ArbiLayer

ETH arbitrage

live

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

Best net spread-0.10%Variational → Hyperliquid · Perp–Perp
Best perp–perp spread+0.06%Variational → Hyperliquid
Markets tracked1912 venues · 11 perp · 7 spot · 1 DEX
Price range0.11%$2,606.02 – $2,608.80

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$2,606.15Hyperliquid logoHyperliquid$2,607.70 +0.06%-0.10% +0.05%— +0.012%— LS Chart →
Variational logoVariational$2,606.15Bitget logoBitget$2,607.46 +0.05%-0.11% +0.05%— +0.012%— LS Chart →
Variational logoVariational$2,606.15Gate logoGate$2,607.38 +0.05%-0.11% +0.04%— -0.007%— LS Chart →
Variational logoVariational$2,606.15OKX logoOKX$2,607.36 +0.05%-0.11% +0.05%— +0.007%— LS Chart →
Variational logoVariational$2,606.15KuCoin logoKuCoin$2,607.33 +0.05%-0.11% +0.04%— -0.009%— LS Chart →
Variational logoVariational$2,606.15Binance logoBinance$2,607.16 +0.04%-0.12% +0.03%— -0.012%— LS Chart →
Variational logoVariational$2,606.15HTX logoHTX$2,607.15 +0.04%-0.12% +0.04%— +0.007%— LS Chart →
Variational logoVariational$2,606.15Aster logoAster$2,607.11 +0.04%-0.12% +0.04%— +0.000%— LS Chart →
Variational logoVariational$2,606.15MEXC logoMEXC$2,607.00 +0.03%-0.13% +0.03%— -0.013%— LS Chart →
Variational logoVariational$2,606.15Bybit logoBybit$2,606.92 +0.03%-0.13% +0.01%— -0.049%— LS Chart →
Bybit logoBybit$2,606.93Hyperliquid logoHyperliquid$2,607.70 +0.03%-0.13% +0.04%— +0.062%— LS Chart →
MEXC logoMEXC$2,607.01Hyperliquid logoHyperliquid$2,607.70 +0.03%-0.13% +0.03%— +0.025%— LS Chart →
Aster logoAster$2,607.12Hyperliquid logoHyperliquid$2,607.70 +0.02%-0.14% +0.02%— +0.012%— LS Chart →
HTX logoHTX$2,607.16Hyperliquid logoHyperliquid$2,607.70 +0.02%-0.14% +0.01%— +0.006%— LS Chart →
Bybit logoBybit$2,606.93Bitget logoBitget$2,607.46 +0.02%-0.14% +0.04%— +0.062%— 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.

ETH price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
OKX logoOKXPerpetual · ETH-USDT-SWAPPerpetual $2,607.36$2,607.37$2,607.37-0.00% +0.025%$5.96B
Bybit logoBybitPerpetual · ETHUSDTPerpetual $2,606.92$2,606.93$2,606.93-0.02% -0.032%$2.96B
Bitget logoBitgetPerpetual · ETHUSDTPerpetual $2,607.46$2,607.47$2,607.47+0.00% +0.030%$1.57B
MEXC logoMEXCPerpetual · ETH_USDTPerpetual $2,607.00$2,607.01$2,607.01-0.02% +0.005%$1.33B
Hyperliquid logoHyperliquidPerpetual · ETHPerpetual $2,607.70$2,607.80$2,607.75+0.01% +0.030%$1.01B
HTX logoHTXPerpetual · ETH-USDTPerpetual $2,607.15$2,607.16$2,607.15-0.01% +0.024%$677.43M
OKX logoOKXSpot · ETH-USDTSpot $2,608.72$2,608.73$2,608.73+0.05% —$404.30M
Gate logoGateSpot · ETH_USDTSpot $2,608.65$2,608.66$2,608.65+0.05% —$364.76M
KuCoin logoKuCoinPerpetual · ETHUSDTMPerpetual $2,607.33$2,607.34$2,607.34-0.00% +0.008%$250.62M
Bybit logoBybitSpot · ETHUSDTSpot $2,608.24$2,608.25$2,608.25+0.03% —$211.81M
Gate logoGatePerpetual · ETH_USDTPerpetual $2,607.38$2,607.39$2,607.39-0.00% +0.011%$179.05M
Variational logoVariationalPerpetual · ETHPerpetual $2,605.88$2,606.15$2,606.02-0.05% +0.018%$171.78M
KuCoin logoKuCoinSpot · ETH-USDTSpot $2,608.65$2,608.66$2,608.65+0.05% —$92.20M
Bitget logoBitgetSpot · ETHUSDTSpot $2,608.68$2,608.69$2,608.69+0.05% —$81.99M
Pancakeswap · BNB Chain logoPancakeswap · BNB ChainDEX pool · bsc · 0x2170…33f8DEX pool $2,600.04$2,615.68$2,607.86+0.02% —$1.91M
Binance logoBinancePerpetual · ETHUSDTPerpetual $2,607.16$2,607.17$2,607.17-0.01% +0.005%—
Aster logoAsterPerpetual · ETHUSDTPerpetual $2,607.11$2,607.12$2,607.12-0.01% +0.018%—
Binance logoBinanceSpot · ETHUSDTSpot $2,608.43$2,608.44$2,608.44+0.04% ——
MEXC logoMEXCSpot · ETHUSDTSpot $2,608.79$2,608.80$2,608.80+0.05% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ETH arbitrage explained

Right now Ethereum (ETH) trades on 12 venues we scan: 11 perpetual markets, 7 spot markets and 1 DEX pool. The lowest ask is on Variational perp at $2,606.15 and the highest bid on MEXC spot at $2,608.79.

The widest ETH perpetual spread is between Variational and Hyperliquid: long ETH on Variational at $2,606.15 and short on Hyperliquid at $2,607.70 for +0.06% gross, or -0.10% 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 +0.012% per day, which the position collects while it is open.

For a spot–perpetual (cash-and-carry) trade, the best ETH route is to buy spot on Bybit and short the perpetual on Hyperliquid: -0.02% gross, -0.22% net, with +0.030% a day of funding on the short leg.

Spot–spot ETH arbitrage (buy on Bybit, withdraw, deposit and sell on MEXC) 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 ETH 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: ETH funding rates · ETH spread charts · Ethereum price · arbitrage scanner for all coins.

Is there a ETH arbitrage opportunity right now?

The best ETH route right now is to buy on Variational → sell on Hyperliquid (Perp–Perp): +0.06% gross and -0.10% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest ETH?

Variational (perp) has the lowest ETH ask at $2,606.15, and MEXC (spot) the highest bid at $2,608.79. Prices update every 15 seconds on this page.

How many exchanges list ETH?

ArbiLayer tracks 19 ETH markets on 12 venues: 11 perpetual, 7 spot and 1 DEX pool.

How do I arbitrage ETH without transferring coins?

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

Arbitrage for other coins

CRO +18.55%BLAST +18.55%BP +7.46%ONE +7.43%UPC +7.25%ESPORTS +7.16%BDX +7.14%OPENAI +5.07%AI +3.70%SPCX +3.68%ANTHROPIC +3.51%H100 +3.47%EGLD +3.33%CATE +3.15%ZIL +3.12%OURA +2.95%BONER +2.62%BEN +2.38%