ArbiLayer

ETHW arbitrage

live

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

Best net spread+0.19%Gate → OKX · Spot–Spot
Best perp–perp spread+0.04%Gate → MEXC
Markets tracked107 venues · 5 perp · 5 spot · 0 DEX
Price range0.74%$0.2838 – $0.2859

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGate$0.2854MEXC logoMEXC$0.2855 +0.04%-0.12% +0.04%— 0.000%— LS Chart →
Gate logoGate$0.2854Binance logoBinance$0.2854 0.00%-0.16% 0.00%— 0.000%— LS Chart →
Gate logoGate$0.2854Bitget logoBitget$0.2854 0.00%-0.16% 0.00%— 0.000%— LS Chart →
OKX logoOKX$0.2855MEXC logoMEXC$0.2855 0.00%-0.16% 0.00%— 0.000%— LS Chart →
OKX logoOKX$0.2855Binance logoBinance$0.2854 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
OKX logoOKX$0.2855Bitget logoBitget$0.2854 -0.04%-0.20% -0.04%— 0.000%— LS Chart →
Binance logoBinance$0.2857MEXC logoMEXC$0.2855 -0.07%-0.23% -0.07%— 0.000%— LS Chart →
Bitget logoBitget$0.2857MEXC logoMEXC$0.2855 -0.07%-0.23% -0.07%— 0.000%— LS Chart →
Gate logoGate$0.2854OKX logoOKX$0.2852 -0.07%-0.23% -0.07%— 0.000%— LS Chart →
Binance logoBinance$0.2857Bitget logoBitget$0.2854 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
Bitget logoBitget$0.2857Binance logoBinance$0.2854 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
MEXC logoMEXC$0.2857Binance logoBinance$0.2854 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
MEXC logoMEXC$0.2857Bitget logoBitget$0.2854 -0.11%-0.27% -0.11%— 0.000%— LS Chart →
OKX logoOKX$0.2855Gate logoGate$0.2851 -0.14%-0.30% -0.14%— 0.000%— LS Chart →
Binance logoBinance$0.2857OKX logoOKX$0.2852 -0.18%-0.34% -0.18%— 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.

ETHW price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · ETHW_USDTPerpetual $0.2851$0.2854$0.2853-0.07% +0.030%$282.8K
OKX logoOKXPerpetual · ETHW-USDT-SWAPPerpetual $0.2852$0.2855$0.2854-0.04% +0.030%$159.6K
MEXC logoMEXCPerpetual · ETHW_USDTPerpetual $0.2855$0.2857$0.2856+0.05% +0.030%$107.8K
OKX logoOKXSpot · ETHW-USDTSpot $0.2857$0.286$0.2859+0.14% —$49.7K
KuCoin logoKuCoinSpot · ETHW-USDTSpot $0.2836$0.2856$0.2846-0.30% —$33.1K
Bitget logoBitgetPerpetual · ETHWUSDTPerpetual $0.2854$0.2857$0.2855+0.04% +0.030%$21.1K
Gate logoGateSpot · ETHW_USDTSpot $0.2842$0.2846$0.2844-0.37% —$15.5K
Bybit logoBybitSpot · ETHWUSDTSpot $0.2828$0.2847$0.2838-0.60% —$5.8K
Binance logoBinancePerpetual · ETHWUSDTPerpetual $0.2854$0.2857$0.2855+0.04% +0.030%—
MEXC logoMEXCSpot · ETHWUSDTSpot $0.2856$0.286$0.2858+0.12% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

ETHW arbitrage explained

Right now EthereumPoW (ETHW) trades on 7 venues we scan: 5 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on Gate spot at $0.2846 and the highest bid on OKX spot at $0.2857.

The widest ETHW perpetual spread is between Gate and MEXC: long ETHW on Gate at $0.2854 and short on MEXC at $0.2855 for +0.04% gross, or -0.12% 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 ETHW route is to buy spot on Gate and short the perpetual on MEXC: +0.32% gross, +0.12% net, with +0.030% a day of funding on the short leg.

Spot–spot ETHW arbitrage (buy on Gate, withdraw, deposit and sell on OKX) shows +0.39% 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 ETHW 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: ETHW funding rates · ETHW spread charts · EthereumPoW price · arbitrage scanner for all coins.

Is there a ETHW arbitrage opportunity right now?

The best ETHW route right now is to buy on Gate spot → sell on OKX spot (Spot–Spot): +0.39% gross and +0.19% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest ETHW?

Gate (spot) has the lowest ETHW ask at $0.2846, and OKX (spot) the highest bid at $0.2857. Prices update every 15 seconds on this page.

How many exchanges list ETHW?

ArbiLayer tracks 10 ETHW markets on 7 venues: 5 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage ETHW without transferring coins?

Use two perpetual contracts: go long ETHW 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.

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