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 05:16 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.
| Buy on | Ask | Sell on | Bid | Age | Quality | Flags | Open | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IMXVabuy on Variational, sell on HyperliquidHy | VaVariational | 0.191458 | HyHyperliquid | 0.19219 | 0.382% | 0.292% | — | 6m·6m | mark | 0.0% | $21k | VaHy |
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.