ArbiLayer

CP arbitrage

live

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

Best net spread+0.01%Bybit → OKX · Perp–Perp
Best perp–perp spread+0.17%Bybit → OKX
Markets tracked116 venues · 6 perp · 5 spot · 0 DEX
Price range0.29%$0.0121 – $0.0121

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybit$0.0121OKX logoOKX$0.0121 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
Bybit logoBybit$0.0121KuCoin logoKuCoin$0.0121 +0.17%+0.01% +0.17%— 0.000%— LS Chart →
Bybit logoBybit$0.0121Bitget logoBitget$0.0121 +0.16%-0.00% +0.16%— 0.000%— LS Chart →
Bybit logoBybit$0.0121MEXC logoMEXC$0.0121 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Gate logoGate$0.0121OKX logoOKX$0.0121 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Gate logoGate$0.0121KuCoin logoKuCoin$0.0121 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Gate logoGate$0.0121Bitget logoBitget$0.0121 +0.07%-0.09% +0.07%— 0.000%— LS Chart →
Bybit logoBybit$0.0121Gate logoGate$0.0121 0.00%-0.16% 0.00%— 0.000%— LS Chart →
MEXC logoMEXC$0.0121OKX logoOKX$0.0121 0.00%-0.16% 0.00%— 0.000%— LS Chart →
MEXC logoMEXC$0.0121KuCoin logoKuCoin$0.0121 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Gate logoGate$0.0121MEXC logoMEXC$0.0121 0.00%-0.16% 0.00%— 0.000%— LS Chart →
MEXC logoMEXC$0.0121Bitget logoBitget$0.0121 -0.01%-0.17% -0.01%— 0.000%— LS Chart →
Bitget logoBitget$0.0121OKX logoOKX$0.0121 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Bitget logoBitget$0.0121KuCoin logoKuCoin$0.0121 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
OKX logoOKX$0.0121KuCoin logoKuCoin$0.0121 -0.08%-0.24% -0.08%— 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.

CP price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · CP-USDT-SWAPPerpetual $0.0121$0.0121$0.0121+0.08% +0.030%$2.78M
OKX logoOKXSpot · CP-USDTSpot $0.0121$0.0121$0.0121+0.08% —$864.3K
Bitget logoBitgetPerpetual · CPUSDTPerpetual $0.0121$0.0121$0.0121+0.07% +0.030%$731.2K
KuCoin logoKuCoinPerpetual · CPUSDTMPerpetual $0.0121$0.0121$0.0121+0.12% +0.030%$680.1K
Bybit logoBybitPerpetual · CPUSDTPerpetual $0.0121$0.0121$0.0121-0.17% +0.030%$474.3K
KuCoin logoKuCoinSpot · CP-USDTSpot $0.0121$0.0121$0.01210.00% —$250.7K
Gate logoGatePerpetual · CP_USDTPerpetual $0.0121$0.0121$0.0121-0.08% +0.030%$212.1K
Bitget logoBitgetSpot · CPUSDTSpot $0.0121$0.0121$0.01210.00% —$164.2K
MEXC logoMEXCPerpetual · CP_USDTPerpetual $0.0121$0.0121$0.01210.00% +0.030%$127.8K
Gate logoGateSpot · CP_USDTSpot $0.0121$0.0121$0.0121-0.14% —$55.7K
MEXC logoMEXCSpot · CPUSDTSpot $0.0121$0.0121$0.0121-0.04% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

CP arbitrage explained

Right now Cluster Protocol (CP) trades on 6 venues we scan: 6 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.0121 and the highest bid on OKX perp at $0.0121.

The widest CP perpetual spread is between Bybit and OKX: long CP on Bybit at $0.0121 and short on OKX at $0.0121 for +0.17% gross, or +0.01% 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 CP route is to buy spot on Gate and short the perpetual on OKX: +0.16% gross, -0.04% net, with +0.030% a day of funding on the short leg.

Spot–spot CP arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows +0.16% 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 CP 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: CP funding rates · CP spread charts · Cluster Protocol price · arbitrage scanner for all coins.

Is there a CP arbitrage opportunity right now?

The best CP route right now is to buy on Bybit → sell on OKX (Perp–Perp): +0.17% gross and +0.01% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest CP?

Bybit (perp) has the lowest CP ask at $0.0121, and OKX (perp) the highest bid at $0.0121. Prices update every 15 seconds on this page.

How many exchanges list CP?

ArbiLayer tracks 11 CP markets on 6 venues: 6 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage CP without transferring coins?

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

Arbitrage for other coins

CRO +22.79%ONE +7.75%BDX +6.90%ESPORTS +5.93%OPENAI +5.58%AI +4.78%ANTHROPIC +3.91%H100 +3.81%OURA +3.68%CATE +3.57%EGLD +3.50%SNEK +3.22%ZIL +3.16%BEN +2.90%SPCX +2.66%FLYBRAIN +2.56%BONER +2.49%APPSTOCK +2.33%