ArbiLayer

ETHW arbitrage

live

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

Best net spread+0.68%Bybit → Gate · Spot–Perp
Best perp–perp spread+0.15%OKX → Gate
Markets tracked107 venues · 5 perp · 5 spot · 0 DEX
Price range1.02%$0.2723 – $0.2751

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.2726Gate logoGate$0.275 +0.88%+0.68% +0.89%— +0.030%— LS Chart →
Bybit logoBybitspot$0.2726Binance logoBinance$0.2745 +0.70%+0.50% +0.70%— +0.030%— LS Chart →
Bybit logoBybitspot$0.2726MEXC logoMEXC$0.2745 +0.70%+0.50% +0.70%— +0.030%— LS Chart →
Bybit logoBybitspot$0.2726Bitget logoBitget$0.2744 +0.66%+0.46% +0.67%— +0.030%— LS Chart →
Bybit logoBybitspot$0.2726OKX logoOKX$0.2743 +0.62%+0.42% +0.63%— +0.030%— LS Chart →
Gate logoGatespot$0.2741Gate logoGate$0.275 +0.33%+0.13% +0.33%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.2745Gate logoGate$0.275 +0.18%-0.02% +0.19%— +0.030%— LS Chart →
Gate logoGatespot$0.2741Binance logoBinance$0.2745 +0.15%-0.05% +0.15%— +0.030%— LS Chart →
Gate logoGatespot$0.2741MEXC logoMEXC$0.2745 +0.15%-0.05% +0.15%— +0.030%— LS Chart →
Gate logoGatespot$0.2741Bitget logoBitget$0.2744 +0.11%-0.09% +0.11%— +0.030%— LS Chart →
Gate logoGatespot$0.2741OKX logoOKX$0.2743 +0.07%-0.13% +0.08%— +0.030%— LS Chart →
OKX logoOKXspot$0.275Gate logoGate$0.275 0.00%-0.20% +0.01%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.2745Binance logoBinance$0.2745 0.00%-0.20% +0.01%— +0.030%— LS Chart →
KuCoin logoKuCoinspot$0.2745MEXC logoMEXC$0.2745 0.00%-0.20% +0.01%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.2751Gate logoGate$0.275 -0.04%-0.24% -0.03%— +0.030%— 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 $0.275$0.2751$0.2751+0.16% +0.030%$567.6K
OKX logoOKXPerpetual · ETHW-USDT-SWAPPerpetual $0.2743$0.2746$0.2744-0.05% +0.030%$271.8K
MEXC logoMEXCPerpetual · ETHW_USDTPerpetual $0.2745$0.2747$0.27460.00% +0.030%$108.2K
OKX logoOKXSpot · ETHW-USDTSpot $0.2747$0.275$0.2749+0.09% —$103.2K
Gate logoGateSpot · ETHW_USDTSpot $0.2737$0.2741$0.2739-0.25% —$43.2K
KuCoin logoKuCoinSpot · ETHW-USDTSpot $0.2726$0.2745$0.2736-0.38% —$27.4K
Bitget logoBitgetPerpetual · ETHWUSDTPerpetual $0.2744$0.2749$0.2746+0.02% +0.030%$25.4K
Bybit logoBybitSpot · ETHWUSDTSpot $0.2719$0.2726$0.2723-0.86% —$11.8K
Binance logoBinancePerpetual · ETHWUSDTPerpetual $0.2745$0.2747$0.27460.00% +0.030%—
MEXC logoMEXCSpot · ETHWUSDTSpot $0.2749$0.2751$0.275+0.15% ——
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 Bybit spot at $0.2726 and the highest bid on Gate perp at $0.275.

The widest ETHW perpetual spread is between OKX and Gate: long ETHW on OKX at $0.2746 and short on Gate at $0.275 for +0.15% gross, or -0.01% 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 Bybit and short the perpetual on Gate: +0.88% gross, +0.68% net, with +0.030% a day of funding on the short leg.

Spot–spot ETHW arbitrage (buy on Bybit, withdraw, deposit and sell on MEXC) shows +0.84% 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 Bybit spot → sell on Gate (Spot–Perp): +0.88% gross and +0.68% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest ETHW?

Bybit (spot) has the lowest ETHW ask at $0.2726, and Gate (perp) the highest bid at $0.275. 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 (OKX 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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