ArbiLayer

BIRB arbitrage

live

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

Best net spread+0.06%KuCoin → Bybit · Perp–Perp
Best perp–perp spread+0.22%KuCoin → Bybit
Markets tracked127 venues · 7 perp · 5 spot · 0 DEX
Price range0.55%$0.0597 – $0.06

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
KuCoin logoKuCoin$0.0597Bybit logoBybit$0.0599 +0.22%+0.06% +0.21%— -0.040%— LS Chart →
KuCoin logoKuCoin$0.0597Bitget logoBitget$0.0598 +0.20%+0.04% +0.21%— +0.044%— LS Chart →
KuCoin logoKuCoin$0.0597MEXC logoMEXC$0.0598 +0.17%+0.01% +0.17%— +0.044%— LS Chart →
KuCoin logoKuCoin$0.0597Binance logoBinance$0.0598 +0.15%-0.01% +0.16%— +0.044%— LS Chart →
KuCoin logoKuCoin$0.0597Gate logoGate$0.0598 +0.12%-0.04% +0.12%— +0.044%— LS Chart →
KuCoin logoKuCoin$0.0597Aster logoAster$0.0598 +0.10%-0.06% +0.11%— +0.044%— LS Chart →
Gate logoGate$0.0598Bybit logoBybit$0.0599 +0.08%-0.08% +0.07%— -0.084%— LS Chart →
Gate logoGate$0.0598Bitget logoBitget$0.0598 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Gate logoGate$0.0598MEXC logoMEXC$0.0598 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Gate logoGate$0.0598Binance logoBinance$0.0598 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Binance logoBinance$0.0598Bybit logoBybit$0.0599 +0.02%-0.14% +0.00%— -0.084%— LS Chart →
Binance logoBinance$0.0598Bitget logoBitget$0.0598 0.00%-0.16% 0.00%— 0.000%— LS Chart →
MEXC logoMEXC$0.0599Bybit logoBybit$0.0599 -0.02%-0.18% -0.03%— -0.084%— LS Chart →
MEXC logoMEXC$0.0599Bitget logoBitget$0.0598 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
Binance logoBinance$0.0598MEXC logoMEXC$0.0598 -0.03%-0.19% -0.03%— 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.

BIRB price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bitget logoBitgetPerpetual · BIRBUSDTPerpetual $0.0598$0.0599$0.0599+0.09% +0.030%$199.3K
Bybit logoBybitPerpetual · BIRBUSDTPerpetual $0.0599$0.0599$0.0599+0.07% -0.054%$159.1K
Bybit logoBybitSpot · BIRBUSDTSpot $0.0598$0.0598$0.0598-0.07% —$113.4K
MEXC logoMEXCPerpetual · BIRB_USDTPerpetual $0.0598$0.0599$0.0598+0.01% +0.030%$96.6K
KuCoin logoKuCoinPerpetual · BIRBUSDTMPerpetual $0.0596$0.0597$0.0597-0.27% -0.014%$62.1K
Bitget logoBitgetSpot · BIRBUSDTSpot $0.0598$0.0599$0.0598-0.03% —$37.0K
Gate logoGatePerpetual · BIRB_USDTPerpetual $0.0598$0.0598$0.0598-0.07% +0.030%$31.7K
KuCoin logoKuCoinSpot · BIRB-USDTSpot $0.06$0.0601$0.06+0.28% —$10.1K
Gate logoGateSpot · BIRB_USDTSpot $0.0598$0.06$0.0599+0.12% —$4.8K
Binance logoBinancePerpetual · BIRBUSDTPerpetual $0.0598$0.0598$0.0598-0.02% +0.030%—
Aster logoAsterPerpetual · BIRBUSDTPerpetual $0.0598$0.0599$0.0598-0.01% +0.030%—
MEXC logoMEXCSpot · BIRBUSDTSpot $0.0597$0.0601$0.0599+0.07% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

BIRB arbitrage explained

Right now Moonbirds (BIRB) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on KuCoin perp at $0.0597 and the highest bid on KuCoin spot at $0.06.

The widest BIRB perpetual spread is between KuCoin and Bybit: long BIRB on KuCoin at $0.0597 and short on Bybit at $0.0599 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 -0.040% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best BIRB route is to buy spot on Bybit and short the perpetual on Bybit: +0.05% gross, -0.15% net, with -0.054% a day of funding on the short leg.

Spot–spot BIRB arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) shows +0.23% 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 BIRB 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: BIRB funding rates · BIRB spread charts · Moonbirds price · arbitrage scanner for all coins.

Is there a BIRB arbitrage opportunity right now?

The best BIRB route right now is to buy on KuCoin → sell on Bybit (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 BIRB?

KuCoin (perp) has the lowest BIRB ask at $0.0597, and KuCoin (spot) the highest bid at $0.06. Prices update every 15 seconds on this page.

How many exchanges list BIRB?

ArbiLayer tracks 12 BIRB markets on 7 venues: 7 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage BIRB without transferring coins?

Use two perpetual contracts: go long BIRB on the cheaper exchange (KuCoin 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

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