Funding arb · Price arb /

XRP

all XRP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Derive against Nado−0.013%7-day average +0.002% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Nado Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 4 days (all we have)−0.148%−$15 · spread now −0.013%, 7d avg +0.002%

Together, before fees−0.148%+ Points / potential airdropNado: Active · farm board−$15 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5206	0.0100	pay 0.0012% / 1h	46m 05s	$1.0M	$6.0M	20x
Short	Derive XRP-PERP	1.5205	0.0100	get 0.0013% / 1h	46m 05s	$818K	$72K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.002%: −$1.47
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$14.47
Costs to cover: 0.130%
Break-even: 1486459179107817.0 days

Slippage unknown: Nado: live order book, 3 min ago; Derive: no order-book sample. Net counts fees only.

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	3.8 bp −$4	10.5 bp −$105	41.3 bp −$4,135	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	1.5206	−0.003%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5203	−0.025%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5201	−0.036%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5205	−0.010%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5199	−0.048%	$14.4M	$74.1M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.325%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0015%	1h	1.5201	−0.037%	$780K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5205	−0.008%	$2.9M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5202	−0.030%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5197	−0.062%	$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	1.5203	−0.023%	$62K	$934K	50x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5206	long leg	$1.0M	$6.0M	20x
Aster XRPUSDT	+0.0100%	8h	1.5205	−0.009%	$38.5M	$84.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5203	−0.024%	$610K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5206	0.000%	$534.7M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5207	+0.003%	$346.9M	$941.5M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5208	+0.010%	$127.2M	$887.5M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5232	+0.168%	$566K	$29K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5201	−0.036%	$118K	$702K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5181	−0.168%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5199	−0.049%	$371.5M	$153.9M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5199	−0.049%	$293.1M	$899.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5202	−0.030%	$108.8M	$176.6M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5206	−0.003%	$269.3M	$388.5M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5201	−0.036%	—	$127.4M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.031%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5208	+0.010%	$660K	$109.5M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5208	+0.011%	$1.1M	$36.7M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5214	+0.049%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5206	−0.005%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5207	+0.003%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5203	−0.023%	$41K	$68K	20x	as long as short
Derive XRP-PERPshort	+0.0100%	1h	1.5205	−0.013%	$818K	$72K	10x
SunX XRP-USDT	+0.0100%	8h	1.5201	−0.034%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	−0.023%	$28K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5202	−0.028%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5202	−0.030%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5200	−0.046%	$474K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5199	−0.048%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5202	−0.028%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0160%	1h	1.5204	−0.016%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5207	+0.003%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0216%	1h	1.5201	−0.035%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5212	+0.036%	$24.1M	$76.0M	125x	as long as short
Hibachi XRP/USDT-P	+0.0248%	1h	1.5214	+0.048%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0277%	8h	1.5212	+0.036%	$2.0M	$35.1M	2.9x	as long as short
Hyperliquid XRP	+0.0298%	1h	1.5214	+0.049%	$292.6M	$234.6M	20x	as long as short
Backpack XRP_USDC_PERP	+0.0303%	1h	1.5209	+0.016%	$2.0M	$1.4M	25x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5203	−0.026%	$518K	$773K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5220	+0.089%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0650%	1h	1.5212	+0.038%	$2K	$15K	10x	as long as short