Spread before costs (cost unknown: a leg has no order-book sample)+0.214%
7d average—if it closes, per $10,000$21funding while held, a day+$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix XRP | 1.4880 | 0 | get 0.0000% / 1h | 2m 53s | $68K | $86K | 15x |
| Short | Derive XRP-PERP | 1.4912 | 0.0100 | get 0.0013% / 1h | 2m 53s | $803K | $65K | 10x |
Phoenix XRP
Derive XRP-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
- $21.43
- Funding while held
- $3
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $11.43
- Spread needed to break even
- 0.130%
Slippage unknown: Phoenix: no order-book sample; Derive: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Phoenix and Derive: 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
InjectivePhoenix1.4880+5.607%
ApeX Omni1.4888+5.664%Variational Omni1.4896+5.718%Ondo Perps1.4896+5.720%edgeX1.4898+5.738%Bulk1.4898+5.738%Aftermath Perps1.4902+5.760%OKX1.4902+5.763%Bybit1.4903+5.770%Bitget1.4903+5.770%Gate1.4904+5.777%BingX1.4907+5.798%Binance1.4908+5.803%Orderly1.4908+5.806%Lighter1.4908+5.807%Nado1.4909+5.809%HTX1.4909+5.813%Extended1.4910+5.817%Reya1.4910+5.817%KuCoin1.4910+5.821%Vest1.4911+5.826%Lighter RH1.4911+5.827%MEXC1.4911+5.827%Bullet1.4912+5.831%
ApeX Omni
Variational Omni
Ondo Perps
Bulk
OKX
Bybit
Bitget
Gate
BingX
Binance
Orderly
Lighter
Nado
HTX
Extended
Reya
KuCoin
Vest
Lighter RH
MEXC
BulletDerive1.4912+5.833%
Aevo1.4912+5.834%BloFin1.4914+5.848%GMX1.4914+5.849%Polymarket Perps1.4915+5.855%SoDEX1.4915+5.855%gTrade (Gains Network)1.4915+5.856%SunX1.4916+5.862%Phemex1.4916+5.862%Aster1.4916+5.864%Katana Perps1.4918+5.877%Arcus1.4920+5.891%Hotstuff1.4920+5.891%Deribit1.4920+5.891%dYdX1.4920+5.892%Pacifica1.4920+5.894%Hyperliquid1.4921+5.898%01 Exchange1.4921+5.898%Kraken Futures1.4921+5.898%Hibachi1.4922+5.904%Coinbase International1.4922+5.905%RISEx1.4923+5.909%Kalshi1.4923+5.912%Backpack1.4924+5.919%Paradex1.4927+5.938%
Aevo
BloFin
GMX
Polymarket Perps
SoDEX
gTrade (Gains Network)
SunX
Phemex
Aster
Katana Perps
Arcus
Hotstuff
Deribit
dYdX
Pacifica
Hyperliquid
Kraken Futures
Hibachi
Coinbase International
RISEx
Backpack
ParadexXRP on 50 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective XRP/USDC PERP | −5.309% | +0.0033% | 1h | $2K | $63K | 30x | as long as short |
| Phoenix XRPlong | 0.000% | 0.0000% | 1h | $68K | $86K | 15x | |
| ApeX Omni XRPUSDT | +0.054% | +0.0100% | 1h | $1.0M | $819K | 50x | as long as short |
| Variational Omni XRP | +0.105% | +0.0100% | 8h | $5.3M | $18.0M | — | as long as short |
| Ondo Perps XRP-USD.P | +0.108% | +0.0100% | 1h | $556K | $48K | 5x | as long as short |
| edgeX XRPUSDC | +0.124% | +0.0100% | 4h | $647K | $86.6M | 30x | as long as short |
| Bulk XRP-USD | +0.124% | +0.0100% | 1h | $1.6M | $257K | 20x | as long as short |
| Aftermath Perps XRPUSD | +0.145% | +0.0581% | 1h | $1K | $9K | 10x | as long as short |
| OKX XRP-USDT-SWAP | +0.148% | +0.0100% | 8h | $123.8M | $753.6M | 100x | as long as short |
| Bybit XRPUSDT | +0.155% | +0.0100% | 8h | $330.1M | $739.0M | 100x | as long as short |
Show all 50 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bitget XRPUSDT | +0.155% | +0.0100% | 8h | $256.6M | $308.1M | 125x | as long as short |
| Gate XRP_USDT | +0.161% | +0.0100% | 8h | $345.6M | $125.2M | 100x | as long as short |
| BingX XRP-USDT | +0.181% | +0.0100% | 8h | — | $97.4M | — | as long as short |
| Binance XRPUSDT | +0.186% | +0.0100% | 8h | $523.8M | $1.65B | 100x | as long as short |
| Orderly PERP_XRP_USDC | +0.188% | +0.0049% | 8h | $184K | $774K | 50x | as long as short |
| Lighter XRP | +0.190% | +0.0096% | 1h | $2.9M | $9.3M | 20x | as long as short |
| Nado XRP-PERP | +0.192% | +0.0100% | 1h | $1.1M | $4.9M | 20x | as long as short |
| HTX XRP-USDT | +0.195% | +0.0100% | 8h | $49.2M | $13.2M | 75x | as long as short |
| Extended XRP-USD | +0.199% | +0.0104% | 1h | $1.9M | $6.9M | 50x | as long as short |
| Reya XRPRUSDPERP | +0.199% | +0.0206% | 1h | $1.3M | $15K | 15x | as long as short |
| KuCoin XRPUSDTM | +0.203% | +0.0100% | 8h | $113.7M | $134.6M | 75x | as long as short |
| Vest XRP-PERP | +0.208% | +0.0100% | 1h | — | $9K | 10x | as long as short |
| Lighter RH XRP | +0.208% | +0.0096% | 1h | $448K | $2.2M | 20x | as long as short |
| MEXC XRP_USDT | +0.208% | +0.0100% | 8h | $299.4M | $759.1M | 300x | as long as short |
| Bullet XRP-USD | +0.212% | +0.0100% | 1h | $41K | $56K | 20x | as long as short |
| Derive XRP-PERPshort | +0.214% | +0.0100% | 1h | $803K | $65K | 10x | |
| Aevo XRP-PERP | +0.215% | +0.0104% | 1h | $72K | $39K | 3x | as long as short |
| BloFin XRP-USDT | +0.228% | +0.0220% | 8h | $23.1M | $57.0M | 125x | as long as short |
| GMX XRP/USD [ETH-USDC] | +0.230% | L −0.0208% / S +0.0292% | 1h | $1.6M | — | 200x | as long as short |
| Polymarket Perps XRP-USD | +0.235% | +0.0100% | 1h | $63K | $384K | 20x | as long as short |
| SoDEX XRP-USD | +0.235% | +0.0100% | 1h | $32K | $1.9M | 10x | as long as short |
| gTrade (Gains Network) XRP/USD | +0.236% | L +0.0003% / S −0.0003% | 1h | $218K | — | 150x | as long as short |
| SunX XRP-USDT | +0.241% | +0.0100% | 8h | $125K | $1.7M | 30x | as long as short |
| Phemex XRPUSDT | +0.242% | +0.0100% | 8h | $53.9M | $26.1M | 50x | as long as short |
| Aster XRPUSDT | +0.244% | +0.0100% | 8h | $37.9M | $65.2M | 100x | as long as short |
| Katana Perps XRP-USD | +0.255% | +0.0100% | 8h | $13K | $238K | 20x | as long as short |
| Arcus XRP-USD | +0.269% | +0.0100% | 1h | $116K | $578K | 20x | as long as short |
| Hotstuff XRP-PERP | +0.269% | −0.0080% | 1h | $6K | $2K | 20x | as long as short |
| Deribit XRP_USDC-PERPETUAL | +0.269% | 0.0000% | 1h | $8.2M | $19.4M | 50x | as long as short |
| dYdX XRP-USD | +0.270% | 0.0000% | 1h | $1.1M | $95K | 10x | as long as short |
| Pacifica XRP | +0.272% | +0.0100% | 1h | $658K | $1.0M | 20x | as long as short |
| Hyperliquid XRP | +0.276% | +0.0504% | 1h | $263.7M | $150.8M | 20x | as long as short |
| 01 Exchange XRPUSD | +0.276% | +0.0192% | 1h | $8K | $8K | 10x | as long as short |
| Kraken Futures PF_XRPUSD | +0.276% | +0.0217% | 1h | $16.5M | $43.2M | 50x | as long as short |
| Hibachi XRP/USDT-P | +0.281% | +0.0112% | 1h | $19K | $30K | 7x | as long as short |
| Coinbase International XRP-PERP-INTX | +0.282% | +0.0240% | 1h | $5.1M | $37.0M | 50x | as long as short |
| RISEx XRP/USDC | +0.286% | +0.0621% | 1h | $376K | $439K | 10x | as long as short |
| Kalshi KXXRPPERP | +0.289% | +0.0192% | 8h | $1.8M | $32.7M | 2.9x | as long as short |
| Backpack XRP_USDC_PERP | +0.296% | +0.0144% | 1h | $1.6M | $895K | 25x | as long as short |
| Paradex XRP-USD-PERP | +0.314% | +0.0100% | 8h | $467K | $54K | 50x | as long as short |