ArbiLayer

HNT arbitrage

live

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

Best net spread+0.22%MEXC → Variational · Perp–Perp
Best perp–perp spread+0.38%MEXC → Variational
Markets tracked96 venues · 4 perp · 5 spot · 0 DEX
Price range0.57%$0.5032 – $0.5061

Spreads between exchanges

Long (buy)Short (sell)SpreadNetSpread+FDepth $Funding 24hFunding 30DD/WChart
MEXC logoMEXC$0.5033Variational logoVariational$0.5052 +0.38%+0.22% +0.38%— -0.000%— LS Chart →
Bybit logoBybit$0.5035Variational logoVariational$0.5052 +0.34%+0.18% +0.34%— -0.000%— LS Chart →
MEXC logoMEXC$0.5033Bybit logoBybit$0.503 -0.06%-0.22% -0.06%— 0.000%— LS Chart →
Bybit logoBybit$0.5035MEXC logoMEXC$0.503 -0.10%-0.26% -0.10%— 0.000%— LS Chart →
Gate logoGate$0.5067Variational logoVariational$0.5052 -0.30%-0.46% -0.30%— -0.000%— LS Chart →
MEXC logoMEXC$0.5033Gate logoGate$0.5018 -0.30%-0.46% -0.30%— 0.000%— LS Chart →
Bybit logoBybit$0.5035Gate logoGate$0.5018 -0.34%-0.50% -0.34%— 0.000%— LS Chart →
Gate logoGate$0.5067Bybit logoBybit$0.503 -0.73%-0.89% -0.73%— 0.000%— LS Chart →
Gate logoGate$0.5067MEXC logoMEXC$0.503 -0.73%-0.89% -0.73%— 0.000%— LS Chart →
Variational logoVariational$0.5069Bybit logoBybit$0.503 -0.77%-0.93% -0.77%— +0.000%— LS Chart →
Variational logoVariational$0.5069MEXC logoMEXC$0.503 -0.77%-0.93% -0.77%— +0.000%— LS Chart →
Variational logoVariational$0.5069Gate logoGate$0.5018 -1.01%-1.17% -1.01%— +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.

HNT price on every exchange

ExchangeMarketBidAskPricevs medianFunding 24hVolume 24h
Bybit logoBybitPerpetual · HNTUSDTPerpetual $0.503$0.5035$0.5033-0.22% +0.030%$1.47M
Bybit logoBybitSpot · HNTUSDTSpot $0.5037$0.5045$0.5041-0.05% —$869.1K
Gate logoGatePerpetual · HNT_USDTPerpetual $0.5018$0.5067$0.5043-0.02% +0.030%$859.5K
MEXC logoMEXCPerpetual · HNT_USDTPerpetual $0.503$0.5033$0.5032-0.24% +0.030%$851.8K
Gate logoGateSpot · HNT_USDTSpot $0.504$0.5047$0.50440.00% —$240.5K
KuCoin logoKuCoinSpot · HNT-USDTSpot $0.504$0.506$0.505+0.13% —$216.7K
Bitget logoBitgetSpot · HNTUSDTSpot $0.5047$0.5062$0.5055+0.22% —$115.3K
Variational logoVariationalPerpetual · HNTPerpetual $0.5052$0.5069$0.5061+0.34% +0.030%$423
MEXC logoMEXCSpot · HNTUSDTSpot $0.5037$0.5055$0.5046+0.05% ——
Price is the bid/ask midpoint. "vs median" compares each market with the median of all centralized venues.

HNT arbitrage explained

Right now Helium (HNT) trades on 6 venues we scan: 4 perpetual markets, 5 spot markets and 0 DEX pools. The lowest ask is on MEXC perp at $0.5033 and the highest bid on Variational perp at $0.5052.

The widest HNT perpetual spread is between MEXC and Variational: long HNT on MEXC at $0.5033 and short on Variational at $0.5052 for +0.38% gross, or +0.22% 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 pays while it is open.

For a spot–perpetual (cash-and-carry) trade, the best HNT route is to buy spot on Bybit and short the perpetual on Variational: +0.14% gross, -0.06% net, with +0.030% a day of funding on the short leg.

Spot–spot HNT arbitrage (buy on Bybit, withdraw, deposit and sell on Bitget) shows +0.04% 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 HNT 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: HNT funding rates · HNT spread charts · Helium price · arbitrage scanner for all coins.

Is there a HNT arbitrage opportunity right now?

The best HNT route right now is to buy on MEXC → sell on Variational (Perp–Perp): +0.38% gross and +0.22% after fees. It is positive after the fee model, but check depth and funding before trading.

Which exchange has the cheapest HNT?

MEXC (perp) has the lowest HNT ask at $0.5033, and Variational (perp) the highest bid at $0.5052. Prices update every 15 seconds on this page.

How many exchanges list HNT?

ArbiLayer tracks 9 HNT markets on 6 venues: 4 perpetual, 5 spot and 0 DEX pools.

How do I arbitrage HNT without transferring coins?

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

Arbitrage for other coins

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