Spread before costs (cost unknown: a leg has no order-book sample)−0.425%
7d average—if it closes, per $10,000$43funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_XRPUSD | 1.5014 | 0.0100 | pay 0.0012% / 1h | 50m 28s | $16.9M | $46.1M | 50x |
| Short | Phoenix XRP | 1.4950 | 0 | get 0.0000% / 1h | 50m 28s | $69K | $86K | 15x |
Kraken Futures PF_XRPUSD
Phoenix 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
- −$42.5
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$62.5
- Spread needed to break even
- 0.170%
Slippage unknown: Kraken Futures: live order book, 5 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Kraken Futures live order book, 5 min ago | 2.00 bp | 9.6 bp −$10 | 12.6 bp −$126 | 20.8 bp −$2,080 | 38.9 bp −$19.5K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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
InjectivePhoenix1.4950+6.104%
ApeX Omni1.4987+6.366%Ondo Perps1.4995+6.423%HTX1.4995+6.427%Derive1.5003+6.481%Bulk1.5007+6.505%Deribit1.5008+6.515%BloFin1.5009+6.522%SunX1.5010+6.529%SoDEX1.5010+6.529%dYdX1.5012+6.544%Phemex1.5012+6.544%Aftermath Perps1.5012+6.546%Coinbase International1.5013+6.551%
ApeX Omni
Ondo Perps
HTX
Derive
Bulk
Deribit
BloFin
SunX
SoDEX
dYdX
Phemex
Coinbase InternationalKraken Futures1.5014+6.557%
Lighter RH1.5014+6.558%Lighter1.5014+6.560%Pacifica1.5015+6.562%Hotstuff1.5015+6.565%Hibachi1.5016+6.572%Backpack1.5017+6.579%Bitget1.5019+6.593%Reya1.5020+6.601%Extended1.5022+6.616%Vest1.5023+6.620%KuCoin1.5024+6.627%Katana Perps1.5024+6.629%Gate1.5024+6.629%MEXC1.5024+6.629%Polymarket Perps1.5024+6.629%Aster1.5025+6.637%Paradex1.5028+6.656%GMX1.5028+6.658%Bullet1.5028+6.661%Orderly1.5029+6.664%Arcus1.5030+6.671%Binance1.5031+6.681%OKX1.5032+6.686%01 Exchange1.5033+6.693%BingX1.5033+6.693%Aevo1.5033+6.696%Bybit1.5034+6.700%gTrade (Gains Network)1.5034+6.700%edgeX1.5034+6.702%RISEx1.5035+6.704%Hyperliquid1.5037+6.721%Nado1.5040+6.746%Variational Omni1.5041+6.749%Kalshi1.5057+6.863%
Lighter RH
Lighter
Pacifica
Hotstuff
Hibachi
Backpack
Bitget
Reya
Extended
Vest
KuCoin
Katana Perps
Gate
MEXC
Polymarket Perps
Aster
Paradex
GMX
Bullet
Orderly
Arcus
Binance
OKX
BingX
Aevo
Bybit
gTrade (Gains Network)
RISEx
Hyperliquid
Nado
Variational OmniXRP on 50 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XRP/USDC PERP | −6.153% | +0.0033% | 1h | $2K | $63K | 30x | as long as short |
| Phoenix XRPshort | −0.425% | 0.0000% | 1h | $69K | $86K | 15x | |
| ApeX Omni XRPUSDT | −0.179% | +0.0100% | 1h | $998K | $762K | 50x | as long as short |
| Ondo Perps XRP-USD.P | −0.125% | +0.0100% | 1h | $562K | $47K | 5x | as long as short |
| HTX XRP-USDT | −0.122% | +0.0100% | 8h | $49.5M | $13.3M | 75x | as long as short |
| Derive XRP-PERP | −0.071% | +0.0100% | 1h | $808K | $65K | 10x | as long as short |
| Bulk XRP-USD | −0.049% | +0.0100% | 1h | $1.6M | $259K | 20x | as long as short |
| Deribit XRP_USDC-PERPETUAL | −0.039% | 0.0000% | 1h | $8.6M | $20.7M | 50x | as long as short |
| BloFin XRP-USDT | −0.032% | +0.0220% | 8h | $23.4M | $57.3M | 125x | as long as short |
| SunX XRP-USDT | −0.026% | +0.0100% | 8h | $126K | $1.7M | 30x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| SoDEX XRP-USD | −0.025% | +0.0100% | 1h | $31K | $1.9M | 10x | as long as short |
| dYdX XRP-USD | −0.012% | 0.0000% | 1h | $1.1M | $96K | 10x | as long as short |
| Phemex XRPUSDT | −0.012% | +0.0100% | 8h | $54.6M | $25.8M | 50x | as long as short |
| Aftermath Perps XRPUSD | −0.010% | +0.0491% | 1h | $1K | $9K | 10x | as long as short |
| Coinbase International XRP-PERP-INTX | −0.005% | +0.0216% | 1h | $5.1M | $38.2M | 50x | as long as short |
| Kraken Futures PF_XRPUSDlong | 0.000% | +0.0100% | 1h | $16.9M | $46.1M | 50x | |
| Lighter RH XRP | +0.001% | +0.0096% | 1h | $443K | $2.2M | 20x | as long as short |
| Lighter XRP | +0.004% | +0.0096% | 1h | $2.9M | $9.5M | 20x | as long as short |
| Pacifica XRP | +0.005% | +0.0100% | 1h | $663K | $1.0M | 20x | as long as short |
| Hotstuff XRP-PERP | +0.008% | −0.0080% | 1h | $6K | $2K | 20x | as long as short |
| Hibachi XRP/USDT-P | +0.014% | +0.0176% | 1h | $19K | $30K | 7x | as long as short |
| Backpack XRP_USDC_PERP | +0.021% | +0.0138% | 1h | $1.6M | $883K | 25x | as long as short |
| Bitget XRPUSDT | +0.035% | +0.0100% | 8h | $258.3M | $310.6M | 125x | as long as short |
| Reya XRPRUSDPERP | +0.042% | +0.0208% | 1h | $1.3M | $12K | 15x | as long as short |
| Extended XRP-USD | +0.056% | +0.0104% | 1h | $2.0M | $6.7M | 50x | as long as short |
| Vest XRP-PERP | +0.060% | +0.0100% | 1h | — | $9K | 10x | as long as short |
| KuCoin XRPUSDTM | +0.067% | +0.0100% | 8h | $111.1M | $132.5M | 75x | as long as short |
| Katana Perps XRP-USD | +0.068% | +0.0100% | 8h | $11K | $256K | 20x | as long as short |
| Gate XRP_USDT | +0.068% | +0.0100% | 8h | $348.9M | $123.5M | 100x | as long as short |
| MEXC XRP_USDT | +0.068% | +0.0100% | 8h | $296.7M | $722.1M | 300x | as long as short |
| Polymarket Perps XRP-USD | +0.068% | +0.0100% | 1h | $64K | $397K | 20x | as long as short |
| Aster XRPUSDT | +0.076% | +0.0100% | 8h | $38.0M | $67.1M | 100x | as long as short |
| Paradex XRP-USD-PERP | +0.094% | +0.0100% | 8h | $470K | $54K | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | +0.096% | L −0.0206% / S +0.0292% | 1h | $1.6M | — | 200x | as long as short |
| Bullet XRP-USD | +0.098% | +0.0100% | 1h | $41K | $58K | 20x | as long as short |
| Orderly PERP_XRP_USDC | +0.101% | +0.0053% | 8h | $184K | $776K | 50x | as long as short |
| Arcus XRP-USD | +0.108% | +0.0100% | 1h | $116K | $571K | 20x | as long as short |
| Binance XRPUSDT | +0.117% | +0.0100% | 8h | $536.2M | $1.68B | 100x | as long as short |
| OKX XRP-USDT-SWAP | +0.121% | +0.0100% | 8h | $125.9M | $777.6M | 100x | as long as short |
| 01 Exchange XRPUSD | +0.128% | +0.0160% | 1h | $8K | $8K | 10x | as long as short |
| BingX XRP-USDT | +0.128% | +0.0100% | 8h | — | $98.7M | — | as long as short |
| Aevo XRP-PERP | +0.131% | +0.0104% | 1h | $72K | $39K | 3x | as long as short |
| Bybit XRPUSDT | +0.134% | +0.0100% | 8h | $333.1M | $744.2M | 100x | as long as short |
| gTrade (Gains Network) XRP/USD | +0.134% | L +0.0003% / S −0.0003% | 1h | $219K | — | 150x | as long as short |
| edgeX XRPUSDC | +0.137% | +0.0100% | 4h | $654K | $85.8M | 30x | as long as short |
| RISEx XRP/USDC | +0.138% | +0.0465% | 1h | $388K | $462K | 10x | as long as short |
| Hyperliquid XRP | +0.154% | +0.0450% | 1h | $271.0M | $153.2M | 20x | as long as short |
| Nado XRP-PERP | +0.178% | +0.0100% | 1h | $1.1M | $4.8M | 20x | as long as short |
| Variational Omni XRP | +0.180% | +0.0100% | 8h | $5.2M | $18.6M | — | as long as short |
| Kalshi KXXRPPERP | +0.288% | +0.0160% | 8h | $1.7M | $32.3M | 2.9x | as long as short |