XRP arbitrage explained
Right now XRP trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $1.46 and the highest bid on Gate spot at $1.46.
The widest XRP perpetual spread is between Bitget and Variational: long XRP on Bitget at $1.46 and short on Variational at $1.46 for +0.07% gross, or -0.09% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.003% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best XRP route is to buy spot on KuCoin and short the perpetual on Variational: -0.00% gross, -0.20% net, with +0.013% a day of funding on the short leg.
Spot–spot XRP arbitrage (buy on KuCoin, withdraw, deposit and sell on Gate) shows +0.02% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small XRP gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: XRP funding rates · XRP spread charts · XRP price · arbitrage scanner for all coins.