Spread before costs (cost unknown: a leg has no order-book sample)−6.491%
7d average—if it closes, per $10,000$649funding while held, a day−$0.65
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_XRP_USDC | 1.5068 | 0.0055 | pay 0.0055% / 8h | 5h 20m | $180K | $780K | 50x |
| Short | Injective XRP/USDC PERP | 1.4090 | 0.0033 | get 0.0004% / 1h | 20m 18s | $2K | $63K | 30x |
Orderly PERP_XRP_USDC
Injective XRP/USDC PERPPrice 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
- −$649.06
- Funding while held
- −$0.65
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$655.73
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.65
- 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and Injective: 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
Variational Omni1.4997+6.437%edgeX1.5009+6.523%Bulk1.5016+6.570%ApeX Omni1.5019+6.593%Phoenix1.5030+6.671%Ondo Perps1.5032+6.686%HTX1.5037+6.725%Aftermath Perps1.5042+6.755%Hibachi1.5044+6.773%Nado1.5046+6.784%BloFin1.5046+6.785%dYdX1.5047+6.794%Hotstuff1.5048+6.799%Pacifica1.5050+6.812%Paradex1.5050+6.814%Kalshi1.5053+6.835%Vest1.5054+6.838%Backpack1.5055+6.849%Arcus1.5057+6.863%Katana Perps1.5057+6.863%SunX1.5059+6.877%Reya1.5061+6.890%KuCoin1.5062+6.899%01 Exchange1.5064+6.913%MEXC1.5064+6.913%Bullet1.5064+6.915%Kraken Futures1.5064+6.915%Gate1.5065+6.920%RISEx1.5066+6.925%Polymarket Perps1.5066+6.927%Aster1.5067+6.934%Bitget1.5067+6.934%BingX1.5067+6.934%Bybit1.5068+6.941%
Variational Omni
Bulk
ApeX Omni
Phoenix
Ondo Perps
HTX
Hibachi
Nado
BloFin
dYdX
Hotstuff
Pacifica
Paradex
Vest
Backpack
Arcus
Katana Perps
SunX
Reya
KuCoin
MEXC
Bullet
Kraken Futures
Gate
RISEx
Polymarket Perps
Aster
Bitget
BingX
BybitOrderly1.5068+6.941%
Extended1.5068+6.941%GMX1.5069+6.948%SoDEX1.5069+6.948%Phemex1.5069+6.948%Binance1.5070+6.953%Lighter1.5071+6.960%gTrade (Gains Network)1.5071+6.960%Lighter RH1.5071+6.962%Derive1.5072+6.966%OKX1.5072+6.969%Deribit1.5072+6.969%Aevo1.5073+6.974%Coinbase International1.5073+6.977%Hyperliquid1.5080+7.026%
Extended
GMX
SoDEX
Phemex
Binance
Lighter
gTrade (Gains Network)
Lighter RH
Derive
OKX
Deribit
Aevo
Coinbase International
HyperliquidXRP on 50 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XRP/USDC PERPshort | −6.491% | +0.0033% | 1h | $2K | $63K | 30x | |
| Variational Omni XRP | −0.471% | +0.0100% | 8h | $6.2M | $19.7M | — | as long as short |
| edgeX XRPUSDC | −0.391% | +0.0100% | 4h | $652K | $87.5M | 30x | as long as short |
| Bulk XRP-USD | −0.347% | +0.0100% | 1h | $1.6M | $321K | 20x | as long as short |
| ApeX Omni XRPUSDT | −0.325% | +0.0100% | 1h | $997K | $784K | 50x | as long as short |
| Phoenix XRP | −0.252% | 0.0000% | 1h | $67K | $86K | 15x | as long as short |
| Ondo Perps XRP-USD.P | −0.239% | +0.0100% | 1h | $559K | $50K | 5x | as long as short |
| HTX XRP-USDT | −0.202% | +0.0100% | 8h | $49.6M | $13.5M | 75x | as long as short |
| Aftermath Perps XRPUSD | −0.174% | +0.0511% | 1h | $1K | $9K | 10x | as long as short |
| Hibachi XRP/USDT-P | −0.157% | +0.0288% | 1h | $19K | $36K | 7x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Nado XRP-PERP | −0.147% | +0.0100% | 1h | $1.1M | $4.9M | 20x | as long as short |
| BloFin XRP-USDT | −0.146% | +0.0220% | 8h | $24.0M | $58.6M | 125x | as long as short |
| dYdX XRP-USD | −0.137% | 0.0000% | 1h | $1.1M | $101K | 10x | as long as short |
| Hotstuff XRP-PERP | −0.133% | −0.0080% | 1h | $6K | $2K | 20x | as long as short |
| Pacifica XRP | −0.121% | +0.0100% | 1h | $665K | $1.0M | 20x | as long as short |
| Paradex XRP-USD-PERP | −0.119% | +0.0100% | 8h | $469K | $54K | 50x | as long as short |
| Kalshi KXXRPPERP | −0.100% | +0.0173% | 8h | $1.7M | $32.1M | 2.9x | as long as short |
| Vest XRP-PERP | −0.096% | +0.0100% | 1h | — | $9K | 10x | as long as short |
| Backpack XRP_USDC_PERP | −0.086% | +0.0187% | 1h | $1.7M | $897K | 25x | as long as short |
| Arcus XRP-USD | −0.073% | +0.0100% | 1h | $122K | $587K | 20x | as long as short |
| Katana Perps XRP-USD | −0.073% | +0.0100% | 8h | $12K | $244K | 20x | as long as short |
| SunX XRP-USDT | −0.060% | +0.0100% | 8h | $126K | $1.7M | 30x | as long as short |
| Reya XRPRUSDPERP | −0.048% | +0.0208% | 1h | $1.3M | $11K | 15x | as long as short |
| KuCoin XRPUSDTM | −0.039% | +0.0100% | 8h | $110.6M | $136.0M | 75x | as long as short |
| 01 Exchange XRPUSD | −0.027% | +0.0176% | 1h | $8K | $8K | 10x | as long as short |
| MEXC XRP_USDT | −0.027% | +0.0100% | 8h | $305.4M | $745.9M | 300x | as long as short |
| Bullet XRP-USD | −0.025% | +0.0100% | 1h | $41K | $60K | 20x | as long as short |
| Kraken Futures PF_XRPUSD | −0.024% | +0.0100% | 1h | $15.6M | $52.4M | 50x | as long as short |
| Gate XRP_USDT | −0.020% | +0.0100% | 8h | $349.9M | $126.7M | 100x | as long as short |
| RISEx XRP/USDC | −0.015% | +0.0465% | 1h | $389K | $471K | 10x | as long as short |
| Polymarket Perps XRP-USD | −0.013% | +0.0100% | 1h | $49K | $416K | 20x | as long as short |
| Aster XRPUSDT | −0.007% | +0.0100% | 8h | $38.2M | $67.8M | 100x | as long as short |
| Bitget XRPUSDT | −0.007% | +0.0100% | 8h | $259.5M | $315.6M | 125x | as long as short |
| BingX XRP-USDC | −0.007% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| Bybit XRPUSDT | 0.000% | +0.0100% | 8h | $342.7M | $767.0M | 100x | as long as short |
| Orderly PERP_XRP_USDClong | 0.000% | +0.0055% | 8h | $180K | $780K | 50x | |
| Extended XRP-USD | 0.000% | +0.0104% | 1h | $2.0M | $6.8M | 50x | as long as short |
| GMX XRP/USD [ETH-USDC] | +0.006% | L −0.0206% / S +0.0292% | 1h | $1.6M | — | 200x | as long as short |
| SoDEX XRP-USD | +0.007% | +0.0100% | 1h | $31K | $1.8M | 10x | as long as short |
| Phemex XRPUSDT | +0.007% | +0.0100% | 8h | $54.8M | $25.9M | 50x | as long as short |
| Binance XRPUSDT | +0.012% | +0.0100% | 8h | $539.0M | $1.71B | 100x | as long as short |
| Lighter XRP | +0.017% | +0.0096% | 1h | $2.9M | $9.8M | 20x | as long as short |
| gTrade (Gains Network) XRP/USD | +0.018% | L +0.0003% / S −0.0004% | 1h | $245K | — | 150x | as long as short |
| Lighter RH XRP | +0.020% | +0.0096% | 1h | $549K | $2.4M | 20x | as long as short |
| Derive XRP-PERP | +0.024% | +0.0100% | 1h | $812K | $66K | 10x | as long as short |
| OKX XRP-USDT-SWAP | +0.027% | +0.0100% | 8h | $126.3M | $793.9M | 100x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.027% | 0.0000% | 1h | $8.6M | $21.4M | 50x | as long as short |
| Aevo XRP-PERP | +0.030% | +0.0104% | 1h | $73K | $39K | 3x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.033% | +0.0216% | 1h | $5.2M | $39.2M | 50x | as long as short |
| Hyperliquid XRP | +0.080% | +0.0522% | 1h | $273.5M | $154.4M | 20x | as long as short |