Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against MEXC−0.003%7-day average +0.027% · 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−$12as in the Price arb table

costs, in and out, $10k−$90.089% of the position

Long on MEXC Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 7 days+0.071%+$7 · spread now −0.003%, 7d avg +0.027%

Together, before fees+0.081%+ Points / potential airdropNado: Active · farm board+$8 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 0.030% cheaper against MEXC than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC XRP_USDT	1.5203	0.0100	pay 0.0100% / 8h	3h 44m	$293.1M	$899.5M	300x
Short	Nado XRP-PERP	1.5202	0.0100	get 0.0012% / 1h	44m 21s	$1.0M	$6.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against MEXC. 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 MEXCbpFee NadobpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → +0.027%: −$3
Slippage, 4 orders: −$1.95
Fee MEXC: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$11.94
Costs to cover: 0.089%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.33 bp	0.3 bp $0	0.5 bp −$5	6.4 bp −$643	22.9 bp −$11.4K
Sell Nado live order book, 5 min ago	0.33 bp	4.5 bp −$4	11.4 bp −$114	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	1.5204	+0.007%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5195	−0.054%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	−0.012%	$262K	—	150x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5206	+0.019%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.348%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5202	−0.009%	$780K	—	200x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0079%	1h	1.5209	+0.039%	$7.8M	$25.6M	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5210	+0.045%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5211	+0.053%	$499K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5200	−0.020%	$12K	$343K	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_XRP_USDC	+0.0099%	8h	1.5202	−0.007%	$62K	$934K	50x	as long as short
Nado XRP-PERPshort	+0.0100%	1h	1.5202	−0.003%	$1.0M	$6.0M	20x
Aster XRPUSDT	+0.0100%	8h	1.5202	−0.005%	$38.4M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5200	−0.018%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5209	+0.037%	$534.7M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5212	+0.059%	$346.9M	$941.4M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5213	+0.066%	$127.2M	$887.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.066%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5209	+0.039%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.145%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5204	+0.007%	$371.4M	$154.0M	100x	as long as short
MEXC XRP_USDTlong	+0.0100%	8h	1.5203	long leg	$293.1M	$899.5M	300x
KuCoin XRPUSDTM	+0.0100%	8h	1.5205	+0.013%	$109.1M	$176.7M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5205	+0.013%	$269.2M	$388.4M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5204	+0.007%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.008%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.060%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.034%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5213	+0.066%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5204	+0.009%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5204	+0.007%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5204	+0.008%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5205	+0.012%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5202	−0.005%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5206	+0.020%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5201	−0.011%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5203	0.000%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5200	−0.017%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5200	−0.018%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5202	−0.006%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5210	+0.046%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5212	+0.059%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5200	−0.018%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	+0.020%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5202	−0.006%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0288%	8h	1.5207	+0.026%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0299%	1h	1.5217	+0.092%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0310%	1h	1.5218	+0.099%	$292.8M	$234.7M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5209	+0.039%	$518K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.112%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0661%	1h	1.5212	+0.057%	$2K	$15K	10x	as long as short