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−$22
spread now+0.072%7d average+0.037%fees + slippage, in and out−$26spread needed0.260%
Long on ExtendedShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended XRP-USD1.50340.0104pay 0.0013% / 1h51m 27s$2.0M$6.7M50x
ShortPhemex XRPUSDT1.50450.0100get 0.0100% / 8h5h 51m$54.7M$25.8M50x

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
$7.16
Funding while held
−$0.12
Slippage, 4 orders
−$8.97
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$18.93
Spread needed to break even
0.260%
Slippage from Extended: live order book, 4 min ago; Phemex: live order book, 4 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 Extended live order book, 4 min ago0.33 bp2.8 bp −$34.8 bp −$48doesn't fitdoesn't fit
Sell Phemex live order book, 4 min ago3.34 bp9.7 bp −$1011.8 bp −$11820.3 bp −$2,035doesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
Variational Omni1.4940+6.036%Phoenix1.4950+6.104%ApeX Omni1.4987+6.366%Aftermath Perps1.4990+6.388%Ondo Perps1.4995+6.423%Bulk1.5007+6.505%Reya1.5010+6.529%Bitget1.5028+6.657%KuCoin1.5033+6.692%Gate1.5034+6.700%BloFin1.5034+6.700%
Extended1.5034+6.701%
edgeX1.5034+6.702%HTX1.5035+6.705%OKX1.5035+6.707%MEXC1.5035+6.707%dYdX1.5035+6.710%Lighter1.5036+6.712%Bybit1.5036+6.714%BingX1.5036+6.714%Vest1.5037+6.724%Binance1.5038+6.727%Pacifica1.5038+6.728%Polymarket Perps1.5038+6.728%Paradex1.5039+6.738%Lighter RH1.5042+6.757%Arcus1.5042+6.757%Aster1.5043+6.761%Katana Perps1.5044+6.771%
Phemex1.5045+6.778%
01 Exchange1.5046+6.785%Orderly1.5046+6.785%SoDEX1.5046+6.785%Nado1.5046+6.785%Hibachi1.5046+6.788%Hyperliquid1.5047+6.792%Deribit1.5047+6.792%RISEx1.5047+6.794%Kraken Futures1.5048+6.797%Kalshi1.5048+6.799%Derive1.5049+6.804%gTrade (Gains Network)1.5050+6.813%GMX1.5050+6.817%Aevo1.5051+6.821%Hotstuff1.5052+6.828%Bullet1.5052+6.831%Coinbase International1.5053+6.835%SunX1.5057+6.862%Backpack1.5063+6.906%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−6.281%+0.0033%1h$2K$63K30xas long as short
Variational Omni XRP−0.624%+0.0100%8h$5.2M$18.7M—as long as short
Phoenix XRP−0.560%0.0000%1h$69K$86K15xas long as short
ApeX Omni XRPUSDT−0.314%+0.0100%1h$998K$762K50xas long as short
Aftermath Perps XRPUSD−0.294%+0.0484%1h$1K$9K10xas long as short
Ondo Perps XRP-USD.P−0.261%+0.0100%1h$562K$47K5xas long as short
Bulk XRP-USD−0.184%+0.0100%1h$1.6M$259K20xas long as short
Reya XRPRUSDPERP−0.162%+0.0208%1h$1.3M$12K15xas long as short
Bitget XRPUSDT−0.041%+0.0100%8h$258.2M$310.1M125xas long as short
KuCoin XRPUSDTM−0.009%+0.0100%8h$109.5M$131.2M75xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate XRP_USDT−0.002%+0.0100%8h$349.3M$123.4M100xas long as short
BloFin XRP-USDT−0.002%+0.0220%8h$23.6M$57.2M125xas long as short
Extended XRP-USDlong0.000%+0.0104%1h$2.0M$6.7M50x
edgeX XRPUSDC+0.001%+0.0100%4h$654K$85.8M30xas long as short
HTX XRP-USDT+0.004%+0.0100%8h$49.6M$13.3M75xas long as short
OKX XRP-USDT-SWAP+0.005%+0.0100%8h$126.0M$777.3M100xas long as short
MEXC XRP_USDT+0.005%+0.0100%8h$298.2M$721.4M300xas long as short
dYdX XRP-USD+0.008%0.0000%1h$1.1M$96K10xas long as short
Lighter XRP+0.010%+0.0096%1h$2.9M$9.5M20xas long as short
Bybit XRPUSDT+0.012%+0.0100%8h$332.7M$743.5M100xas long as short
BingX XRP-USDT+0.012%+0.0100%8h—$98.6M—as long as short
Vest XRP-PERP+0.021%+0.0100%1h—$9K10xas long as short
Binance XRPUSDT+0.024%+0.0100%8h$534.3M$1.68B100xas long as short
Pacifica XRP+0.025%+0.0100%1h$664K$1.0M20xas long as short
Polymarket Perps XRP-USD+0.025%+0.0100%1h$64K$397K20xas long as short
Paradex XRP-USD-PERP+0.035%+0.0100%8h$471K$54K50xas long as short
Lighter RH XRP+0.052%+0.0096%1h$444K$2.2M20xas long as short
Arcus XRP-USD+0.052%+0.0100%1h$116K$571K20xas long as short
Aster XRPUSDT+0.056%+0.0100%8h$38.0M$67.1M100xas long as short
Katana Perps XRP-USD+0.065%+0.0100%8h$12K$256K20xas long as short
Phemex XRPUSDTshort+0.072%+0.0100%8h$54.7M$25.8M50x
01 Exchange XRPUSD+0.078%+0.0160%1h$8K$8K10xas long as short
Orderly PERP_XRP_USDC+0.078%+0.0052%8h$184K$776K50xas long as short
SoDEX XRP-USD+0.078%+0.0100%1h$31K$1.9M10xas long as short
Nado XRP-PERP+0.079%+0.0100%1h$1.1M$4.8M20xas long as short
Hibachi XRP/USDT-P+0.081%+0.0160%1h$19K$30K7xas long as short
Hyperliquid XRP+0.085%+0.0433%1h$271.1M$153.2M20xas long as short
Deribit XRP_USDC-PERPETUAL+0.085%0.0000%1h$8.7M$20.7M50xas long as short
RISEx XRP/USDC+0.086%+0.0465%1h$388K$462K10xas long as short
Kraken Futures PF_XRPUSD+0.089%+0.0100%1h$17.0M$45.9M50xas long as short
Kalshi KXXRPPERP+0.092%+0.0158%8h$1.7M$32.3M2.9xas long as short
Derive XRP-PERP+0.096%+0.0100%1h$810K$65K10xas long as short
gTrade (Gains Network) XRP/USD+0.105%L +0.0003% / S −0.0003%1h$220K—150xas long as short
GMX XRP/USD [ETH-USDC]+0.108%L −0.0206% / S +0.0292%1h$1.6M—200xas long as short
Aevo XRP-PERP+0.112%+0.0104%1h$72K$39K3xas long as short
Hotstuff XRP-PERP+0.118%−0.0080%1h$6K$2K20xas long as short
Bullet XRP-USD+0.121%+0.0100%1h$41K$58K20xas long as short
Coinbase International XRP-PERP-INTX+0.125%+0.0216%1h$5.1M$38.2M50xas long as short
SunX XRP-USDT+0.151%+0.0100%8h$126K$1.7M30xas long as short
Backpack XRP_USDC_PERP+0.191%+0.0153%1h$1.6M$883K25xas long as short