long as short
BloFin XRP-USDT+0.0220%8h1.5553−0.303%$24.5M$74.5M125xas long as short
Coinbase International XRP-PERP-INTX+0.0224%1h1.5532−0.438%$5.9M$47.6M50xas long as short
Hibachi XRP/USDT-P+0.0264%1h1.5587−0.086%$18K$82K7xas long as short
Kalshi KXXRPPERP+0.0316%8h1.5543−0.367%$2.0M$33.9M2.9xas long as short
Backpack XRP_USDC_PERP+0.0345%1h1.5538−0.399%$1.7M$1.0M25xas long as short
Hyperliquid XRP+0.0619%1h1.5551−0.316%$296.0M$209.3M20xas long as short
RISEx XRP/USDC+0.0761%1h1.5544−0.359%$507K$632K10xas long as short
Aftermath Perps XRPUSD+0.0810%1h1.5587−0.085%$1K$11K10xas long as short