Entry cost

XRP markets

Type a position size; every exchange is repriced against its live order book.

Asset

Cheapest round trip on $10kMEXC0.6 bp

You pay, in and out−$0.64

Second cheapest costs+$1.94 more

Venues that fill it36of 51

Margin at 300x$33

Exchange	Price	Taker / maker	Half-spread	Buy (long)	Sell (short)	Round trip	In $	Measured up to	Margin at max lev	Median 24h	Median 7d	p10-p90 7d
MEXC XRP_USDT · live order book, 5 min agocheapest	1.5445	0.000%/0.010%	0.32 bp	0.3 bp	0.3 bp	0.6 bp	−$0.64	$160.2M	$33 300x	0.7 bp	0.7 bp	0.7-0.7 bp
Lighter RH XRP · live order book, 4 min ago	1.5449	0.000%/0.000%	1.29 bp	1.3 bp	1.3 bp	2.6 bp	−$2.58	$1.4M	$500 20x	3.9 bp	3.9 bp	2.1-5.7 bp
Lighter XRP · live order book, 4 min ago	1.5450	0.000%/0.000%	0.56 bp	0.6 bp	2.3 bp	2.8 bp	−$2.85	$9.6M	$500 20x	4.4 bp	4.3 bp	2.3-6.2 bp
Extended XRP-USD · live order book, 4 min ago	1.5448	0.025%/0.000%	0.32 bp	2.8 bp	2.8 bp	5.7 bp	−$5.66	$694K	$200 50x	0.8 bp	0.9 bp	0.7-1.9 bp
Bulk XRP-USD · live order book, 5 min ago	1.5506	0.035%/0.000%	0.32 bp	3.8 bp	3.8 bp	7.6 bp	−$7.64	$67.7M	$500 20x	1.3 bp	1.3 bp	0.7-1.9 bp
SoDEX XRP-USD · live order book, 4 min ago	1.5445	0.040%/0.012%	0.32 bp	4.3 bp	4.3 bp	8.6 bp	−$8.64	$798K	$1,000 10x	0.7 bp	0.7 bp	0.7-1.4 bp
Nado XRP-PERP · live order book, 4 min ago	1.5439	0.035%/0.010%	0.32 bp	4.7 bp	4.1 bp	8.8 bp	−$8.77	$998K	$500 20x	1.2 bp	1.0 bp	0.7-2.9 bp
RISEx XRP/USDC · live order book, 44 min ago	1.5457	0.030%/0.010%	1.00 bp	4.8 bp	4.0 bp	8.8 bp	−$8.83	$229K	$1,000 10x	3.1 bp	3.1 bp	2.1-5.5 bp
Deribit XRP_USDC-PERPETUAL · live order book, 5 min ago	1.5445	0.035%/0.015%	0.65 bp	4.8 bp	4.9 bp	9.7 bp	−$9.70	$1.2M	$200 50x	3.2 bp	3.4 bp	1.8-5.0 bp
Hyperliquid XRP · live order book, 9 min ago	1.5460	0.045%/0.015%	0.32 bp	4.8 bp	5.1 bp	10.0 bp	−$9.96	$764K	$500 20x	0.7 bp	0.7 bp	0.7-2.0 bp
GRVT XRP_USDT_Perp · live order book, 5 min ago	1.5470	0.045%/0.000%	0.32 bp	5.5 bp	4.8 bp	10.3 bp	−$10	$2.6M	$500 20x	1.5 bp	1.2 bp	0.7-5.1 bp
Arcus XRP-USD · live order book, 44 min ago	1.5452	0.022%/0.000%	0.64 bp	5.0 bp	5.5 bp	10.4 bp	−$10	$722K	$500 20x	5.9 bp	7.2 bp	4.6-9.4 bp
Aster XRPUSDT · live order book, 5 min ago	1.5444	0.040%/0.000%	0.97 bp	5.6 bp	5.0 bp	10.6 bp	−$11	$2.1M	$100 100x	1.4 bp	1.4 bp	0.7-2.8 bp
Binance XRPUSDT · live order book, 10 min ago	1.5444	0.050%/0.020%	0.32 bp	5.3 bp	5.3 bp	10.6 bp	−$11	$28.2M	$100 100x	0.7 bp	0.7 bp	0.7-1.4 bp
Backpack XRP_USDC_PERP · live order book, 4 min ago	1.5453	0.050%/0.020%	0.32 bp	5.4 bp	5.3 bp	10.7 bp	−$11	$368K	$400 25x	0.7 bp	0.7 bp	0.7-1.2 bp
edgeX XRPUSDC · live order book, 5 min ago	1.5479	0.045%/0.040%	0.97 bp	5.5 bp	5.5 bp	10.9 bp	−$11	$1.8M	$333 30x	2.1 bp	2.1 bp	2.1-2.8 bp
Pacifica XRP · live order book, 4 min ago	1.5448	0.040%/0.015%	0.64 bp	6.2 bp	5.2 bp	11.4 bp	−$11	$69K	$500 20x	2.7 bp	3.1 bp	1.2-4.6 bp
Bybit XRPUSDT · live order book, 5 min ago	1.5440	0.055%/0.020%	0.32 bp	5.8 bp	5.8 bp	11.6 bp	−$12	$19.0M	$100 100x	0.7 bp	0.7 bp	0.7-2.4 bp
OKX XRP-USDT-SWAP · live order book, 5 min ago	1.5442	0.050%/0.020%	0.32 bp	6.4 bp	5.3 bp	11.8 bp	−$12	$7.0M	$100 100x	0.7 bp	0.7 bp	0.7-2.0 bp
BingX XRP-USDT · live order book, 5 min ago	1.5451	0.050%/0.020%	0.97 bp	6.0 bp	6.0 bp	11.9 bp	−$12	$154.1M	—	2.0 bp	2.1 bp	1.4-2.2 bp
Bitget XRPUSDT · live order book, 5 min ago	1.5445	0.060%/0.020%	0.32 bp	6.3 bp	6.4 bp	12.7 bp	−$13	$10.2M	$80 125x	1.8 bp	1.9 bp	0.7-4.4 bp
Paradex XRP-USD-PERP · live order book, 45 min ago	1.5449	0.020%/0.000%	4.50 bp	6.5 bp	6.5 bp	13.0 bp	−$13	$111K	$200 50x	9.0 bp	9.1 bp	8.5-10.7 bp
Coinbase International XRP-PERP-INTX · live order book, 5 min ago	1.5455	0.050%/—	0.32 bp	5.9 bp	8.4 bp	14.3 bp	−$14	$3.6M	$200 50x	5.3 bp	6.0 bp	4.1-8.3 bp
BloFin XRP-USDT · live order book, 5 min ago	1.5451	0.060%/0.020%	1.29 bp	7.3 bp	7.4 bp	14.7 bp	−$15	$18.8M	$80 125x	2.0 bp	1.8 bp	0.7-4.3 bp
Polymarket Perps XRP-USD · live order book, 43 min ago	1.5444	0.040%/0.013%	2.25 bp	7.5 bp	8.1 bp	15.6 bp	−$16	$832K	$500 20x	6.0 bp	5.8 bp	3.7-8.2 bp
ApeX Omni XRPUSDT · live order book, 4 min ago	1.5481	0.050%/0.020%	2.58 bp	8.7 bp	7.7 bp	16.4 bp	−$16	$226K	$200 50x	6.0 bp	5.0 bp	2.9-8.8 bp
Gate XRP_USDT · live order book, 4 min ago	1.5447	0.075%/0.020%	0.32 bp	10.0 bp	8.4 bp	18.4 bp	−$18	$26.0M	$100 100x	5.8 bp	5.5 bp	3.3-8.0 bp
HTX XRP-USDT · live order book, 5 min ago	1.5441	0.060%/0.020%	0.23 bp	8.3 bp	10.1 bp	18.4 bp	−$18	$4.5M	$133 75x	5.9 bp	5.0 bp	2.8-7.6 bp
Kalshi KXXRPPERP · live order book, 4 min ago	1.5450	0.050%/—	2.26 bp	11.1 bp	9.0 bp	20.1 bp	−$20	$1.3M	$3,468 2.9x	9.5 bp	9.5 bp	6.1-12.5 bp
Kraken Futures PF_XRPUSD · live order book, 5 min ago	1.5445	0.050%/0.020%	0.65 bp	10.5 bp	9.7 bp	20.2 bp	−$20	$9.6M	$200 50x	8.3 bp	7.6 bp	4.2-10.9 bp
KuCoin XRPUSDTM · live order book, 5 min ago	1.5447	0.060%/0.020%	0.39 bp	11.3 bp	9.7 bp	21.0 bp	−$21	$1.0M	$133 75x	5.2 bp	4.5 bp	2.2-7.3 bp
Phemex XRPUSDT · live order book, 5 min ago	1.5446	0.060%/0.010%	1.62 bp	8.0 bp	13.3 bp	21.3 bp	−$21	$1.5M	$200 50x	8.2 bp	8.3 bp	3.5-14.3 bp
SunX XRP-USDT · live order book, 11 min ago	1.5460	0.040%/0.020%	16.31 bp	21.6 bp	26.1 bp	47.6 bp	−$48	$455K	$333 30x	40.2 bp	40.2 bp	37.2-42.4 bp
dYdX XRP-USD · live order book, 5 min ago	1.5446	0.050%/0.010%	29.05 bp	34.1 bp	34.0 bp	68.2 bp	−$68	$46.2M	$1,000 10x	38.0 bp	37.8 bp	29.0-51.8 bp
Injective XRP/USDC PERP · live order book, 44 min ago	1.5560	0.000%/—	44.99 bp	45.0 bp	45.0 bp	90.0 bp	−$90	$137K	$333 30x	90.0 bp	91.9 bp	84.9-99.0 bp
gTrade (Gains Network) XRP/USD · virtual book (oracle venue), 44 min ago	1.5440	0.050%/0.035%	130.01 bp	135.0 bp	135.0 bp	270.0 bp	−$270	$2.2M	$67 150x	260.1 bp	260.1 bp	260.0-260.1 bp
Variational Omni XRP	1.5470	0.000%/0.000%	2.03 bp	the book does not hold this size
Reya XRPRUSDPERP	1.5444	0.030%/0.030%	—	no public order book; price impact follows the exchange's formula
GMX XRP/USD [ETH-USDC]	1.5445	0.060%/0.040%	—	oracle execution: slippage not modeled, see the exchange's docs
Derive XRP-PERP	1.5443	0.030%/0.010%	—	no order-book sample in the last 90 minutes
Ondo Perps XRP-USD.P	1.5473	0.025%/0.020%	—	no order-book sample in the last 90 minutes
Orderly PERP_XRP_USDC	1.5439	0.030%/0.000%	—	no order-book sample in the last 90 minutes
Aevo XRP-PERP	1.5443	0.080%/0.050%	—	below $100k OI and volume: not sampled
Phoenix XRP	1.5490	0.035%/0.005%	—	below $100k OI and volume: not sampled
Bullet XRP-USD	1.5455	0.040%/0.010%	—	below $100k OI and volume: not sampled
Hibachi XRP/USDT-P	1.5470	0.045%/0.000%	—	below $100k OI and volume: not sampled
Katana Perps XRP-USD	1.5451	0.019%/0.005%	—	no order-book sample in the last 90 minutes
01 Exchange XRPUSD	1.5454	0.035%/0.010%	—	below $100k OI and volume: not sampled
Hotstuff XRP-PERP	1.5441	0.025%/-0.002%	—	below $100k OI and volume: not sampled
Aftermath Perps XRPUSD	1.5509	0.045%/-0.005%	—	below $100k OI and volume: not sampled
Vest XRP-PERP	1.5446	0.010%/0.010%	—	below $100k OI and volume: not sampled

Slippage is the average fill price of a market order walking the book against the mid; the half-spread is part of it. A size between two measured points is interpolated and marked ~. Fees are each exchange's base taker tier, before volume tiers and token discounts. Exchanges that fill at an oracle price (GMX, Avantis, Jupiter) charge price impact by formula and are not modeled. RFQ exchanges (Variational) quote only $1k, $100k and $1M. The calculator runs from $1k to $5M.