Funding you earn now, next payment 00:00 UTC+0.0158%/8h= +17.3% APRnext payment +$0.20 per $10,000 · paid last 24h +0.017%
Price spread now: Backpack against Nado+0.088%7-day average −0.115% · 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$0as in the Price arb table
costs, in and out, $10k−$200.200% of the position
Funding, last 3 days (all we have)+0.020%+$2 on $10k
+Price spread, last 7 days−1.032%−$103 · spread now +0.088%, 7d avg −0.115%
=Together, before fees−1.012%+ Points / potential airdropNado: Active · farm board−$101 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Backpack is 0.203% dearer against Nado than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of −0.115%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado XRP-PERP | 1.5362 | 0.0100 | pay 0.0012% / 1h | 20m 40s | $1.1M | $5.5M | 20x |
| Short | Backpack XRP_USDC_PERP | 1.5376 | 0.0258 | get 0.0032% / 1h | 20m 40s | $1.7M | $1.0M | 25x |
Nado XRP-PERP
Backpack XRP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $33.16
- Price spread: +0.088% → −0.115%
- $20.33
- Slippage, 4 orders
- −$2.96
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $33.53
- Costs to cover
- 0.200%
- Break-even
- from the start
Slippage from Nado: live order book, 3 min ago; Backpack: live order book, 3 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 Nado live order book, 3 min ago | 0.33 bp | 4.7 bp −$5 | 10.7 bp −$107 | 48.8 bp −$4,876 | doesn't fit |
| Sell Backpack live order book, 3 min ago | 0.32 bp | 5.4 bp −$5 | 7.9 bp −$79 | 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 | 1.5365 | +0.016% | $7K | $2K | 20x | as long as short |
| dYdX XRP-USD | 0.0000% | 1h | 1.5366 | +0.025% | $1.1M | $113K | 10x | as long as short |
| Phoenix XRP | 0.0000% | 1h | 1.5370 | +0.049% | $68K | $90K | 15x | as long as short |
| gTrade (Gains Network) XRP/USD | L +0.0003% / S −0.0004% | 1h | 1.5358 | −0.027% | $266K | — | 150x | as long as short |
| GMX XRP/USD [ETH-USDC] | L +0.0007% / S +0.0096% | 1h | 1.5360 | −0.017% | $832K | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.0010% | 1h | 1.5361 | −0.010% | $9.4M | $25.6M | 50x | as long as short |
| Kraken Futures PF_XRPUSD | +0.0032% | 1h | 1.5359 | −0.021% | $15.0M | $69.6M | 50x | as long as short |
| Orderly PERP_XRP_USDC | +0.0059% | 8h | 1.5362 | −0.003% | $75K | $910K | 50x | as long as short |
| Injective XRP/USDC PERP | +0.0089% | 1h | 1.5560 | +1.286% | $2K | $107K | 30x | as long as short |
| Lighter XRP | +0.0096% | 1h | 1.5376 | +0.085% | $2.9M | $13.0M | 20x | as long as short |
Hotstuff XRP-PERP
dYdX XRP-USD
Phoenix XRP
gTrade (Gains Network) XRP/USD
GMX XRP/USD [ETH-USDC]
Deribit XRP_USDC-PERPETUAL
Kraken Futures PF_XRPUSD
Orderly PERP_XRP_USDC
Injective XRP/USDC PERP
Lighter XRPShow all 51 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Lighter RH XRP | +0.0096% | 1h | 1.5377 | +0.094% | $440K | $3.2M | 20x | as long as short |
| Nado XRP-PERPlong | +0.0100% | 1h | 1.5362 | long leg | $1.1M | $5.5M | 20x | |
| Aster XRPUSDT | +0.0100% | 8h | 1.5371 | +0.056% | $39.1M | $81.6M | 100x | as long as short |
| Pacifica XRP | +0.0100% | 1h | 1.5362 | −0.003% | $632K | $1.1M | 20x | as long as short |
| Binance XRPUSDT | +0.0100% | 8h | 1.5366 | +0.026% | $546.7M | $2.04B | 100x | as long as short |
| Bybit XRPUSDT | +0.0100% | 8h | 1.5365 | +0.016% | $341.9M | $924.3M | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.0100% | 8h | 1.5364 | +0.010% | $125.4M | $879.3M | 100x | as long as short |
| Ondo Perps XRP-USD.P | +0.0100% | 1h | 1.5345 | −0.114% | $572K | $41K | 5x | as long as short |
| Arcus XRP-USD | +0.0100% | 1h | 1.5365 | +0.016% | $117K | $758K | 20x | as long as short |
| Bulk XRP-USD | +0.0100% | 1h | 1.5410 | +0.309% | $1.7M | $572K | 20x | as long as short |
| Gate XRP_USDT | +0.0100% | 8h | 1.5369 | +0.042% | $361.5M | $147.9M | 100x | as long as short |
| MEXC XRP_USDT | +0.0100% | 8h | 1.5372 | +0.062% | $296.4M | $887.2M | 300x | as long as short |
| KuCoin XRPUSDTM | +0.0100% | 8h | 1.5366 | +0.025% | $110.2M | $165.5M | 75x | as long as short |
| Bitget XRPUSDT | +0.0100% | 8h | 1.5372 | +0.062% | $267.5M | $375.2M | 125x | as long as short |
| BingX XRP-USDC | +0.0100% | 8h | 1.5368 | +0.036% | — | $3.7M | — | as long as short |
| Variational Omni XRP | +0.0100% | 8h | 1.5364 | +0.013% | $11.5M | $30.7M | — | as long as short |
| edgeX XRPUSDC | +0.0100% | 4h | 1.5360 | −0.014% | $667K | $105.1M | 30x | as long as short |
| GRVT XRP_USDT_Perp | +0.0100% | 8h | 1.5364 | +0.010% | $1.1M | $40.4M | 20x | as long as short |
| ApeX Omni XRPUSDT | +0.0100% | 1h | 1.5364 | +0.010% | $1.0M | $900K | 50x | as long as short |
| Vest XRP-PERP | +0.0100% | 1h | 1.5365 | +0.013% | — | $10K | 10x | as long as short |
| Polymarket Perps XRP-USD | +0.0100% | 1h | 1.5366 | +0.023% | $47K | $455K | 20x | as long as short |
| Bullet XRP-USD | +0.0100% | 1h | 1.5367 | +0.030% | $41K | $68K | 20x | as long as short |
| Derive XRP-PERP | +0.0100% | 1h | 1.5360 | −0.014% | $827K | $81K | 10x | as long as short |
| SunX XRP-USDT | +0.0100% | 8h | 1.5365 | +0.016% | $129K | $1.8M | 30x | as long as short |
| SoDEX XRP-USD | +0.0100% | 1h | 1.5361 | −0.010% | $31K | $1.8M | 10x | as long as short |
| HTX XRP-USDT | +0.0100% | 8h | 1.5366 | +0.021% | $50.4M | $15.5M | 75x | as long as short |
| Phemex XRPUSDT | +0.0100% | 8h | 1.5365 | +0.016% | $54.7M | $29.5M | 50x | as long as short |
| Paradex XRP-USD-PERP | +0.0100% | 8h | 1.5359 | −0.021% | $479K | $54K | 50x | as long as short |
| Katana Perps XRP-USD | +0.0101% | 8h | 1.5366 | +0.023% | $12K | $269K | 20x | as long as short |
| Extended XRP-USD | +0.0104% | 1h | 1.5367 | +0.032% | $2.1M | $7.2M | 50x | as long as short |
| Aevo XRP-PERP | +0.0104% | 1h | 1.5358 | −0.030% | $72K | $40K | 3x | as long as short |
| 01 Exchange XRPUSD | +0.0168% | 1h | 1.5367 | +0.029% | $8K | $8K | 10x | as long as short |
| Reya XRPRUSDPERP | +0.0212% | 1h | 1.5364 | +0.008% | $1.4M | $8K | 15x | as long as short |
| BloFin XRP-USDT | +0.0220% | 8h | 1.5367 | +0.029% | $24.3M | $74.8M | 125x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.0224% | 1h | 1.5366 | +0.023% | $5.8M | $47.1M | 50x | as long as short |
| Backpack XRP_USDC_PERPshort | +0.0258% | 1h | 1.5376 | +0.088% | $1.7M | $1.0M | 25x | |
| Hibachi XRP/USDT-P | +0.0272% | 1h | 1.5378 | +0.101% | $17K | $82K | 7x | as long as short |
| Kalshi KXXRPPERP | +0.0308% | 8h | 1.5371 | +0.055% | $2.0M | $34.5M | 2.9x | as long as short |
| Hyperliquid XRP | +0.0588% | 1h | 1.5389 | +0.172% | $293.6M | $213.3M | 20x | as long as short |
| RISEx XRP/USDC | +0.0761% | 1h | 1.5374 | +0.074% | $500K | $638K | 10x | as long as short |
| Aftermath Perps XRPUSD | +0.0783% | 1h | 1.5387 | +0.158% | $1K | $11K | 10x | as long as short |
Lighter RH XRP
Aster XRPUSDT
Pacifica XRP
Binance XRPUSDT
Bybit XRPUSDT
OKX XRP-USDT-SWAP
Ondo Perps XRP-USD.P
Arcus XRP-USD
Bulk XRP-USD
Gate XRP_USDT
MEXC XRP_USDT
KuCoin XRPUSDTM
Bitget XRPUSDT
BingX XRP-USDC
Variational Omni XRP
edgeX XRPUSDC
GRVT XRP_USDT_Perp
ApeX Omni XRPUSDT
Vest XRP-PERP
Polymarket Perps XRP-USD
Bullet XRP-USD
Derive XRP-PERP
SunX XRP-USDT
SoDEX XRP-USD
HTX XRP-USDT
Phemex XRPUSDT
Paradex XRP-USD-PERP
Katana Perps XRP-USD
Extended XRP-USD
Aevo XRP-PERP
01 Exchange XRPUSD
Reya XRPRUSDPERP
BloFin XRP-USDT
Coinbase International XRP-PERP-INTX
Hibachi XRP/USDT-P
Kalshi KXXRPPERP
Hyperliquid XRP
RISEx XRP/USDC
Aftermath Perps XRPUSD