XRP: Kraken ↔ Gate arbitrage

XRP arbitrage between Kraken and Gate: we compare the price of XRP on Kraken (spot) and Gate (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 Gate stayed between 0.05% and 0.16%, median 0.07% across 29 samples (futures to futures).

XRP: Gate — deposit open, withdrawal open.

Open interest in XRP right now — $1.5B: Binance $429.5M, Bybit $311.8M, Bitget $236.1M, HyperLiquid $234.7M, KuCoin $143.9M. See OI XRP.

News about XRP

• BIS Tests XRP Ledger to Anchor Official Statistics On-Chain in Proof-of-Concept Paper
• Ripple CEO, Brad Garlinghouse, Calls CLARITY Act Within Reach as XRP Runs
• Analyst sees major XRP rally possible against Ethereum if falling wedge confirms
• XRP eyes $60 long-term target if monthly breakout tops $3.66 resistance
• Digital Asset Investor outlines 101 XRP reasons, cites BIS focus and Senate vote

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 Gate. 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.