Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Nado+0.085%7-day average −0.029% · 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−$9as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on Nado Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.012%−$1 on $10k

Price spread, last 7 days−0.126%−$13 · spread now +0.085%, 7d avg −0.029%

Together, before fees−0.138%+ Points / potential airdropNado: Active · farm board−$14 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: Binance is 0.114% dearer against Nado than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5615	0.0100	pay 0.0012% / 1h	46m 59s	$1.1M	$5.4M	20x
Short	Binance XRPUSDT	1.5629	0.0100	get 0.0100% / 8h	1h 46m	$566.6M	$1.92B	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Nado. 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 NadobpFee BinancebpOrdersPrice spread, now +0.085%Rate

Funding earned: $0
Price spread: +0.085% → −0.029%: $11.36
Slippage, 4 orders: −$2.96
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$8.6
Costs to cover: 0.200%
Break-even: 883333901139412.8 days

Slippage from Nado: live order book, 2 min ago; Binance: live order book, 12 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, 2 min ago	0.32 bp	4.0 bp −$4	9.9 bp −$99	38.2 bp −$3,819	doesn't fit
Sell Binance live order book, 12 min ago	0.32 bp	5.3 bp −$5	5.6 bp −$56	13.2 bp −$1,323	29.4 bp −$14.7K

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	1.5636	+0.131%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5628	+0.080%	$1.1M	$104K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5607	−0.058%	$261K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0006%	1h	1.5622	+0.042%	$9.6M	$24.9M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5290	−2.084%	$2K	$86K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5616	+0.004%	$15.7M	$67.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0052%	8h	1.5626	+0.067%	$82K	$935K	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0079% / S +0.0144%	1h	1.5604	−0.075%	$923K	—	200x	as long as short
Hibachi XRP/USDT-P	+0.0080%	1h	1.5629	+0.083%	$19K	$73K	7x	as long as short
Lighter XRP	+0.0096%	1h	1.5619	+0.019%	$3.0M	$11.7M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH XRP	+0.0096%	1h	1.5618	+0.016%	$460K	$3.1M	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5615	long leg	$1.1M	$5.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5622	+0.039%	$39.8M	$75.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5638	+0.144%	$676K	$1.1M	20x	as long as short
Binance XRPUSDTshort	+0.0100%	8h	1.5629	+0.085%	$566.6M	$1.92B	100x
Bybit XRPUSDT	+0.0100%	8h	1.5632	+0.106%	$355.1M	$870.2M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5630	+0.093%	$128.8M	$869.4M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5541	−0.477%	$579K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5638	+0.144%	$121K	$724K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5527	−0.567%	$1.7M	$572K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5621	+0.035%	$372.2M	$135.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5634	+0.118%	$291.0M	$823.8M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5634	+0.117%	$113.0M	$153.5M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5634	+0.118%	$271.4M	$352.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5616	+0.003%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5524	−0.585%	$11.8M	$29.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5540	−0.484%	$675K	$98.4M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5571	−0.288%	$1.1M	$41.9M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5583	−0.208%	$1.0M	$878K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5615	−0.005%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5621	+0.035%	$54K	$436K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5607	−0.055%	$42K	$62K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5625	+0.061%	$841K	$71K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5620	+0.026%	$131K	$1.7M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5619	+0.022%	$30K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5615	−0.006%	$51.3M	$15.1M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5614	−0.010%	$55.6M	$28.8M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5637	+0.136%	$488K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5631	+0.099%	$12K	$248K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5630	+0.090%	$2.2M	$7.0M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5619	+0.019%	$73K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5633	+0.112%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0211%	1h	1.5610	−0.038%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5628	+0.080%	$5.8M	$46.3M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5619	+0.022%	$24.6M	$71.9M	125x	as long as short
Kalshi KXXRPPERP	+0.0338%	8h	1.5634	+0.118%	$1.9M	$32.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0367%	1h	1.5633	+0.112%	$1.8M	$979K	25x	as long as short
Phoenix XRP	+0.0516%	1h	1.5590	−0.163%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5639	+0.150%	$409K	$531K	10x	as long as short
Aftermath Perps XRPUSD	+0.0589%	1h	1.5586	−0.192%	$1K	$11K	10x	as long as short
Hyperliquid XRP	+0.0647%	1h	1.5641	+0.163%	$290.0M	$195.9M	20x	as long as short