Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0023%/8h= −2.5% APRpaid last 24h −0.009%

Price spread now: Orderly against Nado−0.019%7-day average −0.006% · you buy dearer than you sell

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

Long on Nado Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.011%−$1 on $10k

Price spread, last 4 days (all we have)−0.452%−$45 · spread now −0.019%, 7d avg −0.006%

Together, before fees−0.464%+ Points / potential airdropNado: Active · farm board−$46 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.006%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado XRP-PERP	1.5166	0.0100	pay 0.0012% / 1h	3m 49s	$1.0M	$5.9M	20x
Short	Orderly PERP_XRP_USDC	1.5163	0.0077	get 0.0077% / 8h	5h 03m	$62K	$935K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.019%Rate

Funding earned: −$4.82
Price spread: −0.019% → −0.006%: −$1.39
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.21
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 5 min ago; Orderly: 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, 5 min ago	0.33 bp	4.4 bp −$4	8.5 bp −$85	42.5 bp −$4,246	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	1.5170	+0.027%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5173	+0.046%	$1.1M	$110K	10x	as long as short
Deribit XRP_USDC-PERPETUAL	0.0000%	1h	1.5168	+0.014%	$7.7M	$25.5M	50x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5162	−0.024%	$253K	—	150x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0032% / S +0.0036%	1h	1.5162	−0.027%	$832K	—	200x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.598%	$2K	$107K	30x	as long as short
01 Exchange XRPUSD	+0.0056%	1h	1.5170	+0.027%	$8K	$8K	10x	as long as short
Orderly PERP_XRP_USDCshort	+0.0077%	8h	1.5163	−0.019%	$62K	$935K	50x
Lighter XRP	+0.0096%	1h	1.5142	−0.156%	$2.8M	$14.5M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5146	−0.132%	$510K	$3.3M	20x	as long as short

Show all 51 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps XRP-USD	+0.0100%	8h	1.5162	−0.026%	$10K	$311K	20x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5166	long leg	$1.0M	$5.9M	20x
Hyperliquid XRP	+0.0100%	1h	1.5152	−0.092%	$281.4M	$223.5M	20x	as long as short
Aster XRPUSDT	+0.0100%	8h	1.5164	−0.011%	$38.3M	$83.5M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5175	+0.059%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5141	−0.165%	$534.6M	$2.10B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5155	−0.072%	$345.8M	$931.1M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5150	−0.105%	$125.7M	$872.0M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5169	+0.020%	$565K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5169	+0.020%	$114K	$714K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5164	−0.011%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5165	−0.006%	$368.9M	$154.3M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5163	−0.019%	$298.0M	$905.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5166	+0.003%	$108.3M	$172.2M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5145	−0.138%	$268.8M	$381.6M	125x	as long as short
BingX XRP-USDT	+0.0100%	8h	1.5159	−0.046%	—	$126.0M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5154	−0.082%	$5.9M	$36.8M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5173	+0.045%	$659K	$107.9M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5183	+0.112%	$1.1M	$35.4M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5189	+0.152%	$1.2M	$1.0M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5164	−0.010%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5168	+0.014%	$42K	$450K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5165	−0.006%	$41K	$68K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5163	−0.019%	$816K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5169	+0.020%	$127K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5165	−0.006%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5165	−0.006%	$49.6M	$15.6M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5168	+0.014%	$53.9M	$30.2M	50x	as long as short
Paradex XRP-USD-PERP	+0.0100%	8h	1.5169	+0.021%	$473K	$55K	50x	as long as short
Extended XRP-USD	+0.0104%	1h	1.5163	−0.022%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5163	−0.019%	$58K	$25K	3x	as long as short
Backpack XRP_USDC_PERP	+0.0175%	1h	1.5175	+0.060%	$1.9M	$1.3M	25x	as long as short
Hibachi XRP/USDT-P	+0.0192%	1h	1.5155	−0.072%	$17K	$82K	7x	as long as short
Reya XRPRUSDPERP	+0.0215%	1h	1.5161	−0.033%	$1.3M	$7K	15x	as long as short
Coinbase International XRP-PERP-INTX	+0.0216%	1h	1.5171	+0.033%	$5.7M	$46.9M	50x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5167	+0.007%	$24.2M	$75.7M	125x	as long as short
Kraken Futures PF_XRPUSD	+0.0273%	1h	1.5167	+0.008%	$14.4M	$73.5M	50x	as long as short
Kalshi KXXRPPERP	+0.0337%	8h	1.5178	+0.079%	$2.1M	$34.6M	2.9x	as long as short
RISEx XRP/USDC	+0.0484%	1h	1.5172	+0.037%	$517K	$780K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5190	+0.159%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0655%	1h	1.5182	+0.107%	$2K	$14K	10x	as long as short