ArbiLayer

DEEP arbitrage

live

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

Best net spread+0.02%Variational → Bybit · Perp–Perp
Best perp–perp spread+0.18%Variational → Bybit
Markets tracked127 venues · 7 perp · 5 spot · 0 DEX
Price range0.41%$0.0224 – $0.0224

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$0.0224Bybit logoBybit$0.0224 +0.18%+0.02% +0.19%— +0.028%— LS Chart →
Variational logoVariational$0.0224Bitget logoBitget$0.0224 +0.18%+0.02% +0.21%— +0.099%— LS Chart →
Variational logoVariational$0.0224KuCoin logoKuCoin$0.0224 +0.13%-0.03% +0.16%— +0.099%— LS Chart →
Variational logoVariational$0.0224Binance logoBinance$0.0224 +0.09%-0.07% +0.12%— +0.099%— LS Chart →
Variational logoVariational$0.0224MEXC logoMEXC$0.0224 +0.09%-0.07% +0.12%— +0.099%— LS Chart →
Gate logoGate$0.0224Bybit logoBybit$0.0224 +0.09%-0.07% +0.07%— -0.071%— LS Chart →
Gate logoGate$0.0224Bitget logoBitget$0.0224 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Variational logoVariational$0.0224Gate logoGate$0.0224 +0.04%-0.12% +0.07%— +0.099%— LS Chart →
Gate logoGate$0.0224KuCoin logoKuCoin$0.0224 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Gate logoGate$0.0224Binance logoBinance$0.0224 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Gate logoGate$0.0224MEXC logoMEXC$0.0224 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Binance logoBinance$0.0224Bybit logoBybit$0.0224 -0.04%-0.20% -0.06%— -0.071%— LS Chart →
Binance logoBinance$0.0224Bitget logoBitget$0.0224 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Bybit logoBybit$0.0224Bitget logoBitget$0.0224 -0.04%-0.20% -0.03%— +0.071%— LS Chart →
Bitget logoBitget$0.0224Bybit logoBybit$0.0224 -0.04%-0.20% -0.06%— -0.071%— 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.

DEEP price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · DEEPUSDTPerpetual $0.0224$0.0224$0.02240.00% -0.041%$1.58M
Bybit logoBybitSpot · DEEPUSDTSpot $0.0224$0.0225$0.0224+0.09% —$631.8K
MEXC logoMEXCPerpetual · DEEP_USDTPerpetual $0.0224$0.0224$0.0224-0.04% +0.030%$351.6K
Gate logoGateSpot · DEEP_USDTSpot $0.0224$0.0225$0.0224+0.09% —$275.7K
Bitget logoBitgetPerpetual · DEEPUSDTPerpetual $0.0224$0.0224$0.02240.00% +0.030%$271.3K
KuCoin logoKuCoinPerpetual · DEEPUSDTMPerpetual $0.0224$0.0224$0.02240.00% +0.030%$133.2K
KuCoin logoKuCoinSpot · DEEP-USDTSpot $0.0224$0.0224$0.0224+0.07% —$49.1K
Bitget logoBitgetSpot · DEEPUSDTSpot $0.0224$0.0224$0.0224-0.02% —$45.2K
Gate logoGatePerpetual · DEEP_USDTPerpetual $0.0224$0.0224$0.0224-0.13% +0.030%$31.1K
Variational logoVariationalPerpetual · DEEPPerpetual $0.0223$0.0224$0.0224-0.31% -0.069%$14.5K
Binance logoBinancePerpetual · DEEPUSDTPerpetual $0.0224$0.0224$0.0224-0.04% +0.030%—
MEXC logoMEXCSpot · DEEPUSDTSpot $0.0224$0.0225$0.0224+0.09% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

DEEP arbitrage explained

Right now DeepBook (DEEP) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $0.0224 and the highest bid on KuCoin spot at $0.0224.

The widest DEEP perpetual spread is between Variational and Bybit: long DEEP on Variational at $0.0224 and short on Bybit at $0.0224 for +0.18% gross, or +0.02% 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 +0.028% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best DEEP route is to buy spot on Bitget and short the perpetual on Bybit: -0.04% gross, -0.24% net, with -0.041% a day of funding on the short leg.

Spot–spot DEEP arbitrage (buy on Bitget, withdraw, deposit and sell on KuCoin) 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 DEEP 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: DEEP funding rates · DEEP spread charts · DeepBook price · arbitrage scanner for all coins.

Is there a DEEP arbitrage opportunity right now?

The best DEEP route right now is to buy on Variational → sell on Bybit (Perp–Perp): +0.18% gross and +0.02% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest DEEP?

Variational (perp) has the lowest DEEP ask at $0.0224, and KuCoin (spot) the highest bid at $0.0224. Prices update every 15 seconds on this page.

How many exchanges list DEEP?

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

How do I arbitrage DEEP without transferring coins?

Use two perpetual contracts: go long DEEP on the cheaper exchange (Variational 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

BLAST +18.77%CRO +18.44%BDX +7.33%UPC +7.25%ESPORTS +6.71%ONE +6.61%OPENAI +5.06%SPCX +3.72%AI +3.64%CATE +3.62%ANTHROPIC +3.50%H100 +3.47%EGLD +3.17%ZIL +3.12%OURA +2.90%APPSTOCK +2.23%BONER +2.19%ARK +1.90%