Cross-exchange price spreads

The same perp on different venues: buy where the ask is lowest, sell where the bid is highest. Top of the book, every 15 s.

Indicative · marks from 2026-10-12 04:06 UTC

Live quotes are unavailable right now (last update: never). Shown instead: indicative spreads between mark prices from the funding snapshot. Marks are taken minutes apart and are not prices you can trade at.

Showing 51 of 51sorted by SpreadRankings are never paid for

Price spreads between venues: buy at the lowest ask, sell at the highest bid.
	Buy on	Ask	Sell on	Bid				Age	Quality			Flags	Open
ANTHROPICbuy on Extended, sell on Entropy	Extended	2,024.34	Entropy	2,069.8	2.22%	—	—	6m·6m	mark	—	$2k		Ex
PYTHbuy on Gate, sell on Lighter	GateCEX	0.08061	Lighter	0.08155	1.16%	1.01%	—	5m·6m	mark	34.2%	$64k	no FXUSDT/USD	Gt Li
HOOKEDbuy on Gate, sell on MEXC	GateCEX	0.005855	MEXCCEX	0.00592	1.10%	0.914%	—	5m·6m	mark	32.9%	$105k	no FX	Gt Mx
CHEEMSbuy on Gate, sell on Aster	GateCEX	0.0000005234	Aster	0.00000052869	1.01%	0.776%	—	5m·6m	mark	0.0%	$3k	no FX	Gt As
PHAbuy on Binance, sell on Variational	BinanceCEX	0.060146	Variational	0.0607479	0.996%	0.896%	—	5m·6m	mark	0.0%	$132k	no FXUSDT/USD	Bn Va
HMSTRbuy on Extended, sell on Hyperliquid	Extended	0.000165698	Hyperliquid	0.000167	0.783%	0.643%	—	6m·6m	mark	−0.4%	$115		Ex Hy
CHIPbuy on Lighter, sell on Variational	Lighter	0.06399	Variational	0.0644788	0.761%	0.761%	—	6m·6m	mark	0.4%	$435k		Li Va
CASHCATbuy on Lighter RH, sell on Lighter	Lighter RH	0.11905	Lighter	0.1197	0.545%	0.545%	—	6m·6m	mark	−89.4%	$446k		Lr Li
HBARbuy on Extended, sell on Lighter	Extended	0.0937555	Lighter	0.09414	0.409%	0.359%	—	6m·6m	mark	0.9%	$79k		Ex Li
ACHbuy on Gate, sell on Variational	GateCEX	0.006014	Variational	0.00603733	0.387%	0.237%	—	5m·6m	mark	0.0%	$8k	no FXUSDT/USD	Gt Va
SHELLbuy on Binance, sell on Gate	BinanceCEX	0.02335	GateCEX	0.02344	0.385%	0.135%	—	5m·5m	mark	0.0%	$5k	no FX	Bn Gt
SHROOMbuy on MEXC, sell on Aster	MEXCCEX	0.006914	Aster	0.00694	0.375%	0.255%	—	6m·6m	mark	38.1%	$8k	no FX	Mx As
HIVEbuy on Extended, sell on Bybit	Extended	0.0554763	BybitCEX	0.05567	0.349%	0.189%	—	6m·5m	mark	−0.4%	$82k	no FXUSDT/USD	Ex By
Hbuy on Bybit, sell on GRVT	BybitCEX	0.06008	GRVT	0.06028	0.332%	0.132%	—	5m·6m	mark	0.0%	$384k	no FX	By Gr
HEMIbuy on Extended, sell on Variational	Extended	0.00593773	Variational	0.00595742	0.331%	0.281%	—	6m·6m	mark	−0.4%	$13k		Ex Va
ETHFIbuy on Extended, sell on Lighter	Extended	0.727611	Lighter	0.72995	0.321%	0.271%	—	6m·6m	mark	−0.9%	$303k		Ex Li
HAEDALbuy on Variational, sell on Bybit	Variational	0.0191888	BybitCEX	0.01925	0.318%	0.208%	—	6m·5m	mark	−85.5%	$392	no FXUSDT/USD	Va By
ATHbuy on Bybit, sell on Aster	BybitCEX	0.006594	Aster	0.00661488	0.316%	0.126%	—	5m·6m	mark	0.0%	$35k	no FX	By As
BCHbuy on Extended, sell on MEXC	Extended	284.158	MEXCCEX	285.04	0.310%	0.220%	—	6m·6m	mark	−0.2%	$266k	no FXUSDT/USD	Ex Mx
HYPEbuy on Lighter RH, sell on Nado	Lighter RH	87.0655	Nado	87.3202	0.292%	0.222%	—	6m·6m	mark	10.9%	$7.9M	no FXUSDT/USD	Lr Na
SAHARAbuy on Extended, sell on Bitget	Extended	0.00886018	BitgetCEX	0.008886	0.291%	0.121%	—	6m·5m	mark	−0.4%	$110k	no FXUSDT/USD	Ex Bg
MORPHObuy on Extended, sell on Hyperliquid	Extended	2.46049	Hyperliquid	2.4676	0.288%	0.148%	—	6m·6m	mark	−0.4%	$629k		Ex Hy
SOPHbuy on Binance, sell on Variational	BinanceCEX	0.00356	Variational	0.00357006	0.282%	0.182%	—	5m·6m	mark	—	$7k	no FXUSDT/USD	Bn Va
CHILLGUYbuy on Variational, sell on Aster	Variational	0.0106957	Aster	0.0107246	0.270%	0.190%	—	6m·6m	mark	3.9%	$1k	no FXUSDT/USD	Va As
THEbuy on Binance, sell on Gate	BinanceCEX	0.06822	GateCEX	0.0684	0.264%	0.014%	—	5m·5m	mark	0.0%	$6k	no FX	Bn Gt
TOSHIbuy on Gate, sell on Bybit	GateCEX	0.0001147	BybitCEX	0.000115	0.261%	0.001%	—	5m·5m	mark	0.0%	$22k	no FX	Gt By
HOLObuy on Binance, sell on Bitget	BinanceCEX	0.062159	BitgetCEX	0.06232	0.259%	0.039%	—	5m·5m	mark	0.0%	$80k	no FX	Bn Bg
CHZbuy on Bybit, sell on Aster	BybitCEX	0.01579	Aster	0.0158302	0.254%	0.064%	—	5m·6m	mark	0.0%	$36k	no FX	By As
HYPERbuy on Binance, sell on Variational	BinanceCEX	0.07422	Variational	0.0744078	0.253%	0.153%	—	5m·6m	mark	0.0%	$3k	no FXUSDT/USD	Bn Va
DASHbuy on Extended, sell on Aster	Extended	52.5884	Aster	52.72	0.250%	0.120%	—	6m·6m	mark	3.1%	$111k	no FXUSDT/USD	Ex As
TRUTHbuy on Extended, sell on Bybit	Extended	0.0142276	BybitCEX	0.014263	0.248%	0.088%	—	6m·5m	mark	−0.4%	$104k	no FXUSDT/USD	Ex By
HOMEbuy on Variational, sell on Aster	Variational	0.00578361	Aster	0.00579747	0.239%	0.159%	—	6m·6m	mark	0.0%	$1k	no FXUSDT/USD	Va As
CHRbuy on Binance, sell on Variational	BinanceCEX	0.0229128	Variational	0.0229676	0.239%	0.139%	—	5m·6m	mark	0.0%	$6k	no FXUSDT/USD	Bn Va
HNTbuy on Bybit, sell on Gate	BybitCEX	0.4888	GateCEX	0.4899	0.225%	−0.035%	—	5m·5m	mark	0.0%	$30k	no FX	By Gt
ETHWbuy on Bitget, sell on Gate	BitgetCEX	0.2761	GateCEX	0.2767	0.217%	−0.053%	—	5m·5m	mark	0.0%	$6k	no FX	Bg Gt
HUMAbuy on Variational, sell on Bitget	Variational	0.0339575	BitgetCEX	0.03403	0.213%	0.093%	—	6m·5m	mark	0.0%	$20k	no FXUSDT/USD	Va Bg
ETHbuy on Ondo, sell on Lighter RH	Ondo	2,539.7	Lighter RH	2,544.98	0.208%	0.158%	—	6m·6m	mark	−6.0%	$3.3M		On Lr
THETAbuy on Bybit, sell on Bitget	BybitCEX	0.22494	BitgetCEX	0.2254	0.204%	−0.026%	—	5m·5m	mark	0.0%	$239k	no FX	By Bg
SHIBbuy on Extended, sell on Hyperliquid	Extended	0.00000547368	Hyperliquid	0.000005484	0.188%	0.048%	—	6m·6m	mark	14.5%	$443		Ex Hy
HEIbuy on MEXC, sell on Gate	MEXCCEX	0.1218	GateCEX	0.12202	0.180%	−0.010%	—	6m·5m	mark	0.0%	$51k	no FX	Mx Gt
SUSHIbuy on Variational, sell on Aster	Variational	0.241183	Aster	0.2416	0.173%	0.093%	—	6m·6m	mark	0.0%	$573	no FXUSDT/USD	Va As
FHEbuy on Extended, sell on Bybit	Extended	0.0201254	BybitCEX	0.02016	0.172%	0.012%	—	6m·5m	mark	−0.4%	$78k	no FXUSDT/USD	Ex By
LIGHTbuy on Variational, sell on MEXC	Variational	0.210557	MEXCCEX	0.2109	0.163%	0.123%	—	6m·6m	mark	—	$3k	no FXUSDT/USD	Va Mx
HANAbuy on Gate, sell on Aster	GateCEX	0.0132	Aster	0.0132208	0.157%	−0.073%	—	5m·6m	mark	0.0%	$51k	no FX	Gt As
ALCHbuy on Gate, sell on Aster	GateCEX	0.0429	Aster	0.042965	0.151%	−0.079%	—	5m·6m	mark	0.0%	$30	no FX	Gt As
NIGHTbuy on MEXC, sell on Binance	MEXCCEX	0.04849	BinanceCEX	0.04855	0.124%	−0.016%	—	6m·5m	mark	−14.7%	$1.3M	no FX	Mx Bn
VTHObuy on Bitget, sell on MEXC	BitgetCEX	0.0007419	MEXCCEX	0.0007428	0.121%	−0.039%	—	5m·6m	mark	0.0%	$149k	no FX	Bg Mx
PHAROSbuy on Bybit, sell on Binance	BybitCEX	0.669	BinanceCEX	0.6698	0.120%	−0.090%	—	5m·5m	mark	0.0%	$428k	no FX	By Bn
FIGHTbuy on Gate, sell on Binance	GateCEX	0.003616	BinanceCEX	0.00362	0.111%	−0.139%	—	5m·5m	mark	0.0%	$14k	no FX	Gt Bn
1INCHbuy on Variational, sell on Bitget	Variational	0.0989457	BitgetCEX	0.09904	0.095%	−0.025%	—	6m·5m	mark	0.0%	$19k	no FXUSDT/USD	Va Bg
HOTbuy on Binance, sell on Bitget	BinanceCEX	0.00042737	BitgetCEX	0.0004275	0.030%	−0.190%	—	5m·5m	mark	0.0%	$11k	no FX	Bn Bg

A positive spread is not risk-free arbitrage: only the top of the book is shown, and fills, transfers between venues, funding, latency and exit costs all apply. Not investment advice.

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What the columns and badges mean

Buy on: Venue with the lowest ask: where you would buy (long).
Ask: Best ask on the buy venue, per coin, in USDC (USDT converted).
Sell on: Venue with the highest bid: where you would sell (short).
Bid: Best bid on the sell venue, per coin, in USDC (USDT converted).
Spread: (bid − ask) / mid between the two venues, before fees. Bold: positive on two updates of both quotes in a row.
Net: Spread minus taker fees on both legs, paid on entry and again on exit (exit assumed at zero spread).
24h max: Largest spread of this coin in the last 24 hours (all venues, live quotes, default rules).
Age: Age of the buy · sell quotes at the last refresh of this table.
Quality: Source of the prices: book = top-of-book bid and ask; mid = midpoint only; mark = mark price (indicative).
Funding Δ: Funding APR of the short (sell) leg minus the long (buy) leg, from the funding screener. Positive: the position also earns funding.
Vol 24h: 24-hour volume of the thinner leg.
Flags: Warnings about the quotes behind the spread.
book: Both prices are top-of-book bid and ask.
mid: A leg has a midpoint price only: indicative.
mark: A leg is a mark price (Lighter, or a venue without live quotes): indicative, not a price you can trade at.
≠ asset?: A venue's price is more than 3% from the others: maybe a different asset or contract size. Verify before trading.
big spread: Spread above 3%: usually a data or identity problem, rarely a real opportunity.
timing gap: The two quotes are more than 5 s apart: part of the spread may be time, not price.
closed: The underlying market is closed (session hours): prices can drift.
no FX: No fresh USDT/USDC rate: USDT prices are not converted.
USDT/USD: The legs settle in different stablecoins (USDT vs USDC or USD).
RFQ: Request-for-quote price: the fill you get may differ.
no size: The venue publishes no size at the top of the book.
sampled: Quotes are sampled, not streamed: they may lag.
impact: Impact price for a set size, not the top of the book.
API off: The venue reports this market's API as disabled.