ArbiLayer

F arbitrage

live

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

Best net spread+0.03%Bybit → OKX · Perp–Perp
Best perp–perp spread+0.19%Bybit → OKX
Markets tracked159 venues · 9 perp · 6 spot · 0 DEX
Price range0.33%$0.00321 – $0.003221

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinancespot$0.003218Bitget logoBitgetspot$0.003219 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
Gate logoGatespot$0.003218Bitget logoBitgetspot$0.003219 +0.03%-0.17% +0.03%— 0.000%— LS Chart →
Bybit logoBybitspot$0.003219Bitget logoBitgetspot$0.003219 0.00%-0.20% 0.00%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.003219Bitget logoBitgetspot$0.003219 0.00%-0.20% 0.00%— 0.000%— LS Chart →
Binance logoBinancespot$0.003218Bybit logoBybitspot$0.003217 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
Gate logoGatespot$0.003218Bybit logoBybitspot$0.003217 -0.03%-0.23% -0.03%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.003219Bybit logoBybitspot$0.003217 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Gate logoGatespot$0.003218Binance logoBinancespot$0.003216 -0.06%-0.26% -0.06%— 0.000%— LS Chart →
Bybit logoBybitspot$0.003219Binance logoBinancespot$0.003216 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.003219Binance logoBinancespot$0.003216 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
Binance logoBinancespot$0.003218Gate logoGatespot$0.003215 -0.09%-0.29% -0.09%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.003221Bybit logoBybitspot$0.003217 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
Bybit logoBybitspot$0.003219Gate logoGatespot$0.003215 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
KuCoin logoKuCoinspot$0.003219Gate logoGatespot$0.003215 -0.12%-0.32% -0.12%— 0.000%— LS Chart →
Bitget logoBitgetspot$0.003221Binance logoBinancespot$0.003216 -0.16%-0.36% -0.16%— 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.

F price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Gate logoGatePerpetual · F_USDTPerpetual $0.003214$0.003217$0.003215-0.03% +0.030%$2.41M
KuCoin logoKuCoinPerpetual · FUSDTMPerpetual $0.003214$0.003218$0.003216-0.02% +0.030%$1.50M
Bybit logoBybitPerpetual · FUSDTPerpetual $0.003212$0.003214$0.003213-0.11% +0.030%$639.1K
OKX logoOKXPerpetual · F-USDT-SWAPPerpetual $0.00322$0.003221$0.003221+0.12% +0.030%$590.0K
Bitget logoBitgetPerpetual · FUSDTPerpetual $0.003217$0.003218$0.003218+0.03% +0.030%$192.2K
MEXC logoMEXCPerpetual · F_USDTPerpetual $0.003216$0.003217$0.0032160.00% +0.030%$99.8K
Bybit logoBybitSpot · FUSDTSpot $0.003217$0.003219$0.003218+0.05% —$79.8K
Bitget logoBitgetSpot · FUSDTSpot $0.003219$0.003221$0.00322+0.11% —$16.4K
KuCoin logoKuCoinSpot · F-USDTSpot $0.003213$0.003219$0.003216-0.02% —$8.1K
Gate logoGateSpot · F_USDTSpot $0.003215$0.003218$0.0032160.00% —$7.8K
Variational logoVariationalPerpetual · FPerpetual $0.003206$0.003214$0.00321-0.20% +0.030%$109
Binance logoBinancePerpetual · FUSDTPerpetual $0.003216$0.003217$0.0032160.00% +0.030%—
Aster logoAsterPerpetual · FUSDTPerpetual $0.003213$0.00322$0.003217+0.00% +0.030%—
Binance logoBinanceSpot · FUSDTSpot $0.003216$0.003218$0.003217+0.02% ——
MEXC logoMEXCSpot · FUSDTSpot $0.003206$0.003227$0.0032160.00% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

F arbitrage explained

Right now SynFutures (F) trades on 9 venues we scan: 9 perpetual markets, 6 spot markets and 0 DEX pools. The lowest ask is on Bybit perp at $0.003214 and the highest bid on OKX perp at $0.00322.

The widest F perpetual spread is between Bybit and OKX: long F on Bybit at $0.003214 and short on OKX at $0.00322 for +0.19% gross, or +0.03% 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 F route is to buy spot on Binance and short the perpetual on OKX: +0.06% gross, -0.14% net, with +0.030% a day of funding on the short leg.

Spot–spot F arbitrage (buy on Binance, withdraw, deposit and sell on Bitget) shows +0.03% 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 F 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: F funding rates · F spread charts · SynFutures price · arbitrage scanner for all coins.

Is there a F arbitrage opportunity right now?

The best F route right now is to buy on Bybit → sell on OKX (Perp–Perp): +0.19% gross and +0.03% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest F?

Bybit (perp) has the lowest F ask at $0.003214, and OKX (perp) the highest bid at $0.00322. Prices update every 15 seconds on this page.

How many exchanges list F?

ArbiLayer tracks 15 F markets on 9 venues: 9 perpetual, 6 spot and 0 DEX pools.

How do I arbitrage F without transferring coins?

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

Arbitrage for other coins

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