Spread before costs (cost unknown: a leg has no order-book sample)−0.440%
7d average+0.042%if it closes, per $10,000$44funding while held, a day+$0.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Katana Perps XRP-USD | 1.4946 | 0.0100 | pay 0.0100% / 8h | 6h 51m | $12K | $239K | 20x |
| Short | Variational Omni XRP | 1.4880 | 0.0100 | get 0.0100% / 8h | 6h 51m | $5.3M | $18.0M | — |
Katana Perps XRP-USD
Variational Omni XRPPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- −$44.05
- Funding while held
- $0.01
- Slippage, 4 orders
- no order book: not counted
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$47.84
- Spread needed to break even
- 0.038%
Slippage unknown: Katana Perps: no order-book sample; Variational Omni: RFQ quote, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.01
- Average in range /8h
- —
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 Katana Perps no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 4 min ago | 2.05 bp | doesn't fit | 3.1 bp −$31 | 16.1 bp −$1,608 | doesn't fit |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
XRP price on every exchange
against the cheapest. Click to use as the short leg.Injective1.4090cheapest
Bulk1.4876+5.575%ApeX Omni1.4877+5.586%
Injective
Bulk
ApeX OmniVariational Omni1.4880+5.608%
Ondo Perps1.4881+5.614%edgeX1.4885+5.640%Nado1.4895+5.717%Aftermath Perps1.4903+5.769%Phoenix1.4910+5.820%Hibachi1.4912+5.833%BloFin1.4913+5.841%Hotstuff1.4926+5.933%Kalshi1.4930+5.962%Derive1.4934+5.993%HTX1.4935+5.995%Orderly1.4935+5.997%Vest1.4937+6.009%Aevo1.4937+6.011%gTrade (Gains Network)1.4939+6.028%SunX1.4940+6.033%GMX1.4941+6.038%Deribit1.4941+6.040%SoDEX1.4942+6.047%Pacifica1.4942+6.049%Bullet1.4943+6.053%Reya1.4943+6.056%Phemex1.4944+6.061%Coinbase International1.4945+6.068%
Ondo Perps
Nado
Phoenix
Hibachi
BloFin
Hotstuff
Derive
HTX
Orderly
Vest
Aevo
gTrade (Gains Network)
SunX
GMX
Deribit
SoDEX
Pacifica
Bullet
Reya
Phemex
Coinbase InternationalKatana Perps1.4946+6.075%
Arcus1.4949+6.097%Gate1.4950+6.104%Polymarket Perps1.4950+6.104%Paradex1.4952+6.115%Extended1.4953+6.122%01 Exchange1.4953+6.125%BingX1.4953+6.125%RISEx1.4953+6.125%KuCoin1.4954+6.131%OKX1.4955+6.139%MEXC1.4955+6.139%Kraken Futures1.4956+6.143%Aster1.4958+6.161%Bitget1.4962+6.189%Backpack1.4962+6.189%Bybit1.4969+6.238%Lighter RH1.4975+6.281%dYdX1.4975+6.283%Binance1.4975+6.284%Lighter1.4976+6.285%Hyperliquid1.4978+6.302%
Arcus
Gate
Polymarket Perps
Paradex
Extended
BingX
RISEx
KuCoin
OKX
MEXC
Kraken Futures
Aster
Bitget
Backpack
Bybit
Lighter RH
dYdX
Binance
Lighter
HyperliquidXRP on 50 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XRP/USDC PERP | −5.727% | +0.0033% | 1h | $2K | $63K | 30x | as long as short |
| Bulk XRP-USD | −0.472% | +0.0100% | 1h | $1.6M | $257K | 20x | as long as short |
| ApeX Omni XRPUSDT | −0.462% | +0.0100% | 1h | $996K | $713K | 50x | as long as short |
| Variational Omni XRPshort | −0.440% | +0.0100% | 8h | $5.3M | $18.0M | — | |
| Ondo Perps XRP-USD.P | −0.435% | +0.0100% | 1h | $556K | $48K | 5x | as long as short |
| edgeX XRPUSDC | −0.410% | +0.0100% | 4h | $646K | $86.2M | 30x | as long as short |
| Nado XRP-PERP | −0.338% | +0.0100% | 1h | $1.1M | $4.9M | 20x | as long as short |
| Aftermath Perps XRPUSD | −0.289% | +0.0539% | 1h | $1K | $9K | 10x | as long as short |
| Phoenix XRP | −0.241% | 0.0000% | 1h | $69K | $86K | 15x | as long as short |
| Hibachi XRP/USDT-P | −0.228% | +0.0072% | 1h | $19K | $30K | 7x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BloFin XRP-USDT | −0.221% | +0.0220% | 8h | $23.2M | $57.0M | 125x | as long as short |
| Hotstuff XRP-PERP | −0.134% | −0.0080% | 1h | $6K | $2K | 20x | as long as short |
| Kalshi KXXRPPERP | −0.107% | +0.0181% | 8h | $1.8M | $32.6M | 2.9x | as long as short |
| Derive XRP-PERP | −0.077% | +0.0100% | 1h | $804K | $65K | 10x | as long as short |
| HTX XRP-USDT | −0.076% | +0.0100% | 8h | $49.3M | $13.1M | 75x | as long as short |
| Orderly PERP_XRP_USDC | −0.074% | +0.0047% | 8h | $184K | $774K | 50x | as long as short |
| Vest XRP-PERP | −0.063% | +0.0100% | 1h | — | $9K | 10x | as long as short |
| Aevo XRP-PERP | −0.060% | +0.0104% | 1h | $72K | $39K | 3x | as long as short |
| gTrade (Gains Network) XRP/USD | −0.045% | L +0.0003% / S −0.0003% | 1h | $218K | — | 150x | as long as short |
| SunX XRP-USDT | −0.040% | +0.0100% | 8h | $126K | $1.7M | 30x | as long as short |
| GMX XRP/USD [ETH-USDC] | −0.035% | L −0.0208% / S +0.0292% | 1h | $1.6M | — | 200x | as long as short |
| Deribit XRP_USDC-PERPETUAL | −0.033% | 0.0000% | 1h | $8.3M | $19.5M | 50x | as long as short |
| SoDEX XRP-USD | −0.027% | +0.0100% | 1h | $31K | $1.9M | 10x | as long as short |
| Pacifica XRP | −0.025% | +0.0100% | 1h | $659K | $1.0M | 20x | as long as short |
| Bullet XRP-USD | −0.021% | +0.0100% | 1h | $41K | $57K | 20x | as long as short |
| Reya XRPRUSDPERP | −0.018% | +0.0207% | 1h | $1.3M | $15K | 15x | as long as short |
| Phemex XRPUSDT | −0.013% | +0.0100% | 8h | $54.2M | $26.2M | 50x | as long as short |
| Coinbase International XRP-PERP-INTX | −0.007% | +0.0240% | 1h | $5.1M | $37.1M | 50x | as long as short |
| Katana Perps XRP-USDlong | 0.000% | +0.0100% | 8h | $12K | $239K | 20x | |
| Arcus XRP-USD | +0.020% | +0.0100% | 1h | $116K | $576K | 20x | as long as short |
| Gate XRP_USDT | +0.027% | +0.0100% | 8h | $349.1M | $122.8M | 100x | as long as short |
| Polymarket Perps XRP-USD | +0.027% | +0.0100% | 1h | $63K | $382K | 20x | as long as short |
| Paradex XRP-USD-PERP | +0.037% | +0.0100% | 8h | $468K | $54K | 50x | as long as short |
| Extended XRP-USD | +0.044% | +0.0104% | 1h | $2.0M | $6.9M | 50x | as long as short |
| 01 Exchange XRPUSD | +0.047% | +0.0152% | 1h | $8K | $8K | 10x | as long as short |
| BingX XRP-USDC | +0.047% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| RISEx XRP/USDC | +0.047% | +0.0490% | 1h | $388K | $445K | 10x | as long as short |
| KuCoin XRPUSDTM | +0.053% | +0.0100% | 8h | $114.0M | $133.8M | 75x | as long as short |
| OKX XRP-USDT-SWAP | +0.060% | +0.0100% | 8h | $124.0M | $756.8M | 100x | as long as short |
| MEXC XRP_USDT | +0.060% | +0.0100% | 8h | $298.7M | $720.0M | 300x | as long as short |
| Kraken Futures PF_XRPUSD | +0.064% | +0.0163% | 1h | $16.6M | $43.2M | 50x | as long as short |
| Aster XRPUSDT | +0.081% | +0.0100% | 8h | $38.0M | $65.1M | 100x | as long as short |
| Bitget XRPUSDT | +0.107% | +0.0100% | 8h | $257.3M | $308.6M | 125x | as long as short |
| Backpack XRP_USDC_PERP | +0.107% | +0.0100% | 1h | $1.6M | $894K | 25x | as long as short |
| Bybit XRPUSDT | +0.154% | +0.0100% | 8h | $330.9M | $736.7M | 100x | as long as short |
| Lighter RH XRP | +0.194% | +0.0096% | 1h | $450K | $2.1M | 20x | as long as short |
| dYdX XRP-USD | +0.196% | 0.0000% | 1h | $1.1M | $95K | 10x | as long as short |
| Binance XRPUSDT | +0.197% | +0.0100% | 8h | $526.2M | $1.65B | 100x | as long as short |
| Lighter XRP | +0.198% | +0.0096% | 1h | $2.9M | $9.2M | 20x | as long as short |
| Hyperliquid XRP | +0.214% | +0.0343% | 1h | $264.2M | $150.0M | 20x | as long as short |