ArbiLayer

ERA arbitrage

live

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

Best net spread-0.08%Bitget → Gate · Perp–Perp
Best perp–perp spread+0.08%Bitget → Gate
Markets tracked148 venues · 8 perp · 6 spot · 0 DEX
Price range0.20%$0.0649 – $0.065

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bitget logoBitget$0.0649Gate logoGate$0.065 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
Bitget logoBitget$0.0649Binance logoBinance$0.0649 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Bitget logoBitget$0.0649Bybit logoBybit$0.0649 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Bitget logoBitget$0.0649MEXC logoMEXC$0.0649 +0.03%-0.13% +0.03%— 0.000%— LS Chart →
Binance logoBinance$0.065Gate logoGate$0.065 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
MEXC logoMEXC$0.065Gate logoGate$0.065 +0.02%-0.14% +0.02%— 0.000%— LS Chart →
Variational logoVariational$0.065Gate logoGate$0.065 +0.02%-0.14% +0.02%— +0.000%— LS Chart →
Bybit logoBybit$0.065Gate logoGate$0.065 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Bitget logoBitget$0.0649KuCoin logoKuCoin$0.0649 -0.02%-0.18% -0.02%— 0.000%— LS Chart →
Binance logoBinance$0.065Bybit logoBybit$0.0649 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
Binance logoBinance$0.065MEXC logoMEXC$0.0649 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
MEXC logoMEXC$0.065Binance logoBinance$0.0649 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
MEXC logoMEXC$0.065Bybit logoBybit$0.0649 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
Variational logoVariational$0.065Binance logoBinance$0.0649 -0.03%-0.19% -0.03%— +0.000%— LS Chart →
Variational logoVariational$0.065Bybit logoBybit$0.0649 -0.03%-0.19% -0.03%— +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.

ERA price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · ERA_USDTPerpetual $0.065$0.065$0.065+0.05% +0.030%$494.7K
Bybit logoBybitPerpetual · ERAUSDTPerpetual $0.0649$0.065$0.0650.00% +0.030%$204.8K
MEXC logoMEXCPerpetual · ERA_USDTPerpetual $0.0649$0.065$0.0649-0.02% +0.030%$96.6K
Bitget logoBitgetPerpetual · ERAUSDTPerpetual $0.0649$0.0649$0.0649-0.10% +0.030%$60.9K
Bitget logoBitgetSpot · ERAUSDTSpot $0.0649$0.065$0.065+0.03% —$16.1K
Bybit logoBybitSpot · ERAUSDTSpot $0.0649$0.065$0.065+0.02% —$13.1K
KuCoin logoKuCoinPerpetual · ERAUSDTMPerpetual $0.0649$0.065$0.065+0.01% +0.030%$12.4K
Gate logoGateSpot · ERA_USDTSpot $0.0649$0.065$0.0649-0.01% —$11.8K
KuCoin logoKuCoinSpot · ERA-USDTSpot $0.0649$0.0651$0.065+0.08% —$951
Variational logoVariationalPerpetual · ERAPerpetual $0.0648$0.065$0.0649-0.12% +0.030%$519
Binance logoBinancePerpetual · ERAUSDTPerpetual $0.0649$0.065$0.0649-0.02% +0.030%—
Aster logoAsterPerpetual · ERAUSDTPerpetual $0.0649$0.065$0.0649-0.02% +0.030%—
Binance logoBinanceSpot · ERAUSDTSpot $0.0649$0.065$0.0650.00% ——
MEXC logoMEXCSpot · ERAUSDTSpot $0.0649$0.065$0.065+0.02% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ERA arbitrage explained

Right now Caldera (ERA) trades on 8 venues we scan: 8 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bitget perp at $0.0649 and the highest bid on Gate perp at $0.065.

The widest ERA perpetual spread is between Bitget and Gate: long ERA on Bitget at $0.0649 and short on Gate at $0.065 for +0.08% gross, or -0.08% 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 ERA route is to buy spot on Gate and short the perpetual on Gate: 0.00% gross, -0.20% net, with +0.030% a day of funding on the short leg.

Spot–spot ERA arbitrage (buy on Gate, withdraw, deposit and sell on MEXC) shows -0.08% 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 ERA 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: ERA funding rates · ERA spread charts · Caldera price · arbitrage scanner for all coins.

Is there a ERA arbitrage opportunity right now?

The best ERA route right now is to buy on Bitget → sell on Gate (Perp–Perp): +0.08% gross and -0.08% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ERA?

Bitget (perp) has the lowest ERA ask at $0.0649, and Gate (perp) the highest bid at $0.065. Prices update every 15 seconds on this page.

How many exchanges list ERA?

ArbiLayer tracks 14 ERA markets on 8 venues: 8 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage ERA without transferring coins?

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

Arbitrage for other coins

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