ArbiLayer

ETHW arbitrage

live

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

Best net spread+0.61%Bybit → OKX · Spot–Spot
Best perp–perp spread+0.11%OKX → Gate
Markets tracked107 venues · 5 perp · 5 spot · 0 DEX
Price range0.99%$0.2708 – $0.2735

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Bybit logoBybitspot$0.2711OKX logoOKXspot$0.2733 +0.81%+0.61% +0.81%— 0.000%— LS Chart →
Bybit logoBybitspot$0.2711MEXC logoMEXCspot$0.2732 +0.77%+0.57% +0.77%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.2717OKX logoOKXspot$0.2733 +0.59%+0.39% +0.59%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.2717MEXC logoMEXCspot$0.2732 +0.55%+0.35% +0.55%— 0.000%— LS Chart →
Bybit logoBybitspot$0.2711Gate logoGatespot$0.2724 +0.48%+0.28% +0.48%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.2717Gate logoGatespot$0.2724 +0.26%+0.06% +0.26%— 0.000%— LS Chart →
Gate logoGatespot$0.2727OKX logoOKXspot$0.2733 +0.22%+0.02% +0.22%— 0.000%— LS Chart →
Gate logoGatespot$0.2727MEXC logoMEXCspot$0.2732 +0.18%-0.02% +0.18%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.2737OKX logoOKXspot$0.2733 -0.15%-0.35% -0.15%— 0.000%— LS Chart →
OKX logoOKXspot$0.2737MEXC logoMEXCspot$0.2732 -0.18%-0.38% -0.18%— 0.000%— LS Chart →
Bybit logoBybitspot$0.2711KuCoin logoKuCoinspot$0.2702 -0.33%-0.53% -0.33%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.2717Bybit logoBybitspot$0.2705 -0.44%-0.64% -0.44%— 0.000%— LS Chart →
OKX logoOKXspot$0.2737Gate logoGatespot$0.2724 -0.47%-0.67% -0.47%— 0.000%— LS Chart →
MEXC logoMEXCspot$0.2737Gate logoGatespot$0.2724 -0.47%-0.67% -0.47%— 0.000%— LS Chart →
Gate logoGatespot$0.2727Bybit logoBybitspot$0.2705 -0.81%-1.01% -0.81%— 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 $0.2731$0.2735$0.2733+0.13% +0.030%$1.18M
OKX logoOKXPerpetual · ETHW-USDT-SWAPPerpetual $0.2725$0.2728$0.2727-0.11% +0.030%$272.8K
MEXC logoMEXCPerpetual · ETHW_USDTPerpetual $0.2729$0.2731$0.273+0.02% +0.030%$112.3K
OKX logoOKXSpot · ETHW-USDTSpot $0.2733$0.2737$0.2735+0.20% —$107.0K
Gate logoGateSpot · ETHW_USDTSpot $0.2724$0.2727$0.2725-0.15% —$46.1K
Bitget logoBitgetPerpetual · ETHWUSDTPerpetual $0.2729$0.2733$0.2731+0.05% +0.030%$29.1K
KuCoin logoKuCoinSpot · ETHW-USDTSpot $0.2702$0.2717$0.271-0.73% —$27.2K
Bybit logoBybitSpot · ETHWUSDTSpot $0.2705$0.2711$0.2708-0.79% —$12.2K
Binance logoBinancePerpetual · ETHWUSDTPerpetual $0.2728$0.273$0.2729-0.02% +0.030%—
MEXC logoMEXCSpot · ETHWUSDTSpot $0.2732$0.2737$0.2734+0.18% ——
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 $0.2711 and the highest bid on OKX spot at $0.2733.

The widest ETHW perpetual spread is between OKX and Gate: long ETHW on OKX at $0.2728 and short on Gate at $0.2731 for +0.11% gross, or -0.05% 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: +0.74% gross, +0.54% net, with +0.030% a day of funding on the short leg.

Spot–spot ETHW arbitrage (buy on Bybit, withdraw, deposit and sell on OKX) shows +0.81% 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 OKX spot (Spot–Spot): +0.81% gross and +0.61% 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 $0.2711, and OKX (spot) the highest bid at $0.2733. 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.

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