ArbiLayer

DRIFT arbitrage

live

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

Best net spread+0.25%Bybit → MEXC · Spot–Perp
Best perp–perp spread+0.40%Gate → MEXC
Markets tracked127 venues · 7 perp · 5 spot · 0 DEX
Price range0.79%$0.02 – $0.0201

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.02MEXC logoMEXC$0.0201 +0.40%+0.24% +0.40%— 0.000%-4.27% LS Chart →
Gate logoGate$0.02Bitget logoBitget$0.0201 +0.30%+0.14% +0.30%— 0.000%-4.28% LS Chart →
KuCoin logoKuCoin$0.02MEXC logoMEXC$0.0201 +0.30%+0.14% +0.30%— 0.000%— LS Chart →
Bybit logoBybit$0.02MEXC logoMEXC$0.0201 +0.25%+0.09% +0.25%— 0.000%— LS Chart →
Gate logoGate$0.02Binance logoBinance$0.02 +0.20%+0.04% +0.20%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.02Bitget logoBitget$0.0201 +0.20%+0.04% +0.20%— 0.000%— LS Chart →
Bybit logoBybit$0.02Bitget logoBitget$0.0201 +0.15%-0.01% +0.15%— 0.000%— LS Chart →
Variational logoVariational$0.0201MEXC logoMEXC$0.0201 +0.15%-0.01% +0.14%— -0.044%— LS Chart →
Gate logoGate$0.02Bybit logoBybit$0.02 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
KuCoin logoKuCoin$0.02Binance logoBinance$0.02 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Binance logoBinance$0.0201MEXC logoMEXC$0.0201 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Bybit logoBybit$0.02Binance logoBinance$0.02 +0.05%-0.11% +0.05%— 0.000%— LS Chart →
Variational logoVariational$0.0201Bitget logoBitget$0.0201 +0.05%-0.11% +0.04%— -0.044%— LS Chart →
Binance logoBinance$0.0201Bitget logoBitget$0.0201 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Bitget logoBitget$0.0201MEXC logoMEXC$0.0201 0.00%-0.16% 0.00%— 0.000%+0.01% 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.

DRIFT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · DRIFTUSDTPerpetual $0.02$0.02$0.02+0.06% +0.030%$570.9K
Gate logoGatePerpetual · DRIFT_USDTPerpetual $0.02$0.02$0.02-0.11% +0.030%$338.7K
Bybit logoBybitSpot · DRIFTUSDTSpot $0.02$0.02$0.02-0.19% —$127.8K
MEXC logoMEXCPerpetual · DRIFT_USDTPerpetual $0.0201$0.0202$0.0201+0.59% +0.030%$97.3K
KuCoin logoKuCoinPerpetual · DRIFTUSDTMPerpetual $0.02$0.02$0.02-0.06% +0.030%$87.7K
Bitget logoBitgetPerpetual · DRIFTUSDTPerpetual $0.0201$0.0201$0.0201+0.29% +0.030%$50.6K
Gate logoGateSpot · DRIFT_USDTSpot $0.02$0.02$0.02-0.21% —$38.0K
KuCoin logoKuCoinSpot · DRIFT-USDTSpot $0.02$0.02$0.02-0.06% —$28.0K
Variational logoVariationalPerpetual · DRIFTPerpetual $0.02$0.0201$0.02+0.06% +0.074%$3.9K
Bitget logoBitgetSpot · DRIFTUSDTSpot $0.0199$0.0202$0.02+0.14% —$1.3K
Binance logoBinancePerpetual · DRIFTUSDTPerpetual $0.02$0.0201$0.0201+0.19% +0.030%—
MEXC logoMEXCSpot · DRIFTUSDTSpot $0.02$0.02$0.02-0.14% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

DRIFT arbitrage explained

Right now Drift Protocol (DRIFT) trades on 7 venues we scan: 7 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Bybit spot at $0.02 and the highest bid on MEXC perp at $0.0201.

The widest DRIFT perpetual spread is between Gate and MEXC: long DRIFT on Gate at $0.02 and short on MEXC at $0.0201 for +0.40% gross, or +0.24% 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 DRIFT route is to buy spot on Bybit and short the perpetual on MEXC: +0.45% gross, +0.25% net, with +0.030% a day of funding on the short leg.

Spot–spot DRIFT arbitrage (buy on Bybit, withdraw, deposit and sell on KuCoin) 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 DRIFT 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: DRIFT funding rates · DRIFT spread charts · Drift Protocol price · arbitrage scanner for all coins.

Is there a DRIFT arbitrage opportunity right now?

The best DRIFT route right now is to buy on Bybit spot → sell on MEXC (Spot–Perp): +0.45% gross and +0.25% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest DRIFT?

Bybit (spot) has the lowest DRIFT ask at $0.02, and MEXC (perp) the highest bid at $0.0201. Prices update every 15 seconds on this page.

How many exchanges list DRIFT?

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

How do I arbitrage DRIFT without transferring coins?

Use two perpetual contracts: go long DRIFT on the cheaper exchange (Gate 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

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