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−$23
spread now+0.124%7d average+0.042%fees + slippage, in and out−$31spread needed0.314%
Long on PhemexShort on RISEx
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XRPUSDT1.50680.0100pay 0.0100% / 8h5h 17m$54.8M$25.9M50x
ShortRISEx XRP/USDC1.50870.0465get 0.0058% / 1h17m 33s$389K$471K10x

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
$12.38
Funding while held
$10.95
Slippage, 4 orders
−$13.43
Fee Phemex: 6 bp × 2 orders
−$12
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$8.11
Spread needed to break even
0.314%
Slippage from Phemex: live order book, 3 min ago; RISEx: live order book, 12 min ago.

Cost of waiting

funding view
Funding /8h
+0.0365%
Per $10,000 a day
+$10.95
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 Phemex live order book, 3 min ago1.66 bp13.3 bp −$1315.4 bp −$15423.9 bp −$2,388doesn't fit
Sell RISEx live order book, 12 min ago1.63 bp4.6 bp −$510.2 bp −$102doesn't fitdoesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
Variational Omni1.4997+6.437%Bulk1.5016+6.570%ApeX Omni1.5019+6.593%edgeX1.5028+6.660%Phoenix1.5040+6.742%Ondo Perps1.5045+6.778%HTX1.5051+6.818%Aftermath Perps1.5052+6.826%Nado1.5057+6.865%Vest1.5060+6.886%GMX1.5061+6.894%Bullet1.5062+6.897%gTrade (Gains Network)1.5062+6.897%Orderly1.5062+6.899%Reya1.5063+6.907%Aster1.5065+6.917%Aevo1.5065+6.921%Kraken Futures1.5066+6.928%Derive1.5066+6.930%KuCoin1.5067+6.932%Hotstuff1.5067+6.934%Polymarket Perps1.5067+6.934%SoDEX1.5067+6.934%BloFin1.5067+6.934%Gate1.5068+6.941%SunX1.5068+6.941%
Phemex1.5068+6.941%
Bybit1.5069+6.948%Bitget1.5069+6.948%Hibachi1.5069+6.950%Extended1.5070+6.954%Deribit1.5070+6.955%OKX1.5071+6.962%Kalshi1.5071+6.962%Paradex1.5071+6.963%Lighter1.5071+6.965%MEXC1.5072+6.969%BingX1.5072+6.969%Backpack1.5072+6.969%Lighter RH1.5073+6.977%Binance1.5073+6.980%Pacifica1.5074+6.980%dYdX1.5074+6.985%Coinbase International1.5076+6.998%Arcus1.5079+7.019%Katana Perps1.5081+7.033%Hyperliquid1.5082+7.040%
RISEx1.5087+7.073%
01 Exchange1.5087+7.076%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−6.491%+0.0033%1h$2K$63K30xas long as short
Variational Omni XRP−0.471%+0.0100%8h$6.2M$19.7M—as long as short
Bulk XRP-USD−0.347%+0.0100%1h$1.6M$321K20xas long as short
ApeX Omni XRPUSDT−0.325%+0.0100%1h$997K$784K50xas long as short
edgeX XRPUSDC−0.263%+0.0100%4h$653K$87.7M30xas long as short
Phoenix XRP−0.186%0.0000%1h$67K$86K15xas long as short
Ondo Perps XRP-USD.P−0.153%+0.0100%1h$559K$50K5xas long as short
HTX XRP-USDT−0.115%+0.0100%8h$49.6M$13.5M75xas long as short
Aftermath Perps XRPUSD−0.108%+0.0515%1h$1K$9K10xas long as short
Nado XRP-PERP−0.071%+0.0100%1h$1.1M$4.9M20xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Vest XRP-PERP−0.052%+0.0100%1h—$9K10xas long as short
GMX XRP/USD [ETH-USDC]−0.044%L −0.0206% / S +0.0292%1h$1.6M—200xas long as short
Bullet XRP-USD−0.041%+0.0100%1h$41K$60K20xas long as short
gTrade (Gains Network) XRP/USD−0.041%L +0.0003% / S −0.0004%1h$245K—150xas long as short
Orderly PERP_XRP_USDC−0.040%+0.0055%8h$180K$780K50xas long as short
Reya XRPRUSDPERP−0.032%+0.0208%1h$1.3M$11K15xas long as short
Aster XRPUSDT−0.022%+0.0100%8h$38.2M$67.8M100xas long as short
Aevo XRP-PERP−0.019%+0.0104%1h$72K$39K3xas long as short
Kraken Futures PF_XRPUSD−0.012%+0.0100%1h$15.6M$52.5M50xas long as short
Derive XRP-PERP−0.010%+0.0100%1h$811K$66K10xas long as short
KuCoin XRPUSDTM−0.009%+0.0100%8h$110.9M$136.1M75xas long as short
Hotstuff XRP-PERP−0.007%−0.0080%1h$7K$2K20xas long as short
Polymarket Perps XRP-USD−0.007%+0.0100%1h$49K$416K20xas long as short
SoDEX XRP-USD−0.007%+0.0100%1h$30K$1.8M10xas long as short
BloFin XRP-USDT−0.007%+0.0220%8h$23.9M$58.7M125xas long as short
Gate XRP_USDT0.000%+0.0100%8h$350.0M$126.8M100xas long as short
SunX XRP-USDT0.000%+0.0100%8h$126K$1.7M30xas long as short
Phemex XRPUSDTlong0.000%+0.0100%8h$54.8M$25.9M50x
Bybit XRPUSDT+0.007%+0.0100%8h$342.9M$767.3M100xas long as short
Bitget XRPUSDT+0.007%+0.0100%8h$259.5M$315.7M125xas long as short
Hibachi XRP/USDT-P+0.008%+0.0288%1h$19K$36K7xas long as short
Extended XRP-USD+0.012%+0.0104%1h$2.0M$6.8M50xas long as short
Deribit XRP_USDC-PERPETUAL+0.013%0.0000%1h$8.6M$21.4M50xas long as short
OKX XRP-USDT-SWAP+0.020%+0.0100%8h$126.9M$794.3M100xas long as short
Kalshi KXXRPPERP+0.020%+0.0174%8h$1.7M$32.1M2.9xas long as short
Paradex XRP-USD-PERP+0.021%+0.0100%8h$470K$54K50xas long as short
Lighter XRP+0.022%+0.0096%1h$2.9M$9.8M20xas long as short
MEXC XRP_USDT+0.027%+0.0100%8h$301.3M$748.2M300xas long as short
BingX XRP-USDT+0.027%+0.0100%8h—$103.3M—as long as short
Backpack XRP_USDC_PERP+0.027%+0.0191%1h$1.7M$897K25xas long as short
Lighter RH XRP+0.033%+0.0096%1h$549K$2.4M20xas long as short
Binance XRPUSDT+0.036%+0.0100%8h$539.1M$1.71B100xas long as short
Pacifica XRP+0.037%+0.0100%1h$666K$1.0M20xas long as short
dYdX XRP-USD+0.041%0.0000%1h$1.1M$101K10xas long as short
Coinbase International XRP-PERP-INTX+0.053%+0.0216%1h$5.2M$39.2M50xas long as short
Arcus XRP-USD+0.073%+0.0100%1h$122K$588K20xas long as short
Katana Perps XRP-USD+0.086%+0.0100%8h$12K$242K20xas long as short
Hyperliquid XRP+0.093%+0.0525%1h$273.5M$154.6M20xas long as short
RISEx XRP/USDCshort+0.124%+0.0465%1h$389K$471K10x
01 Exchange XRPUSD+0.126%+0.0168%1h$8K$8K10xas long as short