XRP arbitrage between Kraken and BingX: we compare the price of XRP on Kraken (spot) and BingX (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 Kraken and BingX stayed between 1.31% and 8.19%, median 1.82% across 19 samples (futures to spot (basis)).

XRP: BingX — deposit open, withdrawal open.

Open interest in XRP right now — $1.6B: KuCoin $414.5M, Binance $391.3M, Bybit $238.4M, Bitget $200.7M, HyperLiquid $135.5M. See OI XRP.

News about XRP

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 Kraken and BingX. 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.