ArbiLayer

BTC arbitrage

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

Best net spread-0.05%Variational → Bitget · Perp–Perp
Best perp–perp spread+0.11%Variational → Bitget
Markets tracked1912 venues · 11 perp · 7 spot · 1 DEX
Price range0.12%$82,504.62 – $82,604.65

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,815.19Bitget logoBitgetspot$82,594.64 -0.27%-0.57% -0.27%$1.89M 0.000%— LS Chart →
Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,815.19OKX logoOKXspot$82,591.50 -0.27%-0.57% -0.27%$1.89M 0.000%— LS Chart →
Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,815.19Bybit logoBybitspot$82,587.30 -0.28%-0.58% -0.28%$1.89M 0.000%— LS Chart →
Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,815.19Gate logoGatespot$82,587.30 -0.28%-0.58% -0.28%$1.89M 0.000%— LS Chart →
Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,815.19Binance logoBinancespot$82,583.80 -0.28%-0.58% -0.28%$1.89M 0.000%— LS Chart →
Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,815.19KuCoin logoKuCoinspot$82,583.00 -0.28%-0.58% -0.28%$1.89M 0.000%— LS Chart →
Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,815.19MEXC logoMEXCspot$82,575.54 -0.29%-0.59% -0.29%$1.89M 0.000%— LS Chart →
MEXC logoMEXCspot$82,575.55Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,319.79 -0.31%-0.61% -0.31%$1.89M 0.000%— LS Chart →
KuCoin logoKuCoinspot$82,583.10Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,319.79 -0.32%-0.62% -0.32%$1.89M 0.000%— LS Chart →
Binance logoBinancespot$82,583.81Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,319.79 -0.32%-0.62% -0.32%$1.89M 0.000%— LS Chart →
Bybit logoBybitspot$82,587.40Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,319.79 -0.32%-0.62% -0.32%$1.89M 0.000%— LS Chart →
Gate logoGatespot$82,587.40Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,319.79 -0.32%-0.62% -0.32%$1.89M 0.000%— LS Chart →
OKX logoOKXspot$82,591.60Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,319.79 -0.33%-0.63% -0.33%$1.89M 0.000%— LS Chart →
Bitget logoBitgetspot$82,594.65Pancakeswap · BNB Chain logoPancakeswap · BNB Chaindex$82,319.79 -0.33%-0.63% -0.33%$1.89M 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.

BTC price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · BTC-USDT-SWAPPerpetual $82,554.10$82,554.20$82,554.15-0.01% +0.011%$6.29B
Bybit logoBybitPerpetual · BTCUSDTPerpetual $82,547.10$82,547.20$82,547.15-0.02% +0.008%$4.91B
MEXC logoMEXCPerpetual · BTC_USDTPerpetual $82,557.80$82,557.90$82,557.85-0.01% 0.000%$3.25B
Bitget logoBitgetPerpetual · BTCUSDTPerpetual $82,604.60$82,604.70$82,604.65+0.05% +0.030%$3.02B
Hyperliquid logoHyperliquidPerpetual · BTCPerpetual $82,559.00$82,560.00$82,559.50-0.00% +0.030%$2.40B
Bybit logoBybitSpot · BTCUSDTSpot $82,587.30$82,587.40$82,587.35+0.03% —$923.80M
Gate logoGateSpot · BTC_USDTSpot $82,587.30$82,587.40$82,587.35+0.03% —$850.06M
Gate logoGatePerpetual · BTC_USDTPerpetual $82,550.70$82,550.80$82,550.75-0.01% +0.015%$681.63M
Variational logoVariationalPerpetual · BTCPerpetual $82,499.33$82,509.91$82,504.62-0.07% +0.013%$594.09M
KuCoin logoKuCoinSpot · BTC-USDTSpot $82,583.00$82,583.10$82,583.05+0.02% —$518.81M
OKX logoOKXSpot · BTC-USDTSpot $82,591.50$82,591.60$82,591.55+0.04% —$511.70M
HTX logoHTXPerpetual · BTC-USDTPerpetual $82,546.30$82,546.40$82,546.35-0.02% +0.022%$499.37M
KuCoin logoKuCoinPerpetual · XBTUSDTMPerpetual $82,565.30$82,565.40$82,565.35+0.00% +0.030%$320.62M
Bitget logoBitgetSpot · BTCUSDTSpot $82,594.64$82,594.65$82,594.64+0.04% —$248.97M
Pancakeswap · BNB Chain logoPancakeswap · BNB ChainDEX pool · bsc · 0x7130…ad9cDEX pool $82,319.79$82,815.19$82,567.49+0.01% —$6.73M
Binance logoBinancePerpetual · BTCUSDTPerpetual $82,557.80$82,557.90$82,557.85-0.01% +0.000%—
Aster logoAsterPerpetual · BTCUSDTPerpetual $82,550.50$82,550.60$82,550.55-0.01% -0.002%—
Binance logoBinanceSpot · BTCUSDTSpot $82,583.80$82,583.81$82,583.81+0.03% ——
MEXC logoMEXCSpot · BTCUSDTSpot $82,575.54$82,575.55$82,575.55+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

BTC arbitrage explained

Right now Bitcoin (BTC) trades on 12 venues we scan: 11 perpetual markets, 7 spot markets and 1 DEX pool. The lowest ask is on Variational perp at $82,509.91 and the highest bid on Bitget perp at $82,604.60.

The widest BTC perpetual spread is between Variational and Bitget: long BTC on Variational at $82,509.91 and short on Bitget at $82,604.60 for +0.11% gross, or -0.05% 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 +0.017% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best BTC route is to buy spot on MEXC and short the perpetual on Bitget: +0.04% gross, -0.16% net, with +0.030% a day of funding on the short leg.

Spot–spot BTC arbitrage (buy on MEXC, withdraw, deposit and sell on Bitget) shows +0.02% 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 BTC 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: BTC funding rates · BTC spread charts · Bitcoin price · arbitrage scanner for all coins.

Is there a BTC arbitrage opportunity right now?

The best BTC route right now is to buy on Variational → sell on Bitget (Perp–Perp): +0.11% gross and -0.05% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest BTC?

Variational (perp) has the lowest BTC ask at $82,509.91, and Bitget (perp) the highest bid at $82,604.60. Prices update every 15 seconds on this page.

How many exchanges list BTC?

ArbiLayer tracks 19 BTC markets on 12 venues: 11 perpetual, 7 spot and 1 DEX pool.

How do I arbitrage BTC without transferring coins?

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

Arbitrage for other coins