ArbiLayer

AXL arbitrage

live

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

Best net spread-0.02%Variational → Bybit · Perp–Perp
Best perp–perp spread+0.14%Variational → Bybit
Markets tracked117 venues · 7 perp · 4 spot · 0 DEX
Price range0.38%$0.0492 – $0.0494

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$0.0493Bybit logoBybit$0.0493 +0.14%-0.02% +0.14%— +0.000%— LS Chart →
Binance logoBinance$0.0493Bybit logoBybit$0.0493 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Variational logoVariational$0.0493MEXC logoMEXC$0.0493 +0.04%-0.12% +0.04%— +0.000%— LS Chart →
Bitget logoBitget$0.0493Bybit logoBybit$0.0493 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Binance logoBinance$0.0493MEXC logoMEXC$0.0493 0.00%-0.16% 0.00%— 0.000%— LS Chart →
MEXC logoMEXC$0.0493Bybit logoBybit$0.0493 0.00%-0.16% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0493Bybit logoBybit$0.0493 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Variational logoVariational$0.0493Bitget logoBitget$0.0493 -0.02%-0.18% -0.02%— +0.000%— LS Chart →
Variational logoVariational$0.0493Binance logoBinance$0.0492 -0.04%-0.20% -0.04%— +0.000%— LS Chart →
Variational logoVariational$0.0493Aster logoAster$0.0492 -0.04%-0.20% -0.04%— +0.000%— LS Chart →
Binance logoBinance$0.0493Bitget logoBitget$0.0493 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Variational logoVariational$0.0493KuCoin logoKuCoin$0.0492 -0.06%-0.22% -0.06%— +0.000%— LS Chart →
Bitget logoBitget$0.0493MEXC logoMEXC$0.0493 -0.08%-0.24% -0.08%— 0.000%— LS Chart →
Binance logoBinance$0.0493Aster logoAster$0.0492 -0.08%-0.24% -0.08%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.0493MEXC logoMEXC$0.0493 -0.10%-0.26% -0.10%— 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.

AXL price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · AXLUSDTPerpetual $0.0493$0.0494$0.0494+0.07% +0.030%$551.2K
Bitget logoBitgetPerpetual · AXLUSDTPerpetual $0.0493$0.0493$0.0493-0.07% +0.030%$168.1K
Bybit logoBybitSpot · AXLUSDTSpot $0.0494$0.0494$0.0494+0.12% —$153.1K
KuCoin logoKuCoinSpot · AXL-USDTSpot $0.0493$0.0494$0.0493+0.05% —$118.4K
MEXC logoMEXCPerpetual · AXL_USDTPerpetual $0.0493$0.0493$0.0493-0.03% +0.030%$109.8K
KuCoin logoKuCoinPerpetual · AXLUSDTMPerpetual $0.0492$0.0493$0.0493-0.08% +0.030%$46.0K
Variational logoVariationalPerpetual · AXLPerpetual $0.0491$0.0493$0.0492-0.25% +0.030%$36.7K
Bitget logoBitgetSpot · AXLUSDTSpot $0.0493$0.0494$0.04930.00% —$27.2K
Binance logoBinancePerpetual · AXLUSDTPerpetual $0.0492$0.0493$0.0493-0.12% +0.030%—
Aster logoAsterPerpetual · AXLUSDTPerpetual $0.0492$0.0494$0.0493+0.02% +0.030%—
Binance logoBinanceSpot · AXLUSDTSpot $0.0493$0.0494$0.0494+0.06% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

AXL arbitrage explained

Right now Axelar (AXL) trades on 7 venues we scan: 7 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.0493 and the highest bid on Bybit spot at $0.0494.

The widest AXL perpetual spread is between Variational and Bybit: long AXL on Variational at $0.0493 and short on Bybit at $0.0493 for +0.14% gross, or -0.02% 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 +0.000% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best AXL route is to buy spot on Bitget and short the perpetual on Bybit: -0.04% gross, -0.24% net, with +0.030% a day of funding on the short leg.

Spot–spot AXL arbitrage (buy on Bitget, withdraw, deposit and sell on Bybit) shows 0.00% 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 AXL 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: AXL funding rates · AXL spread charts · Axelar price · arbitrage scanner for all coins.

Is there a AXL arbitrage opportunity right now?

The best AXL route right now is to buy on Variational → sell on Bybit (Perp–Perp): +0.14% gross and -0.02% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest AXL?

Variational (perp) has the lowest AXL ask at $0.0493, and Bybit (spot) the highest bid at $0.0494. Prices update every 15 seconds on this page.

How many exchanges list AXL?

ArbiLayer tracks 11 AXL markets on 7 venues: 7 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage AXL without transferring coins?

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

Arbitrage for other coins

BLAST +16.77%CRO +14.89%ESPORTS +8.49%ZIL +7.73%ONE +6.46%UPC +6.45%OPENAI +5.49%BP +5.28%CATE +4.30%OURA +4.00%2U2 +3.78%ANTHROPIC +3.33%EGLD +3.31%SPCX +3.26%FLYBRAIN +3.25%GAIA +2.52%STAMP +2.41%AI +1.94%