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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 13 of 13sorted 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
MUSEBOOKbuy on MEXC, sell on Gate	MEXCCEX	0.0000223	GateCEX	0.00002294	2.83%	2.64%	—	5m·4m	mark	91.5%	$40k	no FX	Mx Gt
ARGUSbuy on MEXC, sell on Aster	MEXCCEX	0.01058	Aster	0.0106705	0.851%	0.731%	—	5m·5m	mark	−427%	$5k	no FX	Mx As
USbuy on Extended, sell on Variational	Extended	0.0121247	Variational	0.0121865	0.509%	0.459%	—	5m·5m	mark	22.3%	$107k		Ex Va
DUSKbuy on Binance, sell on Gate	BinanceCEX	0.08849	GateCEX	0.08894	0.507%	0.257%	—	4m·4m	mark	0.0%	$358k	no FX	Bn Gt
USUALbuy on Binance, sell on Variational	BinanceCEX	0.0124444	Variational	0.0125002	0.447%	0.347%	—	4m·5m	mark	0.0%	$846	no FXUSDT/USD	Bn Va
TRUSTbuy on Bitget, sell on Gate	BitgetCEX	0.05606	GateCEX	0.0563	0.427%	0.157%	—	4m·4m	mark	0.0%	$6k	no FX	Bg Gt
USELESSbuy on Lighter, sell on Lighter RH	Lighter	0.204725	Lighter RH	0.20559	0.422%	0.422%	—	5m·5m	mark	0.0%	$129k		Li Lr
CETUSbuy on Binance, sell on Variational	BinanceCEX	0.02656	Variational	0.0266615	0.382%	0.282%	—	4m·5m	mark	0.0%	$2k	no FXUSDT/USD	Bn Va
GENIUSbuy on Variational, sell on Aster	Variational	0.333881	Aster	0.334861	0.293%	0.213%	—	5m·5m	mark	0.0%	$330	no FXUSDT/USD	Va As
USTCbuy on Binance, sell on Variational	BinanceCEX	0.005409	Variational	0.00542401	0.277%	0.177%	—	4m·5m	mark	0.0%	$725	no FXUSDT/USD	Bn Va
SUSHIbuy on Variational, sell on Aster	Variational	0.241183	Aster	0.2416	0.173%	0.093%	—	5m·5m	mark	0.0%	$573	no FXUSDT/USD	Va As
USD1buy on Gate, sell on Aster	GateCEX	0.999	Aster	0.999974	0.097%	−0.133%	—	4m·5m	mark	10.4%	$17	no FX	Gt As
USDCbuy on Bybit, sell on Binance	BybitCEX	1.0003	BinanceCEX	1.00051	0.021%	−0.189%	—	4m·4m	mark	22.9%	$239k	no FX	By Bn

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.