data as of
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Price arb /

XRP

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Spread before costs (cost unknown: a leg has no order-book sample)+0.041%
7d average−0.014%if it closes, per $10,000$4funding while held, a day+$0.00
Long on PhemexShort on Variational Omni
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex XRPUSDT1.49580.0100pay 0.0100% / 8h7h 45m$53.8M$26.0M50x
ShortVariational Omni XRP1.49640.0100get 0.0100% / 8h7h 45m$5.3M$17.7M—

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
$4.08
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$7.92
Spread needed to break even
0.120%
Slippage unknown: Phemex: live order book, 5 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.00
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, 5 min ago3.35 bp11.2 bp −$1112.8 bp −$12823.9 bp −$2,390doesn't fit
Sell Variational Omni RFQ quote, 5 min ago2.04 bpdoesn't fit5.1 bp −$5118.5 bp −$1,850doesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
HTX1.4944+6.061%Gate1.4947+6.082%Bybit1.4948+6.089%OKX1.4949+6.097%Extended1.4950+6.102%Aster1.4951+6.111%Binance1.4951+6.111%MEXC1.4951+6.111%Bitget1.4951+6.111%dYdX1.4952+6.118%KuCoin1.4952+6.119%Pacifica1.4954+6.131%BingX1.4955+6.139%Lighter1.4956+6.145%Lighter RH1.4956+6.146%edgeX1.4957+6.153%
Phemex1.4958+6.160%
Paradex1.4961+6.179%Backpack1.4961+6.182%ApeX Omni1.4962+6.189%SoDEX1.4962+6.189%Kraken Futures1.4963+6.193%Derive1.4963+6.194%Orderly1.4963+6.196%Aevo1.4964+6.202%
Variational Omni1.4964+6.204%
Deribit1.4965+6.210%gTrade (Gains Network)1.4966+6.218%Bulk1.4966+6.221%Nado1.4966+6.221%Hyperliquid1.4967+6.224%GMX1.4967+6.226%Katana Perps1.4971+6.253%BloFin1.4971+6.253%Bullet1.4971+6.254%Vest1.4972+6.260%Hibachi1.4973+6.269%Reya1.4974+6.272%Hotstuff1.4974+6.274%Coinbase International1.4974+6.274%SunX1.4974+6.276%Polymarket Perps1.4976+6.288%RISEx1.4980+6.316%01 Exchange1.4980+6.317%Aftermath Perps1.4981+6.324%Kalshi1.4985+6.352%Ondo Perps1.4989+6.380%Phoenix1.4990+6.388%Arcus1.4998+6.444%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−5.803%+0.0033%1h$2K$63K30xas long as short
HTX XRP-USDT−0.094%+0.0100%8h$49.4M$13.4M75xas long as short
Gate XRP_USDT−0.074%+0.0100%8h$357.3M$119.6M100xas long as short
Bybit XRPUSDT−0.067%+0.0100%8h$332.7M$751.9M100xas long as short
OKX XRP-USDT-SWAP−0.060%+0.0100%8h$124.9M$761.6M100xas long as short
Extended XRP-USD−0.055%+0.0104%1h$1.9M$7.2M50xas long as short
Aster XRPUSDT−0.047%+0.0100%8h$38.0M$65.9M100xas long as short
Binance XRPUSDT−0.047%+0.0100%8h$526.5M$1.66B100xas long as short
MEXC XRP_USDT−0.047%+0.0100%8h$293.5M$731.2M300xas long as short
Bitget XRPUSDT−0.047%+0.0100%8h$256.8M$310.4M125xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX XRP-USD−0.040%0.0000%1h$1.1M$103K10xas long as short
KuCoin XRPUSDTM−0.039%+0.0100%8h$113.2M$138.0M75xas long as short
Pacifica XRP−0.028%+0.0100%1h$630K$1.0M20xas long as short
BingX XRP-USDC−0.020%+0.0100%8h—$3.6M—as long as short
Lighter XRP−0.014%+0.0096%1h$2.9M$9.1M20xas long as short
Lighter RH XRP−0.013%+0.0096%1h$534K$2.0M20xas long as short
edgeX XRPUSDC−0.007%+0.0100%4h$679K$85.8M30xas long as short
Phemex XRPUSDTlong0.000%+0.0100%8h$53.8M$26.0M50x
Paradex XRP-USD-PERP+0.017%+0.0100%8h$468K$54K50xas long as short
Backpack XRP_USDC_PERP+0.020%+0.0222%1h$1.7M$920K25xas long as short
ApeX Omni XRPUSDT+0.027%+0.0100%1h$1.0M$816K50xas long as short
SoDEX XRP-USD+0.027%+0.0100%1h$32K$2.0M10xas long as short
Kraken Futures PF_XRPUSD+0.030%+0.0217%1h$17.4M$42.1M50xas long as short
Derive XRP-PERP+0.031%+0.0100%1h$806K$67K10xas long as short
Orderly PERP_XRP_USDC+0.033%+0.0051%8h$187K$737K50xas long as short
Aevo XRP-PERP+0.039%+0.0104%1h$72K$39K3xas long as short
Variational Omni XRPshort+0.041%+0.0100%8h$5.3M$17.7M—
Deribit XRP_USDC-PERPETUAL+0.047%0.0000%1h$8.2M$19.9M50xas long as short
gTrade (Gains Network) XRP/USD+0.054%L +0.0003% / S −0.0003%1h$218K—150xas long as short
Bulk XRP-USD+0.057%+0.0100%1h$1.7M$215K20xas long as short
Nado XRP-PERP+0.057%+0.0100%1h$1.1M$4.9M20xas long as short
Hyperliquid XRP+0.060%+0.0566%1h$265.1M$157.6M20xas long as short
GMX XRP/USD [ETH-USDC]+0.062%L −0.0205% / S +0.0292%1h$1.6M—200xas long as short
Katana Perps XRP-USD+0.087%+0.0100%8h$11K$227K20xas long as short
BloFin XRP-USDT+0.087%+0.0220%8h$23.3M$57.2M125xas long as short
Bullet XRP-USD+0.088%+0.0100%1h$42K$58K20xas long as short
Vest XRP-PERP+0.093%+0.0100%1h—$9K10xas long as short
Hibachi XRP/USDT-P+0.103%+0.0200%1h$19K$30K7xas long as short
Reya XRPRUSDPERP+0.105%+0.0206%1h$1.3M$15K15xas long as short
Hotstuff XRP-PERP+0.107%−0.0080%1h$6K$2K20xas long as short
Coinbase International XRP-PERP-INTX+0.107%+0.0240%1h$5.5M$37.0M50xas long as short
SunX XRP-USDT+0.109%+0.0100%8h$125K$1.7M30xas long as short
Polymarket Perps XRP-USD+0.120%+0.0100%1h$62K$384K20xas long as short
RISEx XRP/USDC+0.147%+0.0621%1h$396K$421K10xas long as short
01 Exchange XRPUSD+0.147%+0.0192%1h$8K$8K10xas long as short
Aftermath Perps XRPUSD+0.154%+0.0690%1h$1K$9K10xas long as short
Kalshi KXXRPPERP+0.181%+0.0194%8h$1.8M$33.6M2.9xas long as short
Ondo Perps XRP-USD.P+0.207%+0.0100%1h$559K$48K5xas long as short
Phoenix XRP+0.214%0.0000%1h$69K$86K15xas long as short
Arcus XRP-USD+0.267%+0.0100%1h$117K$592K20xas long as short