data as of
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Price arb /

XRP

all XRP markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$24
spread now−0.051%7d average—fees + slippage, in and out−$19spread needed0.186%
Long on BingXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX XRP-USDT1.48810.0100pay 0.0100% / 8h2h 31m—$85.1M—
ShortLighter XRP1.48730.0096get 0.0012% / 1h31m 44s$2.5M$5.2M20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$5.13
Funding while held
−$0.12
Slippage, 4 orders
−$8.64
Fee BingX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$23.9
Spread needed to break even
0.186%
Slippage from BingX: live order book, 14 min ago; Lighter: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0004%
Per $10,000 a day
−$0.12
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago1.01 bp6.0 bp −$66.4 bp −$648.5 bp −$85115.8 bp −$7,907
Sell Lighter live order book, 3 min ago2.88 bp3.7 bp −$47.1 bp −$7115.8 bp −$1,58437.1 bp −$18.6K

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
HTX1.4845+5.358%Aster1.4857+5.446%Aevo1.4858+5.451%Orderly1.4859+5.458%Phemex1.4859+5.458%Kraken Futures1.4861+5.469%Backpack1.4861+5.472%SoDEX1.4862+5.479%Deribit1.4863+5.486%KuCoin1.4864+5.493%gTrade (Gains Network)1.4864+5.493%Derive1.4864+5.494%GMX1.4865+5.498%SunX1.4866+5.505%Reya1.4866+5.506%Bullet1.4866+5.507%BloFin1.4866+5.507%Hibachi1.4867+5.514%Kalshi1.4867+5.515%Katana Perps1.4869+5.529%Paradex1.4870+5.537%Binance1.4872+5.550%Polymarket Perps1.4872+5.550%Coinbase International1.4872+5.550%Nado1.4872+5.554%dYdX1.4873+5.554%
Lighter1.4873+5.560%
01 Exchange1.4875+5.571%Vest1.4875+5.574%RISEx1.4876+5.581%OKX1.4877+5.586%Lighter RH1.4878+5.593%Bitget1.4878+5.593%Pacifica1.4879+5.598%Arcus1.4879+5.600%Bybit1.4880+5.607%Hotstuff1.4880+5.607%Extended1.4880+5.608%
BingX1.4881+5.614%
Ondo Perps1.4882+5.621%Gate1.4882+5.621%MEXC1.4884+5.635%Aftermath Perps1.4885+5.646%edgeX1.4887+5.659%ApeX Omni1.4889+5.671%Phoenix1.4890+5.678%Hyperliquid1.4902+5.763%Variational Omni1.4910+5.823%Bulk1.4913+5.841%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−5.316%+0.0033%1h$2K$85K30xas long as short
HTX XRP-USDT−0.242%+0.0100%8h$49.2M$11.3M75xas long as short
Aster XRPUSDT−0.159%+0.0100%8h$37.8M$58.3M100xas long as short
Aevo XRP-PERP−0.154%+0.0104%1h$71K$39K3xas long as short
Orderly PERP_XRP_USDC−0.148%+0.0054%8h$194K$567K50xas long as short
Phemex XRPUSDT−0.148%+0.0100%8h$53.4M$23.2M50xas long as short
Kraken Futures PF_XRPUSD−0.138%+0.0138%1h$17.3M$36.8M50xas long as short
Backpack XRP_USDC_PERP−0.134%+0.0100%1h$1.7M$904K25xas long as short
SoDEX XRP-USD−0.128%+0.0100%1h$29K$2.1M10xas long as short
Deribit XRP_USDC-PERPETUAL−0.121%0.0000%1h$8.1M$16.5M50xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
KuCoin XRPUSDTM−0.114%+0.0100%8h$110.6M$134.4M75xas long as short
gTrade (Gains Network) XRP/USD−0.114%L +0.0003% / S −0.0003%1h$207K—150xas long as short
Derive XRP-PERP−0.114%+0.0100%1h$800K$50K10xas long as short
GMX XRP/USD [ETH-USDC]−0.110%L −0.0223% / S +0.0299%1h$1.6M—200xas long as short
SunX XRP-USDT−0.103%+0.0100%8h$125K$1.5M30xas long as short
Reya XRPRUSDPERP−0.103%+0.0203%1h$1.3M$15K15xas long as short
Bullet XRP-USD−0.101%+0.0100%1h$41K$49K20xas long as short
BloFin XRP-USDT−0.101%+0.0220%8h$23.4M$45.5M125xas long as short
Hibachi XRP/USDT-P−0.094%+0.0224%1h$20K$24K7xas long as short
Kalshi KXXRPPERP−0.094%+0.0145%8h$1.7M$32.8M2.9xas long as short
Katana Perps XRP-USD−0.081%+0.0100%8h$13K$176K20xas long as short
Paradex XRP-USD-PERP−0.072%+0.0100%8h$465K$32K50xas long as short
Binance XRPUSDT−0.060%+0.0100%8h$531.3M$1.43B100xas long as short
Polymarket Perps XRP-USD−0.060%+0.0100%1h$54K$234K20xas long as short
Coinbase International XRP-PERP-INTX−0.060%+0.0208%1h$5.4M$29.7M50xas long as short
Nado XRP-PERP−0.057%+0.0100%1h$1.1M$4.0M20xas long as short
dYdX XRP-USD−0.057%0.0000%1h$1.1M$109K10xas long as short
Lighter XRPshort−0.051%+0.0096%1h$2.5M$5.2M20x
01 Exchange XRPUSD−0.040%+0.0144%1h$8K$8K10xas long as short
Vest XRP-PERP−0.038%+0.0100%1h—$3K10xas long as short
RISEx XRP/USDC−0.031%+0.0534%1h$424K$326K10xas long as short
OKX XRP-USDT-SWAP−0.027%+0.0100%8h$125.5M$668.1M100xas long as short
Lighter RH XRP−0.020%+0.0096%1h$445K$1.5M20xas long as short
Bitget XRPUSDT−0.020%+0.0100%8h$258.4M$259.7M125xas long as short
Pacifica XRP−0.015%+0.0100%1h$549K$725K20xas long as short
Arcus XRP-USD−0.013%+0.0100%1h$115K$565K20xas long as short
Bybit XRPUSDT−0.007%+0.0100%8h$327.9M$651.3M100xas long as short
Hotstuff XRP-PERP−0.007%−0.0080%1h$6K$2K20xas long as short
Extended XRP-USD−0.005%+0.0104%1h$2.0M$5.8M50xas long as short
BingX XRP-USDTlong0.000%+0.0100%8h—$85.1M—
Ondo Perps XRP-USD.P+0.007%+0.0100%1h$557K$45K5xas long as short
Gate XRP_USDT+0.007%+0.0100%8h$345.8M$113.2M100xas long as short
MEXC XRP_USDT+0.020%+0.0100%8h$258.7M$635.6M300xas long as short
Aftermath Perps XRPUSD+0.030%+0.0708%1h$1K$7K10xas long as short
edgeX XRPUSDC+0.043%−0.0109%4h$676K$72.2M30xas long as short
ApeX Omni XRPUSDT+0.054%+0.0100%1h$983K$564K50xas long as short
Phoenix XRP+0.060%0.0000%1h$26K$21K15xas long as short
Hyperliquid XRP+0.141%+0.0523%1h$261.1M$127.1M20xas long as short
Variational Omni XRP+0.198%+0.0100%8h$5.5M$10.3M—as long as short
Bulk XRP-USD+0.215%+0.0100%1h$1.7M$142K20xas long as short