data as of
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Price arb /

XRP

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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−$50
spread now−0.146%7d average−0.062%fees + slippage, in and out−$42spread needed0.417%
Long on HyperliquidShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid XRP1.50500.0903pay 0.0113% / 1h47m 05s$269.3M$149.0M20x
ShortPhemex XRPUSDT1.50280.0100get 0.0100% / 8h47m 05s$54.0M$25.1M50x

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
−$14.62
Funding while held
−$24.1
Slippage, 4 orders
−$20.69
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$80.41
Spread needed to break even
0.417%
Slippage from Hyperliquid: live order book, 8 min ago; Phemex: live order book, 3 min ago.

Cost of waiting

funding view
Funding /8h
−0.0803%
Per $10,000 a day
−$24.10
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 Hyperliquid live order book, 8 min ago0.33 bp6.1 bp −$67.7 bp −$77doesn't fitdoesn't fit
Sell Phemex live order book, 3 min ago5.65 bp11.6 bp −$1215.0 bp −$15025.1 bp −$2,506doesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
Katana Perps1.5001+6.466%dYdX1.5002+6.474%Pacifica1.5005+6.492%Paradex1.5005+6.496%01 Exchange1.5008+6.515%Arcus1.5009+6.522%Nado1.5011+6.533%Reya1.5014+6.558%RISEx1.5015+6.564%Variational Omni1.5016+6.569%Polymarket Perps1.5016+6.572%Bullet1.5016+6.572%Vest1.5016+6.573%GMX1.5017+6.578%HTX1.5018+6.586%Bybit1.5019+6.593%gTrade (Gains Network)1.5019+6.595%OKX1.5020+6.600%Phoenix1.5020+6.600%Kalshi1.5021+6.608%Extended1.5023+6.619%BloFin1.5023+6.622%Orderly1.5024+6.629%Ondo Perps1.5025+6.636%Hotstuff1.5025+6.636%Aevo1.5026+6.639%MEXC1.5026+6.643%BingX1.5026+6.643%Gate1.5027+6.650%Bitget1.5027+6.650%Aster1.5027+6.650%Lighter1.5028+6.657%
Phemex1.5028+6.657%
Derive1.5029+6.663%Deribit1.5029+6.664%KuCoin1.5030+6.669%Lighter RH1.5031+6.678%SoDEX1.5031+6.678%Aftermath Perps1.5031+6.681%Kraken Futures1.5032+6.683%Binance1.5032+6.684%Backpack1.5034+6.700%SunX1.5035+6.704%Bulk1.5037+6.721%Coinbase International1.5038+6.728%ApeX Omni1.5041+6.749%edgeX1.5045+6.774%Hibachi1.5050+6.812%
Hyperliquid1.5050+6.813%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−6.379%+0.0033%1h$2K$63K30xas long as short
Katana Perps XRP-USD−0.326%+0.0100%8h$13K$221K20xas long as short
dYdX XRP-USD−0.318%0.0000%1h$1.1M$107K10xas long as short
Pacifica XRP−0.301%+0.0100%1h$636K$982K20xas long as short
Paradex XRP-USD-PERP−0.297%+0.0100%8h$469K$54K50xas long as short
01 Exchange XRPUSD−0.279%+0.0152%1h$8K$8K10xas long as short
Arcus XRP-USD−0.272%+0.0100%1h$117K$594K20xas long as short
Nado XRP-PERP−0.262%+0.0100%1h$1.1M$4.7M20xas long as short
Reya XRPRUSDPERP−0.239%+0.0205%1h$1.3M$15K15xas long as short
RISEx XRP/USDC−0.234%+0.0579%1h$396K$411K10xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni XRP−0.228%+0.0100%8h$5.7M$16.2M—as long as short
Polymarket Perps XRP-USD−0.226%+0.0100%1h$56K$363K20xas long as short
Bullet XRP-USD−0.226%+0.0100%1h$41K$55K20xas long as short
Vest XRP-PERP−0.225%+0.0100%1h—$9K10xas long as short
GMX XRP/USD [ETH-USDC]−0.221%L −0.0205% / S +0.0292%1h$1.6M—200xas long as short
HTX XRP-USDT−0.213%+0.0100%8h$49.6M$13.0M75xas long as short
Bybit XRPUSDT−0.206%+0.0100%8h$334.0M$738.5M100xas long as short
gTrade (Gains Network) XRP/USD−0.204%L +0.0003% / S −0.0003%1h$209K—150xas long as short
OKX XRP-USDT-SWAP−0.199%+0.0100%8h$125.1M$755.0M100xas long as short
Phoenix XRP−0.199%0.0000%1h$26K$28K15xas long as short
Kalshi KXXRPPERP−0.193%+0.0193%8h$2.0M$34.2M2.9xas long as short
Extended XRP-USD−0.182%+0.0104%1h$1.9M$7.2M50xas long as short
BloFin XRP-USDT−0.179%+0.0220%8h$23.6M$55.6M125xas long as short
Orderly PERP_XRP_USDC−0.173%+0.0051%8h$189K$765K50xas long as short
Ondo Perps XRP-USD.P−0.166%+0.0100%1h$561K$47K5xas long as short
Hotstuff XRP-PERP−0.166%−0.0080%1h$6K$2K20xas long as short
Aevo XRP-PERP−0.163%+0.0104%1h$72K$39K3xas long as short
MEXC XRP_USDT−0.159%+0.0100%8h$289.1M$705.3M300xas long as short
BingX XRP-USDC−0.159%+0.0100%8h—$3.6M—as long as short
Gate XRP_USDT−0.153%+0.0100%8h$357.8M$119.5M100xas long as short
Bitget XRPUSDT−0.153%+0.0100%8h$257.9M$302.2M125xas long as short
Aster XRPUSDT−0.153%+0.0100%8h$38.1M$65.3M100xas long as short
Lighter XRP−0.146%+0.0096%1h$2.9M$7.4M20xas long as short
Phemex XRPUSDTshort−0.146%+0.0100%8h$54.0M$25.1M50x
Derive XRP-PERP−0.141%+0.0100%1h$809K$68K10xas long as short
Deribit XRP_USDC-PERPETUAL−0.140%0.0000%1h$8.3M$19.2M50xas long as short
KuCoin XRPUSDTM−0.135%+0.0100%8h$115.4M$143.0M75xas long as short
Lighter RH XRP−0.126%+0.0096%1h$494K$1.9M20xas long as short
SoDEX XRP-USD−0.126%+0.0100%1h$29K$2.1M10xas long as short
Aftermath Perps XRPUSD−0.124%+0.0863%1h$1K$8K10xas long as short
Kraken Futures PF_XRPUSD−0.122%+0.0365%1h$17.5M$42.2M50xas long as short
Binance XRPUSDT−0.122%+0.0100%8h$534.7M$1.63B100xas long as short
Backpack XRP_USDC_PERP−0.106%+0.0100%1h$1.7M$934K25xas long as short
SunX XRP-USDT−0.102%+0.0100%8h$126K$1.7M30xas long as short
Bulk XRP-USD−0.086%+0.0100%1h$1.7M$239K20xas long as short
Coinbase International XRP-PERP-INTX−0.080%+0.0224%1h$5.6M$36.1M50xas long as short
ApeX Omni XRPUSDT−0.060%+0.0100%1h$1.2M$723K50xas long as short
edgeX XRPUSDC−0.036%−0.0101%4h$683K$83.2M30xas long as short
Hibachi XRP/USDT-P−0.001%+0.0296%1h$20K$30K7xas long as short
Hyperliquid XRPlong0.000%+0.0903%1h$269.3M$149.0M20x