ArbiLayer

ERA arbitrage

live

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

Best net spread-0.13%Variational → Gate · Perp–Perp
Best perp–perp spread+0.03%Variational → Gate
Markets tracked148 venues · 8 perp · 6 spot · 0 DEX
Price range0.27%$0.0619 – $0.0621

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$0.062KuCoin logoKuCoinspot$0.062 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Gate logoGatespot$0.062KuCoin logoKuCoinspot$0.062 0.00%-0.20% 0.00%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.062KuCoin logoKuCoinspot$0.062 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Binance logoBinancespot$0.062Gate logoGatespot$0.062 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Binance logoBinancespot$0.062MEXC logoMEXCspot$0.062 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Gate logoGatespot$0.062MEXC logoMEXCspot$0.062 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.062Gate logoGatespot$0.062 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Binance logoBinancespot$0.062Bitget logoBitgetspot$0.062 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Gate logoGatespot$0.062Bitget logoBitgetspot$0.062 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.062Bitget logoBitgetspot$0.062 -0.08%-0.28% -0.08%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.0621KuCoin logoKuCoinspot$0.062 -0.10%-0.30% -0.10%— 0.000%— LS Chart →
Bybit logoBybitspot$0.0621KuCoin logoKuCoinspot$0.062 -0.11%-0.31% -0.11%— 0.000%— LS Chart →
Binance logoBinancespot$0.062Bybit logoBybitspot$0.0619 -0.13%-0.33% -0.13%— 0.000%— LS Chart →
Gate logoGatespot$0.062Bybit logoBybitspot$0.0619 -0.13%-0.33% -0.13%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.062Bybit logoBybitspot$0.0619 -0.13%-0.33% -0.13%— 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 $0.062$0.062$0.062+0.03% +0.030%$640.8K
Bybit logoBybitPerpetual · ERAUSDTPerpetual $0.062$0.062$0.062+0.02% +0.030%$331.7K
Bitget logoBitgetPerpetual · ERAUSDTPerpetual $0.0619$0.062$0.062-0.04% +0.030%$184.5K
MEXC logoMEXCPerpetual · ERA_USDTPerpetual $0.062$0.062$0.062-0.01% +0.030%$107.6K
KuCoin logoKuCoinPerpetual · ERAUSDTMPerpetual $0.0619$0.062$0.062-0.02% +0.030%$38.4K
Bybit logoBybitSpot · ERAUSDTSpot $0.0619$0.0621$0.062+0.02% —$36.3K
Bitget logoBitgetSpot · ERAUSDTSpot $0.062$0.0621$0.062+0.04% —$21.8K
KuCoin logoKuCoinSpot · ERA-USDTSpot $0.062$0.0621$0.0621+0.11% —$18.6K
Gate logoGateSpot · ERA_USDTSpot $0.062$0.062$0.0620.00% —$11.8K
Variational logoVariationalPerpetual · ERAPerpetual $0.0618$0.062$0.0619-0.16% +0.030%$340
Binance logoBinancePerpetual · ERAUSDTPerpetual $0.062$0.062$0.062-0.01% +0.030%—
Aster logoAsterPerpetual · ERAUSDTPerpetual $0.062$0.062$0.062+0.03% +0.030%—
Binance logoBinanceSpot · ERAUSDTSpot $0.0619$0.062$0.062-0.05% ——
MEXC logoMEXCSpot · ERAUSDTSpot $0.062$0.062$0.0620.00% ——
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 Variational perp at $0.062 and the highest bid on KuCoin spot at $0.062.

The widest ERA perpetual spread is between Variational and Gate: long ERA on Variational at $0.062 and short on Gate at $0.062 for +0.03% gross, or -0.13% 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 Binance and short the perpetual on Gate: -0.03% gross, -0.23% net, with +0.030% a day of funding on the short leg.

Spot–spot ERA arbitrage (buy on Binance, 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 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 Variational → sell on Gate (Perp–Perp): +0.03% gross and -0.13% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ERA?

Variational (perp) has the lowest ERA ask at $0.062, and KuCoin (spot) the highest bid at $0.062. 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 (Variational 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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