XRP: HTX ↔ Kraken arbitrage

XRP arbitrage between HTX and Kraken: we compare the price of XRP on HTX (futures) and Kraken (spot) in real time — the executable spread (buy at the ask, sell at the bid), basis, volume and deposit/withdrawal status. You can see whether the gap holds or is a one-second blip you would never get into.

About XRP

XRP is a decentralized digital asset and the native token of the XRP Ledger, a Layer 1 blockchain designed for high-performance global payments. Its primary value proposition is offering a fast, cost-effective alternative to traditional banking systems by enabling near-instant cross-border settlements that finalize in three to five seconds. By serving as a neutral bridge asset between different fiat currencies, it helps financial institutions lower liquidity costs and eliminates the need for pre-funded accounts. The network is unique because it utilizes a federated consensus protocol instead of energy-intensive mining or staking. This system achieves deterministic finality through a Unique Node List of trusted validators who must reach an eighty percent agreement threshold to permanently record transactions.…

Smart Contract Platform, Layer 1 (L1), FTX Holdings, Pantera Capital Portfolio

Over the past 24 hours the spread between HTX and Kraken stayed between 0.03% and 0.27%, median 0.05% across 76 samples (spot to spot).

XRP: HTX — deposit open, withdrawal open.

Open interest in XRP right now — $1.5B: Binance $420.6M, Bybit $304.3M, Bitget $240.5M, HyperLiquid $231.3M, KuCoin $152.9M. See OI XRP.

News about XRP

• House cuts September schedule, CLARITY Act passage at risk for XRP
• XRP Ledger has fewer active accounts, but bigger trades and more value
• XRP stabilizes above $1.40 as whales target $1.25 before US Senate vote
• XRP Bulls Defend Key Level as Analyst Envisions Another 100% Rally
• XRP Pivot Point: Why the $1.25 Price Level Matters Most Before Sept. 15

About XRP arbitrage

How do I read the XRP spread?

The spread is how many percent higher XRP trades on one exchange than on the other. We measure it at tradeable prices (ask/bid) net of fees; “net” is closer to what you actually keep.

Is this arbitrage worth taking?

Look past the spread: check volume, order-book depth and the deposit/withdrawal status on HTX and Kraken. If deposits or withdrawals are shut, or the book is thin, the spread exists on paper but you cannot trade into it.

How do I get XRP alerts?

Build a rule in the the builder with the spread threshold you want — the notification arrives as a Telegram direct message within seconds.