ArbiLayer

FHE arbitrage

live

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

Best net spread+0.03%Gate → Binance · Perp–Perp
Best perp–perp spread+0.19%Gate → Binance
Markets tracked107 venues · 6 perp · 4 spot · 0 DEX
Price range0.29%$0.0206 – $0.0207

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Gate logoGatespot$0.0206Binance logoBinance$0.0207 +0.05%-0.15% +0.05%— +0.030%— LS Chart →
Gate logoGatespot$0.0206MEXC logoMEXC$0.0207 +0.05%-0.15% +0.05%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0206Binance logoBinance$0.0207 +0.05%-0.15% +0.05%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0206MEXC logoMEXC$0.0207 +0.05%-0.15% +0.05%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0207Binance logoBinance$0.0207 0.00%-0.20% +0.01%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0207MEXC logoMEXC$0.0207 0.00%-0.20% +0.01%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0207Binance logoBinance$0.0207 -0.05%-0.25% -0.04%— +0.030%— LS Chart →
MEXC logoMEXCspot$0.0207MEXC logoMEXC$0.0207 -0.05%-0.25% -0.04%— +0.030%— LS Chart →
Gate logoGatespot$0.0206KuCoin logoKuCoin$0.0206 -0.05%-0.25% -0.04%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0206KuCoin logoKuCoin$0.0206 -0.05%-0.25% -0.04%— +0.030%— LS Chart →
Bybit logoBybitspot$0.0207KuCoin logoKuCoin$0.0206 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Gate logoGatespot$0.0206Bybit logoBybit$0.0206 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Gate logoGatespot$0.0206Aster logoAster$0.0206 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0206Bybit logoBybit$0.0206 -0.10%-0.30% -0.09%— +0.030%— LS Chart →
Bitget logoBitgetspot$0.0206Aster logoAster$0.0206 -0.10%-0.30% -0.09%— +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.

FHE price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
KuCoin logoKuCoinPerpetual · FHEUSDTMPerpetual $0.0206$0.0207$0.0206+0.05% +0.030%$887.5K
MEXC logoMEXCPerpetual · FHE_USDTPerpetual $0.0207$0.0207$0.0207+0.12% +0.030%$127.2K
Bybit logoBybitPerpetual · FHEUSDTPerpetual $0.0206$0.0207$0.0206+0.02% +0.030%$79.9K
Gate logoGateSpot · FHE_USDTSpot $0.0206$0.0206$0.0206-0.02% —$43.3K
Bybit logoBybitSpot · FHEUSDTSpot $0.0206$0.0207$0.0206-0.05% —$41.0K
Bitget logoBitgetSpot · FHEUSDTSpot $0.0206$0.0206$0.0206-0.02% —$40.7K
Gate logoGatePerpetual · FHE_USDTPerpetual $0.0206$0.0206$0.0206-0.17% +0.030%$25.0K
Binance logoBinancePerpetual · FHEUSDTPerpetual $0.0207$0.0207$0.0207+0.12% +0.030%—
Aster logoAsterPerpetual · FHEUSDTPerpetual $0.0206$0.0207$0.0207+0.10% +0.030%—
MEXC logoMEXCSpot · FHEUSDTSpot $0.0206$0.0207$0.0206-0.05% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

FHE arbitrage explained

Right now Mind Network (FHE) trades on 7 venues we scan: 6 perpetual markets, 4 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.0206 and the highest bid on MEXC perp at $0.0207.

The widest FHE perpetual spread is between Gate and Binance: long FHE on Gate at $0.0206 and short on Binance at $0.0207 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 FHE route is to buy spot on Gate and short the perpetual on Binance: +0.05% gross, -0.15% net, with +0.030% a day of funding on the short leg.

Spot–spot FHE arbitrage (buy on Gate, withdraw, deposit and sell on Bitget) shows -0.15% 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 FHE 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: FHE funding rates · FHE spread charts · Mind Network price · arbitrage scanner for all coins.

Is there a FHE arbitrage opportunity right now?

The best FHE route right now is to buy on Gate → sell on Binance (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 FHE?

Gate (perp) has the lowest FHE ask at $0.0206, and MEXC (perp) the highest bid at $0.0207. Prices update every 15 seconds on this page.

How many exchanges list FHE?

ArbiLayer tracks 10 FHE markets on 7 venues: 6 perpetual, 4 spot and 0 DEX pools.

How do I arbitrage FHE without transferring coins?

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

Arbitrage for other coins

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