ArbiLayer

EUL arbitrage

live

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

Best net spread+0.23%Variational → HTX · Perp–Perp
Best perp–perp spread+0.39%Variational → HTX
Markets tracked139 venues · 9 perp · 4 spot · 0 DEX
Price range0.81%$1.50 – $1.51

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Variational logoVariational$1.50HTX logoHTX$1.51 +0.39%+0.23% +0.39%— -0.015%— LS Chart →
Variational logoVariational$1.50Bybit logoBybit$1.51 +0.34%+0.18% +0.34%— +0.000%— LS Chart →
Variational logoVariational$1.50Bitget logoBitget$1.51 +0.33%+0.17% +0.33%— +0.000%— LS Chart →
Variational logoVariational$1.50KuCoin logoKuCoin$1.51 +0.33%+0.17% +0.33%— +0.000%— LS Chart →
Variational logoVariational$1.50Aster logoAster$1.51 +0.31%+0.15% +0.31%— +0.000%— LS Chart →
Variational logoVariational$1.50Gate logoGate$1.51 +0.25%+0.09% +0.25%— +0.000%— LS Chart →
Variational logoVariational$1.50Binance logoBinance$1.51 +0.18%+0.02% +0.18%— +0.000%— LS Chart →
Variational logoVariational$1.50MEXC logoMEXC$1.51 +0.18%+0.02% +0.18%— +0.000%— LS Chart →
Binance logoBinance$1.51HTX logoHTX$1.51 +0.16%-0.00% +0.16%— -0.015%— LS Chart →
MEXC logoMEXC$1.51HTX logoHTX$1.51 +0.12%-0.04% +0.12%— -0.015%— LS Chart →
Binance logoBinance$1.51Bybit logoBybit$1.51 +0.11%-0.05% +0.11%— 0.000%— LS Chart →
Binance logoBinance$1.51Bitget logoBitget$1.51 +0.10%-0.06% +0.10%— 0.000%— LS Chart →
Binance logoBinance$1.51KuCoin logoKuCoin$1.51 +0.09%-0.07% +0.09%— 0.000%— LS Chart →
Binance logoBinance$1.51Aster logoAster$1.51 +0.08%-0.08% +0.08%— 0.000%— LS Chart →
MEXC logoMEXC$1.51Bybit logoBybit$1.51 +0.07%-0.09% +0.07%— 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.

EUL price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · EULUSDTPerpetual $1.51$1.51$1.51+0.07% +0.030%$1.03M
Bitget logoBitgetPerpetual · EULUSDTPerpetual $1.51$1.51$1.51+0.07% +0.030%$445.9K
Gate logoGatePerpetual · EUL_USDTPerpetual $1.51$1.51$1.51-0.01% +0.030%$445.6K
MEXC logoMEXCPerpetual · EUL_USDTPerpetual $1.51$1.51$1.51-0.07% +0.030%$109.1K
KuCoin logoKuCoinPerpetual · EULUSDTMPerpetual $1.51$1.51$1.51+0.11% +0.030%$92.8K
KuCoin logoKuCoinSpot · EUL-USDTSpot $1.51$1.51$1.510.00% —$81.9K
HTX logoHTXPerpetual · EUL-USDTPerpetual $1.51$1.52$1.51+0.34% +0.015%$64.8K
Gate logoGateSpot · EUL_USDTSpot $1.51$1.51$1.51+0.01% —$37.6K
Variational logoVariationalPerpetual · EULPerpetual $1.50$1.50$1.50-0.47% +0.030%$14.0K
Binance logoBinancePerpetual · EULUSDTPerpetual $1.51$1.51$1.51-0.09% +0.030%—
Aster logoAsterPerpetual · EULUSDTPerpetual $1.51$1.51$1.51+0.06% +0.030%—
Binance logoBinanceSpot · EULUSDTSpot $1.51$1.51$1.51-0.03% ——
MEXC logoMEXCSpot · EULUSDTSpot $1.50$1.51$1.51-0.03% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

EUL arbitrage explained

Right now Euler (EUL) trades on 9 venues we scan: 9 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Variational perp at $1.50 and the highest bid on HTX perp at $1.51.

The widest EUL perpetual spread is between Variational and HTX: long EUL on Variational at $1.50 and short on HTX at $1.51 for +0.39% gross, or +0.23% 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 -0.015% per day, which the position pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best EUL route is to buy spot on Binance and short the perpetual on HTX: +0.06% gross, -0.14% net, with +0.015% a day of funding on the short leg.

Spot–spot EUL arbitrage (buy on Binance, withdraw, deposit and sell on Gate) shows -0.09% 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 EUL 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: EUL funding rates · EUL spread charts · Euler price · arbitrage scanner for all coins.

Is there a EUL arbitrage opportunity right now?

The best EUL route right now is to buy on Variational → sell on HTX (Perp–Perp): +0.39% gross and +0.23% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest EUL?

Variational (perp) has the lowest EUL ask at $1.50, and HTX (perp) the highest bid at $1.51. Prices update every 15 seconds on this page.

How many exchanges list EUL?

ArbiLayer tracks 13 EUL markets on 9 venues: 9 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage EUL without transferring coins?

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

Arbitrage for other coins

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