ArbiLayer

FRAX arbitrage

live

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

Best net spread-0.17%Bybit → Gate · Spot–Spot
Best perp–perp spread-0.03%Binance → MEXC
Markets tracked117 venues · 6 perp · 5 spot · 0 DEX
Price range0.23%$0.3107 – $0.3115

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
Binance logoBinance$0.311MEXC logoMEXC$0.3109 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
MEXC logoMEXC$0.311Binance logoBinance$0.3109 -0.03%-0.19% -0.03%— 0.000%— LS Chart →
Gate logoGate$0.3111Binance logoBinance$0.3109 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Gate logoGate$0.3111MEXC logoMEXC$0.3109 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Binance logoBinance$0.311Bitget logoBitget$0.3107 -0.08%-0.24% -0.08%— 0.000%— LS Chart →
MEXC logoMEXC$0.311Bitget logoBitget$0.3107 -0.08%-0.24% -0.08%— 0.000%— LS Chart →
Bitget logoBitget$0.3112Binance logoBinance$0.3109 -0.09%-0.25% -0.09%— 0.000%— LS Chart →
Bitget logoBitget$0.3112MEXC logoMEXC$0.3109 -0.09%-0.25% -0.09%— 0.000%— LS Chart →
Gate logoGate$0.3111Bitget logoBitget$0.3107 -0.12%-0.28% -0.12%— 0.000%— LS Chart →
Aster logoAster$0.3113Binance logoBinance$0.3109 -0.13%-0.29% -0.13%— 0.000%— LS Chart →
Aster logoAster$0.3113MEXC logoMEXC$0.3109 -0.13%-0.29% -0.13%— 0.000%— LS Chart →
Binance logoBinance$0.311Gate logoGate$0.3105 -0.16%-0.32% -0.16%— 0.000%— LS Chart →
MEXC logoMEXC$0.311Gate logoGate$0.3105 -0.16%-0.32% -0.16%— 0.000%— LS Chart →
Aster logoAster$0.3113Bitget logoBitget$0.3107 -0.18%-0.34% -0.18%— 0.000%— LS Chart →
Bitget logoBitget$0.3112Gate logoGate$0.3105 -0.22%-0.38% -0.22%— 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.

FRAX price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
MEXC logoMEXCPerpetual · FRAX_USDTPerpetual $0.3109$0.311$0.3110.00% +0.030%$293.4K
Bitget logoBitgetPerpetual · FRAXUSDTPerpetual $0.3107$0.3112$0.311+0.00% +0.030%$198.0K
Bybit logoBybitSpot · FRAXUSDTSpot $0.3103$0.3112$0.3107-0.06% —$96.7K
KuCoin logoKuCoinSpot · FRAX-USDTSpot $0.3097$0.3121$0.3109-0.02% —$9.4K
Gate logoGateSpot · FRAX_USDTSpot $0.3113$0.3116$0.3115+0.16% —$7.7K
Gate logoGatePerpetual · FRAX_USDTPerpetual $0.3105$0.3111$0.3108-0.05% +0.030%$4.6K
KuCoin logoKuCoinPerpetual · FRAXUSDTMPerpetual $0.3084$0.3133$0.3109-0.03% +0.030%$4.5K
Binance logoBinancePerpetual · FRAXUSDTPerpetual $0.3109$0.311$0.3110.00% +0.030%—
Aster logoAsterPerpetual · FRAXUSDTPerpetual $0.3103$0.3113$0.3108-0.05% +0.030%—
Binance logoBinanceSpot · FRAXUSDTSpot $0.3108$0.3114$0.3111+0.05% ——
MEXC logoMEXCSpot · FRAXUSDTSpot $0.3109$0.3114$0.3112+0.06% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

FRAX arbitrage explained

Right now Legacy Frax Dollar (FRAX) trades on 7 venues we scan: 6 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.311 and the highest bid on Gate spot at $0.3113.

The widest FRAX perpetual spread is between Binance and MEXC: long FRAX on Binance at $0.311 and short on MEXC at $0.3109 for -0.03% gross, or -0.19% 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 FRAX route is to buy spot on Bybit and short the perpetual on Binance: -0.10% gross, -0.30% net, with +0.030% a day of funding on the short leg.

Spot–spot FRAX arbitrage (buy on Bybit, withdraw, deposit and sell on Gate) 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 FRAX 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: FRAX funding rates · FRAX spread charts · Legacy Frax Dollar price · arbitrage scanner for all coins.

Is there a FRAX arbitrage opportunity right now?

The best FRAX route right now is to buy on Bybit spot → sell on Gate spot (Spot–Spot): +0.03% gross and -0.17% after fees. After fees it is not profitable, which is normal for liquid coins.

Which exchange has the cheapest FRAX?

MEXC (perp) has the lowest FRAX ask at $0.311, and Gate (spot) the highest bid at $0.3113. Prices update every 15 seconds on this page.

How many exchanges list FRAX?

ArbiLayer tracks 11 FRAX markets on 7 venues: 6 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage FRAX without transferring coins?

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

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