Cheapest exchange to trade XRP perpetual futures

Name: Measured XRP perpetual futures trading cost by venue
Creator: PerpFinder
License: https://perpfinder.com/terms

39 XRP perp venues ranked by the measured cost of one market buy. MEXC was cheapest at $10,000. edgeX was cheapest at $1,000,000. 15 books could not fill $1,000,000.

39 venues ranked in the latest cost sweepStored sweep, every 6 hoursas of September 23, 2026, 18:55 UTCSource: Cost methodology

Where an XRP perp order costs least

At 18:55 UTC on September 23, 2026, MEXC had the lowest measured cost for a $10,000 XRP market buy: 2.33 bps ($2.33). Extended was second at 2.83 bps ($2.83), and Reya was third at 3.73 bps ($3.73). The median of the 39 ranked venues was 6.33 bps, 2.7 times the rank-1 cost. The 2.00 bps taker fee was 86% of the MEXC total. Half-spread and impact added 0.33 bps. The first centralized exchange (CEX) was MEXC at rank 1. The first decentralized exchange (DEX) was Extended at rank 2. For a $1,000,000 XRP order, edgeX took rank 1 at 8.90 bps ($889.62). The books of 15 venues could not fill that order within 2% of the best price. In the last 7 days of methodology v8, before the change to v9 (28 sweeps), rank 1 changed between two venues: MEXC in 26, Extended in 2.

XRP cost by venue at $10,000

Measured taker cost of a $10,000 XRP perpetual market buy by venue, ranked by total cost, at 18:55 UTC.
#	Venue	Type	Taker fee (bps)	Spread + impact (bps)	Total (bps)	Total on $10,000	Depth read
1	MEXC	CEX	2.00	0.33	2.33	$2.33	$46.4M · high
2	Extended	DEX	2.50	0.33	2.83	$2.83	$661K · high
3	Reya	DEX, oracle	3.00	0.73	3.73	$3.73	—
4	RISEx	DEX	3.00	1.00	4.00	$4.00	$239K · high
5	NADO	DEX	3.50	0.78	4.28	$4.28	$941K · high
6	GMTrade	DEX, oracle	4.00	0.42	4.42	$4.42	—
7	Aster	DEX	4.00	0.67	4.67	$4.67	$1.4M · high
8	Paradex	DEX	0.00	5.01	5.01	$5.01	$80K · high
9	Deribit	CEX	3.50	1.53	5.03	$5.03	$1.1M · high
10	Pacifica	DEX	4.00	1.10	5.10	$5.10	$87K · high
11	Gains	DEX, oracle	5.00	0.13	5.13	$5.13	—
12	GRVT	DEX	4.50	0.67	5.17	$5.17	$2.0M · high
13	Binance	CEX	5.00	0.33	5.33	$5.33	$16.9M · high
14	BingX	CEX	5.00	0.67	5.67	$5.67	$21.9M · high
15	OKX	CEX	5.00	0.83	5.83	$5.83	$6.4M · high
16	Hyperliquid	DEX	4.50	1.34	5.84	$5.84	$14.3M · high
17	edgeX	DEX	4.50	1.34	5.84	$5.84	$1.8M · high
18	Bybit	CEX	5.50	0.67	6.17	$6.17	$14.0M · high
19	Bitget	CEX	6.00	0.33	6.33	$6.33	$12.8M · high
19	Bitunix	CEX	6.00	0.33	6.33	$6.33	$9.0M · high
19	XT.COM	CEX	6.00	0.33	6.33	$6.33	$21.1M · high
22	Coinbase	CEX	4.00	2.34	6.34	$6.34	$3.4M · high
23	WhiteBIT	CEX	5.50	1.17	6.67	$6.67	$10.9M · high
24	BloFin	CEX	6.00	1.00	7.00	$7.00	$19.3M · high
25	Gate.io	CEX	5.00	2.34	7.34	$7.34	$12.5M · high
26	Apex Omni	DEX	5.00	2.34	7.34	$7.34	$246K · high
27	Avantis	DEX, oracle	4.50	3.00	7.50	$7.50	—
28	Kraken	CEX	5.00	3.51	8.51	$8.51	$9.1M · high
29	Crypto.com	CEX	4.00	4.67	8.67	$8.67	$131K · high
30	Ostium	DEX, oracle	6.00	2.73	8.73	$8.73	—
31	KuCoin	CEX	6.00	2.94	8.94	$8.94	$5.1M · high
32	HTX	CEX	6.00	3.91	9.91	$9.91	$3.0M · high
33	GMX	DEX, oracle	6.00	4.15	10.15	$10.15	—
34	Phemex	CEX	6.00	4.61	10.61	$10.61	$3.7M · high
35	Aevo	DEX	8.00	11.02	19.02	$19.02	$82K · high
36	SunX	DEX	4.00	19.70	23.70	$23.70	$425K · high
37	Hibachi	DEX	4.50	25.01	29.51	$29.51	$171K · high
38	dYdX	DEX	5.00	27.46	32.46	$32.46	$2.9M · high
39	Orderly	DEX	3.00	43.48	46.48	$46.48	$31K · high

Measured but not ranked (4): Hotstuff, because the book could not fill the order within 2% of the best price; Toobit, WEEX, because the displayed depth did not pass the plausibility check; MYX, because the pool quote is documented or estimated, not measured.

39 ranked venues42 of 43 integrated venues returned a bookSources: PerpFinder cost engine, venue order books

XRP cost profile and venue coverage

On a $10,000 XRP order, the median fee was 5.00 bps and the median half-spread plus impact was 1.34 bps. The book cost more than the fee on 7 of 39 venues. At $1,000,000, the book cost more than the fee on 22 of 24 venues, with a median book cost of 16.06 bps.

Lighter ranks on the other assets but not on XRP. The cheapest XRP order was number 6 of 7 assets. BTC was the lowest at 0.31 bps and DOGE the highest at 2.54 bps. MEXC had rank 1 on 2 of the 7 assets.

How XRP cost grows with order size

From $10,000 to $1,000,000, the median XRP venue added 12.32 bps. edgeX added the least (5.84 to 8.90 bps) and GRVT the most (5.17 to 56.75 bps). 15 of the 39 venues ranked at $10,000 had no rank at $1,000,000.

Total taker cost of a XRP perpetual market buy at each stored order size, per venue, sorted by the $1,000,000 cost.
Venue	$10,000 (bps)	$100,000 (bps)	$1,000,000 (bps)	Impact at $1,000,000 (bps)	Rank at $1,000,000
edgeX	5.84	5.84	8.90	3.06	1
BingX	5.67	6.43	9.31	3.65	2
Hyperliquid	5.84	6.82	11.74	5.91	3
Bitunix	6.33	7.18	12.04	5.70	4
BloFin	7.00	8.99	13.29	6.28	5
Binance	5.33	6.72	13.66	8.33	6
Bybit	6.17	7.46	14.04	7.87	7
XT.COM	6.33	7.94	15.21	8.88	8
OKX	5.83	8.26	15.66	10.33	9
Bitget	6.33	9.19	18.04	11.71	10
Kraken	8.51	11.50	20.49	12.15	11
Gains	5.13	6.30	20.51	15.51	12
Coinbase	6.34	9.50	22.20	15.87	13
GMX	10.15	11.94	22.62	16.62	14
Phemex	10.61	14.13	23.38	13.04	15
Avantis	7.50	12.13	23.99	19.49	16
KuCoin	8.94	10.56	24.12	17.42	17
WhiteBIT	6.67	14.00	25.27	18.60	18
Aster	4.67	5.58	25.75	21.08	19
Gate.io	7.34	9.88	29.15	21.82	20
HTX	9.91	12.18	36.52	26.62	21
Deribit	5.03	8.12	41.74	36.91	22
dYdX	32.46	40.47	44.62	13.92	23
GRVT	5.17	15.03	56.75	51.58	24
MEXC	2.33	2.93	—	—	—
Extended	2.83	4.70	—	—	—
Reya	3.73	9.33	—	—	—
RISEx	4.00	7.34	—	—	—
NADO	4.28	9.69	—	—	—
GMTrade	4.42	—	—	—	—
Paradex	5.01	—	—	—	—
Pacifica	5.10	—	—	—	—
Apex Omni	7.34	11.94	—	—	—
Crypto.com	8.67	17.68	—	—	—
Ostium	8.73	—	—	—	—
Aevo	19.02	—	—	—	—
SunX	23.70	27.38	—	—	—
Hibachi	29.51	50.03	—	—	—
Orderly	46.48	—	—	—	—

39 venues ranked at $10,000A dash means the venue had no rank at that size: the book could not fill it or its depth was not confirmed.Sources: Stored sweep September 23, 2026, 18:55 UTC

XRP top five over time

Number of stored sweeps in which each venue ranked in the top 5 for a $10,000 XRP market buy, methodology v8.
Venue	Top 5, 7 days	Rank 1, 7 days	Median total, 7 days (bps)
Extended	28 of 28	2	3.01
MEXC	27 of 28	26	2.36
Reya	26 of 28	0	3.61
NADO	23 of 28	0	4.16
RISEx	17 of 28	0	4.28
GMX	13 of 28	0	7.61
Gains	2 of 28	0	5.13
Hyperliquid	1 of 28	0	4.86
Aster	1 of 28	0	4.99
GMTrade	1 of 28	0	5.08
Deribit	1 of 28	0	5.40

11 venues in the top five at least onceThese counts use methodology v8, the version before v9. They cover the sweeps up to September 23, 2026, 12:00 UTC. The methodology v9 7- and 30-day counts start on September 30, 2026 and October 23, 2026.Sources: Stored 6-hour sweeps, methodology v8

Data and related rankings

42 of 43 integrated venues returned an XRP book in this sweep. These costs come from the stored sweep measured at 18:55 UTC on September 23, 2026. The live cost comparison reads the order books when you open it, so its costs can differ from this page. Download the XRP series as CSV, or read the cost methodology. Compare BTC, ETH, SOL, BNB, DOGE and HYPE, or open the all-asset ranking.