data as of
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XRP

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Spread before costs (cost unknown: a leg has no order-book sample)+0.114%
7d average+0.040%if it closes, per $10,000$11funding while held, a day+$10.74
Long on Variational OmniShort on Hyperliquid
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni XRP1.50840.0100pay 0.0100% / 8h4h 58m$6.3M$19.8M—
ShortHyperliquid XRP1.51010.0458get 0.0057% / 1h58m 14s$274.5M$155.5M20x

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
$11.35
Funding while held
$10.74
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
$13.09
Spread needed to break even
0.090%
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Hyperliquid: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0358%
Per $10,000 a day
+$10.74
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, 2 min ago2.02 bpdoesn't fit4.9 bp −$4918.9 bp −$1,885doesn't fit
Sell Hyperliquid live order book, 7 min ago0.33 bp4.8 bp −$55.7 bp −$5710.1 bp −$1,011doesn't fit

XRP price on every exchange

against the cheapest. Click to use as the short leg.
Injective1.4090cheapest
HTX1.5075+6.991%Gate1.5079+7.019%MEXC1.5079+7.019%Bitget1.5079+7.019%Bybit1.5080+7.026%OKX1.5080+7.026%Orderly1.5080+7.026%Aster1.5081+7.033%Binance1.5081+7.033%Bullet1.5081+7.033%Extended1.5081+7.034%Reya1.5082+7.039%SoDEX1.5082+7.040%Aevo1.5083+7.044%KuCoin1.5083+7.048%
Variational Omni1.5084+7.054%
BingX1.5084+7.055%Phemex1.5084+7.055%Vest1.5084+7.056%Lighter1.5084+7.057%GMX1.5085+7.058%Kraken Futures1.5085+7.058%Deribit1.5085+7.062%Derive1.5085+7.065%gTrade (Gains Network)1.5086+7.068%Lighter RH1.5086+7.069%SunX1.5087+7.074%Polymarket Perps1.5087+7.076%Nado1.5088+7.087%Paradex1.5091+7.105%Pacifica1.5092+7.110%Ondo Perps1.5092+7.111%Katana Perps1.5092+7.111%BloFin1.5092+7.111%edgeX1.5093+7.117%01 Exchange1.5093+7.119%Backpack1.5093+7.119%Coinbase International1.5093+7.119%Arcus1.5094+7.126%Hotstuff1.5094+7.126%dYdX1.5094+7.129%RISEx1.5097+7.147%Hibachi1.5097+7.148%Aftermath Perps1.5098+7.156%Phoenix1.5100+7.168%
Hyperliquid1.5101+7.175%
Kalshi1.5109+7.232%Bulk1.5130+7.379%ApeX Omni1.5132+7.395%

XRP on 50 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective XRP/USDC PERP−6.589%+0.0033%1h$2K$33K30xas long as short
HTX XRP-USDT−0.058%+0.0100%8h$49.7M$13.5M75xas long as short
Gate XRP_USDT−0.032%+0.0100%8h$351.3M$125.0M100xas long as short
MEXC XRP_USDT−0.032%+0.0100%8h$302.0M$734.1M300xas long as short
Bitget XRPUSDT−0.032%+0.0100%8h$260.1M$317.0M125xas long as short
Bybit XRPUSDT−0.026%+0.0100%8h$344.6M$773.3M100xas long as short
OKX XRP-USDT-SWAP−0.026%+0.0100%8h$126.7M$792.3M100xas long as short
Orderly PERP_XRP_USDC−0.026%+0.0055%8h$180K$777K50xas long as short
Aster XRPUSDT−0.019%+0.0100%8h$38.3M$67.5M100xas long as short
Binance XRPUSDT−0.019%+0.0100%8h$538.5M$1.71B100xas long as short
Show all 50 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Bullet XRP-USD−0.019%+0.0100%1h$41K$61K20xas long as short
Extended XRP-USD−0.019%+0.0104%1h$2.0M$6.7M50xas long as short
Reya XRPRUSDPERP−0.014%+0.0208%1h$1.3M$11K15xas long as short
SoDEX XRP-USD−0.012%+0.0100%1h$31K$1.8M10xas long as short
Aevo XRP-PERP−0.009%+0.0104%1h$73K$39K3xas long as short
KuCoin XRPUSDTM−0.005%+0.0100%8h$112.1M$137.1M75xas long as short
Variational Omni XRPlong0.000%+0.0100%8h$6.3M$19.8M—
BingX XRP-USDC+0.001%+0.0100%8h—$3.6M—as long as short
Phemex XRPUSDT+0.001%+0.0100%8h$54.9M$26.2M50xas long as short
Vest XRP-PERP+0.002%+0.0100%1h—$9K10xas long as short
Lighter XRP+0.003%+0.0096%1h$3.0M$9.9M20xas long as short
GMX XRP/USD [ETH-USDC]+0.004%L −0.0206% / S +0.0292%1h$1.6M—200xas long as short
Kraken Futures PF_XRPUSD+0.004%+0.0263%1h$16.0M$53.7M50xas long as short
Deribit XRP_USDC-PERPETUAL+0.007%0.0000%1h$8.7M$21.6M50xas long as short
Derive XRP-PERP+0.010%+0.0100%1h$813K$67K10xas long as short
gTrade (Gains Network) XRP/USD+0.013%L +0.0003% / S −0.0005%1h$268K—150xas long as short
Lighter RH XRP+0.014%+0.0096%1h$580K$2.4M20xas long as short
SunX XRP-USDT+0.019%+0.0100%8h$127K$1.7M30xas long as short
Polymarket Perps XRP-USD+0.021%+0.0100%1h$50K$417K20xas long as short
Nado XRP-PERP+0.031%+0.0100%1h$1.1M$4.9M20xas long as short
Paradex XRP-USD-PERP+0.048%+0.0100%8h$470K$54K50xas long as short
Pacifica XRP+0.052%+0.0100%1h$667K$1.0M20xas long as short
Ondo Perps XRP-USD.P+0.054%+0.0100%1h$562K$45K5xas long as short
Katana Perps XRP-USD+0.054%+0.0100%8h$11K$249K20xas long as short
BloFin XRP-USDT+0.054%+0.0220%8h$24.0M$58.9M125xas long as short
edgeX XRPUSDC+0.059%+0.0100%4h$657K$88.0M30xas long as short
01 Exchange XRPUSD+0.060%+0.0096%1h$8K$8K10xas long as short
Backpack XRP_USDC_PERP+0.060%+0.0213%1h$1.7M$893K25xas long as short
Coinbase International XRP-PERP-INTX+0.060%+0.0208%1h$5.2M$39.5M50xas long as short
Arcus XRP-USD+0.067%+0.0100%1h$122K$589K20xas long as short
Hotstuff XRP-PERP+0.067%−0.0080%1h$7K$2K20xas long as short
dYdX XRP-USD+0.070%0.0000%1h$1.1M$101K10xas long as short
RISEx XRP/USDC+0.087%+0.0441%1h$390K$469K10xas long as short
Hibachi XRP/USDT-P+0.088%+0.0320%1h$19K$37K7xas long as short
Aftermath Perps XRPUSD+0.096%+0.0548%1h$1K$9K10xas long as short
Phoenix XRP+0.107%0.0000%1h$67K$89K15xas long as short
Hyperliquid XRPshort+0.114%+0.0458%1h$274.5M$155.5M20x
Kalshi KXXRPPERP+0.167%+0.0174%8h$1.7M$32.0M2.9xas long as short
Bulk XRP-USD+0.304%+0.0100%1h$1.6M$171K20xas long as short
ApeX Omni XRPUSDT+0.319%+0.0100%1h$1.0M$783K50xas long as short