ArbiLayer

BP arbitrage

live

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

Best net spread-0.16%Bybit → MEXC · Perp–Perp
Best perp–perp spread-0.00%Bybit → MEXC
Markets tracked54 venues · 4 perp · 1 spot · 0 DEX
Price range11.50%$1.09 – $1.22

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$1.10MEXC logoMEXC$1.10 -0.00%-0.16% -0.00%— 0.000%-0.40% LS Chart →
KuCoin logoKuCoin$1.11MEXC logoMEXC$1.10 -0.62%-0.78% -0.62%— +0.015%+0.05% LS Chart →
Bybit logoBybit$1.10KuCoin logoKuCoin$1.09 -0.86%-1.02% -0.86%— -0.015%-0.45% LS Chart →
MEXC logoMEXC$1.11KuCoin logoKuCoin$1.09 -1.65%-1.81% -1.65%— -0.015%-0.05% LS Chart →
KuCoin logoKuCoin$1.11Bybit logoBybit$1.09 -1.80%-1.96% -1.80%— +0.015%+0.45% LS Chart →
MEXC logoMEXC$1.11Bybit logoBybit$1.09 -1.97%-2.13% -1.97%— 0.000%+0.40% 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.

BP price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · BPUSDTPerpetual $1.09$1.10$1.09-0.79% +0.030%$318.1K
MEXC logoMEXCPerpetual · BP_USDTPerpetual $1.10$1.11$1.10+0.20% +0.030%$216.7K
KuCoin logoKuCoinPerpetual · BPUSDTMPerpetual $1.09$1.11$1.10-0.32% +0.015%$114.4K
Gate logoGatePerpetual · BP_USDTPerpetual $1.21$1.23$1.22+10.71% +0.030%$9.7K
MEXC logoMEXCSpot · BPUSDTSpot $1.10$1.10$1.100.00% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

BP arbitrage explained

Right now Backpack (BP) trades on 4 venues we scan: 4 perpetual markets, 1 spot market and 0 DEX pools. The lowest ask is on Bybit perp at $1.10 and the highest bid on Gate perp at $1.21.

The widest BP perpetual spread is between Bybit and MEXC: long BP on Bybit at $1.10 and short on MEXC at $1.10 for -0.00% gross, or -0.16% 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 BP route is to buy spot on MEXC and short the perpetual on MEXC: -0.34% gross, -0.54% net, with +0.030% a day of funding on the short leg.

Small BP 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: BP funding rates · BP spread charts · Backpack price · arbitrage scanner for all coins.

Is there a BP arbitrage opportunity right now?

The best BP route right now is to buy on Bybit → sell on MEXC (Perp–Perp): -0.00% gross and -0.16% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest BP?

Bybit (perp) has the lowest BP ask at $1.10, and Gate (perp) the highest bid at $1.21. Prices update every 15 seconds on this page.

How many exchanges list BP?

ArbiLayer tracks 5 BP markets on 4 venues: 4 perpetual, 1 spot and 0 DEX pools.

How do I arbitrage BP without transferring coins?

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

Arbitrage for other coins

CRO +18.02%BDX +7.03%ONE +6.80%ESPORTS +6.16%BLAST +5.93%OPENAI +5.06%AI +4.03%SPCX +3.75%ANTHROPIC +3.51%EGLD +3.32%CATE +3.31%ZIL +3.18%OURA +3.05%H100 +2.80%APPSTOCK +2.25%PENGSTOCK +2.15%BEN +1.86%MOONSHOT +1.47%