ArbiLayer

C98 arbitrage

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Live Coin98 price differences between exchanges: perpetual, spot and DEX spreads after fees, with funding and depth.

Best net spread+7.01%Bybit → Uniswap · Ethereum · DEX–Spot
Best perp–perp spread0.00%Binance → Bybit
Markets tracked138 venues · 7 perp · 5 spot · 1 DEX
Price range0.33%$0.0168 – $0.0168

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.0168Bybit logoBybit$0.0168 -0.06%-0.26% -0.05%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0168Variational logoVariational$0.0168 -0.06%-0.26% -0.05%— +0.030%— LS Chart →
Gate logoGatespot$0.0168Bybit logoBybit$0.0168 -0.12%-0.32% -0.11%— +0.030%— LS Chart →
Gate logoGatespot$0.0168Variational logoVariational$0.0168 -0.12%-0.32% -0.11%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0168Bybit logoBybit$0.0168 -0.12%-0.32% -0.11%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0168Variational logoVariational$0.0168 -0.12%-0.32% -0.11%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0168Bitget logoBitget$0.0168 -0.12%-0.32% -0.11%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0168MEXC logoMEXC$0.0168 -0.12%-0.32% -0.12%— -0.017%— LS Chart →
Bybit logoBybitspot$0.0168Gate logoGate$0.0168 -0.12%-0.32% -0.11%— +0.030%— LS Chart →
Binance logoBinancespot$0.0168Bybit logoBybit$0.0168 -0.18%-0.38% -0.17%— +0.030%— LS Chart →
Binance logoBinancespot$0.0168Variational logoVariational$0.0168 -0.18%-0.38% -0.17%— +0.030%— LS Chart →
Gate logoGatespot$0.0168Bitget logoBitget$0.0168 -0.18%-0.38% -0.17%— +0.030%— LS Chart →
Gate logoGatespot$0.0168MEXC logoMEXC$0.0168 -0.18%-0.38% -0.18%— -0.017%— LS Chart →
Gate logoGatespot$0.0168Gate logoGate$0.0168 -0.18%-0.38% -0.17%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.0168Bitget logoBitget$0.0168 -0.18%-0.38% -0.17%— +0.030%— 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.

C98 price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · C98_USDTPerpetual $0.0168$0.0168$0.01680.00% +0.030%$18.61M
Bybit logoBybitPerpetual · C98USDTPerpetual $0.0168$0.0168$0.0168+0.06% +0.030%$2.62M
Bitget logoBitgetPerpetual · C98USDTPerpetual $0.0168$0.0168$0.01680.00% +0.030%$1.84M
MEXC logoMEXCPerpetual · C98_USDTPerpetual $0.0168$0.0168$0.0168-0.03% -0.017%$475.9K
KuCoin logoKuCoinPerpetual · C98USDTMPerpetual $0.0167$0.0168$0.0168-0.09% -0.053%$376.8K
KuCoin logoKuCoinSpot · C98-USDTSpot $0.0168$0.0168$0.01680.00% —$300.0K
Bybit logoBybitSpot · C98USDTSpot $0.0168$0.0168$0.01680.00% —$272.3K
Gate logoGateSpot · C98_USDTSpot $0.0167$0.0168$0.0168-0.03% —$137.9K
Variational logoVariationalPerpetual · C98Perpetual $0.0168$0.0169$0.0168+0.24% +0.030%$12.2K
Uniswap · Ethereum logoUniswap · EthereumDEX pool · ethereum · 0xae12…229fDEX pool $0.018$0.0181$0.0181+7.69% —$657
Binance logoBinancePerpetual · C98USDTPerpetual $0.0168$0.0168$0.0168-0.06% -0.017%—
Binance logoBinanceSpot · C98USDTSpot $0.0168$0.0168$0.0168+0.12% ——
MEXC logoMEXCSpot · C98USDTSpot $0.0168$0.0168$0.0168+0.15% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

C98 arbitrage explained

Right now Coin98 (C98) trades on 8 venues we scan: 7 perpetual markets, 5 spot markets and 1 DEX pool. The lowest ask is on MEXC perp at $0.0168 and the highest bid on Binance spot at $0.0168.

The widest C98 perpetual spread is between Binance and Bybit: long C98 on Binance at $0.0168 and short on Bybit at $0.0168 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 +0.047% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best C98 route is to buy spot on Bybit and short the perpetual on Bybit: -0.06% gross, -0.26% net, with +0.030% a day of funding on the short leg.

Spot–spot C98 arbitrage (buy on Bybit, withdraw, deposit and sell on Binance) 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 C98 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: C98 funding rates · C98 spread charts · Coin98 price · arbitrage scanner for all coins.

Is there a C98 arbitrage opportunity right now?

The best C98 route right now is to buy on Bybit spot → sell on Uniswap · Ethereum dex (DEX–Spot): +7.31% gross and +7.01% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest C98?

MEXC (perp) has the lowest C98 ask at $0.0168, and Binance (spot) the highest bid at $0.0168. Prices update every 15 seconds on this page.

How many exchanges list C98?

ArbiLayer tracks 13 C98 markets on 8 venues: 7 perpetual, 5 spot and 1 DEX pool.

How do I arbitrage C98 without transferring coins?

Use two perpetual contracts: go long C98 on the cheaper exchange (Binance 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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