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)+0.582%
7d average−0.112%if it closes, per $10,000$58funding while held, a day+$0.22
Long on Variational OmniShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XRP1.49140.0100pay 0.0100% / 8h11m 54s$5.3M$16.9M—
ShortBackpack XRP_USDC_PERP1.50010.0107get 0.0013% / 1h11m 54s$1.7M$918K25x

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
$58.18
Funding while held
$0.22
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Backpack: 5 bp × 2 orders
−$10
Net
$48.4
Spread needed to break even
0.100%
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Backpack: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0007%
Per $10,000 a day
+$0.22
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 Variational Omni RFQ quote, 4 min ago2.05 bpdoesn't fit5.9 bp −$5920.7 bp −$2,075doesn't fit
Sell Backpack live order book, 4 min ago0.34 bp5.3 bp −$56.9 bp −$69doesn't fitdoesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
Bulk1.4908+5.802%
Variational Omni1.4914+5.850%
Phoenix1.4920+5.891%edgeX1.4928+5.950%ApeX Omni1.4934+5.990%Aftermath Perps1.4943+6.053%Ondo Perps1.4947+6.082%BloFin1.4950+6.104%Hibachi1.4955+6.136%Hotstuff1.4957+6.153%dYdX1.4957+6.156%Vest1.4965+6.213%Pacifica1.4966+6.215%Katana Perps1.4966+6.217%HTX1.4967+6.221%Kalshi1.4967+6.224%Arcus1.4970+6.246%01 Exchange1.4972+6.260%Reya1.4972+6.260%Nado1.4972+6.263%Paradex1.4973+6.265%GMX1.4975+6.279%Polymarket Perps1.4975+6.281%Orderly1.4975+6.281%Bullet1.4976+6.288%RISEx1.4977+6.293%Derive1.4977+6.295%gTrade (Gains Network)1.4977+6.297%Aevo1.4978+6.302%SoDEX1.4979+6.309%SunX1.4980+6.314%Deribit1.4982+6.331%Phemex1.4987+6.366%Lighter RH1.4990+6.388%Kraken Futures1.4991+6.391%Bybit1.4992+6.402%Lighter1.4992+6.403%OKX1.4995+6.423%Aster1.4996+6.427%Gate1.4996+6.430%Bitget1.4996+6.430%Coinbase International1.4996+6.430%BingX1.4997+6.437%Extended1.4997+6.438%Binance1.4997+6.440%MEXC1.4999+6.451%KuCoin1.5000+6.456%
Backpack1.5001+6.466%
Hyperliquid1.5012+6.544%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−5.526%+0.0033%1h$2K$63K30xas long as short
Bulk XRP-USD−0.045%+0.0100%1h$1.7M$217K20xas long as short
Variational Omni XRPlong0.000%+0.0100%8h$5.3M$16.9M—
Phoenix XRP+0.039%0.0000%1h$69K$28K15xas long as short
edgeX XRPUSDC+0.094%+0.0100%4h$680K$85.6M30xas long as short
ApeX Omni XRPUSDT+0.133%+0.0100%1h$1.0M$815K50xas long as short
Aftermath Perps XRPUSD+0.192%+0.0742%1h$1K$9K10xas long as short
Ondo Perps XRP-USD.P+0.220%+0.0100%1h$558K$47K5xas long as short
BloFin XRP-USDT+0.240%+0.0220%8h$23.6M$56.6M125xas long as short
Hibachi XRP/USDT-P+0.270%+0.0216%1h$19K$30K7xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Hotstuff XRP-PERP+0.287%−0.0080%1h$6K$2K20xas long as short
dYdX XRP-USD+0.289%0.0000%1h$1.1M$107K10xas long as short
Vest XRP-PERP+0.343%+0.0100%1h—$9K10xas long as short
Pacifica XRP+0.345%+0.0100%1h$629K$1.0M20xas long as short
Katana Perps XRP-USD+0.347%+0.0100%8h$13K$223K20xas long as short
HTX XRP-USDT+0.350%+0.0100%8h$49.4M$13.3M75xas long as short
Kalshi KXXRPPERP+0.354%+0.0179%8h$1.8M$33.8M2.9xas long as short
Arcus XRP-USD+0.374%+0.0100%1h$118K$592K20xas long as short
01 Exchange XRPUSD+0.387%+0.0160%1h$8K$8K10xas long as short
Reya XRPRUSDPERP+0.388%+0.0205%1h$1.3M$15K15xas long as short
Nado XRP-PERP+0.391%+0.0100%1h$1.1M$4.8M20xas long as short
Paradex XRP-USD-PERP+0.392%+0.0100%8h$468K$54K50xas long as short
GMX XRP/USD [ETH-USDC]+0.406%L −0.0205% / S +0.0292%1h$1.6M—200xas long as short
Polymarket Perps XRP-USD+0.407%+0.0100%1h$61K$385K20xas long as short
Orderly PERP_XRP_USDC+0.407%+0.0051%8h$189K$760K50xas long as short
Bullet XRP-USD+0.414%+0.0100%1h$41K$57K20xas long as short
RISEx XRP/USDC+0.419%+0.0579%1h$398K$411K10xas long as short
Derive XRP-PERP+0.420%+0.0100%1h$807K$68K10xas long as short
gTrade (Gains Network) XRP/USD+0.423%L +0.0003% / S −0.0003%1h$219K—150xas long as short
Aevo XRP-PERP+0.428%+0.0104%1h$72K$39K3xas long as short
SoDEX XRP-USD+0.434%+0.0100%1h$31K$2.1M10xas long as short
SunX XRP-USDT+0.438%+0.0100%8h$125K$1.7M30xas long as short
Deribit XRP_USDC-PERPETUAL+0.454%0.0000%1h$8.2M$19.8M50xas long as short
Phemex XRPUSDT+0.488%+0.0100%8h$53.9M$25.7M50xas long as short
Lighter RH XRP+0.508%+0.0096%1h$487K$2.0M20xas long as short
Kraken Futures PF_XRPUSD+0.512%+0.0366%1h$17.6M$42.3M50xas long as short
Bybit XRPUSDT+0.521%+0.0100%8h$334.7M$756.5M100xas long as short
Lighter XRP+0.523%+0.0096%1h$2.8M$7.8M20xas long as short
OKX XRP-USDT-SWAP+0.542%+0.0100%8h$124.6M$761.0M100xas long as short
Aster XRPUSDT+0.545%+0.0100%8h$38.1M$66.1M100xas long as short
Gate XRP_USDT+0.548%+0.0100%8h$355.4M$124.8M100xas long as short
Bitget XRPUSDT+0.548%+0.0100%8h$256.8M$310.4M125xas long as short
Coinbase International XRP-PERP-INTX+0.548%+0.0224%1h$5.5M$36.8M50xas long as short
BingX XRP-USDT+0.555%+0.0100%8h—$96.4M—as long as short
Extended XRP-USD+0.556%+0.0104%1h$1.9M$7.2M50xas long as short
Binance XRPUSDT+0.558%+0.0100%8h$529.9M$1.66B100xas long as short
MEXC XRP_USDT+0.568%+0.0100%8h$294.2M$739.6M300xas long as short
KuCoin XRPUSDTM+0.572%+0.0100%8h$113.8M$141.3M75xas long as short
Backpack XRP_USDC_PERPshort+0.582%+0.0107%1h$1.7M$918K25x
Hyperliquid XRP+0.656%+0.0757%1h$265.2M$156.3M20xas long as short