ArbiLayer

APR arbitrage

live

Live Capricorn price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+0.06%Gate → HTX · Perp–Perp
Best perp–perp spread+0.22%Gate → HTX
Markets tracked129 venues · 9 perp · 3 spot · 0 DEX
Price range0.60%$0.1159 – $0.1166

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.1159HTX logoHTX$0.1162 +0.22%+0.06% +0.22%— -0.015%— LS Chart →
Binance logoBinance$0.116HTX logoHTX$0.1162 +0.17%+0.01% +0.17%— -0.015%— LS Chart →
MEXC logoMEXC$0.116HTX logoHTX$0.1162 +0.17%+0.01% +0.17%— -0.015%— LS Chart →
Aster logoAster$0.116HTX logoHTX$0.1162 +0.17%+0.01% +0.17%— -0.015%— LS Chart →
Gate logoGate$0.1159OKX logoOKX$0.1161 +0.14%-0.02% +0.14%— 0.000%— LS Chart →
Bitget logoBitget$0.116HTX logoHTX$0.1162 +0.14%-0.02% +0.14%— -0.015%— LS Chart →
KuCoin logoKuCoin$0.1161HTX logoHTX$0.1162 +0.09%-0.07% +0.09%— -0.015%— LS Chart →
Binance logoBinance$0.116OKX logoOKX$0.1161 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
MEXC logoMEXC$0.116OKX logoOKX$0.1161 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Aster logoAster$0.116OKX logoOKX$0.1161 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Bybit logoBybit$0.1161HTX logoHTX$0.1162 +0.09%-0.07% +0.09%— -0.015%— LS Chart →
Bitget logoBitget$0.116OKX logoOKX$0.1161 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.1161OKX logoOKX$0.1161 +0.01%-0.15% +0.01%— 0.000%— LS Chart →
Binance logoBinance$0.116Bitget logoBitget$0.116 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bybit logoBybit$0.1161OKX logoOKX$0.1161 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Long = where you buy, Short = where you sell. Net subtracts a two-leg taker fee model; Spread+F adds the next funding payment.Updates every 15 seconds. Not investment advice.

APR price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · APR-USDT-SWAPPerpetual $0.1161$0.1162$0.1162+0.17% +0.030%$3.30M
Bitget logoBitgetPerpetual · APRUSDTPerpetual $0.116$0.116$0.116+0.06% +0.030%$1.62M
Bybit logoBybitPerpetual · APRUSDTPerpetual $0.1159$0.1161$0.116+0.04% +0.030%$811.8K
KuCoin logoKuCoinPerpetual · APRUSDTMPerpetual $0.1158$0.1161$0.116+0.01% +0.030%$621.6K
Bitget logoBitgetSpot · APRUSDTSpot $0.1158$0.1159$0.1159-0.08% —$449.3K
Gate logoGatePerpetual · APR_USDTPerpetual $0.1159$0.1159$0.1159-0.01% +0.030%$275.7K
KuCoin logoKuCoinSpot · APR-USDTSpot $0.1158$0.116$0.1159-0.04% —$169.6K
MEXC logoMEXCPerpetual · APR_USDTPerpetual $0.1159$0.116$0.1160.00% +0.030%$156.4K
HTX logoHTXPerpetual · APR-USDTPerpetual $0.1162$0.1169$0.1166+0.52% +0.015%$66.9K
Binance logoBinancePerpetual · APRUSDTPerpetual $0.1159$0.116$0.1160.00% +0.030%—
Aster logoAsterPerpetual · APRUSDTPerpetual $0.1158$0.116$0.1159-0.04% +0.030%—
MEXC logoMEXCSpot · APRUSDTSpot $0.1156$0.1161$0.1159-0.08% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

APR arbitrage explained

Right now Capricorn (APR) trades on 9 venues we scan: 9 perpetual markets, 3 spot markets and 0 DEX pools. The lowest ask is on Bitget spot at $0.1159 and the highest bid on HTX perp at $0.1162.

The widest APR perpetual spread is between Gate and HTX: long APR on Gate at $0.1159 and short on HTX at $0.1162 for +0.22% gross, or +0.06% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is -0.015% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best APR route is to buy spot on Bitget and short the perpetual on HTX: +0.26% gross, +0.06% net, with +0.015% a day of funding on the short leg.

Spot–spot APR arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) shows -0.09% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.

Small APR gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.

Related: APR funding rates · APR spread charts · Capricorn price · arbitrage scanner for all coins.

Is there a APR arbitrage opportunity right now?

The best APR route right now is to buy on Gate → sell on HTX (Perp–Perp): +0.22% gross and +0.06% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest APR?

Bitget (spot) has the lowest APR ask at $0.1159, and HTX (perp) the highest bid at $0.1162. Prices update every 15 seconds on this page.

How many exchanges list APR?

ArbiLayer tracks 12 APR markets on 9 venues: 9 perpetual, 3 spot and 0 DEX pools.

How do I arbitrage APR without transferring coins?

Use two perpetual contracts: go long APR on the cheaper exchange (Gate now) and short it on the more expensive one (HTX), then close both legs when the spread converges. The coins never move between exchanges.

Arbitrage for other coins

POWER +19.40%CRO +15.80%ESPORTS +8.54%OPENAI +5.94%ONE +5.38%OURA +3.87%ANTHROPIC +3.38%SPCX +3.20%EGLD +3.01%ZIL +2.90%CATE +2.87%FLYBRAIN +2.67%BONER +2.57%APPSTOCK +2.01%AI +1.91%ORCA +1.76%PENGSTOCK +1.73%STAMP +1.65%