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−$17
spread now−0.058%7d average+0.014%fees + slippage, in and out−$10spread needed0.103%
Long on LighterShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter XRP1.49810.0096pay 0.0012% / 1h44m 33s$2.9M$9.1M20x
ShortDeribit XRP_USDC-PERPETUAL1.49720get 0.0000% / 1h44m 33s$8.2M$19.9M50x

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
−$5.75
Funding while held
−$2.88
Slippage, 4 orders
−$3.3
Fee Lighter: 0 bp × 2 orders
$0
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
−$18.93
Spread needed to break even
0.103%
Slippage from Lighter: live order book, 5 min ago; Deribit: live order book, 1 min ago.

Cost of waiting

funding view
Funding /8h
−0.0096%
Per $10,000 a day
−$2.88
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 Lighter live order book, 5 min ago0.17 bp0.2 bp $05.7 bp −$5715.2 bp −$1,51636.6 bp −$18.3K
Sell Deribit live order book, 1 min ago1.34 bp5.1 bp −$56.2 bp −$6246.1 bp −$4,610doesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
Bulk1.4951+6.113%HTX1.4955+6.137%BloFin1.4955+6.139%SunX1.4956+6.150%Reya1.4960+6.174%Polymarket Perps1.4960+6.175%Variational Omni1.4964+6.204%Phemex1.4966+6.217%Derive1.4966+6.220%Orderly1.4967+6.224%Bullet1.4968+6.231%Aevo1.4969+6.237%SoDEX1.4969+6.238%GMX1.4969+6.240%Kalshi1.4970+6.246%Hibachi1.4970+6.247%Kraken Futures1.4971+6.251%Aftermath Perps1.4971+6.252%gTrade (Gains Network)1.4971+6.256%
Deribit1.4972+6.260%
ApeX Omni1.4973+6.267%Backpack1.4974+6.274%Vest1.4975+6.281%Extended1.4975+6.282%Ondo Perps1.4976+6.288%Bitget1.4976+6.288%OKX1.4977+6.295%KuCoin1.4978+6.301%Bybit1.4978+6.302%Katana Perps1.4978+6.302%Gate1.4978+6.302%Coinbase International1.4978+6.302%Aster1.4978+6.305%Binance1.4979+6.311%edgeX1.4979+6.311%Hotstuff1.4980+6.317%BingX1.4980+6.317%
Lighter1.4981+6.321%
Lighter RH1.4982+6.331%Nado1.4983+6.334%Pacifica1.4983+6.337%Arcus1.4983+6.338%MEXC1.4983+6.338%dYdX1.4984+6.342%Paradex1.4986+6.360%RISEx1.4988+6.374%01 Exchange1.4989+6.380%Phoenix1.4990+6.388%Hyperliquid1.4993+6.409%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−5.945%+0.0033%1h$2K$63K30xas long as short
Bulk XRP-USD−0.195%+0.0100%1h$1.6M$282K20xas long as short
HTX XRP-USDT−0.173%+0.0100%8h$49.4M$13.4M75xas long as short
BloFin XRP-USDT−0.171%+0.0220%8h$23.3M$56.9M125xas long as short
SunX XRP-USDT−0.161%+0.0100%8h$125K$1.7M30xas long as short
Reya XRPRUSDPERP−0.138%+0.0206%1h$1.3M$15K15xas long as short
Polymarket Perps XRP-USD−0.138%+0.0100%1h$62K$384K20xas long as short
Variational Omni XRP−0.110%+0.0100%8h$5.3M$17.7M—as long as short
Phemex XRPUSDT−0.098%+0.0100%8h$53.8M$25.9M50xas long as short
Derive XRP-PERP−0.095%+0.0100%1h$806K$67K10xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Orderly PERP_XRP_USDC−0.091%+0.0051%8h$187K$737K50xas long as short
Bullet XRP-USD−0.084%+0.0100%1h$42K$58K20xas long as short
Aevo XRP-PERP−0.079%+0.0104%1h$72K$39K3xas long as short
SoDEX XRP-USD−0.078%+0.0100%1h$31K$2.0M10xas long as short
GMX XRP/USD [ETH-USDC]−0.076%L −0.0205% / S +0.0292%1h$1.6M—200xas long as short
Kalshi KXXRPPERP−0.071%+0.0194%8h$1.8M$33.6M2.9xas long as short
Hibachi XRP/USDT-P−0.069%+0.0200%1h$19K$30K7xas long as short
Kraken Futures PF_XRPUSD−0.066%+0.0217%1h$17.4M$42.1M50xas long as short
Aftermath Perps XRPUSD−0.065%+0.0703%1h$1K$9K10xas long as short
gTrade (Gains Network) XRP/USD−0.062%L +0.0003% / S −0.0003%1h$218K—150xas long as short
Deribit XRP_USDC-PERPETUALshort−0.058%0.0000%1h$8.2M$19.9M50x
ApeX Omni XRPUSDT−0.051%+0.0100%1h$1.0M$816K50xas long as short
Backpack XRP_USDC_PERP−0.044%+0.0208%1h$1.7M$920K25xas long as short
Vest XRP-PERP−0.038%+0.0100%1h—$9K10xas long as short
Extended XRP-USD−0.037%+0.0104%1h$1.9M$7.2M50xas long as short
Ondo Perps XRP-USD.P−0.031%+0.0100%1h$559K$48K5xas long as short
Bitget XRPUSDT−0.031%+0.0100%8h$257.1M$310.4M125xas long as short
OKX XRP-USDT-SWAP−0.024%+0.0100%8h$125.1M$763.2M100xas long as short
KuCoin XRPUSDTM−0.019%+0.0100%8h$113.5M$137.9M75xas long as short
Bybit XRPUSDT−0.017%+0.0100%8h$333.4M$752.6M100xas long as short
Katana Perps XRP-USD−0.017%+0.0100%8h$11K$227K20xas long as short
Gate XRP_USDT−0.017%+0.0100%8h$358.0M$119.7M100xas long as short
Coinbase International XRP-PERP-INTX−0.017%+0.0240%1h$5.5M$37.0M50xas long as short
Aster XRPUSDT−0.015%+0.0100%8h$38.1M$65.8M100xas long as short
Binance XRPUSDT−0.009%+0.0100%8h$527.5M$1.66B100xas long as short
edgeX XRPUSDC−0.009%+0.0100%4h$681K$85.9M30xas long as short
Hotstuff XRP-PERP−0.004%−0.0080%1h$6K$2K20xas long as short
BingX XRP-USDT−0.004%+0.0100%8h—$96.7M—as long as short
Lighter XRPlong0.000%+0.0096%1h$2.9M$9.1M20x
Lighter RH XRP+0.009%+0.0096%1h$535K$2.0M20xas long as short
Nado XRP-PERP+0.013%+0.0100%1h$1.1M$4.9M20xas long as short
Pacifica XRP+0.016%+0.0100%1h$631K$1.0M20xas long as short
Arcus XRP-USD+0.016%+0.0100%1h$117K$592K20xas long as short
MEXC XRP_USDT+0.016%+0.0100%8h$294.5M$731.7M300xas long as short
dYdX XRP-USD+0.020%0.0000%1h$1.1M$103K10xas long as short
Paradex XRP-USD-PERP+0.037%+0.0100%8h$469K$54K50xas long as short
RISEx XRP/USDC+0.050%+0.0621%1h$397K$420K10xas long as short
01 Exchange XRPUSD+0.056%+0.0200%1h$8K$8K10xas long as short
Phoenix XRP+0.063%0.0000%1h$69K$86K15xas long as short
Hyperliquid XRP+0.083%+0.0569%1h$265.0M$158.0M20xas long as short