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: Gate against Nado−0.014%7-day average −0.030% · 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−$27as in the Price arb table

costs, in and out, $10k−$290.288% of the position

Long on Nado Short on Gate

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−0.041%−$4 · spread now −0.014%, 7d avg −0.030%

Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$5 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	1.5512	0.0100	pay 0.0012% / 1h	5m 30s	$1.1M	$5.4M	20x
Short	Gate XRP_USDT	1.5510	0.0100	get 0.0100% / 8h	1h 05m	$363.5M	$143.0M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.030%: $1.62
Slippage, 4 orders: −$6.81
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$27.19
Costs to cover: 0.288%
Break-even: 2793221943866898.5 days

Slippage from Nado: live order book, 3 min ago; Gate: live order book, 4 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	0.32 bp	4.0 bp −$4	8.5 bp −$85	43.6 bp −$4,357	doesn't fit
Sell Gate live order book, 4 min ago	0.32 bp	10.9 bp −$11	13.5 bp −$135	26.4 bp −$2,641	38.6 bp −$19.3K

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	1.5511	−0.007%	$7K	$2K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5504	−0.054%	$1.1M	$113K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5521	+0.057%	$9.5M	$25.1M	50x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0001% / S +0.0113%	1h	1.5511	−0.008%	$853K	—	200x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5511	−0.005%	$260K	—	150x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+0.308%	$2K	$107K	30x	as long as short
Kraken Futures PF_XRPUSD	+0.0041%	1h	1.5519	+0.042%	$15.5M	$68.5M	50x	as long as short
Orderly PERP_XRP_USDC	+0.0055%	8h	1.5521	+0.057%	$76K	$909K	50x	as long as short
Lighter XRP	+0.0096%	1h	1.5506	−0.037%	$3.0M	$12.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5511	−0.007%	$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	1.5512	long leg	$1.1M	$5.4M	20x
Aster XRPUSDT	+0.0100%	8h	1.5512	−0.004%	$39.4M	$79.0M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5510	−0.014%	$638K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5514	+0.009%	$558.2M	$1.99B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5512	−0.001%	$346.2M	$903.7M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5519	+0.044%	$127.7M	$881.6M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5500	−0.078%	$576K	$41K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5514	+0.012%	$119K	$746K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5501	−0.070%	$1.7M	$578K	20x	as long as short
Gate XRP_USDTshort	+0.0100%	8h	1.5510	−0.014%	$363.5M	$143.0M	100x
MEXC XRP_USDT	+0.0100%	8h	1.5514	+0.012%	$300.5M	$868.9M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5511	−0.005%	$113.1M	$161.0M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5516	+0.025%	$270.9M	$366.3M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5512	−0.001%	—	$3.7M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5501	−0.069%	$11.8M	$30.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5481	−0.202%	$672K	$102.3M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5513	+0.006%	$1.1M	$41.1M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5496	−0.104%	$1.0M	$885K	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5514	+0.010%	—	$10K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5515	+0.018%	$46K	$449K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5512	−0.001%	$42K	$66K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5523	+0.069%	$836K	$81K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5526	+0.086%	$130K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5520	+0.051%	$32K	$1.9M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5517	+0.033%	$51.0M	$15.4M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5517	+0.031%	$55.2M	$29.0M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5512	0.000%	$484K	$54K	50x	as long as short
Katana Perps XRP-USD	+0.0101%	8h	1.5508	−0.027%	$11K	$261K	20x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5507	−0.030%	$2.1M	$7.1M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5520	+0.048%	$72K	$40K	3x	as long as short
01 Exchange XRPUSD	+0.0176%	1h	1.5515	+0.018%	$8K	$8K	10x	as long as short
Reya XRPRUSDPERP	+0.0212%	1h	1.5512	−0.004%	$1.4M	$8K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5529	+0.109%	$6.0M	$47.5M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5499	−0.085%	$24.6M	$73.6M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5494	−0.115%	$18K	$82K	7x	as long as short
Backpack XRP_USDC_PERP	+0.0294%	1h	1.5525	+0.083%	$1.7M	$1.0M	25x	as long as short
Kalshi KXXRPPERP	+0.0320%	8h	1.5526	+0.089%	$1.9M	$33.2M	2.9x	as long as short
Phoenix XRP	+0.0516%	1h	1.5520	+0.051%	$69K	$90K	15x	as long as short
RISEx XRP/USDC	+0.0527%	1h	1.5523	+0.068%	$508K	$630K	10x	as long as short
Hyperliquid XRP	+0.0580%	1h	1.5530	+0.115%	$290.4M	$204.6M	20x	as long as short
Aftermath Perps XRPUSD	+0.0773%	1h	1.5518	+0.040%	$1K	$11K	10x	as long as short