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.

Spread before costs (cost unknown: a leg has no order-book sample)+0.659%
7d average−0.014%if it closes, per $10,000$66funding while held, a day−$8.05
Long on Kraken FuturesShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_XRPUSD1.48860.0368pay 0.0046% / 1h38m 13s$17.5M$42.3M50x
ShortVariational Omni XRP1.49840.0100get 0.0100% / 8h38m 13s$5.8M$16.4M—

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
$65.87
Funding while held
−$8.05
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$47.82
Spread needed to break even
0.100%
Slippage unknown: Kraken Futures: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0268%
Per $10,000 a day
−$8.05
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 Kraken Futures live order book, 2 min ago0.67 bp7.5 bp −$710.6 bp −$10619.4 bp −$1,93739.5 bp −$19.7K
Sell Variational Omni RFQ quote, 2 min ago2.04 bpdoesn't fit6.1 bp −$6122.2 bp −$2,217doesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
HTX1.4875+5.571%Extended1.4878+5.595%Bybit1.4879+5.600%BingX1.4879+5.600%gTrade (Gains Network)1.4880+5.608%GMX1.4881+5.613%Lighter1.4881+5.615%Binance1.4881+5.617%Aevo1.4882+5.619%Phemex1.4882+5.621%Bitget1.4883+5.628%Orderly1.4883+5.628%Derive1.4883+5.632%SunX1.4884+5.633%Lighter RH1.4884+5.635%SoDEX1.4884+5.635%OKX1.4885+5.642%Deribit1.4885+5.642%
Kraken Futures1.4886+5.650%
Gate1.4887+5.656%KuCoin1.4887+5.656%Bullet1.4887+5.656%Reya1.4889+5.672%MEXC1.4890+5.678%Coinbase International1.4893+5.699%Aster1.4897+5.731%Polymarket Perps1.4901+5.756%dYdX1.4904+5.779%Vest1.4904+5.780%Kalshi1.4906+5.791%Katana Perps1.4907+5.798%Arcus1.4909+5.813%Pacifica1.4910+5.820%Hotstuff1.4911+5.827%01 Exchange1.4912+5.834%Hyperliquid1.4913+5.841%RISEx1.4914+5.851%Paradex1.4916+5.864%BloFin1.4920+5.891%Nado1.4931+5.969%Backpack1.4932+5.976%Phoenix1.4960+6.175%Ondo Perps1.4974+6.274%Aftermath Perps1.4975+6.283%edgeX1.4978+6.302%Hibachi1.4979+6.306%ApeX Omni1.4980+6.317%
Variational Omni1.4984+6.345%
Bulk1.5027+6.650%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−5.347%+0.0033%1h$2K$63K30xas long as short
HTX XRP-USDT−0.074%+0.0100%8h$49.1M$13.0M75xas long as short
Extended XRP-USD−0.051%+0.0104%1h$1.9M$7.2M50xas long as short
Bybit XRPUSDT−0.047%+0.0100%8h$333.4M$744.4M100xas long as short
BingX XRP-USDT−0.047%+0.0100%8h—$92.2M—as long as short
gTrade (Gains Network) XRP/USD−0.039%L +0.0003% / S −0.0003%1h$208K—150xas long as short
GMX XRP/USD [ETH-USDC]−0.034%L −0.0205% / S +0.0292%1h$1.6M—200xas long as short
Lighter XRP−0.032%+0.0096%1h$2.9M$7.5M20xas long as short
Binance XRPUSDT−0.031%+0.0100%8h$528.9M$1.63B100xas long as short
Aevo XRP-PERP−0.029%+0.0104%1h$72K$39K3xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex XRPUSDT−0.027%+0.0100%8h$53.5M$25.1M50xas long as short
Bitget XRPUSDT−0.020%+0.0100%8h$254.8M$304.8M125xas long as short
Orderly PERP_XRP_USDC−0.020%+0.0051%8h$187K$767K50xas long as short
Derive XRP-PERP−0.017%+0.0100%1h$802K$68K10xas long as short
SunX XRP-USDT−0.016%+0.0100%8h$125K$1.7M30xas long as short
Lighter RH XRP−0.014%+0.0096%1h$475K$1.9M20xas long as short
SoDEX XRP-USD−0.014%+0.0100%1h$29K$2.1M10xas long as short
OKX XRP-USDT-SWAP−0.007%+0.0100%8h$123.2M$748.4M100xas long as short
Deribit XRP_USDC-PERPETUAL−0.007%0.0000%1h$8.2M$19.3M50xas long as short
Kraken Futures PF_XRPUSDlong0.000%+0.0368%1h$17.5M$42.3M50x
Gate XRP_USDT+0.007%+0.0100%8h$353.9M$120.2M100xas long as short
KuCoin XRPUSDTM+0.007%+0.0100%8h$112.7M$143.9M75xas long as short
Bullet XRP-USD+0.007%+0.0100%1h$41K$55K20xas long as short
Reya XRPRUSDPERP+0.022%+0.0205%1h$1.3M$15K15xas long as short
MEXC XRP_USDT+0.027%+0.0100%8h$281.1M$715.5M300xas long as short
Coinbase International XRP-PERP-INTX+0.047%+0.0224%1h$5.3M$36.0M50xas long as short
Aster XRPUSDT+0.077%+0.0100%8h$37.8M$65.6M100xas long as short
Polymarket Perps XRP-USD+0.101%+0.0100%1h$61K$377K20xas long as short
dYdX XRP-USD+0.123%0.0000%1h$1.1M$107K10xas long as short
Vest XRP-PERP+0.123%+0.0100%1h—$9K10xas long as short
Kalshi KXXRPPERP+0.134%+0.0188%8h$1.9M$34.1M2.9xas long as short
Katana Perps XRP-USD+0.141%+0.0100%8h$13K$221K20xas long as short
Arcus XRP-USD+0.154%+0.0100%1h$117K$595K20xas long as short
Pacifica XRP+0.161%+0.0100%1h$632K$977K20xas long as short
Hotstuff XRP-PERP+0.168%−0.0080%1h$6K$2K20xas long as short
01 Exchange XRPUSD+0.175%+0.0168%1h$8K$8K10xas long as short
Hyperliquid XRP+0.181%+0.0836%1h$265.4M$149.8M20xas long as short
RISEx XRP/USDC+0.190%+0.0579%1h$395K$412K10xas long as short
Paradex XRP-USD-PERP+0.203%+0.0100%8h$467K$54K50xas long as short
BloFin XRP-USDT+0.228%+0.0220%8h$23.5M$55.7M125xas long as short
Nado XRP-PERP+0.302%+0.0100%1h$1.1M$4.7M20xas long as short
Backpack XRP_USDC_PERP+0.309%+0.0100%1h$1.7M$927K25xas long as short
Phoenix XRP+0.497%0.0000%1h$26K$28K15xas long as short
Ondo Perps XRP-USD.P+0.591%+0.0100%1h$559K$47K5xas long as short
Aftermath Perps XRPUSD+0.599%+0.0883%1h$1K$8K10xas long as short
edgeX XRPUSDC+0.618%−0.0118%4h$682K$83.6M30xas long as short
Hibachi XRP/USDT-P+0.621%+0.0296%1h$19K$30K7xas long as short
ApeX Omni XRPUSDT+0.631%+0.0100%1h$1.2M$723K50xas long as short
Variational Omni XRPshort+0.659%+0.0100%8h$5.8M$16.4M—
Bulk XRP-USD+0.947%+0.0100%1h$1.7M$213K20xas long as short