Funding arb · Price arb /

XRP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Nado−0.266%50s7-day average −0.013% · 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—prices read too far apart to compare

costs, in and out, $10k−$220.218% of the position

Long on Nado Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.133%+$13 · spread now −0.266%, 7d avg −0.013%

Together, before fees+0.131%+ Points / potential airdropNado: Active · Paradex: Active · farm board+$13 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: Paradex is 0.253% cheaper against Nado than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 50 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	1.5208	0.0100	pay 0.0012% / 1h	42m 45s	$1.0M	$6.0M	20x
Short	Paradex XRP-USD-PERP	1.5168	0.0100	get 0.0100% / 8h	3h 42m	$473K	$55K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.266%Rate

Funding earned: $0
Price spread: −0.266% → −0.013%: −$25.32
Slippage, 4 orders: −$10.77
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$47.09
Costs to cover: 0.218%
Break-even: 29505718.0 days

Slippage from Nado: live order book, 1 min ago; Paradex: live order book, 11 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, 1 min ago	0.33 bp	4.7 bp −$5	9.1 bp −$91	41.5 bp −$4,149	doesn't fit
Sell Paradex live order book, 11 min ago	4.61 bp	6.6 bp −$7	155.8 bp −$1,558	doesn't fit	doesn't fit

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	1.5204	−0.030%	$5K	$3K	20x	as long as short
dYdX XRP-USD	0.0000%	1h	1.5180	−0.187%	$1.1M	$111K	10x	as long as short
gTrade (Gains Network) XRP/USD	L +0.0003% / S −0.0004%	1h	1.5198	−0.069%	$262K	—	150x	as long as short
Deribit XRP_USDC-PERPETUAL	+0.0013%	1h	1.5204	−0.030%	$7.8M	$25.6M	50x	as long as short
Kraken Futures PF_XRPUSD	+0.0021%	1h	1.5201	−0.049%	$14.4M	$74.2M	50x	as long as short
Injective XRP/USDC PERP	+0.0033%	1h	1.5560	+2.311%	$2K	$107K	30x	as long as short
GMX XRP/USD [ETH-USDC]	L +0.0051% / S +0.0014%	1h	1.5200	−0.055%	$780K	—	200x	as long as short
Lighter XRP	+0.0096%	1h	1.5182	−0.176%	$2.8M	$14.6M	20x	as long as short
Lighter RH XRP	+0.0096%	1h	1.5185	−0.155%	$498K	$3.3M	20x	as long as short
Katana Perps XRP-USD	+0.0098%	8h	1.5171	−0.247%	$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	1.5197	−0.076%	$62K	$934K	50x	as long as short
Nado XRP-PERPlong	+0.0100%	1h	1.5208	long leg	$1.0M	$6.0M	20x
Aster XRPUSDT	+0.0100%	8h	1.5188	−0.138%	$38.3M	$84.6M	100x	as long as short
Pacifica XRP	+0.0100%	1h	1.5181	−0.179%	$609K	$1.1M	20x	as long as short
Binance XRPUSDT	+0.0100%	8h	1.5179	−0.195%	$533.2M	$2.14B	100x	as long as short
Bybit XRPUSDT	+0.0100%	8h	1.5169	−0.260%	$345.7M	$942.0M	100x	as long as short
OKX XRP-USDT-SWAP	+0.0100%	8h	1.5170	−0.253%	$127.1M	$885.9M	100x	as long as short
Ondo Perps XRP-USD.P	+0.0100%	1h	1.5193	−0.102%	$566K	$28K	5x	as long as short
Arcus XRP-USD	+0.0100%	1h	1.5172	−0.240%	$118K	$688K	20x	as long as short
Bulk XRP-USD	+0.0100%	1h	1.5203	−0.036%	$1.6M	$49K	20x	as long as short
Gate XRP_USDT	+0.0100%	8h	1.5167	−0.273%	$370.6M	$154.1M	100x	as long as short
MEXC XRP_USDT	+0.0100%	8h	1.5170	−0.253%	$292.1M	$900.1M	300x	as long as short
KuCoin XRPUSDTM	+0.0100%	8h	1.5173	−0.235%	$108.8M	$176.9M	75x	as long as short
Bitget XRPUSDT	+0.0100%	8h	1.5166	−0.279%	$268.5M	$388.7M	125x	as long as short
BingX XRP-USDC	+0.0100%	8h	1.5166	−0.279%	—	$4.2M	—	as long as short
Variational Omni XRP	+0.0100%	8h	1.5202	−0.044%	$4.9M	$38.2M	—	as long as short
edgeX XRPUSDC	+0.0100%	4h	1.5212	+0.024%	$661K	$109.6M	30x	as long as short
GRVT XRP_USDT_Perp	+0.0100%	8h	1.5201	−0.050%	$1.1M	$36.8M	20x	as long as short
ApeX Omni XRPUSDT	+0.0100%	1h	1.5199	−0.062%	$1.2M	$1.1M	50x	as long as short
Vest XRP-PERP	+0.0100%	1h	1.5208	−0.006%	—	$11K	10x	as long as short
Polymarket Perps XRP-USD	+0.0100%	1h	1.5210	+0.010%	$45K	$476K	20x	as long as short
Bullet XRP-USD	+0.0100%	1h	1.5204	−0.027%	$41K	$69K	20x	as long as short
Derive XRP-PERP	+0.0100%	1h	1.5204	−0.032%	$818K	$72K	10x	as long as short
SunX XRP-USDT	+0.0100%	8h	1.5211	+0.018%	$128K	$1.8M	30x	as long as short
SoDEX XRP-USD	+0.0100%	1h	1.5203	−0.036%	$29K	$1.7M	10x	as long as short
HTX XRP-USDT	+0.0100%	8h	1.5201	−0.047%	$49.7M	$15.7M	75x	as long as short
Phemex XRPUSDT	+0.0100%	8h	1.5203	−0.036%	$54.2M	$31.1M	50x	as long as short
Paradex XRP-USD-PERPshort	+0.0100%	8h	1.5168	−0.266%	$473K	$55K	50x
Extended XRP-USD	+0.0104%	1h	1.5163	−0.298%	$2.0M	$6.8M	50x	as long as short
Aevo XRP-PERP	+0.0104%	1h	1.5200	−0.057%	$58K	$25K	3x	as long as short
01 Exchange XRPUSD	+0.0168%	1h	1.5209	+0.003%	$9K	$8K	10x	as long as short
Coinbase International XRP-PERP-INTX	+0.0184%	1h	1.5209	+0.003%	$5.6M	$47.6M	50x	as long as short
Reya XRPRUSDPERP	+0.0217%	1h	1.5207	−0.008%	$1.3M	$7K	15x	as long as short
BloFin XRP-USDT	+0.0220%	8h	1.5206	−0.016%	$24.1M	$76.1M	125x	as long as short
Hibachi XRP/USDT-P	+0.0256%	1h	1.5206	−0.017%	$17K	$82K	7x	as long as short
Kalshi KXXRPPERP	+0.0296%	8h	1.5210	+0.010%	$2.0M	$35.1M	2.9x	as long as short
Backpack XRP_USDC_PERP	+0.0296%	1h	1.5215	+0.043%	$2.0M	$1.4M	25x	as long as short
Hyperliquid XRP	+0.0312%	1h	1.5201	−0.051%	$292.8M	$234.9M	20x	as long as short
RISEx XRP/USDC	+0.0358%	1h	1.5174	−0.228%	$517K	$774K	10x	as long as short
Phoenix XRP	+0.0528%	1h	1.5210	+0.010%	$68K	$110K	15x	as long as short
Aftermath Perps XRPUSD	+0.0664%	1h	1.5212	+0.025%	$2K	$15K	10x	as long as short