Spread before costs (cost unknown: a leg has no order-book sample)−6.571%
7d average—if it closes, per $10,000$657funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex XRPUSDT | 1.5081 | 0.0100 | pay 0.0100% / 8h | 5h 09m | $54.9M | $26.0M | 50x |
| Short | Injective XRP/USDC PERP | 1.4090 | 0.0033 | get 0.0004% / 1h | 9m 04s | $2K | $63K | 30x |
Phemex XRPUSDT
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
- −$657.12
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$671.14
- Spread needed to break even
- 0.120%
Slippage unknown: Phemex: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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 Phemex live order book, 6 min ago | 0.66 bp | 12.1 bp −$12 | 14.4 bp −$144 | 28.3 bp −$2,829 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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 Omni1.5039+6.737%edgeX1.5047+6.791%ApeX Omni1.5048+6.799%Phoenix1.5050+6.813%Hotstuff1.5052+6.828%Bulk1.5060+6.884%HTX1.5063+6.906%Hibachi1.5063+6.908%Ondo Perps1.5065+6.920%Aftermath Perps1.5068+6.944%Paradex1.5072+6.973%Vest1.5074+6.980%Katana Perps1.5075+6.991%Orderly1.5076+6.998%BloFin1.5076+6.998%Pacifica1.5079+7.018%Gate1.5079+7.019%Extended1.5079+7.020%Derive1.5079+7.022%01 Exchange1.5080+7.026%KuCoin1.5080+7.026%Aevo1.5080+7.028%
Variational Omni
ApeX Omni
Phoenix
Hotstuff
Bulk
HTX
Hibachi
Ondo Perps
Paradex
Vest
Katana Perps
Orderly
BloFin
Pacifica
Gate
Extended
Derive
KuCoin
AevoPhemex1.5081+7.033%
dYdX1.5082+7.038%Kraken Futures1.5082+7.040%Aster1.5082+7.042%Lighter1.5082+7.044%Nado1.5082+7.044%RISEx1.5083+7.045%Arcus1.5083+7.048%Kalshi1.5083+7.048%Deribit1.5083+7.048%Reya1.5083+7.049%Lighter RH1.5084+7.055%MEXC1.5084+7.055%BingX1.5084+7.055%Bitget1.5085+7.062%Bullet1.5085+7.062%gTrade (Gains Network)1.5086+7.067%Polymarket Perps1.5086+7.069%GMX1.5087+7.075%OKX1.5087+7.076%Bybit1.5088+7.083%SoDEX1.5088+7.083%Binance1.5088+7.086%SunX1.5089+7.087%Coinbase International1.5090+7.097%Backpack1.5099+7.161%Hyperliquid1.5102+7.182%
dYdX
Kraken Futures
Aster
Lighter
Nado
RISEx
Arcus
Deribit
Reya
Lighter RH
MEXC
BingX
Bitget
Bullet
gTrade (Gains Network)
Polymarket Perps
GMX
OKX
Bybit
SoDEX
Binance
SunX
Coinbase International
Backpack
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 | −6.571% | +0.0033% | 1h | $2K | $63K | 30x | |
| Variational Omni XRP | −0.277% | +0.0100% | 8h | $6.2M | $19.7M | — | as long as short |
| edgeX XRPUSDC | −0.226% | +0.0100% | 4h | $653K | $87.6M | 30x | as long as short |
| ApeX Omni XRPUSDT | −0.219% | +0.0100% | 1h | $999K | $784K | 50x | as long as short |
| Phoenix XRP | −0.206% | 0.0000% | 1h | $67K | $86K | 15x | as long as short |
| Hotstuff XRP-PERP | −0.192% | −0.0080% | 1h | $6K | $2K | 20x | as long as short |
| Bulk XRP-USD | −0.139% | +0.0100% | 1h | $1.6M | $270K | 20x | as long as short |
| HTX XRP-USDT | −0.119% | +0.0100% | 8h | $49.7M | $13.5M | 75x | as long as short |
| Hibachi XRP/USDT-P | −0.117% | +0.0288% | 1h | $19K | $36K | 7x | as long as short |
| Ondo Perps XRP-USD.P | −0.106% | +0.0100% | 1h | $560K | $45K | 5x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aftermath Perps XRPUSD | −0.083% | +0.0548% | 1h | $1K | $9K | 10x | as long as short |
| Paradex XRP-USD-PERP | −0.057% | +0.0100% | 8h | $470K | $54K | 50x | as long as short |
| Vest XRP-PERP | −0.049% | +0.0100% | 1h | — | $9K | 10x | as long as short |
| Katana Perps XRP-USD | −0.040% | +0.0100% | 8h | $12K | $241K | 20x | as long as short |
| Orderly PERP_XRP_USDC | −0.033% | +0.0056% | 8h | $180K | $780K | 50x | as long as short |
| BloFin XRP-USDT | −0.033% | +0.0220% | 8h | $23.9M | $58.6M | 125x | as long as short |
| Pacifica XRP | −0.014% | +0.0100% | 1h | $666K | $1.0M | 20x | as long as short |
| Gate XRP_USDT | −0.013% | +0.0100% | 8h | $350.8M | $127.2M | 100x | as long as short |
| Extended XRP-USD | −0.012% | +0.0104% | 1h | $2.0M | $6.8M | 50x | as long as short |
| Derive XRP-PERP | −0.011% | +0.0100% | 1h | $812K | $67K | 10x | as long as short |
| 01 Exchange XRPUSD | −0.007% | +0.0160% | 1h | $8K | $8K | 10x | as long as short |
| KuCoin XRPUSDTM | −0.007% | +0.0100% | 8h | $111.4M | $136.6M | 75x | as long as short |
| Aevo XRP-PERP | −0.005% | +0.0104% | 1h | $73K | $39K | 3x | as long as short |
| Phemex XRPUSDTlong | 0.000% | +0.0100% | 8h | $54.9M | $26.0M | 50x | |
| dYdX XRP-USD | +0.004% | 0.0000% | 1h | $1.1M | $101K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.007% | +0.0099% | 1h | $15.6M | $52.6M | 50x | as long as short |
| Aster XRPUSDT | +0.008% | +0.0100% | 8h | $38.2M | $67.8M | 100x | as long as short |
| Lighter XRP | +0.009% | +0.0096% | 1h | $3.0M | $9.9M | 20x | as long as short |
| Nado XRP-PERP | +0.010% | +0.0100% | 1h | $1.1M | $5.0M | 20x | as long as short |
| RISEx XRP/USDC | +0.011% | +0.0465% | 1h | $389K | $471K | 10x | as long as short |
| Arcus XRP-USD | +0.013% | +0.0100% | 1h | $123K | $589K | 20x | as long as short |
| Kalshi KXXRPPERP | +0.013% | +0.0175% | 8h | $1.7M | $32.0M | 2.9x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.013% | 0.0000% | 1h | $8.7M | $21.5M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.015% | +0.0208% | 1h | $1.3M | $11K | 15x | as long as short |
| Lighter RH XRP | +0.020% | +0.0096% | 1h | $550K | $2.4M | 20x | as long as short |
| MEXC XRP_USDT | +0.020% | +0.0100% | 8h | $304.6M | $753.0M | 300x | as long as short |
| BingX XRP-USDC | +0.020% | +0.0100% | 8h | — | $3.6M | — | as long as short |
| Bitget XRPUSDT | +0.027% | +0.0100% | 8h | $259.8M | $316.0M | 125x | as long as short |
| Bullet XRP-USD | +0.027% | +0.0100% | 1h | $41K | $60K | 20x | as long as short |
| gTrade (Gains Network) XRP/USD | +0.032% | L +0.0003% / S −0.0004% | 1h | $245K | — | 150x | as long as short |
| Polymarket Perps XRP-USD | +0.033% | +0.0100% | 1h | $49K | $416K | 20x | as long as short |
| GMX XRP/USD [ETH-USDC] | +0.039% | L −0.0206% / S +0.0292% | 1h | $1.6M | — | 200x | as long as short |
| OKX XRP-USDT-SWAP | +0.040% | +0.0100% | 8h | $127.1M | $794.9M | 100x | as long as short |
| Bybit XRPUSDT | +0.046% | +0.0100% | 8h | $343.3M | $768.4M | 100x | as long as short |
| SoDEX XRP-USD | +0.046% | +0.0100% | 1h | $32K | $1.8M | 10x | as long as short |
| Binance XRPUSDT | +0.049% | +0.0100% | 8h | $539.3M | $1.71B | 100x | as long as short |
| SunX XRP-USDT | +0.050% | +0.0100% | 8h | $127K | $1.7M | 30x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.060% | +0.0216% | 1h | $5.2M | $39.4M | 50x | as long as short |
| Backpack XRP_USDC_PERP | +0.119% | +0.0193% | 1h | $1.7M | $895K | 25x | as long as short |
| Hyperliquid XRP | +0.139% | +0.0524% | 1h | $274.1M | $154.8M | 20x | as long as short |