Funding arb · Price arb /

XRP

all XRP markets

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: Bitget against Nado+0.177%52s7-day average −0.027% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.219% of the position

Long on Nado Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 7 days−0.210%−$21 · spread now +0.177%, 7d avg −0.027%

Together, before fees−0.214%+ Points / potential airdropNado: Active · farm board−$21 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: Bitget is 0.204% dearer against Nado than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5493	0.0100	pay 0.0012% / 1h	6m 47s	$1.1M	$5.4M	20x
Short	Bitget XRPUSDT	1.5521	0.0100	get 0.0100% / 8h	1h 06m	$271.0M	$366.2M	125x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.177%Rate

Funding earned: $0
Price spread: +0.177% → −0.027%: $20.41
Slippage, 4 orders: −$2.87
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$1.46
Costs to cover: 0.219%
Break-even: 149776861054508.2 days

Slippage from Nado: live order book, 2 min ago; Bitget: live order book, 7 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	8.5 bp −$85	43.6 bp −$4,357	doesn't fit
Sell Bitget live order book, 7 min ago	0.32 bp	7.0 bp −$7	10.2 bp −$102	15.7 bp −$1,572	22.3 bp −$11.1K

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	1.5481	−0.081%	$7K	$2K	20x	as long as short
GMX XRP/USD [ETH-USDC]	L 0.0000% / S +0.0113%	1h	1.5494	0.000%	$849K	—	200x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5506	+0.084%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5504	+0.068%	$9.5M	$25.1M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5495	+0.009%	$259K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.429%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5505	+0.075%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0054%	8h	1.5496	+0.016%	$76K	$909K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5516	+0.144%	$3.0M	$12.4M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5518	+0.158%	$443K	$3.2M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado XRP-PERPlong	+0.0100%	1h	1.5493	long leg	$1.1M	$5.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5512	+0.120%	$39.4M	$79.1M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5518	+0.157%	$639K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5515	+0.140%	$558.3M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5517	+0.152%	$345.8M	$903.6M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5517	+0.152%	$127.7M	$881.7M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5467	−0.171%	$576K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5522	+0.184%	$119K	$746K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	+0.051%	$1.7M	$578K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5507	+0.087%	$363.5M	$143.0M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5518	+0.158%	$298.7M	$868.4M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5518	+0.156%	$113.4M	$160.8M	75x	as long as short
Bitget XRPUSDTshort	+0.0100%	8h	1.5521	+0.177%	$271.0M	$366.2M	125x
BingX XRP-USDC	+0.0100%	8h	1.5507	+0.087%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5501	+0.051%	$11.8M	$30.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5508	+0.094%	$673K	$101.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5513	+0.127%	$1.1M	$41.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5507	+0.087%	$1.0M	$884K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5488	−0.033%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5504	+0.068%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5496	+0.013%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5498	+0.028%	$834K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5503	+0.065%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5501	+0.048%	$33K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5488	−0.038%	$50.9M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5502	+0.055%	$55.1M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5517	+0.150%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5491	−0.016%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5504	+0.070%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5496	+0.017%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5492	−0.010%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5495	+0.007%	$1.4M	$9K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5507	+0.087%	$6.0M	$47.4M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5499	+0.035%	$24.6M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5472	−0.136%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0290%	1h	1.5515	+0.139%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0321%	8h	1.5485	−0.055%	$1.9M	$33.2M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5500	+0.042%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5534	+0.263%	$509K	$631K	10x	as long as short
Hyperliquid XRP	+0.0582%	1h	1.5530	+0.236%	$290.3M	$204.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0774%	1h	1.5510	+0.110%	$1K	$11K	10x	as long as short